FORTSIOR: 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.
FORTSIOR
Largest movements
- Deferred charges and accrued income +€5,161
up €5,161 (+165.1%), from €3,127 to €8,287
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€123,744
down €123,744 (-94.2%), from €131,306 to €7,562
- Gross operating margin -€5,271
down €5,271, from €2,805 to -€2,466
- Taxes +€936
new in 2025: €936
- Financial charges -€220
down €220 (-83.0%), from €265 to €45
- Other operating charges -€36
down €36 (-6.3%), from €563 to €528
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.
Cash bridge derived
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 | €359,652 | €363,981 | +€4,329 | +1.2% |
| Fixed assets | 21/28 | €37,500 | €37,500 | = | 0.0% |
| Financial fixed assets | 28 | €37,500 | €37,500 | = | 0.0% |
| Current assets | 29/58 | €322,152 | €326,481 | +€4,329 | +1.3% |
| Amounts receivable after more than one year | 29 | €255,000 | €255,000 | = | 0.0% |
| Other amounts receivable | 291 | €255,000 | €255,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €480 | €78 | -€402 | -83.7% |
| Other amounts receivable | 41 | €480 | €78 | -€402 | -83.7% |
| Cash at bank and in hand | 54/58 | €63,546 | €63,116 | -€430 | -0.7% |
| Deferred charges and accrued income | 490/1 | €3,127 | €8,287 | +€5,161 | +165.1% |
| Total equity and liabilities | 10/49 | €359,652 | €363,981 | +€4,329 | +1.2% |
| Equity | 10/15 | €351,931 | €355,518 | +€3,587 | +1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €301,931 | €305,518 | +€3,587 | +1.2% |
| Distributable reserves | 133 | €301,931 | €305,518 | +€3,587 | +1.2% |
| Provisions and deferred taxes | 16 | €2,125 | €2,125 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,125 | €2,125 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,125 | €2,125 | = | 0.0% |
| Amounts payable | 17/49 | €5,596 | €6,338 | +€742 | +13.3% |
| Amounts payable within one year | 42/48 | €5,596 | €6,338 | +€742 | +13.3% |
| Trade debts | 44 | €5,596 | €5,513 | -€83 | -1.5% |
| Suppliers | 440/4 | €5,596 | €5,513 | -€83 | -1.5% |
| Taxes, remuneration and social security | 45 | - | €825 | +€825 | |
| Taxes | 450/3 | - | €825 | +€825 | |
| Other operating charges | 640/8 | €563 | €528 | -€36 | -6.3% |
| Gross operating margin | 9900 | €2,805 | -€2,466 | -€5,271 | |
| Operating profit (loss) | 9901 | €2,242 | -€2,993 | -€5,235 | |
| Financial income | 75/76B | €131,306 | €7,562 | -€123,744 | -94.2% |
| Recurring financial income | 75 | €131,306 | €7,562 | -€123,744 | -94.2% |
| Financial charges | 65/66B | €265 | €45 | -€220 | -83.0% |
| Recurring financial charges | 65 | €265 | €45 | -€220 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €133,282 | €4,523 | -€128,759 | -96.6% |
| Income taxes | 67/77 | - | €936 | +€936 | |
| Profit (loss) for the period | 9904 | €133,282 | €3,587 | -€129,695 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €133,282 | €3,587 | -€129,695 | -97.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.