FORTUNAS: what changed
FORTUNAS
Largest movements
- Tangible fixed assets -€8,674
down €8,674 (-4.7%), from €184,538 to €175,865
of which Land and buildings: -€13,948
- Cash -€5,224
down €5,224 (-14.8%), from €35,385 to €30,161
mainly Investment in fixed assets (net) (-€42,389) and Debts after one year (-€18,847)
- Stocks and contracts +€4,730
up €4,730 (+5.5%), from €86,010 to €90,740
- Debts after one year -€18,847
down €18,847 (-10.0%), from €188,420 to €169,573
- Current portion of long-term debt +€8,166
up €8,166 (+24.8%), from €32,925 to €41,091
- Trade debts -€5,351
down €5,351 (-13.3%), from €40,179 to €34,827
- Tax, wage and social debts +€3,248
up €3,248 (+13.5%), from €24,059 to €27,306
of which Remuneration and social security: +€2,389
- Profit (loss) carried forward +€3,246
up €3,246 (+331%), from €981 to €4,227
- Gross operating margin +€16,268
up €16,268 (+15.4%), from €105,704 to €121,973
- Staff costs +€5,589
up €5,589 (+13.0%), from €42,916 to €48,506
- Depreciation +€5,407
up €5,407 (+11.8%), from €45,655 to €51,063
- Other operating charges -€1,882
down €1,882 (-23.9%), from €7,858 to €5,976
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,403 | €307,798 | -€9,605 | -3.0% |
| Fixed assets | 21/28 | €184,538 | €175,865 | -€8,674 | -4.7% |
| Tangible fixed assets | 22/27 | €184,538 | €175,865 | -€8,674 | -4.7% |
| Land and buildings | 22 | €135,667 | €121,719 | -€13,948 | -10.3% |
| Plant, machinery and equipment | 23 | - | €2,037 | +€2,037 | |
| Furniture and vehicles | 24 | €48,871 | €52,109 | +€3,238 | +6.6% |
| Current assets | 29/58 | €132,864 | €131,933 | -€931 | -0.7% |
| Stocks and contracts in progress | 3 | €86,010 | €90,740 | +€4,730 | +5.5% |
| Stocks | 30/36 | €86,010 | €90,740 | +€4,730 | +5.5% |
| Amounts receivable within one year | 40/41 | €10,109 | €7,153 | -€2,956 | -29.2% |
| Trade receivables | 40 | €10,109 | €7,153 | -€2,956 | -29.2% |
| Cash at bank and in hand | 54/58 | €35,385 | €30,161 | -€5,224 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,361 | €3,879 | +€2,519 | +185% |
| Total equity and liabilities | 10/49 | €317,403 | €307,798 | -€9,605 | -3.0% |
| Equity | 10/15 | €31,581 | €34,827 | +€3,246 | +10.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,600 | €25,600 | = | 0.0% |
| Distributable reserves | 133 | €25,600 | €25,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €981 | €4,227 | +€3,246 | +331% |
| Amounts payable | 17/49 | €285,822 | €272,971 | -€12,851 | -4.5% |
| Amounts payable after more than one year | 17 | €188,420 | €169,573 | -€18,847 | -10.0% |
| Financial debts | 170/4 | €188,420 | €169,573 | -€18,847 | -10.0% |
| Amounts payable within one year | 42/48 | €97,402 | €103,398 | +€5,996 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €32,925 | €41,091 | +€8,166 | +24.8% |
| Trade debts | 44 | €40,179 | €34,827 | -€5,351 | -13.3% |
| Suppliers | 440/4 | €40,179 | €34,827 | -€5,351 | -13.3% |
| Taxes, remuneration and social security | 45 | €24,059 | €27,306 | +€3,248 | +13.5% |
| Taxes | 450/3 | €21,538 | €22,397 | +€859 | +4.0% |
| Remuneration and social security | 454/9 | €2,520 | €4,909 | +€2,389 | +94.8% |
| Other amounts payable | 47/48 | €239 | €173 | -€66 | -27.8% |
| Remuneration, social security and pensions | 62 | €42,916 | €48,506 | +€5,589 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,655 | €51,063 | +€5,407 | +11.8% |
| Other operating charges | 640/8 | €7,858 | €5,976 | -€1,882 | -23.9% |
| Gross operating margin | 9900 | €105,704 | €121,973 | +€16,268 | +15.4% |
| Operating profit (loss) | 9901 | €9,275 | €16,428 | +€7,153 | +77.1% |
| Financial income | 75/76B | €5 | €391 | +€386 | +7,268% |
| Recurring financial income | 75 | €5 | €391 | +€386 | +7,268% |
| Financial charges | 65/66B | €13,401 | €13,573 | +€172 | +1.3% |
| Recurring financial charges | 65 | €13,401 | €13,573 | +€172 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,121 | €3,246 | +€7,367 | |
| Income taxes | 67/77 | €903 | - | -€903 | |
| Profit (loss) for the period | 9904 | -€5,024 | €3,246 | +€8,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,024 | €3,246 | +€8,271 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.