F-TECH: what changed
What changed
F-TECH
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€136,642
2024 · €100,020+€36,622
Equity
€653,282
2024 · €566,886+€86,396
Cash
€108,829
2024 · €143,528-€34,699
Balance sheet total
€2.0m
2024 · €1.5m+€480,810
Largest movements
Assets
- Stocks and contracts +€223,486
up €223,486 (+139%), from €160,584 to €384,070
- Receivables within one year +€150,295
up €150,295 (+72.2%), from €208,219 to €358,514
of which Other amounts receivable: +€126,727
- Tangible fixed assets +€143,400
up €143,400 (+14.3%), from €1.0m to €1.1m
of which Leasing and similar rights: +€262,907
- Cash -€34,699
down €34,699 (-24.2%), from €143,528 to €108,829
mainly Investment in fixed assets (net) (-€311,052) and Stocks and contracts (-€223,486)
Equity and liabilities
- Short-term financial debts +€150,000
up €150,000 (+300%), from €50,000 to €200,000
- Trade debts +€116,221
up €116,221 (+328%), from €35,436 to €151,656
- Debts after one year +€76,159
up €76,159 (+14.8%), from €514,203 to €590,362
- Profit (loss) carried forward +€73,477
up €73,477 (+68.3%), from €107,553 to €181,029
- Tax, wage and social debts +€34,365
up €34,365 (+42.2%), from €81,509 to €115,875
of which Remuneration and social security: +€44,211
Income statement
- Gross operating margin +€246,116
up €246,116 (+48.8%), from €504,683 to €750,799
- Staff costs +€155,897
up €155,897 (+66.1%), from €236,026 to €391,924
- Depreciation +€45,539
up €45,539 (+36.7%), from €124,246 to €169,786
- Taxes -€25,705
down €25,705 (-79.5%), from €32,347 to €6,642
- Other operating charges +€14,827
up €14,827 (+164%), from €9,049 to €23,875
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€100,020
Gross operating margin
+€246,116
Staff costs
-€155,897
Depreciation
-€45,539
Other operating charges
-€14,827
Financial income
-€2,466
Financial charges
-€12,081
Taxes
+€25,705
Deferred taxes and other
-€4,388
Result 2025
€136,642
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,357
Investment
-€311,052
Financing
+€202,997
Cash 2024
€143,528
From operations (derived)
+€73,357
Net result for the year
+€136,642
Depreciation
+€169,786
Stocks and contracts
-€223,486
Receivables within one year
-€150,295
Deferred charges and accrued income
-€461
Provisions
+€4,388
Trade debts
+€116,221
Tax, wage and social debts
+€34,365
Advances received
-€21,966
Other debts
+€4,062
Accrued charges and deferred income
+€4,101
Investment (derived)
-€311,052
Investment in fixed assets (net)
-€311,052
Financing
+€202,997
Debts after one year
+€76,159
Current portion of long-term debt
+€27,082
Short-term financial debts
+€150,000
Contributions, distributions and other
-€50,245
Cash 2025
€108,829
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,527,053 | €2,007,862 | +€480,810 | +31.5% |
| Fixed assets | 21/28 | €1,013,809 | €1,155,075 | +€141,267 | +13.9% |
| Intangible fixed assets | 21 | €4,336 | €2,002 | -€2,334 | -53.8% |
| Tangible fixed assets | 22/27 | €1,005,913 | €1,149,313 | +€143,400 | +14.3% |
| Land and buildings | 22 | €772,762 | €720,285 | -€52,477 | -6.8% |
| Plant, machinery and equipment | 23 | €112,327 | €99,319 | -€13,007 | -11.6% |
| Furniture and vehicles | 24 | €71,341 | €17,318 | -€54,022 | -75.7% |
| Leasing and similar rights | 25 | €49,483 | €312,390 | +€262,907 | +531% |
| Financial fixed assets | 28 | €3,560 | €3,760 | +€200 | +5.6% |
| Current assets | 29/58 | €513,244 | €852,787 | +€339,543 | +66.2% |
| Stocks and contracts in progress | 3 | €160,584 | €384,070 | +€223,486 | +139% |
| Stocks | 30/36 | €160,584 | €384,070 | +€223,486 | +139% |
