FD 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.
FD Construct
Largest movements
- Cash +€41,716
up €41,716 (+165%), from €25,265 to €66,981
mainly Net result for the year (+€82,020) and Tax, wage and social debts (+€15,752)
- Receivables within one year +€36,893
up €36,893 (+97.6%), from €37,809 to €74,702
of which Trade receivables: +€38,865
- Tangible fixed assets +€7,441
up €7,441 (+64.1%), from €11,609 to €19,050
of which Plant, machinery and equipment: +€9,389
- Profit (loss) carried forward +€82,020
up €82,020 (+229%), from €35,807 to €117,827
- Trade debts -€19,882
down €19,882 (-76.9%), from €25,854 to €5,973
- Tax, wage and social debts +€15,752
up €15,752 (+173%), from €9,121 to €24,873
of which Taxes: +€14,507
- Other debts +€6,483
new in 2025: €6,483
- Gross operating margin +€72,474
up €72,474 (+72.9%), from €99,438 to €171,912
- Taxes +€11,617
up €11,617 (+127%), from €9,121 to €20,738
- Staff costs +€8,749
up €8,749 (+18.0%), from €48,504 to €57,253
- Depreciation +€5,622
up €5,622 (+110%), from €5,091 to €10,713
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.
Derived cash bridge
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 | €74,782 | €160,732 | +€85,950 | +115% |
| Fixed assets | 21/28 | €11,609 | €19,050 | +€7,441 | +64.1% |
| Tangible fixed assets | 22/27 | €11,609 | €19,050 | +€7,441 | +64.1% |
| Plant, machinery and equipment | 23 | €4,993 | €14,382 | +€9,389 | +188% |
| Furniture and vehicles | 24 | €6,616 | €4,668 | -€1,948 | -29.4% |
| Current assets | 29/58 | €63,173 | €141,683 | +€78,510 | +124% |
| Amounts receivable within one year | 40/41 | €37,809 | €74,702 | +€36,893 | +97.6% |
| Trade receivables | 40 | €29,811 | €68,676 | +€38,865 | +130% |
| Other amounts receivable | 41 | €7,998 | €6,026 | -€1,972 | -24.7% |
| Cash at bank and in hand | 54/58 | €25,265 | €66,981 | +€41,716 | +165% |
| Deferred charges and accrued income | 490/1 | €99 | €0 | -€99 | -100% |
| Total equity and liabilities | 10/49 | €74,782 | €160,732 | +€85,950 | +115% |
| Equity | 10/15 | €38,307 | €120,327 | +€82,020 | +214% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,807 | €117,827 | +€82,020 | +229% |
| Amounts payable | 17/49 | €36,475 | €40,405 | +€3,930 | +10.8% |
| Amounts payable within one year | 42/48 | €34,975 | €37,328 | +€2,353 | +6.7% |
| Trade debts | 44 | €25,854 | €5,973 | -€19,882 | -76.9% |
| Suppliers | 440/4 | €25,854 | €5,973 | -€19,882 | -76.9% |
| Taxes, remuneration and social security | 45 | €9,121 | €24,873 | +€15,752 | +173% |
| Taxes | 450/3 | €9,121 | €23,628 | +€14,507 | +159% |
| Remuneration and social security | 454/9 | - | €1,246 | +€1,246 | |
| Other amounts payable | 47/48 | - | €6,483 | +€6,483 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €3,077 | +€1,577 | +105% |
| Remuneration, social security and pensions | 62 | €48,504 | €57,253 | +€8,749 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,091 | €10,713 | +€5,622 | +110% |
| Other operating charges | 640/8 | €991 | €1,101 | +€110 | +11.1% |
| Gross operating margin | 9900 | €99,438 | €171,912 | +€72,474 | +72.9% |
| Operating profit (loss) | 9901 | €44,852 | €102,845 | +€57,993 | +129% |
| Financial income | 75/76B | €214 | €3 | -€211 | -98.6% |
| Recurring financial income | 75 | €214 | €3 | -€211 | -98.6% |
| Financial charges | 65/66B | €138 | €90 | -€48 | -35.1% |
| Recurring financial charges | 65 | €138 | €90 | -€48 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €44,928 | €102,758 | +€57,830 | +129% |
| Income taxes | 67/77 | €9,121 | €20,738 | +€11,617 | +127% |
| Profit (loss) for the period | 9904 | €35,807 | €82,020 | +€46,213 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €35,807 | €82,020 | +€46,213 | +129% |
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 14 October 2026 via checked.be.