FCO-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.
FCO-Construct
Largest movements
- Stocks and contracts +€287,461
up €287,461 (+625.4%), from €45,964 to €333,425
- Cash -€242,463
down €242,463 (-66.3%), from €365,790 to €123,327
mainly Stocks and contracts (-€287,461) and Net result for the year (-€155,244)
- Receivables within one year +€113,834
up €113,834 (+158.6%), from €71,768 to €185,602
of which Other amounts receivable: +€129,549
- Receivables after one year +€19,689
up €19,689 (+4.4%), from €451,440 to €471,129
- Tangible fixed assets -€17,805
down €17,805 (-30.3%), from €58,699 to €40,894
of which Furniture and vehicles: -€16,930
- Other debts +€296,716
new in 2024: €296,716
- Reserves -€146,858
down €146,858 (-15.1%), from €973,516 to €826,658
- Trade debts +€12,952
up €12,952 (+141.5%), from €9,152 to €22,104
- Gross operating margin -€97,116
down €97,116 (-229.4%), from -€42,327 to -€139,443
- Provisions +€74,632
no longer reported in 2024 (was -€74,632)
- Staff costs -€31,392
no longer reported in 2024 (was €31,392)
- Taxes +€22,581
up €22,581 (+6255.0%), from €361 to €22,942
- Financial income +€16,424
up €16,424 (+111.2%), from €14,776 to €31,200
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €997,937 | €1,156,066 | +€158,129 | +15.8% |
| Fixed assets | 21/28 | €60,767 | €40,894 | -€19,873 | -32.7% |
| Tangible fixed assets | 22/27 | €58,699 | €40,894 | -€17,805 | -30.3% |
| Plant, machinery and equipment | 23 | €5,666 | €4,792 | -€874 | -15.4% |
| Furniture and vehicles | 24 | €53,033 | €36,103 | -€16,930 | -31.9% |
| Financial fixed assets | 28 | €2,068 | - | -€2,068 | |
| Current assets | 29/58 | €937,170 | €1,115,171 | +€178,001 | +19.0% |
| Amounts receivable after more than one year | 29 | €451,440 | €471,129 | +€19,689 | +4.4% |
| Other amounts receivable | 291 | €451,440 | €471,129 | +€19,689 | +4.4% |
| Stocks and contracts in progress | 3 | €45,964 | €333,425 | +€287,461 | +625.4% |
| Stocks | 30/36 | €45,964 | €333,425 | +€287,461 | +625.4% |
| Amounts receivable within one year | 40/41 | €71,768 | €185,602 | +€113,834 | +158.6% |
| Trade receivables | 40 | €15,715 | - | -€15,715 | |
| Other amounts receivable | 41 | €56,053 | €185,602 | +€129,549 | +231.1% |
| Cash at bank and in hand | 54/58 | €365,790 | €123,327 | -€242,463 | -66.3% |
| Deferred charges and accrued income | 490/1 | €2,208 | €1,688 | -€520 | -23.6% |
| Total equity and liabilities | 10/49 | €997,937 | €1,156,066 | +€158,129 | +15.8% |
| Equity | 10/15 | €988,102 | €832,858 | -€155,244 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €973,516 | €826,658 | -€146,858 | -15.1% |
| Distributable reserves | 133 | €973,516 | €826,658 | -€146,858 | -15.1% |
| Profit (loss) carried forward | 14 | €8,386 | - | -€8,386 | |
| Amounts payable | 17/49 | €9,835 | €323,208 | +€313,373 | +3186.3% |
| Amounts payable within one year | 42/48 | €9,835 | €320,092 | +€310,257 | +3154.6% |
| Trade debts | 44 | €9,152 | €22,104 | +€12,952 | +141.5% |
| Suppliers | 440/4 | €9,152 | €22,104 | +€12,952 | +141.5% |
| Taxes, remuneration and social security | 45 | €683 | €1,271 | +€588 | +86.1% |
| Taxes | 450/3 | €683 | €1,271 | +€588 | +86.1% |
| Other amounts payable | 47/48 | - | €296,716 | +€296,716 | |
| Accrued charges and deferred income | 492/3 | - | €3,116 | +€3,116 | |
| Remuneration, social security and pensions | 62 | €31,392 | - | -€31,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,343 | €17,805 | +€3,462 | +24.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€74,632 | - | +€74,632 | |
| Other operating charges | 640/8 | €331 | €426 | +€95 | +28.6% |
| Gross operating margin | 9900 | -€42,327 | -€139,443 | -€97,116 | -229.4% |
| Operating profit (loss) | 9901 | -€13,761 | -€157,673 | -€143,912 | -1045.8% |
| Financial income | 75/76B | €14,776 | €31,200 | +€16,424 | +111.2% |
| Recurring financial income | 75 | €14,776 | €31,200 | +€16,424 | +111.2% |
| Financial charges | 65/66B | €344 | €5,829 | +€5,485 | +1594.6% |
| Recurring financial charges | 65 | €344 | €5,829 | +€5,485 | +1594.6% |
| Profit (loss) for the period before taxes | 9903 | €671 | -€132,303 | -€132,974 | |
| Income taxes | 67/77 | €361 | €22,942 | +€22,581 | +6255.0% |
| Profit (loss) for the period | 9904 | €310 | -€155,244 | -€155,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €310 | -€155,244 | -€155,554 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.