Fonseca 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.
Fonseca Construct
Largest movements
- Cash -€7,881
down €7,881 (-23.2%), from €34,010 to €26,128
mainly Tax, wage and social debts (-€8,456) and Trade debts (-€1,339)
- Tax, wage and social debts -€8,456
down €8,456 (-65.0%), from €13,018 to €4,562
- Profit (loss) carried forward +€2,532
up €2,532 (+5.5%), from €46,172 to €48,703
- Trade debts -€1,339
down €1,339 (-42.9%), from €3,119 to €1,780
- Gross operating margin -€8,672
down €8,672 (-63.6%), from €13,645 to €4,973
- Taxes -€1,697
down €1,697 (-63.0%), from €2,695 to €998
- Financial charges +€1,013
up €1,013 (+583.9%), from €173 to €1,186
- Other operating charges -€303
down €303 (-50.4%), from €600 to €298
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 | €65,308 | €58,045 | -€7,263 | -11.1% |
| Current assets | 29/58 | €65,308 | €58,045 | -€7,263 | -11.1% |
| Amounts receivable within one year | 40/41 | €31,298 | €31,917 | +€618 | +2.0% |
| Trade receivables | 40 | €25,911 | €27,625 | +€1,715 | +6.6% |
| Other amounts receivable | 41 | €5,388 | €4,292 | -€1,096 | -20.3% |
| Cash at bank and in hand | 54/58 | €34,010 | €26,128 | -€7,881 | -23.2% |
| Total equity and liabilities | 10/49 | €65,308 | €58,045 | -€7,263 | -11.1% |
| Equity | 10/15 | €49,172 | €51,703 | +€2,532 | +5.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,172 | €48,703 | +€2,532 | +5.5% |
| Amounts payable | 17/49 | €16,136 | €6,342 | -€9,795 | -60.7% |
| Amounts payable within one year | 42/48 | €16,136 | €6,342 | -€9,795 | -60.7% |
| Trade debts | 44 | €3,119 | €1,780 | -€1,339 | -42.9% |
| Suppliers | 440/4 | €3,119 | €1,780 | -€1,339 | -42.9% |
| Taxes, remuneration and social security | 45 | €13,018 | €4,562 | -€8,456 | -65.0% |
| Taxes | 450/3 | €13,018 | €4,562 | -€8,456 | -65.0% |
| Other operating charges | 640/8 | €600 | €298 | -€303 | -50.4% |
| Gross operating margin | 9900 | €13,645 | €4,973 | -€8,672 | -63.6% |
| Operating profit (loss) | 9901 | €13,045 | €4,675 | -€8,370 | -64.2% |
| Financial income | 75/76B | €10 | €41 | +€31 | +311.6% |
| Recurring financial income | 75 | €10 | €41 | +€31 | +311.6% |
| Financial charges | 65/66B | €173 | €1,186 | +€1,013 | +583.9% |
| Recurring financial charges | 65 | €173 | €1,186 | +€1,013 | +583.9% |
| Profit (loss) for the period before taxes | 9903 | €12,881 | €3,530 | -€9,351 | -72.6% |
| Income taxes | 67/77 | €2,695 | €998 | -€1,697 | -63.0% |
| Profit (loss) for the period | 9904 | €10,186 | €2,532 | -€7,654 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,186 | €2,532 | -€7,654 | -75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.