FB 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.
FB CONSTRUCT
Largest movements
- Receivables within one year +€150,413
up €150,413 (+91.8%), from €163,811 to €314,224
of which Trade receivables: +€167,711
- Tangible fixed assets +€33,407
up €33,407 (+6.2%), from €537,002 to €570,409
of which Leasing and similar rights: +€47,031
- Stocks and contracts +€27,275
up €27,275 (+20.5%), from €133,032 to €160,307
of which Stocks: +€23,890
- Deferred charges and accrued income +€12,143
up €12,143 (+528.6%), from €2,297 to €14,440
- Trade debts +€71,267
up €71,267 (+122.2%), from €58,309 to €129,576
- Reserves +€66,036
up €66,036 (+15.1%), from €438,747 to €504,783
of which Distributable reserves: +€66,036
- Short-term financial debts +€50,000
up €50,000 (+250.0%), from €20,000 to €70,000
- Debts after one year +€22,832
up €22,832 (+11.2%), from €203,050 to €225,882
- Gross operating margin +€33,351
up €33,351 (+17.6%), from €189,487 to €222,838
- Staff costs -€22,499
down €22,499 (-45.3%), from €49,699 to €27,201
- Depreciation -€14,431
down €14,431 (-23.3%), from €61,870 to €47,439
- Taxes +€7,628
up €7,628 (+59.4%), from €12,833 to €20,460
- Financial charges +€4,197
up €4,197 (+39.6%), from €10,596 to €14,793
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 | €907,604 | €1,126,966 | +€219,362 | +24.2% |
| Fixed assets | 21/28 | €540,341 | €572,069 | +€31,728 | +5.9% |
| Intangible fixed assets | 21 | €2,839 | €1,160 | -€1,679 | -59.1% |
| Tangible fixed assets | 22/27 | €537,002 | €570,409 | +€33,407 | +6.2% |
| Land and buildings | 22 | €168,156 | €162,379 | -€5,777 | -3.4% |
| Plant, machinery and equipment | 23 | €217,474 | €202,787 | -€14,687 | -6.8% |
| Furniture and vehicles | 24 | €10,906 | €17,745 | +€6,840 | +62.7% |
| Leasing and similar rights | 25 | €140,467 | €187,498 | +€47,031 | +33.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €367,263 | €554,897 | +€187,634 | +51.1% |
| Amounts receivable after more than one year | 29 | €4,724 | €4,795 | +€71 | +1.5% |
| Other amounts receivable | 291 | €4,724 | €4,795 | +€71 | +1.5% |
| Stocks and contracts in progress | 3 | €133,032 | €160,307 | +€27,275 | +20.5% |
| Stocks | 30/36 | €103,421 | €127,311 | +€23,890 | +23.1% |
| Contracts in progress | 37 | €29,611 | €32,996 | +€3,385 | +11.4% |
| Amounts receivable within one year | 40/41 | €163,811 | €314,224 | +€150,413 | +91.8% |
| Trade receivables | 40 | €128,895 | €296,606 | +€167,711 | +130.1% |
| Other amounts receivable | 41 | €34,916 | €17,618 | -€17,298 | -49.5% |
| Cash at bank and in hand | 54/58 | €63,398 | €61,130 | -€2,269 | -3.6% |
| Deferred charges and accrued income | 490/1 | €2,297 | €14,440 | +€12,143 | +528.6% |
| Total equity and liabilities | 10/49 | €907,604 | €1,126,966 | +€219,362 | +24.2% |
| Equity | 10/15 | €533,755 | €599,392 | +€65,637 | +12.3% |
| Contributions | 10/11 | €88,876 | €88,876 | = | 0.0% |
| Reserves | 13 | €438,747 | €504,783 | +€66,036 | +15.1% |
| Tax-exempt reserves | 132 | €392 | €392 | = | 0.0% |
| Distributable reserves | 133 | €438,356 | €504,391 | +€66,036 | +15.1% |
| Investment grants | 15 | €6,132 | €5,733 | -€399 | -6.5% |
| Provisions and deferred taxes | 16 | €3,158 | €2,952 | -€205 | -6.5% |
| Deferred taxes | 168 | €3,158 | €2,952 | -€205 | -6.5% |
| Amounts payable | 17/49 | €370,692 | €524,622 | +€153,931 | +41.5% |
| Amounts payable after more than one year | 17 | €203,050 | €225,882 | +€22,832 | +11.2% |
| Financial debts | 170/4 | €203,050 | €225,882 | +€22,832 | +11.2% |
| Amounts payable within one year | 42/48 | €166,682 | €297,457 | +€130,775 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €57,249 | €62,508 | +€5,260 | +9.2% |
| Financial debts | 43 | €20,000 | €70,000 | +€50,000 | +250.0% |
| Credit institutions | 430/8 | €20,000 | €70,000 | +€50,000 | +250.0% |
| Trade debts | 44 | €58,309 | €129,576 | +€71,267 | +122.2% |
| Suppliers | 440/4 | €58,309 | €129,576 | +€71,267 | +122.2% |
| Taxes, remuneration and social security | 45 | €10,363 | €13,280 | +€2,917 | +28.1% |
| Taxes | 450/3 | €699 | €9,407 | +€8,708 | +1245.2% |
| Remuneration and social security | 454/9 | €9,664 | €3,873 | -€5,791 | -59.9% |
| Other amounts payable | 47/48 | €20,761 | €22,093 | +€1,331 | +6.4% |
| Accrued charges and deferred income | 492/3 | €959 | €1,283 | +€324 | +33.8% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €49,699 | €27,201 | -€22,499 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,870 | €47,439 | -€14,431 | -23.3% |
| Other operating charges | 640/8 | €5,231 | €4,707 | -€524 | -10.0% |
| Non-recurring operating charges | 66A | - | €41,870 | +€41,870 | |
| Gross operating margin | 9900 | €189,487 | €222,838 | +€33,351 | +17.6% |
| Operating profit (loss) | 9901 | €72,686 | €101,620 | +€28,934 | +39.8% |
| Financial income | 75/76B | €459 | €464 | +€4 | +0.9% |
| Recurring financial income | 75 | €459 | €464 | +€4 | +0.9% |
| Financial charges | 65/66B | €10,596 | €14,793 | +€4,197 | +39.6% |
| Recurring financial charges | 65 | €10,596 | €14,793 | +€4,197 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €62,549 | €87,290 | +€24,741 | +39.6% |
| Transfer from deferred taxes | 780 | €205 | €205 | = | 0.0% |
| Income taxes | 67/77 | €12,833 | €20,460 | +€7,628 | +59.4% |
| Profit (loss) for the period | 9904 | €49,922 | €67,036 | +€17,113 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,922 | €67,036 | +€17,113 | +34.3% |
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 28 September 2026 via checked.be.