FG CONSTRUCTION: 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.
FG CONSTRUCTION
Largest movements
- Cash -€41,645
down €41,645 (-83.9%), from €49,649 to €8,004
mainly Receivables within one year (-€19,451) and Net result for the year (-€10,753)
- Receivables within one year +€19,451
up €19,451 (+41.3%), from €47,142 to €66,592
of which Trade receivables: +€14,178
- Stocks and contracts +€3,195
up €3,195 (+166.0%), from €1,925 to €5,120
of which Stocks: +€3,075
- Tangible fixed assets -€2,314
down €2,314 (-5.2%), from €44,163 to €41,849
of which Land and buildings: -€5,947
- Deferred charges and accrued income +€2,067
up €2,067 (+143.9%), from €1,437 to €3,504
- Profit (loss) carried forward -€10,753
down €10,753 (-13.7%), from €78,545 to €67,793
- Debts after one year -€9,365
down €9,365 (-72.7%), from €12,875 to €3,510
- Short-term financial debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Trade debts +€4,268
up €4,268 (+96.5%), from €4,424 to €8,692
- Other debts +€2,589
up €2,589 (+561.0%), from €461 to €3,050
- Gross operating margin -€18,026
down €18,026 (-63.6%), from €28,333 to €10,306
- Staff costs -€12,406
down €12,406 (-68.8%), from €18,037 to €5,630
- Other operating charges +€3,881
up €3,881 (+137.8%), from €2,816 to €6,697
- Depreciation -€1,063
down €1,063 (-12.2%), from €8,739 to €7,676
- Financial charges -€523
down €523 (-29.8%), from €1,755 to €1,232
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,268 | €127,022 | -€19,246 | -13.2% |
| Fixed assets | 21/28 | €46,115 | €43,801 | -€2,314 | -5.0% |
| Tangible fixed assets | 22/27 | €44,163 | €41,849 | -€2,314 | -5.2% |
| Land and buildings | 22 | €35,681 | €29,735 | -€5,947 | -16.7% |
| Plant, machinery and equipment | 23 | €1,271 | €4,417 | +€3,146 | +247.5% |
| Furniture and vehicles | 24 | €3,120 | €4,207 | +€1,087 | +34.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €4,090 | €3,490 | -€600 | -14.7% |
| Financial fixed assets | 28 | €1,953 | €1,953 | = | 0.0% |
| Current assets | 29/58 | €100,153 | €83,221 | -€16,932 | -16.9% |
| Stocks and contracts in progress | 3 | €1,925 | €5,120 | +€3,195 | +166.0% |
| Stocks | 30/36 | €1,925 | €5,000 | +€3,075 | +159.7% |
| Contracts in progress | 37 | €0 | €120 | +€120 | |
| Amounts receivable within one year | 40/41 | €47,142 | €66,592 | +€19,451 | +41.3% |
| Trade receivables | 40 | €46,562 | €60,741 | +€14,178 | +30.5% |
| Other amounts receivable | 41 | €579 | €5,852 | +€5,272 | +910.0% |
| Cash at bank and in hand | 54/58 | €49,649 | €8,004 | -€41,645 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,437 | €3,504 | +€2,067 | +143.9% |
| Total equity and liabilities | 10/49 | €146,268 | €127,022 | -€19,246 | -13.2% |
| Equity | 10/15 | €111,904 | €101,151 | -€10,753 | -9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,159 | €27,159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,299 | €25,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,545 | €67,793 | -€10,753 | -13.7% |
| Amounts payable | 17/49 | €34,364 | €25,871 | -€8,493 | -24.7% |
| Amounts payable after more than one year | 17 | €12,875 | €3,510 | -€9,365 | -72.7% |
| Financial debts | 170/4 | €12,875 | €3,510 | -€9,365 | -72.7% |
| Amounts payable within one year | 42/48 | €21,489 | €22,361 | +€872 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €10,542 | €10,196 | -€346 | -3.3% |
| Financial debts | 43 | €5,000 | €0 | -€5,000 | -100.0% |
| Credit institutions | 430/8 | €5,000 | €0 | -€5,000 | -100.0% |
| Trade debts | 44 | €4,424 | €8,692 | +€4,268 | +96.5% |
| Suppliers | 440/4 | €4,424 | €8,692 | +€4,268 | +96.5% |
| Taxes, remuneration and social security | 45 | €1,062 | €423 | -€638 | -60.1% |
| Taxes | 450/3 | €423 | €423 | = | 0.0% |
| Remuneration and social security | 454/9 | €638 | - | -€638 | |
| Other amounts payable | 47/48 | €461 | €3,050 | +€2,589 | +561.0% |
| Remuneration, social security and pensions | 62 | €18,037 | €5,630 | -€12,406 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,739 | €7,676 | -€1,063 | -12.2% |
| Other operating charges | 640/8 | €2,816 | €6,697 | +€3,881 | +137.8% |
| Gross operating margin | 9900 | €28,333 | €10,306 | -€18,026 | -63.6% |
| Operating profit (loss) | 9901 | -€1,259 | -€9,697 | -€8,438 | -670.4% |
| Financial income | 75/76B | €30 | €250 | +€219 | +720.6% |
| Recurring financial income | 75 | €30 | €250 | +€219 | +720.6% |
| Financial charges | 65/66B | €1,755 | €1,232 | -€523 | -29.8% |
| Recurring financial charges | 65 | €1,755 | €1,232 | -€523 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,983 | -€10,679 | -€7,696 | -258.0% |
| Income taxes | 67/77 | €423 | €74 | -€349 | -82.5% |
| Profit (loss) for the period | 9904 | -€3,406 | -€10,753 | -€7,346 | -215.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,406 | -€10,753 | -€7,346 | -215.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.