FUARTE: 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.
FUARTE
Largest movements
- Receivables within one year -€15,620
down €15,620 (-58.8%), from €26,560 to €10,940
of which Trade receivables: -€15,351
- Tangible fixed assets -€6,019
down €6,019 (-7.9%), from €76,269 to €70,250
of which Land and buildings: -€5,132
- Cash +€3,628
up €3,628 (+50.9%), from €7,133 to €10,761
mainly Receivables within one year (+€15,620) and Depreciation (+€15,491)
- Debts after one year -€9,641
down €9,641 (-16.4%), from €58,650 to €49,009
- Trade debts -€4,697
down €4,697 (-80.4%), from €5,839 to €1,142
- Other debts -€3,011
down €3,011 (-19.1%), from €15,741 to €12,730
- Profit (loss) carried forward -€1,275
down €1,275, from €0 to -€1,275
- Gross operating margin -€18,544
down €18,544 (-52.2%), from €35,494 to €16,950
- Depreciation -€13,514
down €13,514 (-46.6%), from €29,006 to €15,491
- Financial income +€2,175
up €2,175 (+1,359,163%), from €0 to €2,175
- Financial charges +€812
up €812 (+30.4%), from €2,675 to €3,487
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 | €111,027 | €93,274 | -€17,752 | -16.0% |
| Formation expenses | 20 | €32 | €0 | -€32 | -100% |
| Fixed assets | 21/28 | €77,301 | €70,967 | -€6,334 | -8.2% |
| Intangible fixed assets | 21 | €602 | €287 | -€315 | -52.3% |
| Tangible fixed assets | 22/27 | €76,269 | €70,250 | -€6,019 | -7.9% |
| Land and buildings | 22 | €30,668 | €25,536 | -€5,132 | -16.7% |
| Plant, machinery and equipment | 23 | €36,930 | €32,895 | -€4,035 | -10.9% |
| Furniture and vehicles | 24 | €8,672 | €11,819 | +€3,147 | +36.3% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €33,693 | €22,307 | -€11,386 | -33.8% |
| Amounts receivable within one year | 40/41 | €26,560 | €10,940 | -€15,620 | -58.8% |
| Trade receivables | 40 | €25,751 | €10,399 | -€15,351 | -59.6% |
| Other amounts receivable | 41 | €809 | €541 | -€268 | -33.1% |
| Cash at bank and in hand | 54/58 | €7,133 | €10,761 | +€3,628 | +50.9% |
| Deferred charges and accrued income | 490/1 | €0 | €606 | +€606 | |
| Total equity and liabilities | 10/49 | €111,027 | €93,274 | -€17,752 | -16.0% |
| Equity | 10/15 | €19,552 | €18,277 | -€1,275 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,352 | €13,352 | = | 0.0% |
| Distributable reserves | 133 | €13,352 | €13,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,275 | -€1,275 | |
| Amounts payable | 17/49 | €91,475 | €74,997 | -€16,478 | -18.0% |
| Amounts payable after more than one year | 17 | €58,650 | €49,009 | -€9,641 | -16.4% |
| Financial debts | 170/4 | €58,650 | €49,009 | -€9,641 | -16.4% |
| Amounts payable within one year | 42/48 | €32,202 | €25,088 | -€7,114 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €9,222 | €9,641 | +€419 | +4.5% |
| Trade debts | 44 | €5,839 | €1,142 | -€4,697 | -80.4% |
| Suppliers | 440/4 | €5,839 | €1,142 | -€4,697 | -80.4% |
| Taxes, remuneration and social security | 45 | €1,401 | €1,575 | +€174 | +12.4% |
| Taxes | 450/3 | €201 | €575 | +€374 | +186% |
| Remuneration and social security | 454/9 | €1,200 | €1,000 | -€200 | -16.7% |
| Other amounts payable | 47/48 | €15,741 | €12,730 | -€3,011 | -19.1% |
| Accrued charges and deferred income | 492/3 | €622 | €900 | +€278 | +44.6% |
| Non-recurring operating income | 76A | €168 | €10,403 | +€10,235 | +6,099% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,006 | €15,491 | -€13,514 | -46.6% |
| Other operating charges | 640/8 | €627 | €784 | +€157 | +25.1% |
| Non-recurring operating charges | 66A | - | €62 | +€62 | |
| Gross operating margin | 9900 | €35,494 | €16,950 | -€18,544 | -52.2% |
| Operating profit (loss) | 9901 | €5,862 | €613 | -€5,249 | -89.5% |
| Financial income | 75/76B | €0 | €2,175 | +€2,175 | +1,359,163% |
| Recurring financial income | 75 | €0 | €2,175 | +€2,175 | +1,359,163% |
| Financial charges | 65/66B | €2,675 | €3,487 | +€812 | +30.4% |
| Recurring financial charges | 65 | €2,675 | €3,487 | +€812 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €3,187 | -€700 | -€3,887 | |
| Income taxes | 67/77 | €301 | €575 | +€274 | +91.2% |
| Profit (loss) for the period | 9904 | €2,886 | -€1,275 | -€4,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,886 | -€1,275 | -€4,161 |
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 17 October 2026 via checked.be.