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
- Cash +€36,260
up €36,260 (+102%), from €35,499 to €71,759
mainly Net result for the year (+€37,526) and Tax, wage and social debts (+€7,572)
- Receivables within one year +€10,838
up €10,838 (+62.9%), from €17,239 to €28,077
of which Other amounts receivable: +€10,847
- Tangible fixed assets -€2,081
down €2,081 (-24.0%), from €8,655 to €6,574
- Reserves +€37,526
up €37,526 (+87.9%), from €42,677 to €80,203
- Tax, wage and social debts +€7,572
up €7,572 (+54.8%), from €13,821 to €21,393
- Gross operating margin +€12,581
up €12,581 (+31.5%), from €39,904 to €52,486
- Taxes +€2,115
up €2,115 (+25.3%), from €8,364 to €10,478
- Depreciation +€1,296
up €1,296 (+65.0%), from €1,995 to €3,290
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 | €61,393 | €106,410 | +€45,018 | +73.3% |
| Fixed assets | 21/28 | €8,655 | €6,574 | -€2,081 | -24.0% |
| Tangible fixed assets | 22/27 | €8,655 | €6,574 | -€2,081 | -24.0% |
| Furniture and vehicles | 24 | €8,655 | €6,574 | -€2,081 | -24.0% |
| Current assets | 29/58 | €52,738 | €99,836 | +€47,099 | +89.3% |
| Amounts receivable within one year | 40/41 | €17,239 | €28,077 | +€10,838 | +62.9% |
| Trade receivables | 40 | €15,224 | €15,215 | -€9 | -0.1% |
| Other amounts receivable | 41 | €2,015 | €12,862 | +€10,847 | +538% |
| Cash at bank and in hand | 54/58 | €35,499 | €71,759 | +€36,260 | +102% |
| Total equity and liabilities | 10/49 | €61,393 | €106,410 | +€45,018 | +73.3% |
| Equity | 10/15 | €45,177 | €82,703 | +€37,526 | +83.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,677 | €80,203 | +€37,526 | +87.9% |
| Distributable reserves | 133 | €42,677 | €80,203 | +€37,526 | +87.9% |
| Amounts payable | 17/49 | €16,215 | €23,707 | +€7,492 | +46.2% |
| Amounts payable within one year | 42/48 | €16,215 | €23,707 | +€7,492 | +46.2% |
| Trade debts | 44 | €2,394 | €2,314 | -€80 | -3.3% |
| Suppliers | 440/4 | €2,394 | €2,314 | -€80 | -3.3% |
| Taxes, remuneration and social security | 45 | €13,821 | €21,393 | +€7,572 | +54.8% |
| Taxes | 450/3 | €13,821 | €21,393 | +€7,572 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,995 | €3,290 | +€1,296 | +65.0% |
| Other operating charges | 640/8 | €182 | €585 | +€404 | +222% |
| Gross operating margin | 9900 | €39,904 | €52,486 | +€12,581 | +31.5% |
| Operating profit (loss) | 9901 | €37,728 | €48,610 | +€10,882 | +28.8% |
| Financial income | 75/76B | €235 | €403 | +€168 | +71.4% |
| Recurring financial income | 75 | €235 | €403 | +€168 | +71.4% |
| Financial charges | 65/66B | €1,209 | €1,009 | -€200 | -16.6% |
| Recurring financial charges | 65 | €1,209 | €1,009 | -€200 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €36,754 | €48,004 | +€11,250 | +30.6% |
| Income taxes | 67/77 | €8,364 | €10,478 | +€2,115 | +25.3% |
| Profit (loss) for the period | 9904 | €28,391 | €37,526 | +€9,135 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,391 | €37,526 | +€9,135 | +32.2% |
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 14 October 2026 via checked.be.