F. R 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. R CONSTRUCTION
Largest movements
- Receivables within one year +€12,906
up €12,906 (+21.2%), from €60,937 to €73,844
of which Trade receivables: +€7,679
- Tangible fixed assets -€5,187
down €5,187 (-69.5%), from €7,464 to €2,277
of which Furniture and vehicles: -€4,209
- Cash +€3,973
up €3,973 (+92.8%), from €4,280 to €8,252
mainly Other debts (+€25,427) and Tax, wage and social debts (+€6,825)
- Other debts +€25,427
up €25,427, from €0 to €25,427
- Reserves -€24,427
down €24,427 (-56.3%), from €43,367 to €18,940
- Tax, wage and social debts +€6,825
up €6,825 (+222%), from €3,070 to €9,896
- Debts after one year +€6,092
new in 2025: €6,092
- Trade debts -€5,238
down €5,238 (-47.1%), from €11,124 to €5,887
- Gross operating margin -€6,850
down €6,850 (-19.9%), from €34,418 to €27,568
- Other operating charges +€3,764
up €3,764 (+28.3%), from €13,294 to €17,058
- Taxes +€3,755
up €3,755 (+122%), from €3,070 to €6,825
- Depreciation -€2,109
down €2,109 (-28.9%), from €7,296 to €5,187
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 | €76,204 | €88,126 | +€11,922 | +15.6% |
| Fixed assets | 21/28 | €8,139 | €2,952 | -€5,187 | -63.7% |
| Tangible fixed assets | 22/27 | €7,464 | €2,277 | -€5,187 | -69.5% |
| Plant, machinery and equipment | 23 | €978 | €0 | -€978 | -100% |
| Furniture and vehicles | 24 | €6,485 | €2,277 | -€4,209 | -64.9% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €68,066 | €85,174 | +€17,109 | +25.1% |
| Amounts receivable within one year | 40/41 | €60,937 | €73,844 | +€12,906 | +21.2% |
| Trade receivables | 40 | €6,296 | €13,975 | +€7,679 | +122% |
| Other amounts receivable | 41 | €54,642 | €59,869 | +€5,227 | +9.6% |
| Cash at bank and in hand | 54/58 | €4,280 | €8,252 | +€3,973 | +92.8% |
| Deferred charges and accrued income | 490/1 | €2,849 | €3,078 | +€230 | +8.1% |
| Total equity and liabilities | 10/49 | €76,204 | €88,126 | +€11,922 | +15.6% |
| Equity | 10/15 | €62,010 | €37,592 | -€24,418 | -39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,367 | €18,940 | -€24,427 | -56.3% |
| Distributable reserves | 133 | €43,367 | €18,940 | -€24,427 | -56.3% |
| Profit (loss) carried forward | 14 | €43 | €52 | +€9 | +22.1% |
| Amounts payable | 17/49 | €14,194 | €50,534 | +€36,340 | +256% |
| Amounts payable after more than one year | 17 | - | €6,092 | +€6,092 | |
| Financial debts | 170/4 | - | €6,092 | +€6,092 | |
| Amounts payable within one year | 42/48 | €14,194 | €44,442 | +€30,248 | +213% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,233 | +€3,233 | |
| Trade debts | 44 | €11,124 | €5,887 | -€5,238 | -47.1% |
| Suppliers | 440/4 | €11,124 | €5,887 | -€5,238 | -47.1% |
| Taxes, remuneration and social security | 45 | €3,070 | €9,896 | +€6,825 | +222% |
| Taxes | 450/3 | €3,070 | €9,896 | +€6,825 | +222% |
| Other amounts payable | 47/48 | €0 | €25,427 | +€25,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,296 | €5,187 | -€2,109 | -28.9% |
| Other operating charges | 640/8 | €13,294 | €17,058 | +€3,764 | +28.3% |
| Gross operating margin | 9900 | €34,418 | €27,568 | -€6,850 | -19.9% |
| Operating profit (loss) | 9901 | €13,828 | €5,323 | -€8,505 | -61.5% |
| Financial income | 75/76B | €2,849 | €3,078 | +€229 | +8.1% |
| Recurring financial income | 75 | €2,849 | €3,078 | +€229 | +8.1% |
| Financial charges | 65/66B | €600 | €567 | -€33 | -5.4% |
| Recurring financial charges | 65 | €600 | €567 | -€33 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €16,077 | €7,835 | -€8,243 | -51.3% |
| Income taxes | 67/77 | €3,070 | €6,825 | +€3,755 | +122% |
| Profit (loss) for the period | 9904 | €13,007 | €1,009 | -€11,998 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,007 | €1,009 | -€11,998 | -92.2% |
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.