F&M 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&M CONSTRUCTION
Largest movements
- Cash +€41,306
up €41,306 (+65.3%), from €63,286 to €104,592
mainly Other debts (+€30,593) and Net result for the year (+€24,630)
- Stocks and contracts +€19,861
up €19,861 (+1538.1%), from €1,291 to €21,153
- Receivables within one year -€11,361
down €11,361 (-64.6%), from €17,588 to €6,227
of which Trade receivables: -€14,191
- Other debts +€30,593
up €30,593 (+510.5%), from €5,993 to €36,585
- Accrued charges and deferred income +€19,813
up €19,813 (+76.2%), from €26,009 to €45,822
- Reserves -€11,955
down €11,955 (-34.1%), from €35,051 to €23,096
- Trade debts +€9,302
up €9,302 (+709.4%), from €1,311 to €10,614
- Tax, wage and social debts +€2,731
up €2,731 (+26.9%), from €10,167 to €12,898
of which Remuneration and social security: +€4,540
- Gross operating margin +€5,891
up €5,891 (+22.5%), from €26,143 to €32,033
- Taxes +€3,804
up €3,804 (+141.1%), from €2,696 to €6,500
- Depreciation -€3,739
down €3,739 (-96.4%), from €3,877 to €138
- Financial income -€326
down €326 (-45.0%), from €725 to €399
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 | €83,532 | €134,015 | +€50,483 | +60.4% |
| Fixed assets | 21/28 | €581 | €1,247 | +€666 | +114.7% |
| Tangible fixed assets | 22/27 | €56 | €722 | +€666 | +1191.3% |
| Furniture and vehicles | 24 | €56 | €722 | +€666 | +1191.3% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €82,951 | €132,768 | +€49,817 | +60.1% |
| Stocks and contracts in progress | 3 | €1,291 | €21,153 | +€19,861 | +1538.1% |
| Stocks | 30/36 | €1,291 | €21,153 | +€19,861 | +1538.1% |
| Amounts receivable within one year | 40/41 | €17,588 | €6,227 | -€11,361 | -64.6% |
| Trade receivables | 40 | €16,673 | €2,483 | -€14,191 | -85.1% |
| Other amounts receivable | 41 | €915 | €3,745 | +€2,830 | +309.3% |
| Cash at bank and in hand | 54/58 | €63,286 | €104,592 | +€41,306 | +65.3% |
| Deferred charges and accrued income | 490/1 | €785 | €796 | +€11 | +1.4% |
| Total equity and liabilities | 10/49 | €83,532 | €134,015 | +€50,483 | +60.4% |
| Equity | 10/15 | €40,051 | €28,096 | -€11,955 | -29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,051 | €23,096 | -€11,955 | -34.1% |
| Distributable reserves | 133 | €35,051 | €23,096 | -€11,955 | -34.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,481 | €105,919 | +€62,438 | +143.6% |
| Amounts payable within one year | 42/48 | €17,471 | €60,097 | +€42,626 | +244.0% |
| Trade debts | 44 | €1,311 | €10,614 | +€9,302 | +709.4% |
| Suppliers | 440/4 | €1,311 | €10,614 | +€9,302 | +709.4% |
| Taxes, remuneration and social security | 45 | €10,167 | €12,898 | +€2,731 | +26.9% |
| Taxes | 450/3 | €10,167 | €8,358 | -€1,809 | -17.8% |
| Remuneration and social security | 454/9 | €0 | €4,540 | +€4,540 | |
| Other amounts payable | 47/48 | €5,993 | €36,585 | +€30,593 | +510.5% |
| Accrued charges and deferred income | 492/3 | €26,009 | €45,822 | +€19,813 | +76.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,877 | €138 | -€3,739 | -96.4% |
| Other operating charges | 640/8 | €861 | €690 | -€171 | -19.8% |
| Gross operating margin | 9900 | €26,143 | €32,033 | +€5,891 | +22.5% |
| Operating profit (loss) | 9901 | €21,405 | €31,205 | +€9,800 | +45.8% |
| Financial income | 75/76B | €725 | €399 | -€326 | -45.0% |
| Recurring financial income | 75 | €725 | €399 | -€326 | -45.0% |
| Financial charges | 65/66B | €630 | €474 | -€156 | -24.8% |
| Recurring financial charges | 65 | €630 | €474 | -€156 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €21,500 | €31,130 | +€9,630 | +44.8% |
| Income taxes | 67/77 | €2,696 | €6,500 | +€3,804 | +141.1% |
| Profit (loss) for the period | 9904 | €18,804 | €24,630 | +€5,826 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,804 | €24,630 | +€5,826 | +31.0% |
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 2 October 2026 via checked.be.