F-F 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-F CONSTRUCT
Largest movements
- Receivables within one year -€29,032
down €29,032 (-33.0%), from €87,914 to €58,882
of which Trade receivables: -€40,385
- Stocks and contracts +€21,299
new in 2025: €21,299
of which Contracts in progress: +€14,264
- Intangible fixed assets +€12,192
new in 2025: €12,192
- Tangible fixed assets -€9,196
down €9,196 (-55.0%), from €16,732 to €7,536
of which Furniture and vehicles: -€8,500
- Cash -€2,617
down €2,617 (-8.2%), from €32,084 to €29,467
mainly Other debts (-€30,233) and Stocks and contracts (-€21,299)
- Other debts -€30,233
down €30,233 (-59.5%), from €50,800 to €20,567
- Trade debts +€18,433
up €18,433 (+32.1%), from €57,408 to €75,841
- Profit (loss) carried forward +€7,540
up €7,540 (+63.1%), from €11,955 to €19,496
- Accrued charges and deferred income -€1,479
no longer reported in 2025 (was €1,479)
- Depreciation +€4,075
up €4,075 (+49.2%), from €8,287 to €12,362
- Gross operating margin +€3,698
up €3,698 (+6.2%), from €59,740 to €63,439
- Other operating charges +€701
up €701 (+26.7%), from €2,624 to €3,325
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 | €143,478 | €138,069 | -€5,409 | -3.8% |
| Formation expenses | 20 | €1,073 | €716 | -€357 | -33.3% |
| Fixed assets | 21/28 | €18,895 | €21,891 | +€2,996 | +15.9% |
| Intangible fixed assets | 21 | - | €12,192 | +€12,192 | |
| Tangible fixed assets | 22/27 | €16,732 | €7,536 | -€9,196 | -55.0% |
| Plant, machinery and equipment | 23 | €2,062 | €1,365 | -€696 | -33.8% |
| Furniture and vehicles | 24 | €14,671 | €6,171 | -€8,500 | -57.9% |
| Financial fixed assets | 28 | €2,163 | €2,163 | = | 0.0% |
| Current assets | 29/58 | €123,509 | €115,462 | -€8,047 | -6.5% |
| Stocks and contracts in progress | 3 | - | €21,299 | +€21,299 | |
| Stocks | 30/36 | - | €7,035 | +€7,035 | |
| Contracts in progress | 37 | - | €14,264 | +€14,264 | |
| Amounts receivable within one year | 40/41 | €87,914 | €58,882 | -€29,032 | -33.0% |
| Trade receivables | 40 | €75,685 | €35,301 | -€40,385 | -53.4% |
| Other amounts receivable | 41 | €12,228 | €23,581 | +€11,353 | +92.8% |
| Cash at bank and in hand | 54/58 | €32,084 | €29,467 | -€2,617 | -8.2% |
| Deferred charges and accrued income | 490/1 | €3,511 | €5,814 | +€2,303 | +65.6% |
| Total equity and liabilities | 10/49 | €143,478 | €138,069 | -€5,409 | -3.8% |
| Equity | 10/15 | €16,955 | €24,496 | +€7,540 | +44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,955 | €19,496 | +€7,540 | +63.1% |
| Amounts payable | 17/49 | €126,523 | €113,573 | -€12,949 | -10.2% |
| Amounts payable within one year | 42/48 | €125,044 | €113,573 | -€11,470 | -9.2% |
| Trade debts | 44 | €57,408 | €75,841 | +€18,433 | +32.1% |
| Suppliers | 440/4 | €57,408 | €75,841 | +€18,433 | +32.1% |
| Taxes, remuneration and social security | 45 | €16,836 | €17,165 | +€330 | +2.0% |
| Taxes | 450/3 | €10,342 | €4,152 | -€6,190 | -59.9% |
| Remuneration and social security | 454/9 | €6,493 | €13,013 | +€6,520 | +100.4% |
| Other amounts payable | 47/48 | €50,800 | €20,567 | -€30,233 | -59.5% |
| Accrued charges and deferred income | 492/3 | €1,479 | - | -€1,479 | |
| Remuneration, social security and pensions | 62 | €36,161 | €36,557 | +€396 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,287 | €12,362 | +€4,075 | +49.2% |
| Other operating charges | 640/8 | €2,624 | €3,325 | +€701 | +26.7% |
| Gross operating margin | 9900 | €59,740 | €63,439 | +€3,698 | +6.2% |
| Operating profit (loss) | 9901 | €12,668 | €11,194 | -€1,474 | -11.6% |
| Financial income | 75/76B | €284 | €314 | +€30 | +10.7% |
| Recurring financial income | 75 | €284 | €314 | +€30 | +10.7% |
| Financial charges | 65/66B | €303 | €557 | +€254 | +83.8% |
| Recurring financial charges | 65 | €303 | €557 | +€254 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | €12,649 | €10,952 | -€1,697 | -13.4% |
| Income taxes | 67/77 | €3,186 | €3,411 | +€226 | +7.1% |
| Profit (loss) for the period | 9904 | €9,463 | €7,540 | -€1,923 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,463 | €7,540 | -€1,923 | -20.3% |
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 28 September 2026 via checked.be.