FRED CK CONSTRUCT: 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.
FRED CK CONSTRUCT
Largest movements
- Cash -€11,345
down €11,345 (-99.9%), from €11,357 to €12
mainly Debts after one year (-€9,376) and Stocks and contracts (-€8,987)
- Stocks and contracts +€8,987
new in 2025: €8,987
- Tangible fixed assets -€1,073
down €1,073 (-1.4%), from €74,978 to €73,905
of which Furniture and vehicles: -€1,073
- Advances received +€11,619
new in 2025: €11,619
- Debts after one year -€9,376
down €9,376 (-24.7%), from €37,890 to €28,514
- Accrued charges and deferred income -€8,316
no longer reported in 2025 (was €8,316)
- Short-term financial debts +€4,778
new in 2025: €4,778
- Other debts -€3,680
down €3,680 (-37.6%), from €9,777 to €6,098
- Gross operating margin -€7,222
down €7,222 (-45.1%), from €15,998 to €8,776
- Taxes -€1,331
down €1,331 (-68.2%), from €1,951 to €620
- Depreciation -€1,014
down €1,014 (-48.6%), from €2,086 to €1,073
- Financial charges -€698
down €698 (-20.5%), from €3,397 to €2,700
- Other operating charges -€164
down €164 (-6.6%), from €2,476 to €2,312
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
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 | €89,222 | €85,311 | -€3,910 | -4.4% |
| Fixed assets | 21/28 | €75,003 | €73,975 | -€1,028 | -1.4% |
| Tangible fixed assets | 22/27 | €74,978 | €73,905 | -€1,073 | -1.4% |
| Furniture and vehicles | 24 | €1,073 | - | -€1,073 | |
| Assets under construction and advance payments | 27 | €73,905 | €73,905 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €70 | +€45 | +180% |
| Current assets | 29/58 | €14,219 | €11,336 | -€2,883 | -20.3% |
| Stocks and contracts in progress | 3 | - | €8,987 | +€8,987 | |
| Stocks | 30/36 | - | €8,987 | +€8,987 | |
| Amounts receivable within one year | 40/41 | €2,862 | €2,337 | -€525 | -18.3% |
| Trade receivables | 40 | €1,700 | €1,585 | -€115 | -6.8% |
| Other amounts receivable | 41 | €1,162 | €752 | -€410 | -35.3% |
| Cash at bank and in hand | 54/58 | €11,357 | €12 | -€11,345 | -99.9% |
| Total equity and liabilities | 10/49 | €89,222 | €85,311 | -€3,910 | -4.4% |
| Equity | 10/15 | €19,790 | €21,928 | +€2,138 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€670 | €1,468 | +€2,138 | |
| Amounts payable | 17/49 | €69,432 | €63,384 | -€6,049 | -8.7% |
| Amounts payable after more than one year | 17 | €37,890 | €28,514 | -€9,376 | -24.7% |
| Financial debts | 170/4 | €37,890 | €28,514 | -€9,376 | -24.7% |
| Amounts payable within one year | 42/48 | €23,226 | €34,869 | +€11,643 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €9,200 | +€200 | +2.2% |
| Financial debts | 43 | - | €4,778 | +€4,778 | |
| Credit institutions | 430/8 | - | €4,778 | +€4,778 | |
| Trade debts | 44 | €3,746 | €2,364 | -€1,381 | -36.9% |
| Suppliers | 440/4 | €3,746 | €2,364 | -€1,381 | -36.9% |
| Advances received on contracts in progress | 46 | - | €11,619 | +€11,619 | |
| Taxes, remuneration and social security | 45 | €703 | €810 | +€106 | +15.1% |
| Taxes | 450/3 | €703 | €810 | +€106 | +15.1% |
| Other amounts payable | 47/48 | €9,777 | €6,098 | -€3,680 | -37.6% |
| Accrued charges and deferred income | 492/3 | €8,316 | - | -€8,316 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,086 | €1,073 | -€1,014 | -48.6% |
| Other operating charges | 640/8 | €2,476 | €2,312 | -€164 | -6.6% |
| Gross operating margin | 9900 | €15,998 | €8,776 | -€7,222 | -45.1% |
| Operating profit (loss) | 9901 | €11,436 | €5,392 | -€6,044 | -52.9% |
| Financial income | 75/76B | €31 | €66 | +€36 | +118% |
| Recurring financial income | 75 | €31 | €66 | +€36 | +118% |
| Financial charges | 65/66B | €3,397 | €2,700 | -€698 | -20.5% |
| Recurring financial charges | 65 | €3,397 | €2,700 | -€698 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €8,069 | €2,759 | -€5,311 | -65.8% |
| Income taxes | 67/77 | €1,951 | €620 | -€1,331 | -68.2% |
| Profit (loss) for the period | 9904 | €6,118 | €2,138 | -€3,980 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,118 | €2,138 | -€3,980 | -65.1% |
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.