F.A-CONSTRUCT: what changed
Two fiscal 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.
F.A-CONSTRUCT
Largest movements
- Receivables within one year -€465,852
down €465,852 (-90.7%), from €513,436 to €47,584
of which Trade receivables: -€466,798
- Tangible fixed assets -€59,922
down €59,922 (-82.0%), from €73,080 to €13,158
of which Furniture and vehicles: -€43,644
- Cash +€22,912
up €22,912 (+51.2%), from €44,727 to €67,639
mainly Receivables within one year (+€465,852) and Other debts (+€73,287)
- Stocks and contracts -€16,755
down €16,755 (-67.8%), from €24,730 to €7,975
- Trade debts -€338,413
down €338,413 (-67.4%), from €502,374 to €163,961
- Profit (loss) carried forward -€209,214
down €209,214 (-140.6%), from -€148,806 to -€358,020
- Other debts +€73,287
up €73,287 (+273.8%), from €26,770 to €100,056
- Debts after one year -€57,925
down €57,925 (-94.6%), from €61,228 to €3,303
- Tax, wage and social debts +€31,214
up €31,214 (+327.7%), from €9,525 to €40,739
of which Taxes: +€30,296
- Gross operating margin -€97,045
down €97,045 (-58.7%), from €165,401 to €68,355
- Staff costs -€73,773
down €73,773 (-28.1%), from €263,005 to €189,231
- Other operating charges +€49,831
up €49,831 (+977.4%), from €5,098 to €54,929
- Depreciation -€37,775
down €37,775 (-89.1%), from €42,379 to €4,604
- Taxes -€9,681
down €9,681 (-65.7%), from €14,732 to €5,051
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 | €669,905 | €148,784 | -€521,121 | -77.8% |
| Fixed assets | 21/28 | €80,719 | €21,211 | -€59,508 | -73.7% |
| Tangible fixed assets | 22/27 | €73,080 | €13,158 | -€59,922 | -82.0% |
| Plant, machinery and equipment | 23 | €18,567 | €2,289 | -€16,278 | -87.7% |
| Furniture and vehicles | 24 | €54,513 | €10,869 | -€43,644 | -80.1% |
| Financial fixed assets | 28 | €7,639 | €8,053 | +€414 | +5.4% |
| Current assets | 29/58 | €589,186 | €127,573 | -€461,613 | -78.3% |
| Stocks and contracts in progress | 3 | €24,730 | €7,975 | -€16,755 | -67.8% |
| Stocks | 30/36 | €24,730 | €7,975 | -€16,755 | -67.8% |
| Amounts receivable within one year | 40/41 | €513,436 | €47,584 | -€465,852 | -90.7% |
| Trade receivables | 40 | €504,307 | €37,509 | -€466,798 | -92.6% |
| Other amounts receivable | 41 | €9,129 | €10,075 | +€946 | +10.4% |
| Cash at bank and in hand | 54/58 | €44,727 | €67,639 | +€22,912 | +51.2% |
| Deferred charges and accrued income | 490/1 | €6,292 | €4,375 | -€1,917 | -30.5% |
| Total equity and liabilities | 10/49 | €669,905 | €148,784 | -€521,121 | -77.8% |
| Equity | 10/15 | -€140,646 | -€349,860 | -€209,214 | -148.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,806 | -€358,020 | -€209,214 | -140.6% |
| Amounts payable | 17/49 | €810,551 | €498,644 | -€311,906 | -38.5% |
| Amounts payable after more than one year | 17 | €61,228 | €3,303 | -€57,925 | -94.6% |
| Financial debts | 170/4 | €61,228 | €3,303 | -€57,925 | -94.6% |
| Amounts payable within one year | 42/48 | €747,300 | €495,341 | -€251,959 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €78,632 | €48,578 | -€30,054 | -38.2% |
| Financial debts | 43 | €130,000 | €142,007 | +€12,007 | +9.2% |
| Credit institutions | 430/8 | €130,000 | €142,007 | +€12,007 | +9.2% |
| Trade debts | 44 | €502,374 | €163,961 | -€338,413 | -67.4% |
| Suppliers | 440/4 | €502,374 | €163,961 | -€338,413 | -67.4% |
| Taxes, remuneration and social security | 45 | €9,525 | €40,739 | +€31,214 | +327.7% |
| Taxes | 450/3 | €0 | €30,296 | +€30,296 | |
| Remuneration and social security | 454/9 | €9,525 | €10,443 | +€918 | +9.6% |
| Other amounts payable | 47/48 | €26,770 | €100,056 | +€73,287 | +273.8% |
| Accrued charges and deferred income | 492/3 | €2,022 | - | -€2,022 | |
| Non-recurring operating income | 76A | €54 | €54 | +€0 | +0.7% |
| Remuneration, social security and pensions | 62 | €263,005 | €189,231 | -€73,773 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,379 | €4,604 | -€37,775 | -89.1% |
| Other operating charges | 640/8 | €5,098 | €54,929 | +€49,831 | +977.4% |
| Non-recurring operating charges | 66A | €133 | €144 | +€11 | +8.0% |
| Gross operating margin | 9900 | €165,401 | €68,355 | -€97,045 | -58.7% |
| Operating profit (loss) | 9901 | -€145,214 | -€180,553 | -€35,338 | -24.3% |
| Financial income | 75/76B | €1 | €59 | +€57 | +4410.0% |
| Recurring financial income | 75 | €1 | €59 | +€57 | +4410.0% |
| Financial charges | 65/66B | €24,882 | €23,669 | -€1,213 | -4.9% |
| Recurring financial charges | 65 | €24,882 | €23,669 | -€1,213 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€170,095 | -€204,163 | -€34,068 | -20.0% |
| Income taxes | 67/77 | €14,732 | €5,051 | -€9,681 | -65.7% |
| Profit (loss) for the period | 9904 | -€184,826 | -€209,214 | -€24,388 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€184,826 | -€209,214 | -€24,388 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.