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
- Tangible fixed assets +€15,610
up €15,610 (+6.0%), from €261,986 to €277,596
of which Land and buildings: +€21,284
- Profit (loss) carried forward +€37,741
up €37,741 (+515%), from €7,332 to €45,074
- Debts after one year -€17,787
down €17,787 (-10.6%), from €167,322 to €149,535
- Accrued charges and deferred income -€11,176
no longer reported in 2025 (was €11,176)
- Tax, wage and social debts +€7,384
up €7,384 (+248%), from €2,983 to €10,367
- Trade debts -€5,578
down €5,578 (-27.3%), from €20,466 to €14,888
- Gross operating margin +€54,007
up €54,007 (+186%), from €28,977 to €82,985
- Taxes +€9,550
up €9,550 (+2,336%), from €409 to €9,958
- Depreciation +€5,357
up €5,357 (+26.2%), from €20,457 to €25,815
- Other operating charges +€880
up €880 (+154%), from €573 to €1,452
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 | €265,923 | €282,045 | +€16,122 | +6.1% |
| Fixed assets | 21/28 | €261,986 | €277,596 | +€15,610 | +6.0% |
| Tangible fixed assets | 22/27 | €261,986 | €277,596 | +€15,610 | +6.0% |
| Land and buildings | 22 | €232,195 | €253,479 | +€21,284 | +9.2% |
| Plant, machinery and equipment | 23 | €28,852 | €22,562 | -€6,290 | -21.8% |
| Furniture and vehicles | 24 | €940 | €1,556 | +€616 | +65.6% |
| Current assets | 29/58 | €3,936 | €4,448 | +€512 | +13.0% |
| Amounts receivable within one year | 40/41 | €200 | - | -€200 | |
| Trade receivables | 40 | €200 | - | -€200 | |
| Cash at bank and in hand | 54/58 | €3,736 | €4,448 | +€712 | +19.1% |
| Total equity and liabilities | 10/49 | €265,923 | €282,045 | +€16,122 | +6.1% |
| Equity | 10/15 | €17,332 | €55,074 | +€37,741 | +218% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,332 | €45,074 | +€37,741 | +515% |
| Amounts payable | 17/49 | €248,591 | €226,971 | -€21,619 | -8.7% |
| Amounts payable after more than one year | 17 | €167,322 | €149,535 | -€17,787 | -10.6% |
| Financial debts | 170/4 | €167,322 | €149,535 | -€17,787 | -10.6% |
| Amounts payable within one year | 42/48 | €70,092 | €77,436 | +€7,344 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €17,034 | €17,787 | +€753 | +4.4% |
| Trade debts | 44 | €20,466 | €14,888 | -€5,578 | -27.3% |
| Suppliers | 440/4 | €20,466 | €14,888 | -€5,578 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,983 | €10,367 | +€7,384 | +248% |
| Taxes | 450/3 | €2,983 | €10,367 | +€7,384 | +248% |
| Other amounts payable | 47/48 | €29,610 | €34,394 | +€4,784 | +16.2% |
| Accrued charges and deferred income | 492/3 | €11,176 | - | -€11,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,457 | €25,815 | +€5,357 | +26.2% |
| Other operating charges | 640/8 | €573 | €1,452 | +€880 | +154% |
| Gross operating margin | 9900 | €28,977 | €82,985 | +€54,007 | +186% |
| Operating profit (loss) | 9901 | €7,948 | €55,718 | +€47,770 | +601% |
| Financial income | 75/76B | €8 | €57 | +€49 | +589% |
| Recurring financial income | 75 | €8 | €57 | +€49 | +589% |
| Financial charges | 65/66B | €7,422 | €8,075 | +€653 | +8.8% |
| Recurring financial charges | 65 | €7,422 | €8,075 | +€653 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €534 | €47,700 | +€47,166 | +8,828% |
| Income taxes | 67/77 | €409 | €9,958 | +€9,550 | +2,336% |
| Profit (loss) for the period | 9904 | €125 | €37,741 | +€37,616 | +29,980% |
| Profit (loss) for the period to be appropriated | 9905 | €125 | €37,741 | +€37,616 | +29,980% |
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 13 October 2026 via checked.be.