FEDERAL CONSTRUCT BELGIUM: 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.
FEDERAL CONSTRUCT BELGIUM
Largest movements
- Cash -€199,525
down €199,525 (-80.1%), from €249,197 to €49,672
mainly Investment in fixed assets (net) (-€413,406) and Debts after one year (-€301,655)
- Tangible fixed assets +€124,467
up €124,467 (+2.9%), from €4.2m to €4.4m
- Receivables within one year +€68,567
up €68,567 (+410%), from €16,728 to €85,295
- Debts after one year -€301,655
down €301,655 (-27.4%), from €1.1m to €799,640
- Profit (loss) carried forward +€181,337
up €181,337 (+986%), from €18,382 to €199,719
- Other debts +€170,282
up €170,282 (+5.8%), from €2.9m to €3.1m
- Trade debts -€59,879
down €59,879 (-64.7%), from €92,490 to €32,610
- Gross operating margin -€145,648
down €145,648 (-22.1%), from €659,740 to €514,092
- Turnover -€131,951
down €131,951 (-16.7%), from €788,120 to €656,169
- Depreciation +€60,713
up €60,713 (+26.6%), from €228,226 to €288,939
- Financial charges -€51,340
down €51,340 (-58.8%), from €87,253 to €35,913
- Purchases and services +€13,696
up €13,696 (+10.7%), from €128,380 to €142,077
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 | €4,528,604 | €4,522,979 | -€5,626 | -0.1% |
| Fixed assets | 21/28 | €4,260,683 | €4,385,150 | +€124,467 | +2.9% |
| Tangible fixed assets | 22/27 | €4,247,556 | €4,372,023 | +€124,467 | +2.9% |
| Land and buildings | 22 | €4,247,556 | €4,372,023 | +€124,467 | +2.9% |
| Financial fixed assets | 28 | €13,127 | €13,127 | = | 0.0% |
| Current assets | 29/58 | €267,921 | €137,829 | -€130,092 | -48.6% |
| Amounts receivable within one year | 40/41 | €16,728 | €85,295 | +€68,567 | +410% |
| Trade receivables | 40 | €16,728 | €85,295 | +€68,567 | +410% |
| Cash at bank and in hand | 54/58 | €249,197 | €49,672 | -€199,525 | -80.1% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,861 | +€865 | +43.3% |
| Total equity and liabilities | 10/49 | €4,528,604 | €4,522,979 | -€5,626 | -0.1% |
| Equity | 10/15 | €118,382 | €299,719 | +€181,337 | +153% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,382 | €199,719 | +€181,337 | +986% |
| Amounts payable | 17/49 | €4,410,222 | €4,223,260 | -€186,962 | -4.2% |
| Amounts payable after more than one year | 17 | €1,101,295 | €799,640 | -€301,655 | -27.4% |
| Financial debts | 170/4 | €1,101,295 | €799,640 | -€301,655 | -27.4% |
| Amounts payable within one year | 42/48 | €3,308,927 | €3,423,620 | +€114,692 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €297,364 | €301,654 | +€4,290 | +1.4% |
| Trade debts | 44 | €92,490 | €32,610 | -€59,879 | -64.7% |
| Suppliers | 440/4 | €92,490 | €32,610 | -€59,879 | -64.7% |
| Other amounts payable | 47/48 | €2,919,073 | €3,089,355 | +€170,282 | +5.8% |
| Turnover | 70 | €788,120 | €656,169 | -€131,951 | -16.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,380 | €142,077 | +€13,696 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,226 | €288,939 | +€60,713 | +26.6% |
| Other operating charges | 640/8 | €1,916 | €7,911 | +€5,996 | +313% |
| Non-recurring operating charges | 66A | €2,191 | - | -€2,191 | |
| Gross operating margin | 9900 | €659,740 | €514,092 | -€145,648 | -22.1% |
| Operating profit (loss) | 9901 | €427,407 | €217,241 | -€210,165 | -49.2% |
| Financial income | 75/76B | €31 | €8 | -€23 | -75.1% |
| Recurring financial income | 75 | €31 | €8 | -€23 | -75.1% |
| Financial charges | 65/66B | €87,253 | €35,913 | -€51,340 | -58.8% |
| Recurring financial charges | 65 | €87,253 | €35,913 | -€51,340 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €340,185 | €181,337 | -€158,849 | -46.7% |
| Profit (loss) for the period | 9904 | €340,185 | €181,337 | -€158,849 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €340,185 | €181,337 | -€158,849 | -46.7% |
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 19 October 2026 via checked.be.