FRED 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 CONSTRUCT
Largest movements
- Receivables within one year +€33,496
up €33,496 (+20.2%), from €165,833 to €199,328
of which Trade receivables: +€20,085
- Cash +€24,508
up €24,508 (+17.6%), from €139,495 to €164,003
mainly Net result for the year (+€54,340) and Tax, wage and social debts (+€11,735)
- Tangible fixed assets -€3,825
down €3,825 (-31.5%), from €12,151 to €8,326
of which Furniture and vehicles: -€3,500
- Profit (loss) carried forward +€54,340
up €54,340 (+28.0%), from €194,015 to €248,355
- Trade debts -€11,838
down €11,838 (-48.0%), from €24,679 to €12,841
- Tax, wage and social debts +€11,735
up €11,735 (+16.1%), from €73,060 to €84,795
of which Remuneration and social security: +€14,773
- Taxes +€4,234
up €4,234 (+20.2%), from €20,950 to €25,184
- Gross operating margin +€2,369
up €2,369 (+2.8%), from €84,054 to €86,424
- Financial charges -€1,616
down €1,616 (-46.6%), from €3,470 to €1,854
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,843 | €377,729 | +€56,887 | +17.7% |
| Fixed assets | 21/28 | €12,761 | €11,696 | -€1,065 | -8.3% |
| Tangible fixed assets | 22/27 | €12,151 | €8,326 | -€3,825 | -31.5% |
| Plant, machinery and equipment | 23 | €1,220 | €895 | -€325 | -26.6% |
| Furniture and vehicles | 24 | €10,932 | €7,432 | -€3,500 | -32.0% |
| Financial fixed assets | 28 | €610 | €3,370 | +€2,760 | +452.5% |
| Current assets | 29/58 | €308,081 | €366,033 | +€57,951 | +18.8% |
| Amounts receivable within one year | 40/41 | €165,833 | €199,328 | +€33,496 | +20.2% |
| Trade receivables | 40 | €164,978 | €185,064 | +€20,085 | +12.2% |
| Other amounts receivable | 41 | €854 | €14,264 | +€13,410 | +1569.8% |
| Cash at bank and in hand | 54/58 | €139,495 | €164,003 | +€24,508 | +17.6% |
| Deferred charges and accrued income | 490/1 | €2,754 | €2,701 | -€52 | -1.9% |
| Total equity and liabilities | 10/49 | €320,843 | €377,729 | +€56,887 | +17.7% |
| Equity | 10/15 | €202,275 | €256,615 | +€54,340 | +26.9% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,015 | €248,355 | +€54,340 | +28.0% |
| Amounts payable | 17/49 | €118,567 | €121,114 | +€2,547 | +2.1% |
| Amounts payable within one year | 42/48 | €118,567 | €121,114 | +€2,547 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €856 | - | -€856 | |
| Trade debts | 44 | €24,679 | €12,841 | -€11,838 | -48.0% |
| Suppliers | 440/4 | €24,679 | €12,841 | -€11,838 | -48.0% |
| Taxes, remuneration and social security | 45 | €73,060 | €84,795 | +€11,735 | +16.1% |
| Taxes | 450/3 | €39,860 | €36,822 | -€3,038 | -7.6% |
| Remuneration and social security | 454/9 | €33,200 | €47,973 | +€14,773 | +44.5% |
| Other amounts payable | 47/48 | €19,972 | €23,478 | +€3,506 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,912 | €3,825 | -€87 | -2.2% |
| Other operating charges | 640/8 | €1,367 | €1,221 | -€146 | -10.7% |
| Gross operating margin | 9900 | €84,054 | €86,424 | +€2,369 | +2.8% |
| Operating profit (loss) | 9901 | €78,776 | €81,378 | +€2,602 | +3.3% |
| Financial income | 75/76B | €3 | €1 | -€2 | -79.3% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -79.3% |
| Financial charges | 65/66B | €3,470 | €1,854 | -€1,616 | -46.6% |
| Recurring financial charges | 65 | €3,470 | €1,854 | -€1,616 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €75,308 | €79,524 | +€4,216 | +5.6% |
| Income taxes | 67/77 | €20,950 | €25,184 | +€4,234 | +20.2% |
| Profit (loss) for the period | 9904 | €54,358 | €54,340 | -€18 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,358 | €54,340 | -€18 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.