F.D.M. CONSTRUCTION: 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.M. CONSTRUCTION
Largest movements
- Current investments -€470,000
no longer reported in 2025 (was €470,000)
- Receivables within one year +€338,673
up €338,673 (+3,096%), from €10,940 to €349,612
of which Trade receivables: +€342,096
- Cash +€228,878
up €228,878 (+48.2%), from €475,177 to €704,055
mainly Current investments (+€470,000) and Net result for the year (+€262,750)
- Stocks and contracts -€52,357
down €52,357 (-47.4%), from €110,531 to €58,175
- Reserves +€262,740
up €262,740 (+130%), from €201,860 to €464,600
of which Distributable reserves: +€262,740
- Other debts -€250,000
down €250,000 (-96.2%), from €259,975 to €9,975
- Tax, wage and social debts +€103,447
up €103,447 (+173%), from €59,868 to €163,315
of which Taxes: +€103,344
- Trade debts -€72,427
down €72,427 (-60.9%), from €118,939 to €46,512
- Gross operating margin +€173,892
up €173,892 (+53.7%), from €323,918 to €497,810
- Taxes +€73,177
up €73,177 (+129%), from €56,560 to €129,737
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 | €1,096,996 | €1,140,766 | +€43,770 | +4.0% |
| Fixed assets | 21/28 | €30,349 | €28,924 | -€1,424 | -4.7% |
| Tangible fixed assets | 22/27 | €29,914 | €28,489 | -€1,424 | -4.8% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,972 | €991 | -€981 | -49.8% |
| Furniture and vehicles | 24 | €2,941 | €2,499 | -€443 | -15.1% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €1,066,647 | €1,111,841 | +€45,194 | +4.2% |
| Stocks and contracts in progress | 3 | €110,531 | €58,175 | -€52,357 | -47.4% |
| Stocks | 30/36 | €110,531 | €58,175 | -€52,357 | -47.4% |
| Amounts receivable within one year | 40/41 | €10,940 | €349,612 | +€338,673 | +3,096% |
| Trade receivables | 40 | €2,694 | €344,790 | +€342,096 | +12,700% |
| Other amounts receivable | 41 | €8,246 | €4,823 | -€3,423 | -41.5% |
| Current investments | 50/53 | €470,000 | - | -€470,000 | |
| Cash at bank and in hand | 54/58 | €475,177 | €704,055 | +€228,878 | +48.2% |
| Total equity and liabilities | 10/49 | €1,096,996 | €1,140,766 | +€43,770 | +4.0% |
| Equity | 10/15 | €658,214 | €920,964 | +€262,750 | +39.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €201,860 | €464,600 | +€262,740 | +130% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €462,740 | +€262,740 | +131% |
| Profit (loss) carried forward | 14 | €448,854 | €448,864 | +€10 | 0.0% |
| Amounts payable | 17/49 | €438,782 | €219,802 | -€218,980 | -49.9% |
| Amounts payable within one year | 42/48 | €438,782 | €219,802 | -€218,980 | -49.9% |
| Trade debts | 44 | €118,939 | €46,512 | -€72,427 | -60.9% |
| Suppliers | 440/4 | €118,939 | €46,512 | -€72,427 | -60.9% |
| Taxes, remuneration and social security | 45 | €59,868 | €163,315 | +€103,447 | +173% |
| Taxes | 450/3 | €59,868 | €163,212 | +€103,344 | +173% |
| Remuneration and social security | 454/9 | - | €103 | +€103 | |
| Other amounts payable | 47/48 | €259,975 | €9,975 | -€250,000 | -96.2% |
| Remuneration, social security and pensions | 62 | €93,685 | €97,344 | +€3,660 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €2,059 | +€393 | +23.6% |
| Other operating charges | 640/8 | €1,140 | €169 | -€971 | -85.1% |
| Gross operating margin | 9900 | €323,918 | €497,810 | +€173,892 | +53.7% |
| Operating profit (loss) | 9901 | €227,428 | €398,237 | +€170,810 | +75.1% |
| Financial income | 75/76B | €7,837 | €9,289 | +€1,453 | +18.5% |
| Recurring financial income | 75 | €7,837 | €9,289 | +€1,453 | +18.5% |
| Financial charges | 65/66B | €15,127 | €15,039 | -€87 | -0.6% |
| Recurring financial charges | 65 | €15,127 | €15,039 | -€87 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €220,138 | €392,487 | +€172,350 | +78.3% |
| Income taxes | 67/77 | €56,560 | €129,737 | +€73,177 | +129% |
| Profit (loss) for the period | 9904 | €163,578 | €262,750 | +€99,172 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €163,578 | €262,750 | +€99,172 | +60.6% |
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 17 October 2026 via checked.be.