FORTUNA Group: 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.
FORTUNA Group
Largest movements
- Cash -€99,319
down €99,319 (-32.6%), from €304,488 to €205,169
mainly Debts after one year (-€214,645) and Investment in fixed assets (net) (-€35,511)
- Tangible fixed assets -€48,924
down €48,924 (-3.9%), from €1.3m to €1.2m
of which Land and buildings: -€73,342
- Debts after one year -€214,645
down €214,645 (-16.3%), from €1.3m to €1.1m
of which Financial debts: -€214,645
- Profit (loss) carried forward +€45,750
up €45,750 (+44.8%), from €102,156 to €147,907
- Tax, wage and social debts +€18,924
up €18,924 (+223%), from €8,494 to €27,419
of which Taxes: +€17,697
- Gross operating margin +€86,004
up €86,004 (+55.5%), from €154,830 to €240,834
- Taxes +€17,027
up €17,027 (+1,029%), from €1,655 to €18,682
- Depreciation +€13,588
up €13,588 (+19.2%), from €70,847 to €84,435
- Other operating charges +€11,144
up €11,144 (+86.5%), from €12,882 to €24,027
- Financial charges +€10,100
up €10,100 (+58.3%), from €17,318 to €27,418
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 | €1,591,260 | €1,451,559 | -€139,701 | -8.8% |
| Fixed assets | 21/28 | €1,265,964 | €1,217,040 | -€48,924 | -3.9% |
| Tangible fixed assets | 22/27 | €1,265,964 | €1,217,040 | -€48,924 | -3.9% |
| Land and buildings | 22 | €1,255,740 | €1,182,398 | -€73,342 | -5.8% |
| Furniture and vehicles | 24 | €10,224 | €34,642 | +€24,418 | +239% |
| Current assets | 29/58 | €325,296 | €234,519 | -€90,777 | -27.9% |
| Amounts receivable within one year | 40/41 | €19,722 | €28,255 | +€8,533 | +43.3% |
| Trade receivables | 40 | €19,716 | €26,513 | +€6,796 | +34.5% |
| Other amounts receivable | 41 | €6 | €1,742 | +€1,736 | +29,376% |
| Cash at bank and in hand | 54/58 | €304,488 | €205,169 | -€99,319 | -32.6% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,095 | +€9 | +0.8% |
| Total equity and liabilities | 10/49 | €1,591,260 | €1,451,559 | -€139,701 | -8.8% |
| Equity | 10/15 | €120,756 | €166,507 | +€45,750 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,156 | €147,907 | +€45,750 | +44.8% |
| Amounts payable | 17/49 | €1,470,504 | €1,285,052 | -€185,452 | -12.6% |
| Amounts payable after more than one year | 17 | €1,313,880 | €1,099,235 | -€214,645 | -16.3% |
| Financial debts | 170/4 | €1,312,760 | €1,098,115 | -€214,645 | -16.4% |
| Other amounts payable | 178/9 | €1,120 | €1,120 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,624 | €170,867 | +€14,243 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €58,757 | €54,581 | -€4,177 | -7.1% |
| Trade debts | 44 | €12,708 | €15,139 | +€2,431 | +19.1% |
| Suppliers | 440/4 | €12,708 | €15,139 | +€2,431 | +19.1% |
| Taxes, remuneration and social security | 45 | €8,494 | €27,419 | +€18,924 | +223% |
| Taxes | 450/3 | €4,543 | €22,240 | +€17,697 | +390% |
| Remuneration and social security | 454/9 | €3,952 | €5,179 | +€1,227 | +31.0% |
| Other amounts payable | 47/48 | €76,664 | €73,729 | -€2,935 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €14,950 | +€14,950 | |
| Remuneration, social security and pensions | 62 | €40,887 | €42,606 | +€1,720 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,847 | €84,435 | +€13,588 | +19.2% |
| Other operating charges | 640/8 | €12,882 | €24,027 | +€11,144 | +86.5% |
| Gross operating margin | 9900 | €154,830 | €240,834 | +€86,004 | +55.5% |
| Operating profit (loss) | 9901 | €30,214 | €89,767 | +€59,552 | +197% |
| Financial income | 75/76B | €1,823 | €2,084 | +€261 | +14.3% |
| Recurring financial income | 75 | €1,823 | €2,084 | +€261 | +14.3% |
| Financial charges | 65/66B | €17,318 | €27,418 | +€10,100 | +58.3% |
| Recurring financial charges | 65 | €17,318 | €27,418 | +€10,100 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €14,720 | €64,433 | +€49,713 | +338% |
| Income taxes | 67/77 | €1,655 | €18,682 | +€17,027 | +1,029% |
| Profit (loss) for the period | 9904 | €13,065 | €45,750 | +€32,686 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €13,065 | €45,750 | +€32,686 | +250% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.