F&D CONSTRUCT: 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.
F&D CONSTRUCT
Largest movements
- Stocks and contracts -€345,402
no longer reported in 2025 (was €345,402)
- Cash -€62,050
down €62,050 (-88.1%), from €70,393 to €8,343
mainly Debts after one year (-€356,000) and Other debts (-€88,608)
- Receivables within one year -€29,741
down €29,741 (-63.2%), from €47,086 to €17,345
of which Trade receivables: -€46,245
- Debts after one year -€356,000
no longer reported in 2025 (was €356,000)
- Other debts -€88,608
down €88,608 (-80.3%), from €110,309 to €21,701
- Profit (loss) carried forward +€33,333
up €33,333 (+83.7%), from -€39,837 to -€6,504
- Trade debts -€13,764
down €13,764 (-96.6%), from €14,255 to €491
- Tax, wage and social debts -€12,153
no longer reported in 2025 (was €12,153)
- Gross operating margin +€109,842
up €109,842, from -€54,126 to €55,716
- Financial charges +€18,581
up €18,581 (+499%), from €3,723 to €22,304
- Financial income -€859
down €859 (-37.6%), from €2,288 to €1,429
- Other operating charges +€854
up €854 (+131%), from €654 to €1,509
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 | €462,880 | €25,688 | -€437,192 | -94.5% |
| Current assets | 29/58 | €462,880 | €25,688 | -€437,192 | -94.5% |
| Stocks and contracts in progress | 3 | €345,402 | - | -€345,402 | |
| Stocks | 30/36 | €345,402 | - | -€345,402 | |
| Amounts receivable within one year | 40/41 | €47,086 | €17,345 | -€29,741 | -63.2% |
| Trade receivables | 40 | €47,086 | €841 | -€46,245 | -98.2% |
| Other amounts receivable | 41 | - | €16,504 | +€16,504 | |
| Cash at bank and in hand | 54/58 | €70,393 | €8,343 | -€62,050 | -88.1% |
| Total equity and liabilities | 10/49 | €462,880 | €25,688 | -€437,192 | -94.5% |
| Equity | 10/15 | -€29,837 | €3,496 | +€33,333 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,837 | -€6,504 | +€33,333 | +83.7% |
| Amounts payable | 17/49 | €492,717 | €22,192 | -€470,525 | -95.5% |
| Amounts payable after more than one year | 17 | €356,000 | - | -€356,000 | |
| Financial debts | 170/4 | €356,000 | - | -€356,000 | |
| Amounts payable within one year | 42/48 | €136,717 | €22,192 | -€114,525 | -83.8% |
| Trade debts | 44 | €14,255 | €491 | -€13,764 | -96.6% |
| Suppliers | 440/4 | €14,255 | €491 | -€13,764 | -96.6% |
| Taxes, remuneration and social security | 45 | €12,153 | - | -€12,153 | |
| Taxes | 450/3 | €12,153 | - | -€12,153 | |
| Other amounts payable | 47/48 | €110,309 | €21,701 | -€88,608 | -80.3% |
| Other operating charges | 640/8 | €654 | €1,509 | +€854 | +131% |
| Gross operating margin | 9900 | -€54,126 | €55,716 | +€109,842 | |
| Operating profit (loss) | 9901 | -€54,780 | €54,208 | +€108,988 | |
| Financial income | 75/76B | €2,288 | €1,429 | -€859 | -37.6% |
| Recurring financial income | 75 | €2,288 | €1,429 | -€859 | -37.6% |
| Financial charges | 65/66B | €3,723 | €22,304 | +€18,581 | +499% |
| Recurring financial charges | 65 | €3,723 | €22,304 | +€18,581 | +499% |
| Profit (loss) for the period before taxes | 9903 | -€56,216 | €33,333 | +€89,548 | |
| Profit (loss) for the period | 9904 | -€56,216 | €33,333 | +€89,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,216 | €33,333 | +€89,548 |
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.