Fortune & Glory: 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 & Glory
Largest movements
- Cash -€13,249
down €13,249 (-49.6%), from €26,733 to €13,484
mainly Investment in fixed assets (net) (-€18,346) and Tax, wage and social debts (-€16,052)
- Reserves +€19,631
up €19,631 (+37.7%), from €52,075 to €71,707
- Tax, wage and social debts -€16,052
down €16,052 (-61.4%), from €26,164 to €10,112
of which Taxes: -€11,232
- Other debts -€11,243
down €11,243 (-99.4%), from €11,306 to €64
- Gross operating margin -€29,583
down €29,583 (-33.6%), from €88,078 to €58,495
- Taxes -€8,548
down €8,548 (-54.5%), from €15,681 to €7,134
- Financial charges +€5,714
up €5,714 (+56.1%), from €10,192 to €15,907
- Depreciation +€5,153
up €5,153 (+57.2%), from €9,015 to €14,167
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 | €438,370 | €430,565 | -€7,804 | -1.8% |
| Fixed assets | 21/28 | €410,863 | €415,042 | +€4,179 | +1.0% |
| Tangible fixed assets | 22/27 | €410,863 | €415,042 | +€4,179 | +1.0% |
| Land and buildings | 22 | €405,335 | €395,723 | -€9,612 | -2.4% |
| Plant, machinery and equipment | 23 | €5,528 | €19,319 | +€13,792 | +249% |
| Current assets | 29/58 | €27,507 | €15,523 | -€11,983 | -43.6% |
| Amounts receivable within one year | 40/41 | €579 | €1,041 | +€463 | +80.0% |
| Trade receivables | 40 | €579 | €255 | -€323 | -55.9% |
| Other amounts receivable | 41 | - | €786 | +€786 | |
| Cash at bank and in hand | 54/58 | €26,733 | €13,484 | -€13,249 | -49.6% |
| Deferred charges and accrued income | 490/1 | €195 | €998 | +€803 | +412% |
| Total equity and liabilities | 10/49 | €438,370 | €430,565 | -€7,804 | -1.8% |
| Equity | 10/15 | €55,075 | €74,707 | +€19,631 | +35.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,075 | €71,707 | +€19,631 | +37.7% |
| Distributable reserves | 133 | €52,075 | €71,707 | +€19,631 | +37.7% |
| Amounts payable | 17/49 | €383,294 | €355,859 | -€27,436 | -7.2% |
| Amounts payable after more than one year | 17 | €329,052 | €325,668 | -€3,385 | -1.0% |
| Financial debts | 170/4 | €329,052 | €325,668 | -€3,385 | -1.0% |
| Amounts payable within one year | 42/48 | €54,242 | €30,191 | -€24,051 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €14,365 | €17,675 | +€3,310 | +23.0% |
| Trade debts | 44 | €1,707 | €2,031 | +€324 | +19.0% |
| Suppliers | 440/4 | €1,707 | €2,031 | +€324 | +19.0% |
| Advances received on contracts in progress | 46 | €700 | €309 | -€391 | -55.9% |
| Taxes, remuneration and social security | 45 | €26,164 | €10,112 | -€16,052 | -61.4% |
| Taxes | 450/3 | €21,344 | €10,112 | -€11,232 | -52.6% |
| Remuneration and social security | 454/9 | €4,820 | - | -€4,820 | |
| Other amounts payable | 47/48 | €11,306 | €64 | -€11,243 | -99.4% |
| Non-recurring operating income | 76A | - | €4,995 | +€4,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,015 | €14,167 | +€5,153 | +57.2% |
| Other operating charges | 640/8 | €1,115 | €1,758 | +€644 | +57.8% |
| Gross operating margin | 9900 | €88,078 | €58,495 | -€29,583 | -33.6% |
| Operating profit (loss) | 9901 | €77,949 | €42,569 | -€35,380 | -45.4% |
| Financial income | 75/76B | €0 | €103 | +€102 | +102,440% |
| Recurring financial income | 75 | €0 | €103 | +€102 | +102,440% |
| Financial charges | 65/66B | €10,192 | €15,907 | +€5,714 | +56.1% |
| Recurring financial charges | 65 | €10,192 | €15,907 | +€5,714 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €67,757 | €26,765 | -€40,992 | -60.5% |
| Income taxes | 67/77 | €15,681 | €7,134 | -€8,548 | -54.5% |
| Profit (loss) for the period | 9904 | €52,075 | €19,631 | -€32,444 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,075 | €19,631 | -€32,444 | -62.3% |
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 18 October 2026 via checked.be.