FORTRESS: what changed
Two fiscal 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.
FORTRESS
Largest movements
- Receivables within one year +€171,059
up €171,059 (+89.3%), from €191,501 to €362,560
of which Other amounts receivable: +€114,163
- Tangible fixed assets -€6,612
down €6,612 (-12.1%), from €54,445 to €47,833
of which Plant, machinery and equipment: -€4,121
- Other debts +€175,120
up €175,120 (+56.1%), from €312,311 to €487,431
- Reserves -€72,352
down €72,352 (-25.0%), from €289,410 to €217,057
- Trade debts +€55,407
up €55,407 (+164.0%), from €33,791 to €89,198
- Profit (loss) carried forward +€9,881
up €9,881 (+2.1%), from -€463,045 to -€453,164
- Tax, wage and social debts -€6,116
down €6,116 (-28.4%), from €21,513 to €15,397
of which Remuneration and social security: -€3,315
- Gross operating margin -€243,927
down €243,927, from €237,515 to -€6,412
- Financial charges -€14,318
down €14,318 (-59.6%), from €24,036 to €9,718
- Staff costs +€4,095
up €4,095 (+14.2%), from €28,783 to €32,878
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,533 | €434,472 | +€161,939 | +59.4% |
| Fixed assets | 21/28 | €56,445 | €49,833 | -€6,612 | -11.7% |
| Tangible fixed assets | 22/27 | €54,445 | €47,833 | -€6,612 | -12.1% |
| Land and buildings | 22 | €19,139 | €16,912 | -€2,228 | -11.6% |
| Plant, machinery and equipment | 23 | €5,283 | €1,163 | -€4,121 | -78.0% |
| Furniture and vehicles | 24 | €30,022 | €29,759 | -€263 | -0.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €216,088 | €384,639 | +€168,551 | +78.0% |
| Amounts receivable within one year | 40/41 | €191,501 | €362,560 | +€171,059 | +89.3% |
| Trade receivables | 40 | €119,772 | €176,668 | +€56,896 | +47.5% |
| Other amounts receivable | 41 | €71,728 | €185,891 | +€114,163 | +159.2% |
| Cash at bank and in hand | 54/58 | €6,798 | €8,062 | +€1,264 | +18.6% |
| Deferred charges and accrued income | 490/1 | €17,789 | €14,017 | -€3,772 | -21.2% |
| Total equity and liabilities | 10/49 | €272,533 | €434,472 | +€161,939 | +59.4% |
| Equity | 10/15 | -€167,435 | -€229,906 | -€62,471 | -37.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €289,410 | €217,057 | -€72,352 | -25.0% |
| Tax-exempt reserves | 132 | €289,410 | €217,057 | -€72,352 | -25.0% |
| Profit (loss) carried forward | 14 | -€463,045 | -€453,164 | +€9,881 | +2.1% |
| Provisions and deferred taxes | 16 | €72,352 | €72,352 | = | 0.0% |
| Deferred taxes | 168 | €72,352 | €72,352 | = | 0.0% |
| Amounts payable | 17/49 | €367,616 | €592,026 | +€224,410 | +61.0% |
| Amounts payable within one year | 42/48 | €367,616 | €592,026 | +€224,410 | +61.0% |
| Trade debts | 44 | €33,791 | €89,198 | +€55,407 | +164.0% |
| Suppliers | 440/4 | €33,791 | €89,198 | +€55,407 | +164.0% |
| Taxes, remuneration and social security | 45 | €21,513 | €15,397 | -€6,116 | -28.4% |
| Taxes | 450/3 | €7,556 | €4,755 | -€2,801 | -37.1% |
| Remuneration and social security | 454/9 | €13,957 | €10,642 | -€3,315 | -23.8% |
| Other amounts payable | 47/48 | €312,311 | €487,431 | +€175,120 | +56.1% |
| Remuneration, social security and pensions | 62 | €28,783 | €32,878 | +€4,095 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,828 | €13,673 | +€845 | +6.6% |
| Other operating charges | 640/8 | €458 | €587 | +€129 | +28.1% |
| Gross operating margin | 9900 | €237,515 | -€6,412 | -€243,927 | |
| Operating profit (loss) | 9901 | €195,446 | -€53,550 | -€248,996 | |
| Financial income | 75/76B | €731 | €1,566 | +€835 | +114.2% |
| Recurring financial income | 75 | €731 | €1,566 | +€835 | +114.2% |
| Financial charges | 65/66B | €24,036 | €9,718 | -€14,318 | -59.6% |
| Recurring financial charges | 65 | €24,036 | €9,718 | -€14,318 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €172,141 | -€61,702 | -€233,843 | |
| Transfer to deferred taxes | 680 | €72,352 | - | -€72,352 | |
| Income taxes | 67/77 | €564 | €769 | +€205 | +36.3% |
| Profit (loss) for the period | 9904 | €99,224 | -€62,471 | -€161,696 | |
| Transfer to tax-exempt reserves | 689 | €289,410 | - | -€289,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€190,185 | -€62,471 | +€127,714 | +67.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.