FORTYONE: 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.
FORTYONE
Largest movements
- Tangible fixed assets -€6,902
down €6,902 (-26.6%), from €25,961 to €19,058
of which Other tangible fixed assets: -€3,531
- Intangible fixed assets -€4,696
down €4,696 (-100.0%), from €4,696 to €0
- Cash -€329
down €329 (-89.9%), from €366 to €37
mainly Net result for the year (-€13,421) and Current portion of long-term debt (-€4,950)
- Profit (loss) carried forward -€13,421
down €13,421 (-20.7%), from -€64,973 to -€78,394
- Other debts +€7,800
up €7,800 (+11.2%), from €69,816 to €77,616
- Current portion of long-term debt -€4,950
down €4,950 (-91.4%), from €5,415 to €466
- Tax, wage and social debts -€1,141
down €1,141 (-100.0%), from €1,141 to €0
- Debts after one year -€466
down €466 (-100.0%), from €466 to €0
- Gross operating margin +€2,975
up €2,975 (+79.0%), from -€3,765 to -€790
- Depreciation -€586
down €586 (-4.8%), from €12,184 to €11,598
- Financial charges -€314
down €314 (-55.5%), from €565 to €251
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 | €31,052 | €19,182 | -€11,870 | -38.2% |
| Fixed assets | 21/28 | €30,656 | €19,058 | -€11,598 | -37.8% |
| Intangible fixed assets | 21 | €4,696 | €0 | -€4,696 | -100.0% |
| Tangible fixed assets | 22/27 | €25,961 | €19,058 | -€6,902 | -26.6% |
| Plant, machinery and equipment | 23 | €5,458 | €3,556 | -€1,901 | -34.8% |
| Furniture and vehicles | 24 | €2,425 | €955 | -€1,470 | -60.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €18,078 | €14,547 | -€3,531 | -19.5% |
| Current assets | 29/58 | €396 | €124 | -€272 | -68.7% |
| Amounts receivable within one year | 40/41 | €0 | €87 | +€87 | |
| Other amounts receivable | 41 | €0 | €87 | +€87 | |
| Cash at bank and in hand | 54/58 | €366 | €37 | -€329 | -89.9% |
| Deferred charges and accrued income | 490/1 | €30 | €0 | -€30 | -100.0% |
| Total equity and liabilities | 10/49 | €31,052 | €19,182 | -€11,870 | -38.2% |
| Equity | 10/15 | -€46,056 | -€59,477 | -€13,421 | -29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317 | €317 | = | 0.0% |
| Tax-exempt reserves | 132 | €317 | €317 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,973 | -€78,394 | -€13,421 | -20.7% |
| Amounts payable | 17/49 | €77,108 | €78,659 | +€1,551 | +2.0% |
| Amounts payable after more than one year | 17 | €466 | €0 | -€466 | -100.0% |
| Financial debts | 170/4 | €466 | €0 | -€466 | -100.0% |
| Amounts payable within one year | 42/48 | €76,643 | €78,504 | +€1,861 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €5,415 | €466 | -€4,950 | -91.4% |
| Trade debts | 44 | €270 | €422 | +€152 | +56.4% |
| Suppliers | 440/4 | €270 | €422 | +€152 | +56.4% |
| Taxes, remuneration and social security | 45 | €1,141 | €0 | -€1,141 | -100.0% |
| Taxes | 450/3 | €1,141 | €0 | -€1,141 | -100.0% |
| Other amounts payable | 47/48 | €69,816 | €77,616 | +€7,800 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €155 | +€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,184 | €11,598 | -€586 | -4.8% |
| Other operating charges | 640/8 | €767 | €782 | +€14 | +1.9% |
| Non-recurring operating charges | 66A | €17,332 | €0 | -€17,332 | -100.0% |
| Gross operating margin | 9900 | -€3,765 | -€790 | +€2,975 | +79.0% |
| Operating profit (loss) | 9901 | -€34,048 | -€13,170 | +€20,878 | +61.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €565 | €251 | -€314 | -55.5% |
| Recurring financial charges | 65 | €565 | €251 | -€314 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,613 | -€13,421 | +€21,192 | +61.2% |
| Profit (loss) for the period | 9904 | -€34,613 | -€13,421 | +€21,192 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,613 | -€13,421 | +€21,192 | +61.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.