FnC Group: what changed
What changed
FnC Group
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€198,785
2024 · -€67,922+€266,707
Equity
€30,000
2024 · €296,167-€266,167
Cash
€231,943
2024 · €273,063-€41,120
Balance sheet total
€864,465
2024 · €821,816+€42,649
Largest movements
Assets
- Receivables within one year +€152,490
up €152,490 (+160%), from €95,388 to €247,877
of which Trade receivables: +€139,777
- Tangible fixed assets -€74,432
down €74,432 (-16.9%), from €439,811 to €365,379
of which Furniture and vehicles: -€60,599
- Cash -€41,120
down €41,120 (-15.1%), from €273,063 to €231,943
mainly Contributions, distributions and other (-€464,953) and Receivables within one year (-€152,490)
Equity and liabilities
- Reserves -€334,089
no longer reported in 2025 (was €334,089)
- Other debts +€131,329
up €131,329 (+64.2%), from €204,407 to €335,735
- Profit (loss) carried forward +€67,922
no longer reported in 2025 (was -€67,922)
- Short-term financial debts +€60,067
new in 2025: €60,067
- Debts after one year +€57,923
up €57,923 (+35.6%), from €162,902 to €220,825
Income statement
- Gross operating margin +€259,416
up €259,416 (+179%), from €144,746 to €404,162
- Staff costs -€58,627
down €58,627 (-52.6%), from €111,463 to €52,836
- Taxes +€47,002
up €47,002 (+8,445%), from €557 to €47,559
- Depreciation +€5,102
up €5,102 (+6.4%), from €79,962 to €85,065
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€67,922
Gross operating margin
+€259,416
Staff costs
+€58,627
Depreciation
-€5,102
Other operating charges
+€1,645
Other operating items
-€3,450
Financial income
-€82
Financial charges
+€2,656
Taxes
-€47,002
Result 2025
€198,785
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€311,700
Investment
-€10,632
Financing
-€342,187
Cash 2024
€273,063
From operations (derived)
+€311,700
Net result for the year
+€198,785
Depreciation
+€85,065
Receivables within one year
-€152,490
Deferred charges and accrued income
-€5,711
Trade debts
+€28,295
Tax, wage and social debts
+€26,759
Other debts
+€131,329
Accrued charges and deferred income
-€332
Investment (derived)
-€10,632
Investment in fixed assets (net)
-€10,632
Financing
-€342,187
Debts after one year
+€57,923
Current portion of long-term debt
+€4,775
Short-term financial debts
+€60,067
Contributions, distributions and other
-€464,953
Cash 2025
€231,943
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €821,816 | €864,465 | +€42,649 | +5.2% |
| Fixed assets | 21/28 | €439,811 | €365,379 | -€74,432 | -16.9% |
| Tangible fixed assets | 22/27 | €439,811 | €365,379 | -€74,432 | -16.9% |
| Land and buildings | 22 | €149,523 | €162,676 | +€13,153 | +8.8% |
| Plant, machinery and equipment | 23 | €258 | €10,529 | +€10,270 | +3,974% |
| Furniture and vehicles | 24 | €196,110 | €135,511 | -€60,599 | -30.9% |
| Leasing and similar rights | 25 | €93,920 | €56,663 | -€37,256 | -39.7% |
| Current assets | 29/58 | €382,005 | €499,086 | +€117,081 | +30.6% |
| Amounts receivable within one year | 40/41 | €95,388 | €247,877 | +€152,490 | +160% |
| Trade receivables | 40 | €75,522 | €215,298 | +€139,777 | +185% |
| Other amounts receivable | 41 | €19,866 | €32,579 | +€12,713 | +64.0% |
| Cash at bank and in hand | 54/58 | €273,063 | €231,943 | -€41,120 | -15.1% |
| Deferred charges and accrued income | 490/1 | €13,554 | €19,265 | +€5,711 | +42.1% |
| Total equity and liabilities | 10/49 | €821,816 | €864,465 | +€42,649 | +5.2% |
| Equity | 10/15 | €296,167 | €30,000 | -€266,167 | -89.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €334,089 | - | -€334,089 | |
| Distributable reserves | 133 | €334,089 | - | -€334,089 | |
| Profit (loss) carried forward | 14 | -€67,922 | - | +€67,922 | |
| Amounts payable | 17/49 | €525,649 | €834,465 | +€308,816 | +58.7% |
| Amounts payable after more than one year | 17 | €162,902 | €220,825 | +€57,923 | +35.6% |
| Financial debts | 170/4 | €162,902 | €220,825 | +€57,923 | +35.6% |
| Amounts payable within one year | 42/48 | €361,957 | €613,181 | +€251,224 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €132,383 | €137,157 | +€4,775 | +3.6% |
| Financial debts | 43 | - | €60,067 | +€60,067 | |
| Credit institutions | 430/8 | - | €60,067 | +€60,067 | |
| Trade debts | 44 | €20,410 | €48,705 | +€28,295 | +139% |
| Suppliers | 440/4 | €20,410 | €48,705 | +€28,295 | +139% |
| Taxes, remuneration and social security | 45 | €4,757 | €31,516 | +€26,759 | +563% |
| Taxes | 450/3 | €2,288 | €24,400 | +€22,112 | +966% |
| Remuneration and social security | 454/9 | €2,469 | €7,116 | +€4,648 | +188% |
| Other amounts payable | 47/48 | €204,407 | €335,735 | +€131,329 | +64.2% |
| Accrued charges and deferred income | 492/3 | €790 | €459 | -€332 | -42.0% |
| Non-recurring operating income | 76A | €536 | €3,435 | +€2,899 | +541% |
| Remuneration, social security and pensions | 62 | €111,463 | €52,836 | -€58,627 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,962 | €85,065 | +€5,102 | +6.4% |
| Other operating charges | 640/8 | €7,732 | €6,087 | -€1,645 | -21.3% |
| Non-recurring operating charges | 66A | - | €3,450 | +€3,450 | |
| Gross operating margin | 9900 | €144,746 | €404,162 | +€259,416 | +179% |
| Operating profit (loss) | 9901 | -€54,411 | €256,724 | +€311,135 | |
| Financial income | 75/76B | €86 | €4 | -€82 | -95.4% |
| Recurring financial income | 75 | €86 | €4 | -€82 | -95.4% |
| Financial charges | 65/66B | €13,040 | €10,384 | -€2,656 | -20.4% |
| Recurring financial charges | 65 | €13,040 | €10,384 | -€2,656 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€67,365 | €246,344 | +€313,709 | |
| Income taxes | 67/77 | €557 | €47,559 | +€47,002 | +8,445% |
| Profit (loss) for the period | 9904 | -€67,922 | €198,785 | +€266,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,922 | €198,785 | +€266,707 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.