| Amounts receivable within one year | 40/41 | €208,219 | €358,514 | +€150,295 | +72.2% |
| Trade receivables | 40 | €189,191 | €212,759 | +€23,568 | +12.5% |
| Other amounts receivable | 41 | €19,028 | €145,756 | +€126,727 | +666% |
| Cash at bank and in hand | 54/58 | €143,528 | €108,829 | -€34,699 | -24.2% |
| Deferred charges and accrued income | 490/1 | €913 | €1,374 | +€461 | +50.5% |
| Total equity and liabilities | 10/49 | €1,527,053 | €2,007,862 | +€480,810 | +31.5% |
| Equity | 10/15 | €566,886 | €653,282 | +€86,396 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,527 | €393,692 | +€13,165 | +3.5% |
| Tax-exempt reserves | 132 | €648 | €13,813 | +€13,165 | +2,033% |
| Distributable reserves | 133 | €379,880 | €379,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,553 | €181,029 | +€73,477 | +68.3% |
| Investment grants | 15 | €60,206 | €59,961 | -€245 | -0.4% |
| Provisions and deferred taxes | 16 | - | €4,388 | +€4,388 | |
| Deferred taxes | 168 | - | €4,388 | +€4,388 | |
| Amounts payable | 17/49 | €960,167 | €1,350,192 | +€390,025 | +40.6% |
| Amounts payable after more than one year | 17 | €514,203 | €590,362 | +€76,159 | +14.8% |
| Financial debts | 170/4 | €514,203 | €590,362 | +€76,159 | +14.8% |
| Amounts payable within one year | 42/48 | €445,301 | €755,066 | +€309,765 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €155,775 | €182,858 | +€27,082 | +17.4% |
| Financial debts | 43 | €50,000 | €200,000 | +€150,000 | +300% |
| Credit institutions | 430/8 | €50,000 | €200,000 | +€150,000 | +300% |
| Trade debts | 44 | €35,436 | €151,656 | +€116,221 | +328% |
| Suppliers | 440/4 | €35,436 | €151,656 | +€116,221 | +328% |
| Advances received on contracts in progress | 46 | €76,642 | €54,677 | -€21,966 | -28.7% |
| Taxes, remuneration and social security | 45 | €81,509 | €115,875 | +€34,365 | +42.2% |
| Taxes | 450/3 | €59,197 | €49,351 | -€9,846 | -16.6% |
| Remuneration and social security | 454/9 | €22,313 | €66,524 | +€44,211 | +198% |
| Other amounts payable | 47/48 | €45,938 | €50,000 | +€4,062 | +8.8% |
| Accrued charges and deferred income | 492/3 | €663 | €4,764 | +€4,101 | +618% |
| Non-recurring operating income | 76A | - | €21,919 | +€21,919 | |
| Remuneration, social security and pensions | 62 | €236,026 | €391,924 | +€155,897 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,246 | €169,786 | +€45,539 | +36.7% |
| Other operating charges | 640/8 | €9,049 | €23,875 | +€14,827 | +164% |
| Gross operating margin | 9900 | €504,683 | €750,799 | +€246,116 | +48.8% |
| Operating profit (loss) | 9901 | €135,362 | €165,214 | +€29,852 | +22.1% |
| Financial income | 75/76B | €22,909 | €20,443 | -€2,466 | -10.8% |
| Recurring financial income | 75 | €22,909 | €20,443 | -€2,466 | -10.8% |
| Financial charges | 65/66B | €25,905 | €37,985 | +€12,081 | +46.6% |
| Recurring financial charges | 65 | €25,905 | €37,985 | +€12,081 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €132,367 | €147,672 | +€15,305 | +11.6% |
| Transfer from deferred taxes | 780 | - | €987 | +€987 | |
| Transfer to deferred taxes | 680 | - | €5,375 | +€5,375 | |
| Income taxes | 67/77 | €32,347 | €6,642 | -€25,705 | -79.5% |
| Profit (loss) for the period | 9904 | €100,020 | €136,642 | +€36,622 | +36.6% |
| Transfer from tax-exempt reserves | 789 | - | €2,960 | +€2,960 | |
| Transfer to tax-exempt reserves | 689 | - | €16,125 | +€16,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,020 | €123,477 | +€23,457 | +23.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.