F.M. 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.M. CONSTRUCT
Largest movements
- Tangible fixed assets -€46,289
down €46,289 (-78.5%), from €58,968 to €12,679
of which Land and buildings: -€46,080
- Cash +€12,141
up €12,141 (+12.3%), from €98,619 to €110,759
mainly Depreciation (+€46,289)
- Receivables within one year +€2,211
up €2,211 (+51.9%), from €4,262 to €6,473
- Profit (loss) carried forward -€17,459
down €17,459 (-5.5%), from -€317,605 to -€335,064
- Other debts -€12,190
down €12,190 (-3.5%), from €347,020 to €334,830
- Gross operating margin -€3,221
down €3,221 (-8.0%), from €40,511 to €37,290
- Depreciation -€2,761
down €2,761 (-5.6%), from €49,051 to €46,289
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 | €165,850 | €134,062 | -€31,788 | -19.2% |
| Fixed assets | 21/28 | €60,468 | €14,179 | -€46,289 | -76.6% |
| Tangible fixed assets | 22/27 | €58,968 | €12,679 | -€46,289 | -78.5% |
| Land and buildings | 22 | €57,185 | €11,104 | -€46,080 | -80.6% |
| Plant, machinery and equipment | 23 | €1,784 | €1,575 | -€209 | -11.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €105,382 | €119,883 | +€14,501 | +13.8% |
| Amounts receivable within one year | 40/41 | €4,262 | €6,473 | +€2,211 | +51.9% |
| Other amounts receivable | 41 | €4,262 | €6,473 | +€2,211 | +51.9% |
| Cash at bank and in hand | 54/58 | €98,619 | €110,759 | +€12,141 | +12.3% |
| Deferred charges and accrued income | 490/1 | €2,501 | €2,651 | +€150 | +6.0% |
| Total equity and liabilities | 10/49 | €165,850 | €134,062 | -€31,788 | -19.2% |
| Equity | 10/15 | -€246,459 | -€263,919 | -€17,459 | -7.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,146 | €9,146 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,946 | €2,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,605 | -€335,064 | -€17,459 | -5.5% |
| Amounts payable | 17/49 | €412,309 | €397,981 | -€14,329 | -3.5% |
| Amounts payable after more than one year | 17 | €61,973 | €61,973 | = | 0.0% |
| Other amounts payable | 178/9 | €61,973 | €61,973 | = | 0.0% |
| Amounts payable within one year | 42/48 | €348,691 | €335,212 | -€13,479 | -3.9% |
| Trade debts | 44 | €1,671 | €382 | -€1,289 | -77.1% |
| Suppliers | 440/4 | €1,671 | €382 | -€1,289 | -77.1% |
| Other amounts payable | 47/48 | €347,020 | €334,830 | -€12,190 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,645 | €795 | -€850 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,051 | €46,289 | -€2,761 | -5.6% |
| Other operating charges | 640/8 | €8,432 | €8,719 | +€286 | +3.4% |
| Gross operating margin | 9900 | €40,511 | €37,290 | -€3,221 | -8.0% |
| Operating profit (loss) | 9901 | -€16,972 | -€17,718 | -€746 | -4.4% |
| Financial income | 75/76B | €213 | €299 | +€86 | +40.4% |
| Recurring financial income | 75 | €213 | €299 | +€86 | +40.4% |
| Financial charges | 65/66B | €38 | €40 | +€2 | +4.0% |
| Recurring financial charges | 65 | €38 | €40 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,797 | -€17,459 | -€662 | -3.9% |
| Profit (loss) for the period | 9904 | -€16,797 | -€17,459 | -€662 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,797 | -€17,459 | -€662 | -3.9% |
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 2 October 2026 via checked.be.