FA-CONSTRUCT: 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.
FA-CONSTRUCT
Largest movements
- Cash +€135,776
up €135,776 (+67.4%), from €201,405 to €337,180
mainly Net result for the year (+€146,933) and Receivables within one year (+€69,866)
- Receivables within one year -€69,866
down €69,866 (-33.5%), from €208,620 to €138,754
of which Trade receivables: -€82,428
- Tangible fixed assets -€26,006
down €26,006 (-35.3%), from €73,652 to €47,647
of which Furniture and vehicles: -€18,964
- Reserves +€75,505
up €75,505 (+22.4%), from €336,773 to €412,277
of which Distributable reserves: +€73,645
- Trade debts -€38,033
down €38,033 (-95.1%), from €39,984 to €1,950
- Tax, wage and social debts +€17,492
up €17,492 (+206.3%), from €8,478 to €25,970
- Other debts -€7,381
down €7,381 (-9.3%), from €79,451 to €72,070
- Gross operating margin +€15,377
up €15,377 (+7.2%), from €214,196 to €229,573
- Depreciation +€10,864
up €10,864 (+71.7%), from €15,142 to €26,006
- Taxes +€2,299
up €2,299 (+4.5%), from €51,524 to €53,823
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 | €495,739 | €536,375 | +€40,636 | +8.2% |
| Fixed assets | 21/28 | €75,352 | €49,347 | -€26,006 | -34.5% |
| Tangible fixed assets | 22/27 | €73,652 | €47,647 | -€26,006 | -35.3% |
| Plant, machinery and equipment | 23 | €27,300 | €20,258 | -€7,042 | -25.8% |
| Furniture and vehicles | 24 | €46,352 | €27,388 | -€18,964 | -40.9% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €420,387 | €487,029 | +€66,642 | +15.9% |
| Stocks and contracts in progress | 3 | €5,305 | €4,880 | -€425 | -8.0% |
| Stocks | 30/36 | €5,305 | €4,880 | -€425 | -8.0% |
| Amounts receivable within one year | 40/41 | €208,620 | €138,754 | -€69,866 | -33.5% |
| Trade receivables | 40 | €160,315 | €77,888 | -€82,428 | -51.4% |
| Other amounts receivable | 41 | €48,305 | €60,866 | +€12,561 | +26.0% |
| Cash at bank and in hand | 54/58 | €201,405 | €337,180 | +€135,776 | +67.4% |
| Deferred charges and accrued income | 490/1 | €5,057 | €6,214 | +€1,157 | +22.9% |
| Total equity and liabilities | 10/49 | €495,739 | €536,375 | +€40,636 | +8.2% |
| Equity | 10/15 | €355,775 | €431,280 | +€75,505 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €336,773 | €412,277 | +€75,505 | +22.4% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €336,773 | €410,417 | +€73,645 | +21.9% |
| Profit (loss) carried forward | 14 | €403 | €403 | = | 0.0% |
| Amounts payable | 17/49 | €139,964 | €105,095 | -€34,869 | -24.9% |
| Amounts payable after more than one year | 17 | €5,083 | €1,216 | -€3,867 | -76.1% |
| Financial debts | 170/4 | €5,083 | €1,216 | -€3,867 | -76.1% |
| Amounts payable within one year | 42/48 | €133,321 | €103,858 | -€29,463 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €5,408 | €3,867 | -€1,541 | -28.5% |
| Trade debts | 44 | €39,984 | €1,950 | -€38,033 | -95.1% |
| Suppliers | 440/4 | €39,984 | €1,950 | -€38,033 | -95.1% |
| Taxes, remuneration and social security | 45 | €8,478 | €25,970 | +€17,492 | +206.3% |
| Taxes | 450/3 | €8,478 | €25,970 | +€17,492 | +206.3% |
| Other amounts payable | 47/48 | €79,451 | €72,070 | -€7,381 | -9.3% |
| Accrued charges and deferred income | 492/3 | €1,559 | €21 | -€1,538 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,142 | €26,006 | +€10,864 | +71.7% |
| Other operating charges | 640/8 | €1,503 | €1,421 | -€82 | -5.4% |
| Gross operating margin | 9900 | €214,196 | €229,573 | +€15,377 | +7.2% |
| Operating profit (loss) | 9901 | €197,551 | €202,146 | +€4,595 | +2.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2450.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2450.0% |
| Financial charges | 65/66B | €1,879 | €1,391 | -€488 | -26.0% |
| Recurring financial charges | 65 | €1,879 | €1,391 | -€488 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €195,672 | €200,756 | +€5,084 | +2.6% |
| Income taxes | 67/77 | €51,524 | €53,823 | +€2,299 | +4.5% |
| Profit (loss) for the period | 9904 | €144,147 | €146,933 | +€2,786 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €144,147 | €146,933 | +€2,786 | +1.9% |
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 6 October 2026 via checked.be.