FORTUNY 34: 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.
FORTUNY 34
Largest movements
- Tangible fixed assets +€37,626
up €37,626 (+117%), from €32,216 to €69,842
of which Assets under construction and advance payments: +€27,482
- Receivables within one year -€17,751
down €17,751 (-57.5%), from €30,853 to €13,102
of which Other amounts receivable: -€29,554
- Deferred charges and accrued income +€1,960
up €1,960 (+24.6%), from €7,980 to €9,940
- Other debts +€88,794
up €88,794 (+98.0%), from €90,636 to €179,430
- Profit (loss) carried forward -€68,538
down €68,538 (-45.5%), from -€150,781 to -€219,319
- Trade debts +€9,868
up €9,868 (+396%), from €2,490 to €12,358
- Tax, wage and social debts -€6,922
down €6,922 (-78.6%), from €8,810 to €1,889
- Gross operating margin -€10,311
down €10,311 (-18.5%), from -€55,689 to -€66,000
- Depreciation -€2,523
down €2,523 (-65.8%), from €3,834 to €1,311
- Financial income -€1,385
down €1,385 (-56.7%), from €2,443 to €1,057
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 | €150,822 | €174,025 | +€23,202 | +15.4% |
| Fixed assets | 21/28 | €48,755 | €86,191 | +€37,435 | +76.8% |
| Intangible fixed assets | 21 | €191 | - | -€191 | |
| Tangible fixed assets | 22/27 | €32,216 | €69,842 | +€37,626 | +117% |
| Furniture and vehicles | 24 | €1,688 | €12,197 | +€10,509 | +623% |
| Other tangible fixed assets | 26 | €11,528 | €11,163 | -€366 | -3.2% |
| Assets under construction and advance payments | 27 | €19,000 | €46,482 | +€27,482 | +145% |
| Financial fixed assets | 28 | €16,349 | €16,349 | = | 0.0% |
| Current assets | 29/58 | €102,067 | €87,834 | -€14,233 | -13.9% |
| Amounts receivable after more than one year | 29 | €30,123 | €30,123 | = | 0.0% |
| Other amounts receivable | 291 | €30,123 | €30,123 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,853 | €13,102 | -€17,751 | -57.5% |
| Trade receivables | 40 | €1,299 | €13,102 | +€11,803 | +909% |
| Other amounts receivable | 41 | €29,554 | - | -€29,554 | |
| Current investments | 50/53 | €53 | €53 | -€0 | -0.5% |
| Cash at bank and in hand | 54/58 | €33,057 | €34,616 | +€1,559 | +4.7% |
| Deferred charges and accrued income | 490/1 | €7,980 | €9,940 | +€1,960 | +24.6% |
| Total equity and liabilities | 10/49 | €150,822 | €174,025 | +€23,202 | +15.4% |
| Equity | 10/15 | €48,886 | -€19,653 | -€68,538 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €187,266 | €187,266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,406 | €185,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,781 | -€219,319 | -€68,538 | -45.5% |
| Amounts payable | 17/49 | €101,937 | €193,677 | +€91,741 | +90.0% |
| Amounts payable within one year | 42/48 | €101,937 | €193,677 | +€91,741 | +90.0% |
| Trade debts | 44 | €2,490 | €12,358 | +€9,868 | +396% |
| Suppliers | 440/4 | €2,490 | €12,358 | +€9,868 | +396% |
| Taxes, remuneration and social security | 45 | €8,810 | €1,889 | -€6,922 | -78.6% |
| Taxes | 450/3 | €8,810 | €1,889 | -€6,922 | -78.6% |
| Other amounts payable | 47/48 | €90,636 | €179,430 | +€88,794 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,834 | €1,311 | -€2,523 | -65.8% |
| Other operating charges | 640/8 | €1,267 | €1,089 | -€178 | -14.0% |
| Gross operating margin | 9900 | -€55,689 | -€66,000 | -€10,311 | -18.5% |
| Operating profit (loss) | 9901 | -€60,790 | -€68,400 | -€7,610 | -12.5% |
| Financial income | 75/76B | €2,443 | €1,057 | -€1,385 | -56.7% |
| Recurring financial income | 75 | €2,443 | €1,057 | -€1,385 | -56.7% |
| Financial charges | 65/66B | €614 | €625 | +€12 | +1.9% |
| Recurring financial charges | 65 | €614 | €625 | +€12 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€58,961 | -€67,968 | -€9,007 | -15.3% |
| Income taxes | 67/77 | €543 | €570 | +€27 | +4.9% |
| Profit (loss) for the period | 9904 | -€59,505 | -€68,538 | -€9,034 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,505 | -€68,538 | -€9,034 | -15.2% |
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 23 October 2026 via checked.be.