FKA CONSTRUCT: 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.
FKA CONSTRUCT
Largest movements
- Receivables within one year +€5,374
up €5,374 (+3.6%), from €149,875 to €155,249
of which Trade receivables: +€7,391
- Cash -€2,748
no longer reported in 2025 (was €2,748)
- Trade debts +€27,323
up €27,323 (+30.4%), from €89,996 to €117,319
- Profit (loss) carried forward -€16,826
down €16,826 (-43.2%), from €38,976 to €22,150
- Other debts +€14,681
up €14,681 (+11,812%), from €124 to €14,806
- Debts after one year -€13,000
no longer reported in 2025 (was €13,000)
- Tax, wage and social debts -€10,214
no longer reported in 2025 (was €10,214)
of which Taxes: -€9,274
- Gross operating margin -€43,043
down €43,043 (-90.5%), from €47,574 to €4,531
- Taxes -€8,962
no longer reported in 2025 (was €8,962)
- Other operating charges +€3,050
up €3,050 (+192%), from €1,590 to €4,640
- Depreciation -€880
down €880 (-40.8%), from €2,156 to €1,276
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,810 | €155,778 | +€1,968 | +1.3% |
| Fixed assets | 21/28 | €1,102 | €528 | -€574 | -52.1% |
| Tangible fixed assets | 22/27 | €1,102 | €528 | -€574 | -52.1% |
| Furniture and vehicles | 24 | €847 | €468 | -€379 | -44.7% |
| Leasing and similar rights | 25 | €256 | €60 | -€195 | -76.3% |
| Current assets | 29/58 | €152,708 | €155,249 | +€2,541 | +1.7% |
| Amounts receivable within one year | 40/41 | €149,875 | €155,249 | +€5,374 | +3.6% |
| Trade receivables | 40 | €147,150 | €154,540 | +€7,391 | +5.0% |
| Other amounts receivable | 41 | €2,725 | €709 | -€2,016 | -74.0% |
| Cash at bank and in hand | 54/58 | €2,748 | - | -€2,748 | |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €153,810 | €155,778 | +€1,968 | +1.3% |
| Equity | 10/15 | €40,476 | €23,650 | -€16,826 | -41.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,976 | €22,150 | -€16,826 | -43.2% |
| Amounts payable | 17/49 | €113,334 | €132,128 | +€18,794 | +16.6% |
| Amounts payable after more than one year | 17 | €13,000 | - | -€13,000 | |
| Other amounts payable | 178/9 | €13,000 | - | -€13,000 | |
| Amounts payable within one year | 42/48 | €100,334 | €132,128 | +€31,794 | +31.7% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €89,996 | €117,319 | +€27,323 | +30.4% |
| Suppliers | 440/4 | €89,996 | €117,319 | +€27,323 | +30.4% |
| Taxes, remuneration and social security | 45 | €10,214 | - | -€10,214 | |
| Taxes | 450/3 | €9,274 | - | -€9,274 | |
| Remuneration and social security | 454/9 | €940 | - | -€940 | |
| Other amounts payable | 47/48 | €124 | €14,806 | +€14,681 | +11,812% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,156 | €1,276 | -€880 | -40.8% |
| Other operating charges | 640/8 | €1,590 | €4,640 | +€3,050 | +192% |
| Gross operating margin | 9900 | €47,574 | €4,531 | -€43,043 | -90.5% |
| Operating profit (loss) | 9901 | €43,828 | -€1,385 | -€45,213 | |
| Financial charges | 65/66B | €371 | €307 | -€64 | -17.2% |
| Recurring financial charges | 65 | €371 | €307 | -€64 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €43,457 | -€1,693 | -€45,150 | |
| Income taxes | 67/77 | €8,962 | - | -€8,962 | |
| Profit (loss) for the period | 9904 | €34,495 | -€1,693 | -€36,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,495 | -€1,693 | -€36,188 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.