FAFEL 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.
FAFEL CONSTRUCT
Largest movements
- Receivables within one year +€121,331
up €121,331 (+76.1%), from €159,525 to €280,857
of which Trade receivables: +€118,906
- Trade debts +€84,521
up €84,521 (+573%), from €14,754 to €99,276
- Profit (loss) carried forward +€33,579
up €33,579 (+29.7%), from €112,889 to €146,467
- Tax, wage and social debts +€4,325
up €4,325 (+368%), from €1,175 to €5,500
- Gross operating margin +€36,791
up €36,791 (+192%), from €19,144 to €55,936
- Taxes +€15,025
up €15,025, from -€2,080 to €12,945
- Staff costs +€8,054
new in 2025: €8,054
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 | €181,534 | €302,250 | +€120,717 | +66.5% |
| Fixed assets | 21/28 | €6,047 | €5,250 | -€797 | -13.2% |
| Tangible fixed assets | 22/27 | €797 | - | -€797 | |
| Furniture and vehicles | 24 | €797 | - | -€797 | |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €175,487 | €297,000 | +€121,514 | +69.2% |
| Amounts receivable within one year | 40/41 | €159,525 | €280,857 | +€121,331 | +76.1% |
| Trade receivables | 40 | €149,813 | €268,718 | +€118,906 | +79.4% |
| Other amounts receivable | 41 | €9,713 | €12,138 | +€2,426 | +25.0% |
| Cash at bank and in hand | 54/58 | €15,961 | €16,144 | +€182 | +1.1% |
| Total equity and liabilities | 10/49 | €181,534 | €302,250 | +€120,717 | +66.5% |
| Equity | 10/15 | €124,749 | €158,327 | +€33,579 | +26.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,889 | €146,467 | +€33,579 | +29.7% |
| Amounts payable | 17/49 | €56,785 | €143,923 | +€87,138 | +153% |
| Amounts payable within one year | 42/48 | €56,785 | €143,923 | +€87,138 | +153% |
| Current portion of amounts payable after more than one year | 42 | €4,414 | €2,531 | -€1,883 | -42.7% |
| Trade debts | 44 | €14,754 | €99,276 | +€84,521 | +573% |
| Suppliers | 440/4 | €14,754 | €99,276 | +€84,521 | +573% |
| Taxes, remuneration and social security | 45 | €1,175 | €5,500 | +€4,325 | +368% |
| Taxes | 450/3 | €1,175 | €5,500 | +€4,325 | +368% |
| Other amounts payable | 47/48 | €36,442 | €36,616 | +€175 | +0.5% |
| Remuneration, social security and pensions | 62 | - | €8,054 | +€8,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,104 | €797 | -€307 | -27.8% |
| Other operating charges | 640/8 | €174 | €144 | -€30 | -17.3% |
| Gross operating margin | 9900 | €19,144 | €55,936 | +€36,791 | +192% |
| Operating profit (loss) | 9901 | €17,867 | €46,941 | +€29,075 | +163% |
| Financial income | 75/76B | €1 | €1 | -€0 | -30.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -30.0% |
| Financial charges | 65/66B | €583 | €418 | -€166 | -28.4% |
| Recurring financial charges | 65 | €583 | €418 | -€166 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €17,284 | €46,524 | +€29,240 | +169% |
| Income taxes | 67/77 | -€2,080 | €12,945 | +€15,025 | |
| Profit (loss) for the period | 9904 | €19,364 | €33,579 | +€14,215 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,364 | €33,579 | +€14,215 | +73.4% |
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 22 October 2026 via checked.be.