FORTUNA: 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.
FORTUNA
Largest movements
- Tangible fixed assets -€19,369
down €19,369 (-21.9%), from €88,361 to €68,992
of which Furniture and vehicles: -€26,535
- Receivables within one year +€6,857
up €6,857 (+37.2%), from €18,426 to €25,283
of which Other amounts receivable: +€8,817
- Deferred charges and accrued income -€3,822
down €3,822 (-42.4%), from €9,010 to €5,188
- Current investments +€2,758
up €2,758 (+61.5%), from €4,484 to €7,242
- Debts after one year -€23,245
down €23,245 (-45.0%), from €51,601 to €28,356
- Profit (loss) carried forward +€18,337
new in 2025: €18,337
- Other debts -€14,116
down €14,116 (-98.9%), from €14,268 to €152
- Tax, wage and social debts +€2,262
up €2,262 (+14.4%), from €15,705 to €17,967
- Gross operating margin +€18,401
up €18,401 (+39.9%), from €46,066 to €64,467
- Taxes +€4,318
up €4,318 (+123.6%), from €3,494 to €7,812
- Depreciation +€3,796
up €3,796 (+13.8%), from €27,458 to €31,254
- Financial charges -€2,643
down €2,643 (-31.6%), from €8,349 to €5,707
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 | €157,460 | €142,536 | -€14,924 | -9.5% |
| Fixed assets | 21/28 | €88,361 | €68,992 | -€19,369 | -21.9% |
| Tangible fixed assets | 22/27 | €88,361 | €68,992 | -€19,369 | -21.9% |
| Plant, machinery and equipment | 23 | €8,331 | €4,888 | -€3,443 | -41.3% |
| Furniture and vehicles | 24 | €77,287 | €50,751 | -€26,535 | -34.3% |
| Other tangible fixed assets | 26 | €2,743 | €13,353 | +€10,610 | +386.8% |
| Current assets | 29/58 | €69,099 | €73,544 | +€4,445 | +6.4% |
| Stocks and contracts in progress | 3 | €9,201 | €9,201 | = | 0.0% |
| Stocks | 30/36 | €9,201 | €9,201 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,426 | €25,283 | +€6,857 | +37.2% |
| Trade receivables | 40 | €18,426 | €16,467 | -€1,960 | -10.6% |
| Other amounts receivable | 41 | - | €8,817 | +€8,817 | |
| Current investments | 50/53 | €4,484 | €7,242 | +€2,758 | +61.5% |
| Cash at bank and in hand | 54/58 | €27,977 | €26,629 | -€1,349 | -4.8% |
| Deferred charges and accrued income | 490/1 | €9,010 | €5,188 | -€3,822 | -42.4% |
| Total equity and liabilities | 10/49 | €157,460 | €142,536 | -€14,924 | -9.5% |
| Equity | 10/15 | €52,084 | €70,421 | +€18,337 | +35.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €49,084 | €49,084 | = | 0.0% |
| Distributable reserves | 133 | €49,084 | €49,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,337 | +€18,337 | |
| Amounts payable | 17/49 | €105,376 | €72,115 | -€33,261 | -31.6% |
| Amounts payable after more than one year | 17 | €51,601 | €28,356 | -€23,245 | -45.0% |
| Financial debts | 170/4 | €51,601 | €28,356 | -€23,245 | -45.0% |
| Amounts payable within one year | 42/48 | €53,775 | €43,759 | -€10,016 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €22,309 | €23,245 | +€937 | +4.2% |
| Trade debts | 44 | €1,494 | €2,395 | +€901 | +60.3% |
| Suppliers | 440/4 | €1,494 | €2,395 | +€901 | +60.3% |
| Taxes, remuneration and social security | 45 | €15,705 | €17,967 | +€2,262 | +14.4% |
| Taxes | 450/3 | €15,705 | €17,967 | +€2,262 | +14.4% |
| Other amounts payable | 47/48 | €14,268 | €152 | -€14,116 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,458 | €31,254 | +€3,796 | +13.8% |
| Other operating charges | 640/8 | €1,465 | €1,377 | -€88 | -6.0% |
| Gross operating margin | 9900 | €46,066 | €64,467 | +€18,401 | +39.9% |
| Operating profit (loss) | 9901 | €17,143 | €31,836 | +€14,693 | +85.7% |
| Financial income | 75/76B | €44 | €19 | -€24 | -55.8% |
| Recurring financial income | 75 | €44 | €19 | -€24 | -55.8% |
| Financial charges | 65/66B | €8,349 | €5,707 | -€2,643 | -31.6% |
| Recurring financial charges | 65 | €8,349 | €5,707 | -€2,643 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €8,837 | €26,149 | +€17,311 | +195.9% |
| Income taxes | 67/77 | €3,494 | €7,812 | +€4,318 | +123.6% |
| Profit (loss) for the period | 9904 | €5,344 | €18,337 | +€12,993 | +243.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,344 | €18,337 | +€12,993 | +243.1% |
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.