FORTUNE: 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.
FORTUNE
Largest movements
- Tangible fixed assets +€71,308
up €71,308 (+150.1%), from €47,500 to €118,808
of which Furniture and vehicles: +€81,308
- Cash +€14,646
up €14,646 (+49.6%), from €29,550 to €44,196
mainly Debts after one year (+€55,867) and Depreciation (+€20,739)
- Receivables within one year +€2,704
up €2,704 (+78.9%), from €3,425 to €6,129
of which Other amounts receivable: +€2,709
- Debts after one year +€55,867
new in 2025: €55,867
- Current portion of long-term debt +€14,870
new in 2025: €14,870
- Reserves +€10,506
new in 2025: €10,506
- Tax, wage and social debts +€4,696
up €4,696 (+82.0%), from €5,729 to €10,425
- Trade debts +€2,138
up €2,138 (+266.6%), from €802 to €2,940
- Gross operating margin +€12,937
up €12,937 (+38.6%), from €33,502 to €46,439
- Depreciation +€10,336
up €10,336 (+99.4%), from €10,403 to €20,739
- Other operating charges +€7,300
up €7,300 (+826.7%), from €883 to €8,183
- Financial charges +€1,135
up €1,135 (+408.3%), from €278 to €1,413
- Taxes +€827
up €827 (+17.2%), from €4,799 to €5,626
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 | €83,393 | €171,417 | +€88,024 | +105.6% |
| Fixed assets | 21/28 | €47,500 | €118,808 | +€71,308 | +150.1% |
| Tangible fixed assets | 22/27 | €47,500 | €118,808 | +€71,308 | +150.1% |
| Plant, machinery and equipment | 23 | €47,500 | €37,500 | -€10,000 | -21.1% |
| Furniture and vehicles | 24 | - | €81,308 | +€81,308 | |
| Current assets | 29/58 | €35,893 | €52,609 | +€16,716 | +46.6% |
| Stocks and contracts in progress | 3 | €1,418 | €784 | -€634 | -44.7% |
| Stocks | 30/36 | €1,418 | €784 | -€634 | -44.7% |
| Amounts receivable within one year | 40/41 | €3,425 | €6,129 | +€2,704 | +78.9% |
| Trade receivables | 40 | €3,425 | €3,420 | -€5 | -0.1% |
| Other amounts receivable | 41 | - | €2,709 | +€2,709 | |
| Cash at bank and in hand | 54/58 | €29,550 | €44,196 | +€14,646 | +49.6% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €83,393 | €171,417 | +€88,024 | +105.6% |
| Equity | 10/15 | €46,676 | €57,182 | +€10,506 | +22.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €10,506 | +€10,506 | |
| Distributable reserves | 133 | - | €10,506 | +€10,506 | |
| Profit (loss) carried forward | 14 | €36,676 | €36,676 | = | 0.0% |
| Amounts payable | 17/49 | €36,717 | €114,235 | +€77,518 | +211.1% |
| Amounts payable after more than one year | 17 | - | €55,867 | +€55,867 | |
| Financial debts | 170/4 | - | €55,867 | +€55,867 | |
| Amounts payable within one year | 42/48 | €36,717 | €58,368 | +€21,651 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | - | €14,870 | +€14,870 | |
| Trade debts | 44 | €802 | €2,940 | +€2,138 | +266.6% |
| Suppliers | 440/4 | €802 | €2,940 | +€2,138 | +266.6% |
| Taxes, remuneration and social security | 45 | €5,729 | €10,425 | +€4,696 | +82.0% |
| Taxes | 450/3 | €5,729 | €10,425 | +€4,696 | +82.0% |
| Other amounts payable | 47/48 | €30,186 | €30,133 | -€53 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,403 | €20,739 | +€10,336 | +99.4% |
| Other operating charges | 640/8 | €883 | €8,183 | +€7,300 | +826.7% |
| Gross operating margin | 9900 | €33,502 | €46,439 | +€12,937 | +38.6% |
| Operating profit (loss) | 9901 | €22,216 | €17,517 | -€4,699 | -21.2% |
| Financial income | 75/76B | €75 | €28 | -€47 | -62.7% |
| Recurring financial income | 75 | €75 | €28 | -€47 | -62.7% |
| Financial charges | 65/66B | €278 | €1,413 | +€1,135 | +408.3% |
| Recurring financial charges | 65 | €278 | €1,413 | +€1,135 | +408.3% |
| Profit (loss) for the period before taxes | 9903 | €22,013 | €16,132 | -€5,881 | -26.7% |
| Income taxes | 67/77 | €4,799 | €5,626 | +€827 | +17.2% |
| Profit (loss) for the period | 9904 | €17,214 | €10,506 | -€6,708 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,214 | €10,506 | -€6,708 | -39.0% |
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 11 October 2026 via checked.be.