FORTUNA MARIA: 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 MARIA
Largest movements
- Receivables within one year -€66,259
down €66,259 (-40.9%), from €162,005 to €95,746
of which Other amounts receivable: -€49,306
- Cash -€32,283
down €32,283 (-25.4%), from €127,211 to €94,927
mainly Contributions, distributions and other (-€89,841) and Tax, wage and social debts (-€21,427)
- Reserves -€56,579
down €56,579 (-27.6%), from €204,813 to €148,234
of which Distributable reserves: -€56,579
- Tax, wage and social debts -€21,427
down €21,427 (-39.1%), from €54,737 to €33,310
of which Taxes: -€23,070
- Contributions -€16,000
down €16,000 (-86.0%), from €18,600 to €2,600
- Trade debts -€13,902
down €13,902 (-66.1%), from €21,032 to €7,130
- Accrued charges and deferred income +€5,115
new in 2025: €5,115
- Gross operating margin -€118,161
down €118,161 (-59.8%), from €197,642 to €79,480
- Taxes -€46,859
down €46,859 (-86.5%), from €54,158 to €7,299
- Staff costs +€46,710
up €46,710 (+671%), from €6,963 to €53,674
- Financial charges -€8,163
down €8,163 (-75.6%), from €10,791 to €2,628
- Financial income +€2,616
up €2,616 (+54.6%), from €4,788 to €7,404
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 | €299,182 | €199,269 | -€99,913 | -33.4% |
| Fixed assets | 21/28 | €5,245 | €6,371 | +€1,126 | +21.5% |
| Tangible fixed assets | 22/27 | €5,245 | €6,371 | +€1,126 | +21.5% |
| Plant, machinery and equipment | 23 | €5,245 | €4,289 | -€956 | -18.2% |
| Furniture and vehicles | 24 | - | €2,082 | +€2,082 | |
| Current assets | 29/58 | €293,937 | €192,899 | -€101,038 | -34.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €162,005 | €95,746 | -€66,259 | -40.9% |
| Trade receivables | 40 | €21,622 | €4,669 | -€16,953 | -78.4% |
| Other amounts receivable | 41 | €140,383 | €91,077 | -€49,306 | -35.1% |
| Cash at bank and in hand | 54/58 | €127,211 | €94,927 | -€32,283 | -25.4% |
| Deferred charges and accrued income | 490/1 | €4,471 | €1,975 | -€2,496 | -55.8% |
| Total equity and liabilities | 10/49 | €299,182 | €199,269 | -€99,913 | -33.4% |
| Equity | 10/15 | €223,413 | €150,834 | -€72,579 | -32.5% |
| Contributions | 10/11 | €18,600 | €2,600 | -€16,000 | -86.0% |
| Reserves | 13 | €204,813 | €148,234 | -€56,579 | -27.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €204,813 | €148,234 | -€56,579 | -27.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €75,769 | €48,436 | -€27,334 | -36.1% |
| Amounts payable within one year | 42/48 | €75,769 | €43,320 | -€32,449 | -42.8% |
| Trade debts | 44 | €21,032 | €7,130 | -€13,902 | -66.1% |
| Suppliers | 440/4 | €21,032 | €7,130 | -€13,902 | -66.1% |
| Advances received on contracts in progress | 46 | - | €2,770 | +€2,770 | |
| Taxes, remuneration and social security | 45 | €54,737 | €33,310 | -€21,427 | -39.1% |
| Taxes | 450/3 | €54,737 | €31,667 | -€23,070 | -42.1% |
| Remuneration and social security | 454/9 | €0 | €1,643 | +€1,643 | |
| Other amounts payable | 47/48 | €0 | €110 | +€110 | |
| Accrued charges and deferred income | 492/3 | - | €5,115 | +€5,115 | |
| Non-recurring operating income | 76A | - | €1,538 | +€1,538 | |
| Remuneration, social security and pensions | 62 | €6,963 | €53,674 | +€46,710 | +671% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €2,739 | +€1,235 | +82.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €637 | €2,467 | +€1,830 | +287% |
| Non-recurring operating charges | 66A | - | €815 | +€815 | |
| Gross operating margin | 9900 | €197,642 | €79,480 | -€118,161 | -59.8% |
| Operating profit (loss) | 9901 | €188,537 | €19,785 | -€168,752 | -89.5% |
| Financial income | 75/76B | €4,788 | €7,404 | +€2,616 | +54.6% |
| Recurring financial income | 75 | €4,788 | €7,404 | +€2,616 | +54.6% |
| Financial charges | 65/66B | €10,791 | €2,628 | -€8,163 | -75.6% |
| Recurring financial charges | 65 | €10,791 | €2,628 | -€8,163 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | €182,533 | €24,561 | -€157,973 | -86.5% |
| Income taxes | 67/77 | €54,158 | €7,299 | -€46,859 | -86.5% |
| Profit (loss) for the period | 9904 | €128,376 | €17,262 | -€111,114 | -86.6% |
| Transfer from tax-exempt reserves | 789 | €3,732 | €0 | -€3,732 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €132,108 | €17,262 | -€114,846 | -86.9% |
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 26 October 2026 via checked.be.