FM 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.
FM CONSTRUCT
Largest movements
- Tangible fixed assets -€2,086
down €2,086 (-30.9%), from €6,755 to €4,668
of which Furniture and vehicles: -€1,217
- Profit (loss) carried forward +€36,336
up €36,336 (+67.7%), from €53,701 to €90,038
- Trade debts -€18,678
down €18,678 (-49.0%), from €38,082 to €19,404
- Tax, wage and social debts -€17,817
down €17,817 (-60.6%), from €29,382 to €11,565
of which Taxes: -€16,817
- Advances received +€3,402
up €3,402 (+118.3%), from €2,875 to €6,277
- Gross operating margin +€5,269
up €5,269 (+11.9%), from €44,178 to €49,447
- Staff costs -€3,528
down €3,528, from €3,475 to -€54
- Taxes -€3,290
down €3,290 (-25.1%), from €13,103 to €9,813
- Other operating charges -€1,735
down €1,735 (-48.9%), from €3,544 to €1,809
- Financial charges +€709
up €709 (+89.1%), from €796 to €1,504
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,761 | €181,905 | +€144 | +0.1% |
| Fixed assets | 21/28 | €7,955 | €5,868 | -€2,086 | -26.2% |
| Tangible fixed assets | 22/27 | €6,755 | €4,668 | -€2,086 | -30.9% |
| Plant, machinery and equipment | 23 | €3,343 | €2,474 | -€869 | -26.0% |
| Furniture and vehicles | 24 | €3,412 | €2,195 | -€1,217 | -35.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €173,806 | €176,036 | +€2,230 | +1.3% |
| Amounts receivable after more than one year | 29 | €72,046 | €72,046 | = | 0.0% |
| Other amounts receivable | 291 | €72,046 | €72,046 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,254 | €4,631 | +€1,378 | +42.3% |
| Stocks | 30/36 | €3,254 | €4,631 | +€1,378 | +42.3% |
| Amounts receivable within one year | 40/41 | €97,942 | €97,674 | -€268 | -0.3% |
| Trade receivables | 40 | €95,045 | €94,402 | -€643 | -0.7% |
| Other amounts receivable | 41 | €2,898 | €3,273 | +€375 | +12.9% |
| Cash at bank and in hand | 54/58 | €466 | €1,274 | +€808 | +173.6% |
| Deferred charges and accrued income | 490/1 | €98 | €411 | +€313 | +317.6% |
| Total equity and liabilities | 10/49 | €181,761 | €181,905 | +€144 | +0.1% |
| Equity | 10/15 | €86,979 | €123,315 | +€36,336 | +41.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,277 | €23,277 | = | 0.0% |
| Distributable reserves | 133 | €23,277 | €23,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,701 | €90,038 | +€36,336 | +67.7% |
| Amounts payable | 17/49 | €94,782 | €58,590 | -€36,192 | -38.2% |
| Amounts payable within one year | 42/48 | €93,516 | €58,590 | -€34,926 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €3,975 | €3,376 | -€599 | -15.1% |
| Trade debts | 44 | €38,082 | €19,404 | -€18,678 | -49.0% |
| Suppliers | 440/4 | €38,082 | €19,404 | -€18,678 | -49.0% |
| Advances received on contracts in progress | 46 | €2,875 | €6,277 | +€3,402 | +118.3% |
| Taxes, remuneration and social security | 45 | €29,382 | €11,565 | -€17,817 | -60.6% |
| Taxes | 450/3 | €28,382 | €11,565 | -€16,817 | -59.3% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €19,202 | €17,968 | -€1,234 | -6.4% |
| Accrued charges and deferred income | 492/3 | €1,266 | - | -€1,266 | |
| Non-recurring operating income | 76A | - | €189 | +€189 | |
| Remuneration, social security and pensions | 62 | €3,475 | -€54 | -€3,528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,031 | €2,086 | +€55 | +2.7% |
| Other operating charges | 640/8 | €3,544 | €1,809 | -€1,735 | -48.9% |
| Gross operating margin | 9900 | €44,178 | €49,447 | +€5,269 | +11.9% |
| Operating profit (loss) | 9901 | €35,129 | €45,606 | +€10,477 | +29.8% |
| Financial income | 75/76B | €2,047 | €2,047 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,047 | €2,047 | +€0 | 0.0% |
| Financial charges | 65/66B | €796 | €1,504 | +€709 | +89.1% |
| Recurring financial charges | 65 | €796 | €1,504 | +€709 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €36,380 | €46,149 | +€9,769 | +26.9% |
| Income taxes | 67/77 | €13,103 | €9,813 | -€3,290 | -25.1% |
| Profit (loss) for the period | 9904 | €23,277 | €36,336 | +€13,059 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,277 | €36,336 | +€13,059 | +56.1% |
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 12 October 2026 via checked.be.