F.D. CONSTRUCTION: 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.D. CONSTRUCTION
Largest movements
- Cash -€40,983
down €40,983 (-40.2%), from €102,042 to €61,059
mainly Stocks and contracts (-€26,320) and Trade debts (-€18,160)
- Stocks and contracts +€26,320
up €26,320 (+175.5%), from €15,000 to €41,320
- Tangible fixed assets +€10,158
up €10,158 (+216.5%), from €4,692 to €14,850
of which Furniture and vehicles: +€12,568
- Receivables within one year +€3,572
up €3,572 (+163.5%), from €2,184 to €5,756
of which Trade receivables: +€4,216
- Trade debts -€18,160
down €18,160 (-45.4%), from €39,983 to €21,823
- Debts after one year +€10,490
up €10,490 (+26.2%), from €40,000 to €50,490
of which Other amounts payable: +€40,000
- Profit (loss) carried forward +€5,641
up €5,641 (+73.9%), from -€7,635 to -€1,993
- Current portion of long-term debt +€2,703
new in 2025: €2,703
- Gross operating margin +€2,617
up €2,617 (+17.1%), from €15,316 to €17,933
- Financial charges +€1,932
up €1,932 (+40.0%), from €4,824 to €6,755
- Taxes +€1,724
new in 2025: €1,724
- Depreciation +€889
up €889 (+21.6%), from €4,119 to €5,008
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 | €125,559 | €125,211 | -€347 | -0.3% |
| Fixed assets | 21/28 | €4,692 | €14,850 | +€10,158 | +216.5% |
| Tangible fixed assets | 22/27 | €4,692 | €14,850 | +€10,158 | +216.5% |
| Plant, machinery and equipment | 23 | €4,108 | €1,698 | -€2,410 | -58.7% |
| Furniture and vehicles | 24 | €584 | €13,152 | +€12,568 | +2152.9% |
| Current assets | 29/58 | €120,867 | €110,362 | -€10,505 | -8.7% |
| Stocks and contracts in progress | 3 | €15,000 | €41,320 | +€26,320 | +175.5% |
| Contracts in progress | 37 | €15,000 | €41,320 | +€26,320 | +175.5% |
| Amounts receivable within one year | 40/41 | €2,184 | €5,756 | +€3,572 | +163.5% |
| Trade receivables | 40 | €363 | €4,579 | +€4,216 | +1162.3% |
| Other amounts receivable | 41 | €1,821 | €1,177 | -€644 | -35.4% |
| Cash at bank and in hand | 54/58 | €102,042 | €61,059 | -€40,983 | -40.2% |
| Deferred charges and accrued income | 490/1 | €1,641 | €2,226 | +€585 | +35.7% |
| Total equity and liabilities | 10/49 | €125,559 | €125,211 | -€347 | -0.3% |
| Equity | 10/15 | €14,653 | €20,294 | +€5,641 | +38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,688 | €3,688 | = | 0.0% |
| Distributable reserves | 133 | €3,688 | €3,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,635 | -€1,993 | +€5,641 | +73.9% |
| Amounts payable | 17/49 | €110,905 | €104,917 | -€5,988 | -5.4% |
| Amounts payable after more than one year | 17 | €40,000 | €50,490 | +€10,490 | +26.2% |
| Financial debts | 170/4 | €40,000 | €10,490 | -€29,510 | -73.8% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €70,905 | €54,427 | -€16,479 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,703 | +€2,703 | |
| Trade debts | 44 | €39,983 | €21,823 | -€18,160 | -45.4% |
| Suppliers | 440/4 | €39,983 | €21,823 | -€18,160 | -45.4% |
| Taxes, remuneration and social security | 45 | €14,977 | €14,758 | -€219 | -1.5% |
| Taxes | 450/3 | €14,977 | €14,758 | -€219 | -1.5% |
| Other amounts payable | 47/48 | €15,945 | €15,143 | -€803 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,119 | €5,008 | +€889 | +21.6% |
| Other operating charges | 640/8 | €698 | €862 | +€164 | +23.5% |
| Gross operating margin | 9900 | €15,316 | €17,933 | +€2,617 | +17.1% |
| Operating profit (loss) | 9901 | €10,499 | €12,062 | +€1,563 | +14.9% |
| Financial income | 75/76B | €2,052 | €2,058 | +€6 | +0.3% |
| Recurring financial income | 75 | €2,052 | €2,058 | +€6 | +0.3% |
| Financial charges | 65/66B | €4,824 | €6,755 | +€1,932 | +40.0% |
| Recurring financial charges | 65 | €4,824 | €6,755 | +€1,932 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €7,728 | €7,365 | -€363 | -4.7% |
| Income taxes | 67/77 | - | €1,724 | +€1,724 | |
| Profit (loss) for the period | 9904 | €7,728 | €5,641 | -€2,086 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,728 | €5,641 | -€2,086 | -27.0% |
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 3 October 2026 via checked.be.