FORTSE HOEVE: 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.
FORTSE HOEVE
Largest movements
- Receivables within one year -€33,760
down €33,760 (-40.4%), from €83,620 to €49,860
of which Other amounts receivable: -€26,500
- Tangible fixed assets -€11,246
down €11,246 (-4.3%), from €264,239 to €252,993
of which Other tangible fixed assets: -€9,729
- Debts after one year -€23,289
down €23,289 (-10.2%), from €227,832 to €204,543
- Trade debts -€12,976
down €12,976 (-98.0%), from €13,235 to €259
- Other debts -€8,317
down €8,317 (-35.2%), from €23,624 to €15,307
- Financial charges -€7,957
down €7,957 (-37.4%), from €21,301 to €13,345
- Depreciation -€5,238
down €5,238 (-17.8%), from €29,392 to €24,154
- Gross operating margin -€4,550
down €4,550 (-8.6%), from €52,613 to €48,063
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 | €357,442 | €313,512 | -€43,930 | -12.3% |
| Fixed assets | 21/28 | €264,239 | €252,993 | -€11,246 | -4.3% |
| Tangible fixed assets | 22/27 | €264,239 | €252,993 | -€11,246 | -4.3% |
| Land and buildings | 22 | €206,344 | €205,149 | -€1,195 | -0.6% |
| Plant, machinery and equipment | 23 | €1,609 | €1,287 | -€322 | -20.0% |
| Other tangible fixed assets | 26 | €56,286 | €46,557 | -€9,729 | -17.3% |
| Current assets | 29/58 | €93,203 | €60,518 | -€32,684 | -35.1% |
| Amounts receivable within one year | 40/41 | €83,620 | €49,860 | -€33,760 | -40.4% |
| Trade receivables | 40 | €7,260 | - | -€7,260 | |
| Other amounts receivable | 41 | €76,360 | €49,860 | -€26,500 | -34.7% |
| Cash at bank and in hand | 54/58 | €8,285 | €9,227 | +€943 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,298 | €1,431 | +€133 | +10.3% |
| Total equity and liabilities | 10/49 | €357,442 | €313,512 | -€43,930 | -12.3% |
| Equity | 10/15 | €71,502 | €70,020 | -€1,482 | -2.1% |
| Contributions | 10/11 | €301,191 | €301,191 | = | 0.0% |
| Capital | 10 | €301,191 | €301,191 | = | 0.0% |
| Issued capital | 100 | €301,191 | €301,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,688 | -€231,170 | -€1,482 | -0.6% |
| Amounts payable | 17/49 | €285,939 | €243,491 | -€42,448 | -14.8% |
| Amounts payable after more than one year | 17 | €227,832 | €204,543 | -€23,289 | -10.2% |
| Financial debts | 170/4 | €227,832 | €204,543 | -€23,289 | -10.2% |
| Amounts payable within one year | 42/48 | €58,108 | €38,855 | -€19,252 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €21,249 | €23,289 | +€2,040 | +9.6% |
| Trade debts | 44 | €13,235 | €259 | -€12,976 | -98.0% |
| Suppliers | 440/4 | €13,235 | €259 | -€12,976 | -98.0% |
| Other amounts payable | 47/48 | €23,624 | €15,307 | -€8,317 | -35.2% |
| Accrued charges and deferred income | 492/3 | - | €94 | +€94 | |
| Non-recurring operating income | 76A | - | €7,846 | +€7,846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,392 | €24,154 | -€5,238 | -17.8% |
| Other operating charges | 640/8 | €11,714 | €12,080 | +€366 | +3.1% |
| Gross operating margin | 9900 | €52,613 | €48,063 | -€4,550 | -8.6% |
| Operating profit (loss) | 9901 | €11,507 | €11,829 | +€322 | +2.8% |
| Financial income | 75/76B | €101 | €44 | -€57 | -56.2% |
| Recurring financial income | 75 | €101 | €44 | -€57 | -56.2% |
| Financial charges | 65/66B | €21,301 | €13,345 | -€7,957 | -37.4% |
| Recurring financial charges | 65 | €21,301 | €13,345 | -€7,957 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,693 | -€1,471 | +€8,222 | +84.8% |
| Income taxes | 67/77 | €14 | €11 | -€3 | -20.4% |
| Profit (loss) for the period | 9904 | -€9,707 | -€1,482 | +€8,225 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,707 | -€1,482 | +€8,225 | +84.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.