FD 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.
FD CONSTRUCT
Largest movements
- Deferred charges and accrued income +€27,844
up €27,844 (+898.8%), from €3,098 to €30,942
- Receivables within one year +€24,336
up €24,336 (+45066.7%), from €54 to €24,390
of which Other amounts receivable: +€24,390
- Tangible fixed assets -€24,190
down €24,190 (-27.5%), from €88,075 to €63,885
of which Leasing and similar rights: -€30,988
- Cash +€8,712
up €8,712 (+7.3%), from €119,038 to €127,750
mainly Net result for the year (+€62,615) and Depreciation (+€22,560)
- Reserves +€62,615
up €62,615 (+70.8%), from €88,497 to €151,112
- Debts after one year -€17,832
down €17,832 (-63.2%), from €28,229 to €10,397
- Trade debts +€13,887
up €13,887 (+158.7%), from €8,750 to €22,637
- Tax, wage and social debts -€12,271
down €12,271 (-28.9%), from €42,533 to €30,262
of which Taxes: -€10,991
- Current portion of long-term debt -€7,532
down €7,532 (-57.6%), from €13,078 to €5,546
- Gross operating margin +€59,731
up €59,731 (+35.3%), from €169,413 to €229,144
- Staff costs +€31,860
up €31,860 (+47.4%), from €67,206 to €99,066
- Other operating charges +€10,904
up €10,904 (+308.9%), from €3,530 to €14,434
- Taxes +€4,380
up €4,380 (+20.6%), from €21,230 to €25,610
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 | €210,265 | €246,967 | +€36,702 | +17.5% |
| Fixed assets | 21/28 | €88,075 | €63,885 | -€24,190 | -27.5% |
| Tangible fixed assets | 22/27 | €88,075 | €63,885 | -€24,190 | -27.5% |
| Plant, machinery and equipment | 23 | €40,018 | €42,988 | +€2,970 | +7.4% |
| Furniture and vehicles | 24 | €15,591 | €19,840 | +€4,249 | +27.3% |
| Leasing and similar rights | 25 | €30,988 | - | -€30,988 | |
| Other tangible fixed assets | 26 | €1,478 | €1,057 | -€421 | -28.5% |
| Current assets | 29/58 | €122,190 | €183,082 | +€60,892 | +49.8% |
| Amounts receivable within one year | 40/41 | €54 | €24,390 | +€24,336 | +45066.7% |
| Trade receivables | 40 | €54 | - | -€54 | |
| Other amounts receivable | 41 | - | €24,390 | +€24,390 | |
| Cash at bank and in hand | 54/58 | €119,038 | €127,750 | +€8,712 | +7.3% |
| Deferred charges and accrued income | 490/1 | €3,098 | €30,942 | +€27,844 | +898.8% |
| Total equity and liabilities | 10/49 | €210,265 | €246,967 | +€36,702 | +17.5% |
| Equity | 10/15 | €93,497 | €156,112 | +€62,615 | +67.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,497 | €151,112 | +€62,615 | +70.8% |
| Distributable reserves | 133 | €88,497 | €151,112 | +€62,615 | +70.8% |
| Amounts payable | 17/49 | €116,768 | €90,855 | -€25,913 | -22.2% |
| Amounts payable after more than one year | 17 | €28,229 | €10,397 | -€17,832 | -63.2% |
| Financial debts | 170/4 | €28,229 | €10,397 | -€17,832 | -63.2% |
| Amounts payable within one year | 42/48 | €88,336 | €80,458 | -€7,878 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €13,078 | €5,546 | -€7,532 | -57.6% |
| Trade debts | 44 | €8,750 | €22,637 | +€13,887 | +158.7% |
| Suppliers | 440/4 | €8,750 | €22,637 | +€13,887 | +158.7% |
| Taxes, remuneration and social security | 45 | €42,533 | €30,262 | -€12,271 | -28.9% |
| Taxes | 450/3 | €39,014 | €28,023 | -€10,991 | -28.2% |
| Remuneration and social security | 454/9 | €3,519 | €2,239 | -€1,280 | -36.4% |
| Other amounts payable | 47/48 | €23,975 | €22,013 | -€1,962 | -8.2% |
| Accrued charges and deferred income | 492/3 | €203 | - | -€203 | |
| Remuneration, social security and pensions | 62 | €67,206 | €99,066 | +€31,860 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,065 | €22,560 | +€495 | +2.2% |
| Other operating charges | 640/8 | €3,530 | €14,434 | +€10,904 | +308.9% |
| Gross operating margin | 9900 | €169,413 | €229,144 | +€59,731 | +35.3% |
| Operating profit (loss) | 9901 | €76,612 | €93,084 | +€16,472 | +21.5% |
| Financial income | 75/76B | €7 | €25 | +€18 | +257.1% |
| Recurring financial income | 75 | €7 | €25 | +€18 | +257.1% |
| Financial charges | 65/66B | €3,336 | €4,884 | +€1,548 | +46.4% |
| Recurring financial charges | 65 | €3,336 | €4,884 | +€1,548 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €73,283 | €88,225 | +€14,942 | +20.4% |
| Income taxes | 67/77 | €21,230 | €25,610 | +€4,380 | +20.6% |
| Profit (loss) for the period | 9904 | €52,053 | €62,615 | +€10,562 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,053 | €62,615 | +€10,562 | +20.3% |
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 4 October 2026 via checked.be.