FAVORIT 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.
FAVORIT CONSTRUCT
Largest movements
- Deferred charges and accrued income -€138,852
no longer reported in 2025 (was €138,852)
- Cash -€48,062
down €48,062 (-76.9%), from €62,513 to €14,451
mainly Trade debts (-€227,580) and Investment in fixed assets (net) (-€59,158)
- Tangible fixed assets +€27,344
up €27,344 (+42.4%), from €64,442 to €91,786
- Trade debts -€227,580
down €227,580 (-63.0%), from €361,504 to €133,924
of which Bills of exchange payable: -€311,654
- Profit (loss) carried forward +€38,728
up €38,728 (+28.6%), from €135,599 to €174,327
- Other debts +€20,503
new in 2025: €20,503
- Debts after one year -€11,562
down €11,562 (-44.6%), from €25,923 to €14,361
- Tax, wage and social debts +€10,432
up €10,432 (+47.0%), from €22,182 to €32,614
of which Remuneration and social security: +€11,405
- Turnover -€290,461
down €290,461 (-24.6%), from €1.2m to €888,529
- Purchases and services -€275,750
down €275,750 (-25.4%), from €1.1m to €809,877
- Gross operating margin +€25,959
up €25,959 (+27.8%), from €93,364 to €119,324
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 | €573,552 | €409,037 | -€164,515 | -28.7% |
| Fixed assets | 21/28 | €64,642 | €91,986 | +€27,344 | +42.3% |
| Tangible fixed assets | 22/27 | €64,442 | €91,786 | +€27,344 | +42.4% |
| Furniture and vehicles | 24 | €64,442 | €91,786 | +€27,344 | +42.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €508,910 | €317,051 | -€191,859 | -37.7% |
| Amounts receivable within one year | 40/41 | €307,545 | €302,600 | -€4,945 | -1.6% |
| Trade receivables | 40 | €280,312 | €272,940 | -€7,372 | -2.6% |
| Other amounts receivable | 41 | €27,234 | €29,661 | +€2,427 | +8.9% |
| Cash at bank and in hand | 54/58 | €62,513 | €14,451 | -€48,062 | -76.9% |
| Deferred charges and accrued income | 490/1 | €138,852 | - | -€138,852 | |
| Total equity and liabilities | 10/49 | €573,552 | €409,037 | -€164,515 | -28.7% |
| Equity | 10/15 | €143,659 | €182,387 | +€38,728 | +27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,599 | €174,327 | +€38,728 | +28.6% |
| Amounts payable | 17/49 | €429,893 | €226,650 | -€203,243 | -47.3% |
| Amounts payable after more than one year | 17 | €25,923 | €14,361 | -€11,562 | -44.6% |
| Financial debts | 170/4 | €25,923 | €14,361 | -€11,562 | -44.6% |
| Amounts payable within one year | 42/48 | €403,971 | €212,289 | -€191,681 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €20,285 | €25,247 | +€4,963 | +24.5% |
| Trade debts | 44 | €361,504 | €133,924 | -€227,580 | -63.0% |
| Suppliers | 440/4 | €49,849 | €133,924 | +€84,075 | +168.7% |
| Bills of exchange payable | 441 | €311,654 | - | -€311,654 | |
| Taxes, remuneration and social security | 45 | €22,182 | €32,614 | +€10,432 | +47.0% |
| Taxes | 450/3 | €18,024 | €17,051 | -€973 | -5.4% |
| Remuneration and social security | 454/9 | €4,158 | €15,563 | +€11,405 | +274.3% |
| Other amounts payable | 47/48 | - | €20,503 | +€20,503 | |
| Turnover | 70 | €1,178,990 | €888,529 | -€290,461 | -24.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,085,626 | €809,877 | -€275,750 | -25.4% |
| Remuneration, social security and pensions | 62 | €33,433 | €33,595 | +€162 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,356 | €31,814 | +€1,458 | +4.8% |
| Other operating charges | 640/8 | €1,943 | €2,653 | +€710 | +36.5% |
| Gross operating margin | 9900 | €93,364 | €119,324 | +€25,959 | +27.8% |
| Operating profit (loss) | 9901 | €27,632 | €51,262 | +€23,630 | +85.5% |
| Financial income | 75/76B | €86 | - | -€86 | |
| Recurring financial income | 75 | €86 | - | -€86 | |
| Financial charges | 65/66B | €1,980 | €2,083 | +€103 | +5.2% |
| Recurring financial charges | 65 | €1,980 | €2,083 | +€103 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €25,738 | €49,179 | +€23,441 | +91.1% |
| Income taxes | 67/77 | €6,624 | €10,451 | +€3,827 | +57.8% |
| Profit (loss) for the period | 9904 | €19,114 | €38,728 | +€19,614 | +102.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,114 | €38,728 | +€19,614 | +102.6% |
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 10 October 2026 via checked.be.