F.T. 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.T. CONSTRUCT
Largest movements
- Tangible fixed assets -€20,909
down €20,909 (-7.1%), from €295,699 to €274,790
of which Land and buildings: -€11,824
- Deferred charges and accrued income -€6,772
no longer reported in 2025 (was €6,772)
- Debts after one year -€33,869
down €33,869 (-11.7%), from €290,565 to €256,697
- Other debts +€8,995
up €8,995 (+25.9%), from €34,788 to €43,783
- Profit (loss) carried forward +€6,408
up €6,408, from -€744 to €5,664
- Trade debts -€4,975
down €4,975 (-7.1%), from €69,927 to €64,952
- Staff costs -€30,138
down €30,138 (-17.1%), from €175,840 to €145,702
- Gross operating margin -€9,344
down €9,344 (-4.5%), from €207,082 to €197,738
- Other operating charges +€3,700
up €3,700 (+238%), from €1,558 to €5,257
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 | €485,800 | €460,895 | -€24,905 | -5.1% |
| Fixed assets | 21/28 | €395,826 | €374,917 | -€20,909 | -5.3% |
| Tangible fixed assets | 22/27 | €295,699 | €274,790 | -€20,909 | -7.1% |
| Land and buildings | 22 | €285,551 | €273,727 | -€11,824 | -4.1% |
| Plant, machinery and equipment | 23 | €2,068 | €488 | -€1,580 | -76.4% |
| Leasing and similar rights | 25 | €8,081 | €576 | -€7,505 | -92.9% |
| Financial fixed assets | 28 | €100,127 | €100,127 | = | 0.0% |
| Current assets | 29/58 | €89,974 | €85,978 | -€3,996 | -4.4% |
| Stocks and contracts in progress | 3 | €3,800 | €6,300 | +€2,500 | +65.8% |
| Stocks | 30/36 | €3,800 | €6,300 | +€2,500 | +65.8% |
| Amounts receivable within one year | 40/41 | €76,192 | €76,671 | +€479 | +0.6% |
| Trade receivables | 40 | €65,411 | €73,312 | +€7,901 | +12.1% |
| Other amounts receivable | 41 | €10,781 | €3,359 | -€7,422 | -68.8% |
| Cash at bank and in hand | 54/58 | €3,209 | €3,007 | -€202 | -6.3% |
| Deferred charges and accrued income | 490/1 | €6,772 | - | -€6,772 | |
| Total equity and liabilities | 10/49 | €485,800 | €460,895 | -€24,905 | -5.1% |
| Equity | 10/15 | €17,916 | €24,324 | +€6,408 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60 | €60 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€744 | €5,664 | +€6,408 | |
| Amounts payable | 17/49 | €467,884 | €436,571 | -€31,312 | -6.7% |
| Amounts payable after more than one year | 17 | €290,565 | €256,697 | -€33,869 | -11.7% |
| Financial debts | 170/4 | €290,565 | €256,697 | -€33,869 | -11.7% |
| Amounts payable within one year | 42/48 | €177,319 | €179,875 | +€2,556 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €22,265 | €18,123 | -€4,142 | -18.6% |
| Financial debts | 43 | €45,824 | €50,000 | +€4,176 | +9.1% |
| Other loans | 439 | €45,824 | €50,000 | +€4,176 | +9.1% |
| Trade debts | 44 | €69,927 | €64,952 | -€4,975 | -7.1% |
| Suppliers | 440/4 | €69,927 | €64,952 | -€4,975 | -7.1% |
| Taxes, remuneration and social security | 45 | €4,515 | €3,017 | -€1,498 | -33.2% |
| Taxes | 450/3 | €385 | €400 | +€15 | +3.9% |
| Remuneration and social security | 454/9 | €4,130 | €2,617 | -€1,513 | -36.6% |
| Other amounts payable | 47/48 | €34,788 | €43,783 | +€8,995 | +25.9% |
| Remuneration, social security and pensions | 62 | €175,840 | €145,702 | -€30,138 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,007 | €20,909 | +€901 | +4.5% |
| Other operating charges | 640/8 | €1,558 | €5,257 | +€3,700 | +238% |
| Gross operating margin | 9900 | €207,082 | €197,738 | -€9,344 | -4.5% |
| Operating profit (loss) | 9901 | €9,677 | €25,869 | +€16,193 | +167% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €18,220 | €19,062 | +€842 | +4.6% |
| Recurring financial charges | 65 | €18,220 | €19,062 | +€842 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,543 | €6,808 | +€15,351 | |
| Income taxes | 67/77 | €385 | €400 | +€15 | +3.9% |
| Profit (loss) for the period | 9904 | -€8,928 | €6,408 | +€15,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,928 | €6,408 | +€15,336 |
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 26 October 2026 via checked.be.