Foqué 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.
Foqué Construct
Largest movements
- Tangible fixed assets +€959,701
up €959,701 (+269.7%), from €355,822 to €1.3m
of which Land and buildings: +€844,000
- Cash -€97,272
down €97,272 (-20.4%), from €477,779 to €380,507
mainly Investment in fixed assets (net) (-€1.2m) and Other debts (-€52,000)
- Debts after one year +€805,288
up €805,288 (+350.1%), from €230,039 to €1.0m
- Reserves +€105,000
up €105,000 (+14.0%), from €747,610 to €852,610
of which Distributable reserves: +€105,000
- Other debts -€52,000
down €52,000 (-71.6%), from €72,671 to €20,671
- Current portion of long-term debt +€48,714
up €48,714 (+47.3%), from €102,970 to €151,684
- Trade debts -€27,380
down €27,380 (-6.0%), from €452,951 to €425,571
- Depreciation +€133,531
up €133,531 (+106.9%), from €124,910 to €258,441
- Staff costs +€107,015
up €107,015 (+37.3%), from €286,738 to €393,753
- Taxes -€58,505
down €58,505 (-55.2%), from €105,971 to €47,466
- Gross operating margin +€23,405
up €23,405 (+2.9%), from €816,297 to €839,702
- Financial charges +€8,797
up €8,797 (+34.4%), from €25,571 to €34,368
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 | €1,764,030 | €2,634,975 | +€870,945 | +49.4% |
| Fixed assets | 21/28 | €363,830 | €1,324,140 | +€960,310 | +263.9% |
| Intangible fixed assets | 21 | €1,789 | €3,367 | +€1,578 | +88.2% |
| Tangible fixed assets | 22/27 | €355,822 | €1,315,523 | +€959,701 | +269.7% |
| Land and buildings | 22 | - | €844,000 | +€844,000 | |
| Plant, machinery and equipment | 23 | €62,412 | €63,481 | +€1,069 | +1.7% |
| Furniture and vehicles | 24 | €46,435 | €62,037 | +€15,602 | +33.6% |
| Leasing and similar rights | 25 | €246,975 | €346,005 | +€99,030 | +40.1% |
| Financial fixed assets | 28 | €6,219 | €5,250 | -€969 | -15.6% |
| Current assets | 29/58 | €1,400,200 | €1,310,835 | -€89,365 | -6.4% |
| Stocks and contracts in progress | 3 | €41,945 | €58,672 | +€16,727 | +39.9% |
| Stocks | 30/36 | €41,945 | €58,672 | +€16,727 | +39.9% |
| Amounts receivable within one year | 40/41 | €872,799 | €862,715 | -€10,084 | -1.2% |
| Trade receivables | 40 | €808,457 | €855,180 | +€46,723 | +5.8% |
| Other amounts receivable | 41 | €64,342 | €7,535 | -€56,807 | -88.3% |
| Cash at bank and in hand | 54/58 | €477,779 | €380,507 | -€97,272 | -20.4% |
| Deferred charges and accrued income | 490/1 | €7,677 | €8,941 | +€1,264 | +16.5% |
| Total equity and liabilities | 10/49 | €1,764,030 | €2,634,975 | +€870,945 | +49.4% |
| Equity | 10/15 | €757,357 | €863,549 | +€106,192 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €747,610 | €852,610 | +€105,000 | +14.0% |
| Tax-exempt reserves | 132 | €30,750 | €30,750 | = | 0.0% |
| Distributable reserves | 133 | €716,860 | €821,860 | +€105,000 | +14.6% |
| Profit (loss) carried forward | 14 | €3,547 | €4,739 | +€1,192 | +33.6% |
| Amounts payable | 17/49 | €1,006,673 | €1,771,426 | +€764,753 | +76.0% |
| Amounts payable after more than one year | 17 | €230,039 | €1,035,327 | +€805,288 | +350.1% |
| Financial debts | 170/4 | €230,039 | €1,035,327 | +€805,288 | +350.1% |
| Amounts payable within one year | 42/48 | €776,634 | €736,099 | -€40,535 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €102,970 | €151,684 | +€48,714 | +47.3% |
| Financial debts | 43 | €6,761 | - | -€6,761 | |
| Credit institutions | 430/8 | €6,761 | - | -€6,761 | |
| Trade debts | 44 | €452,951 | €425,571 | -€27,380 | -6.0% |
| Suppliers | 440/4 | €452,951 | €425,571 | -€27,380 | -6.0% |
| Taxes, remuneration and social security | 45 | €141,281 | €138,173 | -€3,108 | -2.2% |
| Taxes | 450/3 | €133,521 | €126,965 | -€6,556 | -4.9% |
| Remuneration and social security | 454/9 | €7,760 | €11,208 | +€3,448 | +44.4% |
| Other amounts payable | 47/48 | €72,671 | €20,671 | -€52,000 | -71.6% |
| Remuneration, social security and pensions | 62 | €286,738 | €393,753 | +€107,015 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,910 | €258,441 | +€133,531 | +106.9% |
| Other operating charges | 640/8 | €1,589 | €2,070 | +€481 | +30.3% |
| Gross operating margin | 9900 | €816,297 | €839,702 | +€23,405 | +2.9% |
| Operating profit (loss) | 9901 | €403,060 | €185,438 | -€217,622 | -54.0% |
| Financial income | 75/76B | €7,732 | €2,588 | -€5,144 | -66.5% |
| Recurring financial income | 75 | €7,732 | €2,588 | -€5,144 | -66.5% |
| Financial charges | 65/66B | €25,571 | €34,368 | +€8,797 | +34.4% |
| Recurring financial charges | 65 | €25,571 | €34,368 | +€8,797 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €385,221 | €153,658 | -€231,563 | -60.1% |
| Income taxes | 67/77 | €105,971 | €47,466 | -€58,505 | -55.2% |
| Profit (loss) for the period | 9904 | €279,250 | €106,192 | -€173,058 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €279,250 | €106,192 | -€173,058 | -62.0% |
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 29 September 2026 via checked.be.