FORTUIN4: 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.
FORTUIN4
Largest movements
- Tangible fixed assets -€73,343
down €73,343 (-10.4%), from €707,664 to €634,321
of which Leasing and similar rights: -€37,484
- Receivables within one year +€68,324
up €68,324 (+642.0%), from €10,643 to €78,967
of which Trade receivables: +€68,324
- Cash -€21,975
down €21,975 (-43.4%), from €50,648 to €28,674
mainly Net result for the year (-€71,420) and Receivables within one year (-€68,324)
- Other debts +€96,516
up €96,516 (+340.8%), from €28,319 to €124,835
- Profit (loss) carried forward -€71,420
down €71,420 (-922.6%), from -€7,741 to -€79,161
- Tax, wage and social debts -€27,512
down €27,512 (-63.2%), from €43,525 to €16,013
of which Taxes: -€13,932
- Current portion of long-term debt -€20,885
down €20,885 (-15.6%), from €133,589 to €112,704
- Debts after one year -€19,769
down €19,769 (-3.9%), from €501,729 to €481,960
- Gross operating margin -€62,742
down €62,742 (-8.7%), from €721,425 to €658,683
- Staff costs +€30,984
up €30,984 (+5.7%), from €539,556 to €570,541
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 | €856,921 | €816,833 | -€40,088 | -4.7% |
| Formation expenses | 20 | €13,100 | €6,550 | -€6,550 | -50.0% |
| Fixed assets | 21/28 | €748,343 | €667,737 | -€80,606 | -10.8% |
| Intangible fixed assets | 21 | €19,679 | €12,416 | -€7,263 | -36.9% |
| Tangible fixed assets | 22/27 | €707,664 | €634,321 | -€73,343 | -10.4% |
| Plant, machinery and equipment | 23 | €130,207 | €130,211 | +€4 | 0.0% |
| Furniture and vehicles | 24 | €83,541 | €72,806 | -€10,736 | -12.9% |
| Leasing and similar rights | 25 | €54,289 | €16,804 | -€37,484 | -69.0% |
| Other tangible fixed assets | 26 | €439,627 | €414,500 | -€25,127 | -5.7% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €95,478 | €142,546 | +€47,068 | +49.3% |
| Stocks and contracts in progress | 3 | €31,601 | €34,906 | +€3,305 | +10.5% |
| Stocks | 30/36 | €31,601 | €34,906 | +€3,305 | +10.5% |
| Amounts receivable within one year | 40/41 | €10,643 | €78,967 | +€68,324 | +642.0% |
| Trade receivables | 40 | €10,212 | €78,536 | +€68,324 | +669.1% |
| Other amounts receivable | 41 | €431 | €431 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,648 | €28,674 | -€21,975 | -43.4% |
| Deferred charges and accrued income | 490/1 | €2,586 | €0 | -€2,586 | -100.0% |
| Total equity and liabilities | 10/49 | €856,921 | €816,833 | -€40,088 | -4.7% |
| Equity | 10/15 | €62,809 | -€8,610 | -€71,420 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,951 | €51,951 | = | 0.0% |
| Distributable reserves | 133 | €51,951 | €51,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,741 | -€79,161 | -€71,420 | -922.6% |
| Amounts payable | 17/49 | €794,112 | €825,444 | +€31,332 | +3.9% |
| Amounts payable after more than one year | 17 | €501,729 | €481,960 | -€19,769 | -3.9% |
| Financial debts | 170/4 | €501,729 | €481,960 | -€19,769 | -3.9% |
| Amounts payable within one year | 42/48 | €288,815 | €343,484 | +€54,669 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €133,589 | €112,704 | -€20,885 | -15.6% |
| Trade debts | 44 | €83,382 | €89,932 | +€6,550 | +7.9% |
| Suppliers | 440/4 | €83,382 | €89,932 | +€6,550 | +7.9% |
| Taxes, remuneration and social security | 45 | €43,525 | €16,013 | -€27,512 | -63.2% |
| Taxes | 450/3 | €25,738 | €11,806 | -€13,932 | -54.1% |
| Remuneration and social security | 454/9 | €17,787 | €4,207 | -€13,580 | -76.3% |
| Other amounts payable | 47/48 | €28,319 | €124,835 | +€96,516 | +340.8% |
| Accrued charges and deferred income | 492/3 | €3,569 | €0 | -€3,569 | -100.0% |
| Remuneration, social security and pensions | 62 | €539,556 | €570,541 | +€30,984 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,913 | €135,189 | +€1,276 | +1.0% |
| Other operating charges | 640/8 | €3,094 | €2,109 | -€984 | -31.8% |
| Gross operating margin | 9900 | €721,425 | €658,683 | -€62,742 | -8.7% |
| Operating profit (loss) | 9901 | €44,862 | -€49,156 | -€94,018 | |
| Financial income | 75/76B | €0 | €1,789 | +€1,789 | |
| Recurring financial income | 75 | €0 | €1,789 | +€1,789 | |
| Financial charges | 65/66B | €30,278 | €23,459 | -€6,819 | -22.5% |
| Recurring financial charges | 65 | €30,278 | €23,459 | -€6,819 | -22.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €14,584 | -€70,826 | -€85,410 | |
| Income taxes | 67/77 | €1,326 | €594 | -€732 | -55.2% |
| Profit (loss) for the period | 9904 | €13,258 | -€71,420 | -€84,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,258 | -€71,420 | -€84,678 |
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 8 October 2026 via checked.be.