FelcCon: 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.
What changed
FelcCon
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,697
2024 · €23,804+€2,893
Equity
€470,351
2024 · €443,654+€26,697
Cash
€18,817
2024 · €21,313-€2,495
Balance sheet total
€884,705
2024 · €913,444-€28,739
Largest movements
Assets
- Tangible fixed assets -€32,881
down €32,881 (-3.7%), from €885,372 to €852,491
of which Land and buildings: -€20,336
Equity and liabilities
- Debts after one year -€49,371
down €49,371 (-12.3%), from €401,456 to €352,085
- Reserves +€26,600
up €26,600 (+8.9%), from €298,360 to €324,960
Income statement
- Gross operating margin +€2,139
up €2,139 (+2.6%), from €81,850 to €83,989
- Financial charges -€1,023
down €1,023 (-11.0%), from €9,293 to €8,270
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.
Result 2024
€23,804
Gross operating margin
+€2,139
Depreciation
-€309
Other operating charges
+€142
Financial income
+€106
Financial charges
+€1,023
Taxes
-€208
Result 2025
€26,697
raises the resultlowers the result
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.
From operations
+€47,380
Investment
-€1,539
Financing
-€48,337
Cash 2024
€21,313
From operations (derived)
+€47,380
Net result for the year
+€26,697
Depreciation
+€34,420
Receivables within one year
-€6,856
Deferred charges and accrued income
+€218
Trade debts
+€56
Tax, wage and social debts
-€1,472
Other debts
-€7,237
Accrued charges and deferred income
+€1,555
Investment (derived)
-€1,539
Investment in fixed assets (net)
-€1,539
Financing
-€48,337
Debts after one year
-€49,371
Current portion of long-term debt
+€1,034
Cash 2025
€18,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,444 | €884,705 | -€28,739 | -3.1% |
| Fixed assets | 21/28 | €885,372 | €852,491 | -€32,881 | -3.7% |
| Tangible fixed assets | 22/27 | €885,372 | €852,491 | -€32,881 | -3.7% |
| Land and buildings | 22 | €842,543 | €822,207 | -€20,336 | -2.4% |
| Plant, machinery and equipment | 23 | €2,240 | €0 | -€2,240 | -100% |
| Furniture and vehicles | 24 | €39,039 | €27,416 | -€11,623 | -29.8% |
| Other tangible fixed assets | 26 | €1,550 | €2,868 | +€1,318 | +85.0% |
| Current assets | 29/58 | €28,072 | €32,215 | +€4,142 | +14.8% |
| Amounts receivable within one year | 40/41 | €4,850 | €11,705 | +€6,856 | +141% |
| Trade receivables | 40 | €2,850 | €5,128 | +€2,279 | +80.0% |
| Other amounts receivable | 41 | €2,000 | €6,577 | +€4,577 | +229% |
| Cash at bank and in hand | 54/58 | €21,313 | €18,817 | -€2,495 | -11.7% |
| Deferred charges and accrued income | 490/1 | €1,910 | €1,692 | -€218 | -11.4% |
| Total equity and liabilities | 10/49 | €913,444 | €884,705 | -€28,739 | -3.1% |
| Equity | 10/15 | €443,654 | €470,351 | +€26,697 | +6.0% |
| Contributions | 10/11 | €144,600 | €144,600 | = | 0.0% |
| Reserves | 13 | €298,360 | €324,960 | +€26,600 | +8.9% |
| Distributable reserves | 133 | €298,360 | €324,960 | +€26,600 | +8.9% |
| Profit (loss) carried forward | 14 | €694 | €791 | +€97 | +14.0% |
| Amounts payable | 17/49 | €469,790 | €414,354 | -€55,436 | -11.8% |
| Amounts payable after more than one year | 17 | €401,456 | €352,085 | -€49,371 | -12.3% |
| Financial debts | 170/4 | €401,456 | €352,085 | -€49,371 | -12.3% |
| Amounts payable within one year | 42/48 | €65,759 | €58,139 | -€7,620 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €48,337 | €49,371 | +€1,034 | +2.1% |
| Trade debts | 44 | €506 | €562 | +€56 | +11.0% |
| Suppliers | 440/4 | €506 | €562 | +€56 | +11.0% |
| Taxes, remuneration and social security | 45 | €6,759 | €5,287 | -€1,472 | -21.8% |
| Taxes | 450/3 | €6,759 | €5,287 | -€1,472 | -21.8% |
| Other amounts payable | 47/48 | €10,157 | €2,920 | -€7,237 | -71.3% |
| Accrued charges and deferred income | 492/3 | €2,575 | €4,130 | +€1,555 | +60.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,111 | €34,420 | +€309 | +0.9% |
| Other operating charges | 640/8 | €4,583 | €4,442 | -€142 | -3.1% |
| Gross operating margin | 9900 | €81,850 | €83,989 | +€2,139 | +2.6% |
| Operating profit (loss) | 9901 | €43,156 | €45,128 | +€1,972 | +4.6% |
| Financial income | 75/76B | €28 | €133 | +€106 | +385% |
| Recurring financial income | 75 | €28 | €133 | +€106 | +385% |
| Financial charges | 65/66B | €9,293 | €8,270 | -€1,023 | -11.0% |
| Recurring financial charges | 65 | €9,293 | €8,270 | -€1,023 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €33,891 | €36,991 | +€3,100 | +9.1% |
| Income taxes | 67/77 | €10,086 | €10,294 | +€208 | +2.1% |
| Profit (loss) for the period | 9904 | €23,804 | €26,697 | +€2,893 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,804 | €26,697 | +€2,893 | +12.2% |
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.