Fiema 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.
What changed
Fiema Construct
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€16,957
2024 · €13,639+€3,319
Equity
€282,770
2024 · €265,812+€16,957
Cash
€10,578
2024 · €50,334-€39,756
Balance sheet total
€3.3m
2024 · €4.3m-€1.0m
Largest movements
Assets
- Receivables within one year -€759,251
down €759,251 (-79.5%), from €955,092 to €195,841
of which Other amounts receivable: -€571,595
- Stocks and contracts -€739,219
down €739,219 (-27.0%), from €2.7m to €2.0m
of which Contracts in progress: -€678,904
- Receivables after one year +€541,260
up €541,260 (+215.2%), from €251,500 to €792,760
Equity and liabilities
- Short-term financial debts -€984,300
down €984,300 (-36.4%), from €2.7m to €1.7m
- Trade debts -€83,146
down €83,146 (-17.0%), from €489,850 to €406,704
- Debts after one year +€77,396
up €77,396 (+9.8%), from €789,596 to €866,992
- Tax, wage and social debts -€54,008
down €54,008 (-85.5%), from €63,184 to €9,176
Income statement
- Gross operating margin -€22,871
down €22,871 (-12.7%), from €180,145 to €157,274
- Financial charges -€6,346
down €6,346 (-4.7%), from €134,650 to €128,303
- Financial income -€6,113
down €6,113 (-28.4%), from €21,556 to €15,442
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
€13,639
Gross operating margin
-€22,871
Depreciation
-€1,250
Other operating charges
+€1,104
Other operating items
+€27,502
Financial income
-€6,113
Financial charges
+€6,346
Taxes
-€1,400
Result 2025
€16,957
Cash bridge derived
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
+€879,289
Investment
-€738
Financing
-€918,308
Cash 2024
€50,334
From operations (derived)
+€879,289
Net result for the year
+€16,957
Depreciation
+€17,690
Receivables after one year
-€541,260
Stocks and contracts
+€739,219
Receivables within one year
+€759,251
Deferred charges and accrued income
+€19,971
Trade debts
-€83,146
Tax, wage and social debts
-€54,008
Other debts
-€2,000
Accrued charges and deferred income
+€6,615
Investment (derived)
-€738
Investment in fixed assets (net)
-€738
Financing
-€918,308
Debts after one year
+€77,396
Current portion of long-term debt
-€11,404
Short-term financial debts
-€984,300
Cash 2025
€10,578
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,344,062 | €3,310,173 | -€1.0m | -23.8% |
| Fixed assets | 21/28 | €276,250 | €259,298 | -€16,952 | -6.1% |
| Tangible fixed assets | 22/27 | €272,971 | €256,018 | -€16,952 | -6.2% |
| Land and buildings | 22 | €264,591 | €252,713 | -€11,878 | -4.5% |
| Plant, machinery and equipment | 23 | €3,000 | €1,676 | -€1,324 | -44.1% |
| Furniture and vehicles | 24 | €5,379 | €1,629 | -€3,750 | -69.7% |
| Financial fixed assets | 28 | €3,279 | €3,279 | = | 0.0% |
| Current assets | 29/58 | €4,067,812 | €3,050,875 | -€1.0m | -25.0% |
| Amounts receivable after more than one year | 29 | €251,500 | €792,760 | +€541,260 | +215.2% |
| Other amounts receivable | 291 | €251,500 | €792,760 | +€541,260 | +215.2% |
| Stocks and contracts in progress | 3 | €2,735,001 | €1,995,782 | -€739,219 | -27.0% |
| Stocks | 30/36 | €2,056,096 | €1,995,782 | -€60,315 | -2.9% |
| Contracts in progress | 37 | €678,904 | €0 | -€678,904 | -100.0% |
| Amounts receivable within one year | 40/41 | €955,092 | €195,841 | -€759,251 | -79.5% |
| Trade receivables | 40 | €318,883 | €131,227 | -€187,655 | -58.8% |
| Other amounts receivable | 41 | €636,209 | €64,614 | -€571,595 | -89.8% |
| Cash at bank and in hand | 54/58 | €50,334 | €10,578 | -€39,756 | -79.0% |
| Deferred charges and accrued income | 490/1 | €75,886 | €55,915 | -€19,971 | -26.3% |
| Total equity and liabilities | 10/49 | €4,344,062 | €3,310,173 | -€1.0m | -23.8% |
| Equity | 10/15 | €265,812 | €282,770 | +€16,957 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €135,022 | €128,952 | -€6,071 | -4.5% |
| Reserves | 13 | €33,778 | €39,849 | +€6,071 | +18.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,778 | €39,849 | +€6,071 | +18.0% |
| Profit (loss) carried forward | 14 | €78,412 | €95,369 | +€16,957 | +21.6% |
| Amounts payable | 17/49 | €4,078,250 | €3,027,404 | -€1.1m | -25.8% |
| Amounts payable after more than one year | 17 | €789,596 | €866,992 | +€77,396 | +9.8% |
| Other amounts payable | 178/9 | €789,596 | €866,992 | +€77,396 | +9.8% |
| Amounts payable within one year | 42/48 | €3,269,321 | €2,134,464 | -€1.1m | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €11,404 | €0 | -€11,404 | -100.0% |
| Financial debts | 43 | €2,702,884 | €1,718,584 | -€984,300 | -36.4% |
| Credit institutions | 430/8 | €2,702,884 | €1,718,584 | -€984,300 | -36.4% |
| Trade debts | 44 | €489,850 | €406,704 | -€83,146 | -17.0% |
| Suppliers | 440/4 | €489,850 | €406,704 | -€83,146 | -17.0% |
| Taxes, remuneration and social security | 45 | €63,184 | €9,176 | -€54,008 | -85.5% |
| Taxes | 450/3 | €63,184 | €9,176 | -€54,008 | -85.5% |
| Other amounts payable | 47/48 | €2,000 | €0 | -€2,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €19,332 | €25,947 | +€6,615 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,440 | €17,690 | +€1,250 | +7.6% |
| Other operating charges | 640/8 | €2,184 | €1,079 | -€1,104 | -50.6% |
| Non-recurring operating charges | 66A | €27,502 | €0 | -€27,502 | -100.0% |
| Gross operating margin | 9900 | €180,145 | €157,274 | -€22,871 | -12.7% |
| Operating profit (loss) | 9901 | €134,019 | €138,505 | +€4,486 | +3.3% |
| Financial income | 75/76B | €21,556 | €15,442 | -€6,113 | -28.4% |
| Recurring financial income | 75 | €21,556 | €15,442 | -€6,113 | -28.4% |
| Financial charges | 65/66B | €134,650 | €128,303 | -€6,346 | -4.7% |
| Recurring financial charges | 65 | €134,650 | €128,303 | -€6,346 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €20,925 | €25,644 | +€4,719 | +22.6% |
| Income taxes | 67/77 | €7,286 | €8,687 | +€1,400 | +19.2% |
| Profit (loss) for the period | 9904 | €13,639 | €16,957 | +€3,319 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,639 | €16,957 | +€3,319 | +24.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.