FAG 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.
FAG CONSTRUCT
Largest movements
- Receivables within one year +€39,070
up €39,070 (+172.9%), from €22,597 to €61,667
of which Trade receivables: +€40,501
- Cash -€26,133
down €26,133 (-65.4%), from €39,986 to €13,853
mainly Receivables within one year (-€39,070) and Net result for the year (-€20,831)
- Tangible fixed assets -€2,932
down €2,932 (-48.5%), from €6,042 to €3,110
of which Furniture and vehicles: -€4,132
- Deferred charges and accrued income -€2,279
down €2,279 (-48.8%), from €4,666 to €2,387
- Trade debts +€34,261
up €34,261 (+191.2%), from €17,917 to €52,178
- Profit (loss) carried forward -€20,831
down €20,831 (-54.0%), from €38,555 to €17,724
- Tax, wage and social debts -€3,325
down €3,325 (-37.4%), from €8,900 to €5,575
of which Remuneration and social security: -€4,000
- Current portion of long-term debt -€2,378
no longer reported in 2025 (was €2,378)
- Gross operating margin +€39,183
up €39,183 (+74.9%), from -€52,343 to -€13,160
- Depreciation -€3,098
down €3,098 (-40.5%), from €7,643 to €4,545
- Other operating charges +€538
up €538 (+18.1%), from €2,974 to €3,512
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 | €75,810 | €83,537 | +€7,727 | +10.2% |
| Fixed assets | 21/28 | €8,562 | €5,630 | -€2,932 | -34.2% |
| Tangible fixed assets | 22/27 | €6,042 | €3,110 | -€2,932 | -48.5% |
| Plant, machinery and equipment | 23 | - | €1,201 | +€1,201 | |
| Furniture and vehicles | 24 | €6,042 | €1,910 | -€4,132 | -68.4% |
| Financial fixed assets | 28 | €2,520 | €2,520 | = | 0.0% |
| Current assets | 29/58 | €67,249 | €77,907 | +€10,658 | +15.8% |
| Amounts receivable within one year | 40/41 | €22,597 | €61,667 | +€39,070 | +172.9% |
| Trade receivables | 40 | €12,628 | €53,128 | +€40,501 | +320.7% |
| Other amounts receivable | 41 | €9,969 | €8,538 | -€1,431 | -14.4% |
| Cash at bank and in hand | 54/58 | €39,986 | €13,853 | -€26,133 | -65.4% |
| Deferred charges and accrued income | 490/1 | €4,666 | €2,387 | -€2,279 | -48.8% |
| Total equity and liabilities | 10/49 | €75,810 | €83,537 | +€7,727 | +10.2% |
| Equity | 10/15 | €46,615 | €25,784 | -€20,831 | -44.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,555 | €17,724 | -€20,831 | -54.0% |
| Amounts payable | 17/49 | €29,195 | €57,753 | +€28,558 | +97.8% |
| Amounts payable within one year | 42/48 | €29,195 | €57,753 | +€28,558 | +97.8% |
| Current portion of amounts payable after more than one year | 42 | €2,378 | - | -€2,378 | |
| Trade debts | 44 | €17,917 | €52,178 | +€34,261 | +191.2% |
| Suppliers | 440/4 | €17,917 | €52,178 | +€34,261 | +191.2% |
| Taxes, remuneration and social security | 45 | €8,900 | €5,575 | -€3,325 | -37.4% |
| Taxes | 450/3 | €2,200 | €2,875 | +€675 | +30.7% |
| Remuneration and social security | 454/9 | €6,700 | €2,700 | -€4,000 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,643 | €4,545 | -€3,098 | -40.5% |
| Other operating charges | 640/8 | €2,974 | €3,512 | +€538 | +18.1% |
| Non-recurring operating charges | 66A | €282 | - | -€282 | |
| Gross operating margin | 9900 | -€52,343 | -€13,160 | +€39,183 | +74.9% |
| Operating profit (loss) | 9901 | -€63,242 | -€21,217 | +€42,026 | +66.5% |
| Financial income | 75/76B | €264 | €551 | +€287 | +109.0% |
| Recurring financial income | 75 | €264 | €551 | +€287 | +109.0% |
| Financial charges | 65/66B | €429 | €166 | -€263 | -61.3% |
| Recurring financial charges | 65 | €429 | €166 | -€263 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,407 | -€20,831 | +€42,576 | +67.1% |
| Profit (loss) for the period | 9904 | -€63,407 | -€20,831 | +€42,576 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,407 | -€20,831 | +€42,576 | +67.1% |
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 11 October 2026 via checked.be.