FENE 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.
FENE CONSTRUCT
Largest movements
- Receivables within one year +€250,926
up €250,926 (+111.2%), from €225,561 to €476,487
of which Trade receivables: +€145,580
- Profit (loss) carried forward +€247,564
up €247,564 (+312.3%), from €79,267 to €326,831
- Tax, wage and social debts +€35,660
up €35,660 (+99.5%), from €35,841 to €71,501
of which Taxes: +€58,608
- Trade debts -€33,774
down €33,774 (-44.3%), from €76,323 to €42,549
- Gross operating margin -€40,876
no longer reported in 2025 (was €40,876)
- Taxes -€12,892
no longer reported in 2025 (was €12,892)
- Financial income -€8,359
no longer reported in 2025 (was €8,359)
- Depreciation -€996
no longer reported in 2025 (was €996)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,531 | €476,980 | +€249,449 | +109.6% |
| Fixed assets | 21/28 | €1,318 | €488 | -€830 | -63.0% |
| Tangible fixed assets | 22/27 | €1,318 | €488 | -€830 | -63.0% |
| Land and buildings | 22 | €700 | - | -€700 | |
| Plant, machinery and equipment | 23 | - | €333 | +€333 | |
| Furniture and vehicles | 24 | €618 | €155 | -€463 | -75.0% |
| Current assets | 29/58 | €226,213 | €476,492 | +€250,279 | +110.6% |
| Amounts receivable within one year | 40/41 | €225,561 | €476,487 | +€250,926 | +111.2% |
| Trade receivables | 40 | €10,547 | €156,127 | +€145,580 | +1380.3% |
| Other amounts receivable | 41 | €215,014 | €320,361 | +€105,347 | +49.0% |
| Cash at bank and in hand | 54/58 | €652 | €5 | -€647 | -99.2% |
| Total equity and liabilities | 10/49 | €227,531 | €476,980 | +€249,449 | +109.6% |
| Equity | 10/15 | €80,367 | €327,931 | +€247,564 | +308.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Legal reserve | 130 | €100 | - | -€100 | |
| Distributable reserves | 133 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €79,267 | €326,831 | +€247,564 | +312.3% |
| Amounts payable | 17/49 | €147,164 | €149,049 | +€1,885 | +1.3% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,164 | €114,049 | +€1,885 | +1.7% |
| Trade debts | 44 | €76,323 | €42,549 | -€33,774 | -44.3% |
| Suppliers | 440/4 | €76,323 | €42,549 | -€33,774 | -44.3% |
| Taxes, remuneration and social security | 45 | €35,841 | €71,501 | +€35,660 | +99.5% |
| Taxes | 450/3 | €12,893 | €71,501 | +€58,608 | +454.6% |
| Remuneration and social security | 454/9 | €22,948 | - | -€22,948 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | - | -€996 | |
| Gross operating margin | 9900 | €40,876 | - | -€40,876 | |
| Operating profit (loss) | 9901 | €39,880 | - | -€39,880 | |
| Financial income | 75/76B | €8,359 | - | -€8,359 | |
| Recurring financial income | 75 | €8,359 | - | -€8,359 | |
| Financial charges | 65/66B | €124 | - | -€124 | |
| Recurring financial charges | 65 | €124 | - | -€124 | |
| Profit (loss) for the period before taxes | 9903 | €48,115 | - | -€48,115 | |
| Income taxes | 67/77 | €12,892 | - | -€12,892 | |
| Profit (loss) for the period | 9904 | €35,223 | - | -€35,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,223 | - | -€35,223 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.