FRECONSTRUCT: 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.
FRECONSTRUCT
Largest movements
- Cash +€105,407
up €105,407 (+1964.5%), from €5,366 to €110,773
mainly Receivables within one year (+€101,225) and Net result for the year (+€61,296)
- Receivables within one year -€101,225
down €101,225 (-71.2%), from €142,129 to €40,905
of which Other amounts receivable: -€88,784
- Tangible fixed assets -€50,371
down €50,371 (-100.0%), from €50,371 to €0
- Deferred charges and accrued income +€33,056
up €33,056 (+2738.3%), from €1,207 to €34,263
- Other debts -€97,369
down €97,369 (-45.1%), from €215,844 to €118,476
- Profit (loss) carried forward +€61,296
up €61,296 (+68.2%), from -€89,913 to -€28,617
- Debts after one year +€33,905
up €33,905 (+51.3%), from €66,095 to €100,000
- Current portion of long-term debt -€8,249
down €8,249 (-100.0%), from €8,249 to €0
- Trade debts -€5,512
down €5,512 (-95.4%), from €5,776 to €263
- Gross operating margin +€112,499
up €112,499, from -€1,148 to €111,351
- Other operating charges +€111,093
up €111,093 (+1638.8%), from €6,779 to €117,872
- Financial income +€69,961
up €69,961 (+168418.9%), from €42 to €70,003
of which Non-recurring financial income: +€70,000
- Depreciation -€12,320
down €12,320 (-100.0%), from €12,320 to €0
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 | €282,130 | €266,497 | -€15,633 | -5.5% |
| Fixed assets | 21/28 | €55,871 | €3,000 | -€52,871 | -94.6% |
| Tangible fixed assets | 22/27 | €50,371 | €0 | -€50,371 | -100.0% |
| Land and buildings | 22 | €50,371 | €0 | -€50,371 | -100.0% |
| Financial fixed assets | 28 | €5,500 | €3,000 | -€2,500 | -45.5% |
| Current assets | 29/58 | €226,259 | €263,497 | +€37,239 | +16.5% |
| Stocks and contracts in progress | 3 | €77,557 | €77,557 | = | 0.0% |
| Stocks | 30/36 | €77,557 | €77,557 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €142,129 | €40,905 | -€101,225 | -71.2% |
| Trade receivables | 40 | €52,852 | €40,412 | -€12,440 | -23.5% |
| Other amounts receivable | 41 | €89,277 | €493 | -€88,784 | -99.4% |
| Cash at bank and in hand | 54/58 | €5,366 | €110,773 | +€105,407 | +1964.5% |
| Deferred charges and accrued income | 490/1 | €1,207 | €34,263 | +€33,056 | +2738.3% |
| Total equity and liabilities | 10/49 | €282,130 | €266,497 | -€15,633 | -5.5% |
| Equity | 10/15 | -€14,760 | €46,912 | +€61,672 | |
| Contributions | 10/11 | €40,000 | €40,376 | +€376 | +0.9% |
| Reserves | 13 | €35,153 | €35,153 | = | 0.0% |
| Distributable reserves | 133 | €35,153 | €35,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,913 | -€28,617 | +€61,296 | +68.2% |
| Amounts payable | 17/49 | €296,889 | €219,585 | -€77,304 | -26.0% |
| Amounts payable after more than one year | 17 | €66,095 | €100,000 | +€33,905 | +51.3% |
| Financial debts | 170/4 | €66,095 | €100,000 | +€33,905 | +51.3% |
| Amounts payable within one year | 42/48 | €230,795 | €119,585 | -€111,210 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €8,249 | €0 | -€8,249 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,776 | €263 | -€5,512 | -95.4% |
| Suppliers | 440/4 | €5,776 | €263 | -€5,512 | -95.4% |
| Taxes, remuneration and social security | 45 | €925 | €846 | -€80 | -8.6% |
| Taxes | 450/3 | €925 | €846 | -€80 | -8.6% |
| Other amounts payable | 47/48 | €215,844 | €118,476 | -€97,369 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,320 | €0 | -€12,320 | -100.0% |
| Other operating charges | 640/8 | €6,779 | €117,872 | +€111,093 | +1638.8% |
| Gross operating margin | 9900 | -€1,148 | €111,351 | +€112,499 | |
| Operating profit (loss) | 9901 | -€20,247 | -€6,521 | +€13,726 | +67.8% |
| Financial income | 75/76B | €42 | €70,003 | +€69,961 | +168418.9% |
| Recurring financial income | 75 | €42 | €3 | -€39 | -93.4% |
| Non-recurring financial income | 76B | - | €70,000 | +€70,000 | |
| Financial charges | 65/66B | €2,243 | €2,058 | -€185 | -8.2% |
| Recurring financial charges | 65 | €2,243 | €2,058 | -€185 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,448 | €61,423 | +€83,871 | |
| Income taxes | 67/77 | €123 | €128 | +€4 | +3.3% |
| Profit (loss) for the period | 9904 | -€22,572 | €61,296 | +€83,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,572 | €61,296 | +€83,867 |
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 9 October 2026 via checked.be.