F.R.CONSTRUCT: 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.R.CONSTRUCT
Largest movements
- Stocks and contracts +€28,867
up €28,867 (+69.8%), from €41,385 to €70,252
- Receivables within one year -€28,055
down €28,055 (-32.4%), from €86,579 to €58,524
of which Trade receivables: -€24,303
- Tangible fixed assets -€13,069
down €13,069 (-8.0%), from €163,782 to €150,713
of which Land and buildings: -€10,658
- Cash -€3,830
down €3,830 (-57.7%), from €6,641 to €2,811
mainly Stocks and contracts (-€28,867) and Trade debts (-€12,495)
- Trade debts -€12,495
down €12,495 (-25.7%), from €48,555 to €36,060
- Short-term financial debts +€7,228
new in 2024: €7,228
- Debts after one year -€6,162
down €6,162 (-7.9%), from €78,321 to €72,159
- Gross operating margin +€26,456
up €26,456 (+19.0%), from €139,506 to €165,961
- Staff costs -€19,371
down €19,371 (-12.3%), from €157,391 to €138,020
- Financial charges -€8,260
down €8,260 (-63.1%), from €13,081 to €4,821
of which Non-recurring financial charges: -€8,286
- Other operating charges -€3,131
down €3,131 (-32.2%), from €9,709 to €6,578
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,387 | €282,301 | -€16,086 | -5.4% |
| Fixed assets | 21/28 | €163,782 | €150,713 | -€13,069 | -8.0% |
| Tangible fixed assets | 22/27 | €163,782 | €150,713 | -€13,069 | -8.0% |
| Land and buildings | 22 | €159,257 | €148,599 | -€10,658 | -6.7% |
| Plant, machinery and equipment | 23 | €754 | €412 | -€343 | -45.4% |
| Furniture and vehicles | 24 | €3,771 | €1,702 | -€2,069 | -54.9% |
| Current assets | 29/58 | €134,605 | €131,587 | -€3,017 | -2.2% |
| Stocks and contracts in progress | 3 | €41,385 | €70,252 | +€28,867 | +69.8% |
| Stocks | 30/36 | €41,385 | €70,252 | +€28,867 | +69.8% |
| Amounts receivable within one year | 40/41 | €86,579 | €58,524 | -€28,055 | -32.4% |
| Trade receivables | 40 | €82,827 | €58,524 | -€24,303 | -29.3% |
| Other amounts receivable | 41 | €3,753 | €0 | -€3,753 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,641 | €2,811 | -€3,830 | -57.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €298,387 | €282,301 | -€16,086 | -5.4% |
| Equity | 10/15 | €129,327 | €127,565 | -€1,762 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,867 | €107,105 | -€1,762 | -1.6% |
| Amounts payable | 17/49 | €169,061 | €154,736 | -€14,325 | -8.5% |
| Amounts payable after more than one year | 17 | €78,321 | €72,159 | -€6,162 | -7.9% |
| Financial debts | 170/4 | €78,321 | €72,159 | -€6,162 | -7.9% |
| Amounts payable within one year | 42/48 | €90,200 | €82,577 | -€7,623 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €6,025 | €5,852 | -€173 | -2.9% |
| Financial debts | 43 | - | €7,228 | +€7,228 | |
| Credit institutions | 430/8 | - | €7,228 | +€7,228 | |
| Trade debts | 44 | €48,555 | €36,060 | -€12,495 | -25.7% |
| Suppliers | 440/4 | €48,555 | €36,060 | -€12,495 | -25.7% |
| Taxes, remuneration and social security | 45 | €27,523 | €26,140 | -€1,383 | -5.0% |
| Taxes | 450/3 | €15,906 | €12,431 | -€3,475 | -21.8% |
| Remuneration and social security | 454/9 | €11,617 | €13,709 | +€2,092 | +18.0% |
| Other amounts payable | 47/48 | €8,097 | €7,298 | -€799 | -9.9% |
| Accrued charges and deferred income | 492/3 | €539 | €0 | -€539 | -100.0% |
| Remuneration, social security and pensions | 62 | €157,391 | €138,020 | -€19,371 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,069 | €13,069 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,855 | €5,108 | +€253 | +5.2% |
| Other operating charges | 640/8 | €9,709 | €6,578 | -€3,131 | -32.2% |
| Gross operating margin | 9900 | €139,506 | €165,961 | +€26,456 | +19.0% |
| Operating profit (loss) | 9901 | -€45,518 | €3,186 | +€48,705 | |
| Financial income | 75/76B | €177 | €142 | -€35 | -19.5% |
| Recurring financial income | 75 | €177 | €142 | -€35 | -19.5% |
| Financial charges | 65/66B | €13,081 | €4,821 | -€8,260 | -63.1% |
| Recurring financial charges | 65 | €4,795 | €4,821 | +€26 | +0.5% |
| Non-recurring financial charges | 66B | €8,286 | €0 | -€8,286 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,422 | -€1,492 | +€56,930 | +97.4% |
| Income taxes | 67/77 | €285 | €269 | -€16 | -5.5% |
| Profit (loss) for the period | 9904 | -€58,707 | -€1,762 | +€56,946 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,707 | -€1,762 | +€56,946 | +97.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.