'T FORT: 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.
'T FORT
Largest movements
- Cash +€11,425
up €11,425 (+1,184%), from €965 to €12,390
mainly Current portion of long-term debt (+€31,792) and Depreciation (+€9,455)
- Tangible fixed assets -€9,455
down €9,455 (-8.4%), from €112,831 to €103,376
- Current portion of long-term debt +€31,792
up €31,792 (+49.0%), from €64,858 to €96,650
- Profit (loss) carried forward -€29,821
down €29,821 (-19.6%), from €152,078 to €122,256
- Taxes +€17,236
up €17,236 (+687%), from €2,511 to €19,746
- Gross operating margin +€17,116
up €17,116 (+99.6%), from -€17,191 to -€75
- Other operating charges +€427
up €427 (+362%), from €118 to €545
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 | €225,196 | €227,166 | +€1,970 | +0.9% |
| Fixed assets | 21/28 | €212,831 | €203,376 | -€9,455 | -4.4% |
| Intangible fixed assets | 21 | €100,000 | €100,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €112,831 | €103,376 | -€9,455 | -8.4% |
| Land and buildings | 22 | €112,831 | €103,376 | -€9,455 | -8.4% |
| Current assets | 29/58 | €12,365 | €23,790 | +€11,425 | +92.4% |
| Amounts receivable within one year | 40/41 | €11,400 | €11,400 | = | 0.0% |
| Trade receivables | 40 | €3,400 | €3,400 | = | 0.0% |
| Other amounts receivable | 41 | €8,000 | €8,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €965 | €12,390 | +€11,425 | +1,184% |
| Total equity and liabilities | 10/49 | €225,196 | €227,166 | +€1,970 | +0.9% |
| Equity | 10/15 | €160,338 | €130,516 | -€29,821 | -18.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,078 | €122,256 | -€29,821 | -19.6% |
| Amounts payable | 17/49 | €64,858 | €96,650 | +€31,792 | +49.0% |
| Amounts payable within one year | 42/48 | €64,858 | €96,650 | +€31,792 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €64,858 | €96,650 | +€31,792 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,455 | €9,455 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €545 | +€427 | +362% |
| Gross operating margin | 9900 | -€17,191 | -€75 | +€17,116 | +99.6% |
| Operating profit (loss) | 9901 | -€26,764 | -€10,075 | +€16,689 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,764 | -€10,075 | +€16,689 | +62.4% |
| Income taxes | 67/77 | €2,511 | €19,746 | +€17,236 | +687% |
| Profit (loss) for the period | 9904 | -€29,275 | -€29,821 | -€547 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,275 | -€29,821 | -€547 | -1.9% |
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 15 October 2026 via checked.be.