FORTRADE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FORTRADE
Largest movements
- Tangible fixed assets +€54,832
up €54,832 (+255%), from €21,499 to €76,330
of which Furniture and vehicles: +€54,810
- Current investments -€34,665
down €34,665 (-60.6%), from €57,218 to €22,553
- Receivables within one year -€27,644
down €27,644 (-82.7%), from €33,427 to €5,783
of which Trade receivables: -€25,200
- Cash +€20,802
up €20,802 (+18.9%), from €109,959 to €130,760
mainly Net result for the year (+€53,708) and Current investments (+€34,665)
- Debts after one year +€33,813
new in 2025: €33,813
- Other debts +€32,312
up €32,312 (+5,875%), from €550 to €32,862
- Reserves -€31,692
down €31,692 (-19.7%), from €161,155 to €129,463
- Tax, wage and social debts -€29,840
down €29,840 (-72.0%), from €41,416 to €11,576
of which Taxes: -€27,843
- Current portion of long-term debt +€16,187
new in 2025: €16,187
- Gross operating margin -€26,794
down €26,794 (-22.9%), from €117,080 to €90,286
- Financial charges +€6,442
up €6,442 (+27,802%), from €23 to €6,465
- Taxes -€1,497
down €1,497 (-5.9%), from €25,469 to €23,972
- Other operating charges -€1,240
down €1,240 (-28.5%), from €4,350 to €3,110
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,180 | €237,183 | +€14,003 | +6.3% |
| Fixed assets | 21/28 | €21,499 | €76,330 | +€54,832 | +255% |
| Tangible fixed assets | 22/27 | €21,499 | €76,330 | +€54,832 | +255% |
| Plant, machinery and equipment | 23 | €17,428 | €17,449 | +€22 | +0.1% |
| Furniture and vehicles | 24 | €4,071 | €58,881 | +€54,810 | +1,346% |
| Current assets | 29/58 | €201,682 | €160,853 | -€40,829 | -20.2% |
| Amounts receivable within one year | 40/41 | €33,427 | €5,783 | -€27,644 | -82.7% |
| Trade receivables | 40 | €29,766 | €4,566 | -€25,200 | -84.7% |
| Other amounts receivable | 41 | €3,661 | €1,217 | -€2,444 | -66.8% |
| Current investments | 50/53 | €57,218 | €22,553 | -€34,665 | -60.6% |
| Cash at bank and in hand | 54/58 | €109,959 | €130,760 | +€20,802 | +18.9% |
| Deferred charges and accrued income | 490/1 | €1,079 | €1,757 | +€678 | +62.9% |
| Total equity and liabilities | 10/49 | €223,180 | €237,183 | +€14,003 | +6.3% |
| Equity | 10/15 | €166,155 | €134,463 | -€31,692 | -19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €161,155 | €129,463 | -€31,692 | -19.7% |
| Distributable reserves | 133 | €161,155 | €129,463 | -€31,692 | -19.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €57,025 | €102,720 | +€45,695 | +80.1% |
| Amounts payable after more than one year | 17 | - | €33,813 | +€33,813 | |
| Financial debts | 170/4 | - | €33,813 | +€33,813 | |
| Amounts payable within one year | 42/48 | €56,828 | €67,061 | +€10,233 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,187 | +€16,187 | |
| Trade debts | 44 | €14,862 | €6,437 | -€8,425 | -56.7% |
| Suppliers | 440/4 | €14,862 | €6,437 | -€8,425 | -56.7% |
| Taxes, remuneration and social security | 45 | €41,416 | €11,576 | -€29,840 | -72.0% |
| Taxes | 450/3 | €39,419 | €11,576 | -€27,843 | -70.6% |
| Remuneration and social security | 454/9 | €1,997 | €0 | -€1,997 | -100% |
| Other amounts payable | 47/48 | €550 | €32,862 | +€32,312 | +5,875% |
| Accrued charges and deferred income | 492/3 | €197 | €1,845 | +€1,648 | +836% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,393 | €4,101 | +€709 | +20.9% |
| Other operating charges | 640/8 | €4,350 | €3,110 | -€1,240 | -28.5% |
| Gross operating margin | 9900 | €117,080 | €90,286 | -€26,794 | -22.9% |
| Operating profit (loss) | 9901 | €109,337 | €83,075 | -€26,263 | -24.0% |
| Financial income | 75/76B | €1,628 | €1,070 | -€557 | -34.2% |
| Recurring financial income | 75 | €1,628 | €1,070 | -€557 | -34.2% |
| Financial charges | 65/66B | €23 | €6,465 | +€6,442 | +27,802% |
| Recurring financial charges | 65 | €23 | €6,465 | +€6,442 | +27,802% |
| Profit (loss) for the period before taxes | 9903 | €110,942 | €77,680 | -€33,262 | -30.0% |
| Income taxes | 67/77 | €25,469 | €23,972 | -€1,497 | -5.9% |
| Profit (loss) for the period | 9904 | €85,473 | €53,708 | -€31,765 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,473 | €53,708 | -€31,765 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.