FM-CONSTRUCTION: 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-CONSTRUCTION
Largest movements
- Receivables within one year -€23,190
down €23,190 (-42.4%), from €54,690 to €31,500
of which Trade receivables: -€23,190
- Other debts -€27,645
down €27,645 (-37.8%), from €73,150 to €45,504
- Gross operating margin +€3,206
up €3,206 (+88.4%), from €3,626 to €6,831
- Other operating charges +€1,763
up €1,763 (+125%), from €1,406 to €3,169
- Taxes +€541
up €541 (+124%), from €438 to €979
- Financial charges -€236
down €236 (-15.2%), from €1,555 to €1,319
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.
Derived cash bridge
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 | €551,820 | €523,940 | -€27,879 | -5.1% |
| Fixed assets | 21/28 | €479,900 | €479,900 | = | 0.0% |
| Financial fixed assets | 28 | €479,900 | €479,900 | = | 0.0% |
| Current assets | 29/58 | €71,920 | €44,040 | -€27,879 | -38.8% |
| Amounts receivable within one year | 40/41 | €54,690 | €31,500 | -€23,190 | -42.4% |
| Trade receivables | 40 | €54,690 | €31,500 | -€23,190 | -42.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €17,230 | €12,540 | -€4,689 | -27.2% |
| Total equity and liabilities | 10/49 | €551,820 | €523,940 | -€27,879 | -5.1% |
| Equity | 10/15 | €124,832 | €126,197 | +€1,365 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,232 | €107,597 | +€1,365 | +1.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €104,372 | €107,597 | +€3,225 | +3.1% |
| Amounts payable | 17/49 | €426,988 | €397,744 | -€29,244 | -6.8% |
| Amounts payable after more than one year | 17 | €335,000 | €335,000 | = | 0.0% |
| Financial debts | 170/4 | €335,000 | €335,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,988 | €62,744 | -€29,244 | -31.8% |
| Financial debts | 43 | €1,233 | €1,113 | -€121 | -9.8% |
| Other loans | 439 | €1,233 | €1,113 | -€121 | -9.8% |
| Trade debts | 44 | €10,436 | €10,525 | +€89 | +0.9% |
| Suppliers | 440/4 | €10,436 | €10,525 | +€89 | +0.9% |
| Taxes, remuneration and social security | 45 | €7,169 | €5,602 | -€1,567 | -21.9% |
| Taxes | 450/3 | €7,169 | €5,602 | -€1,567 | -21.9% |
| Other amounts payable | 47/48 | €73,150 | €45,504 | -€27,645 | -37.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,406 | €3,169 | +€1,763 | +125% |
| Gross operating margin | 9900 | €3,626 | €6,831 | +€3,206 | +88.4% |
| Operating profit (loss) | 9901 | €2,220 | €3,663 | +€1,443 | +65.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,555 | €1,319 | -€236 | -15.2% |
| Recurring financial charges | 65 | €1,555 | €1,319 | -€236 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €664 | €2,343 | +€1,679 | +253% |
| Income taxes | 67/77 | €438 | €979 | +€541 | +124% |
| Profit (loss) for the period | 9904 | €227 | €1,365 | +€1,138 | +502% |
| Profit (loss) for the period to be appropriated | 9905 | €227 | €1,365 | +€1,138 | +502% |
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 15 October 2026 via checked.be.