FORTUNA STAS: 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 STAS
Largest movements
- Cash -€102,996
down €102,996 (-69.3%), from €148,540 to €45,544
mainly Investment in fixed assets (net) (-€74,492) and Contributions, distributions and other (-€51,000)
- Tangible fixed assets +€47,937
up €47,937 (+52.6%), from €91,107 to €139,045
of which Plant, machinery and equipment: +€61,018
- Stocks and contracts +€25,516
up €25,516 (+60.5%), from €42,153 to €67,669
- Other debts +€51,000
new in 2025: €51,000
- Profit (loss) carried forward -€40,210
down €40,210 (-98.8%), from €40,699 to €489
- Debts after one year -€23,240
down €23,240 (-20.4%), from €113,789 to €90,548
- Trade debts -€16,746
down €16,746 (-31.3%), from €53,443 to €36,697
- Tax, wage and social debts +€3,911
up €3,911 (+22.0%), from €17,754 to €21,665
of which Remuneration and social security: +€5,059
- Gross operating margin -€17,541
down €17,541 (-13.3%), from €131,807 to €114,265
- Taxes -€12,893
down €12,893 (-94.3%), from €13,666 to €773
- Staff costs +€11,055
up €11,055 (+24.5%), from €45,041 to €56,096
- Depreciation +€2,828
up €2,828 (+11.8%), from €23,888 to €26,716
- Other operating charges -€2,017
down €2,017 (-33.9%), from €5,950 to €3,933
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 | €293,847 | €267,426 | -€26,421 | -9.0% |
| Fixed assets | 21/28 | €92,946 | €140,722 | +€47,776 | +51.4% |
| Tangible fixed assets | 22/27 | €91,107 | €139,045 | +€47,937 | +52.6% |
| Plant, machinery and equipment | 23 | €48,601 | €109,620 | +€61,018 | +126% |
| Furniture and vehicles | 24 | €1,387 | €500 | -€887 | -63.9% |
| Leasing and similar rights | 25 | €35,953 | €22,299 | -€13,654 | -38.0% |
| Other tangible fixed assets | 26 | €5,165 | €6,626 | +€1,460 | +28.3% |
| Financial fixed assets | 28 | €1,839 | €1,678 | -€161 | -8.8% |
| Current assets | 29/58 | €200,901 | €126,703 | -€74,197 | -36.9% |
| Stocks and contracts in progress | 3 | €42,153 | €67,669 | +€25,516 | +60.5% |
| Stocks | 30/36 | €42,153 | €67,669 | +€25,516 | +60.5% |
| Amounts receivable within one year | 40/41 | €7,641 | €10,498 | +€2,857 | +37.4% |
| Trade receivables | 40 | €6,365 | €5,256 | -€1,108 | -17.4% |
| Other amounts receivable | 41 | €1,276 | €5,241 | +€3,966 | +311% |
| Cash at bank and in hand | 54/58 | €148,540 | €45,544 | -€102,996 | -69.3% |
| Deferred charges and accrued income | 490/1 | €2,567 | €2,992 | +€425 | +16.6% |
| Total equity and liabilities | 10/49 | €293,847 | €267,426 | -€26,421 | -9.0% |
| Equity | 10/15 | €81,699 | €41,489 | -€40,210 | -49.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,699 | €489 | -€40,210 | -98.8% |
| Amounts payable | 17/49 | €212,148 | €225,937 | +€13,789 | +6.5% |
| Amounts payable after more than one year | 17 | €113,789 | €90,548 | -€23,240 | -20.4% |
| Financial debts | 170/4 | €113,789 | €90,548 | -€23,240 | -20.4% |
| Amounts payable within one year | 42/48 | €98,359 | €135,388 | +€37,029 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €27,162 | €26,026 | -€1,136 | -4.2% |
| Trade debts | 44 | €53,443 | €36,697 | -€16,746 | -31.3% |
| Suppliers | 440/4 | €53,443 | €36,697 | -€16,746 | -31.3% |
| Taxes, remuneration and social security | 45 | €17,754 | €21,665 | +€3,911 | +22.0% |
| Taxes | 450/3 | €7,666 | €6,517 | -€1,148 | -15.0% |
| Remuneration and social security | 454/9 | €10,089 | €15,148 | +€5,059 | +50.1% |
| Other amounts payable | 47/48 | - | €51,000 | +€51,000 | |
| Non-recurring operating income | 76A | - | €338 | +€338 | |
| Remuneration, social security and pensions | 62 | €45,041 | €56,096 | +€11,055 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,888 | €26,716 | +€2,828 | +11.8% |
| Other operating charges | 640/8 | €5,950 | €3,933 | -€2,017 | -33.9% |
| Non-recurring operating charges | 66A | €342 | €10,336 | +€9,993 | +2,920% |
| Gross operating margin | 9900 | €131,807 | €114,265 | -€17,541 | -13.3% |
| Operating profit (loss) | 9901 | €56,586 | €17,185 | -€39,401 | -69.6% |
| Financial income | 75/76B | €1,431 | €47 | -€1,384 | -96.7% |
| Recurring financial income | 75 | €1,431 | €47 | -€1,384 | -96.7% |
| Financial charges | 65/66B | €4,343 | €5,669 | +€1,326 | +30.5% |
| Recurring financial charges | 65 | €4,343 | €5,669 | +€1,326 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €53,674 | €11,563 | -€42,111 | -78.5% |
| Income taxes | 67/77 | €13,666 | €773 | -€12,893 | -94.3% |
| Profit (loss) for the period | 9904 | €40,008 | €10,790 | -€29,218 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,008 | €10,790 | -€29,218 | -73.0% |
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 20 October 2026 via checked.be.