FUERTE: 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.
FUERTE
Largest movements
- Financial fixed assets +€27,500
up €27,500 (+11000.0%), from €250 to €27,750
- Cash -€7,500
down €7,500 (-67.6%), from €11,096 to €3,596
mainly Investment in fixed assets (net) (-€28,055) and Receivables within one year (-€5,666)
- Receivables within one year +€5,666
up €5,666 (+356.9%), from €1,588 to €7,254
of which Trade receivables: +€7,254
- Stocks and contracts -€1,198
no longer reported in 2025 (was €1,198)
- Current portion of long-term debt +€15,000
new in 2025: €15,000
- Tax, wage and social debts +€6,036
up €6,036 (+280.6%), from €2,151 to €8,187
of which Taxes: +€3,876
- Trade debts +€1,326
new in 2025: €1,326
- Profit (loss) carried forward +€1,127
up €1,127 (+3.9%), from -€28,937 to -€27,810
- Other debts +€593
up €593 (+3.2%), from €18,565 to €19,157
- Gross operating margin -€1,758
down €1,758 (-20.1%), from €8,746 to €6,988
- Financial charges +€1,472
up €1,472 (+3769.3%), from €39 to €1,511
- Write-downs +€1,198
new in 2025: €1,198
- Taxes -€866
down €866 (-38.7%), from €2,237 to €1,371
- Depreciation +€682
up €682 (+264.5%), from €258 to €940
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 | €16,568 | €40,650 | +€24,082 | +145.4% |
| Fixed assets | 21/28 | €2,687 | €29,801 | +€27,114 | +1009.3% |
| Tangible fixed assets | 22/27 | €2,437 | €2,051 | -€386 | -15.8% |
| Plant, machinery and equipment | 23 | €712 | €567 | -€145 | -20.3% |
| Furniture and vehicles | 24 | €1,724 | €1,484 | -€241 | -14.0% |
| Financial fixed assets | 28 | €250 | €27,750 | +€27,500 | +11000.0% |
| Current assets | 29/58 | €13,882 | €10,849 | -€3,032 | -21.8% |
| Stocks and contracts in progress | 3 | €1,198 | - | -€1,198 | |
| Stocks | 30/36 | €1,198 | - | -€1,198 | |
| Amounts receivable within one year | 40/41 | €1,588 | €7,254 | +€5,666 | +356.9% |
| Trade receivables | 40 | - | €7,254 | +€7,254 | |
| Other amounts receivable | 41 | €1,588 | - | -€1,588 | |
| Cash at bank and in hand | 54/58 | €11,096 | €3,596 | -€7,500 | -67.6% |
| Total equity and liabilities | 10/49 | €16,568 | €40,650 | +€24,082 | +145.4% |
| Equity | 10/15 | -€4,148 | -€3,021 | +€1,127 | +27.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,937 | -€27,810 | +€1,127 | +3.9% |
| Amounts payable | 17/49 | €20,716 | €43,671 | +€22,955 | +110.8% |
| Amounts payable within one year | 42/48 | €20,716 | €43,671 | +€22,955 | +110.8% |
| Current portion of amounts payable after more than one year | 42 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | - | €1,326 | +€1,326 | |
| Suppliers | 440/4 | - | €1,326 | +€1,326 | |
| Taxes, remuneration and social security | 45 | €2,151 | €8,187 | +€6,036 | +280.6% |
| Taxes | 450/3 | €2,151 | €6,027 | +€3,876 | +180.2% |
| Remuneration and social security | 454/9 | - | €2,161 | +€2,161 | |
| Other amounts payable | 47/48 | €18,565 | €19,157 | +€593 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258 | €940 | +€682 | +264.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,198 | +€1,198 | |
| Other operating charges | 640/8 | €387 | €842 | +€454 | +117.3% |
| Gross operating margin | 9900 | €8,746 | €6,988 | -€1,758 | -20.1% |
| Operating profit (loss) | 9901 | €8,100 | €4,008 | -€4,092 | -50.5% |
| Financial income | 75/76B | €1 | €0 | -€0 | -50.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -50.9% |
| Financial charges | 65/66B | €39 | €1,511 | +€1,472 | +3769.3% |
| Recurring financial charges | 65 | €39 | €1,511 | +€1,472 | +3769.3% |
| Profit (loss) for the period before taxes | 9903 | €8,062 | €2,498 | -€5,564 | -69.0% |
| Income taxes | 67/77 | €2,237 | €1,371 | -€866 | -38.7% |
| Profit (loss) for the period | 9904 | €5,825 | €1,127 | -€4,698 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,825 | €1,127 | -€4,698 | -80.7% |
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 10 October 2026 via checked.be.