FRIENDS CONSTRUCTION: 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.
FRIENDS CONSTRUCTION
Largest movements
- Tangible fixed assets +€9,397
new in 2025: €9,397
- Cash +€6,014
up €6,014 (+110.1%), from €5,462 to €11,476
mainly Other debts (+€25,882) and Tax, wage and social debts (+€7,002)
- Deferred charges and accrued income +€2,530
new in 2025: €2,530
- Receivables within one year +€315
new in 2025: €315
- Other debts +€25,882
up €25,882 (+63.7%), from €40,607 to €66,489
- Profit (loss) carried forward -€16,708
down €16,708 (-28.3%), from -€58,944 to -€75,652
- Tax, wage and social debts +€7,002
up €7,002 (+39.8%), from €17,599 to €24,602
of which Taxes: +€6,588
- Trade debts +€2,080
new in 2025: €2,080
- Gross operating margin -€9,638
down €9,638 (-49.0%), from €19,683 to €10,045
- Staff costs +€9,140
up €9,140 (+61.5%), from €14,851 to €23,992
- Depreciation +€1,391
new in 2025: €1,391
- Financial charges +€770
new in 2025: €770
of which Non-recurring financial charges: +€742
- Other operating charges +€600
new in 2025: €600
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 | €5,462 | €23,718 | +€18,256 | +334.3% |
| Fixed assets | 21/28 | - | €9,397 | +€9,397 | |
| Tangible fixed assets | 22/27 | - | €9,397 | +€9,397 | |
| Plant, machinery and equipment | 23 | - | €9,397 | +€9,397 | |
| Current assets | 29/58 | €5,462 | €14,321 | +€8,859 | +162.2% |
| Amounts receivable within one year | 40/41 | - | €315 | +€315 | |
| Other amounts receivable | 41 | - | €315 | +€315 | |
| Cash at bank and in hand | 54/58 | €5,462 | €11,476 | +€6,014 | +110.1% |
| Deferred charges and accrued income | 490/1 | - | €2,530 | +€2,530 | |
| Total equity and liabilities | 10/49 | €5,462 | €23,718 | +€18,256 | +334.3% |
| Equity | 10/15 | -€52,744 | -€69,452 | -€16,708 | -31.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€58,944 | -€75,652 | -€16,708 | -28.3% |
| Amounts payable | 17/49 | €58,206 | €93,170 | +€34,964 | +60.1% |
| Amounts payable within one year | 42/48 | €58,206 | €93,170 | +€34,964 | +60.1% |
| Trade debts | 44 | - | €2,080 | +€2,080 | |
| Suppliers | 440/4 | - | €2,080 | +€2,080 | |
| Taxes, remuneration and social security | 45 | €17,599 | €24,602 | +€7,002 | +39.8% |
| Taxes | 450/3 | €17,599 | €24,187 | +€6,588 | +37.4% |
| Remuneration and social security | 454/9 | - | €415 | +€415 | |
| Other amounts payable | 47/48 | €40,607 | €66,489 | +€25,882 | +63.7% |
| Remuneration, social security and pensions | 62 | €14,851 | €23,992 | +€9,140 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,391 | +€1,391 | |
| Other operating charges | 640/8 | - | €600 | +€600 | |
| Gross operating margin | 9900 | €19,683 | €10,045 | -€9,638 | -49.0% |
| Operating profit (loss) | 9901 | €4,832 | -€15,938 | -€20,769 | |
| Financial charges | 65/66B | - | €770 | +€770 | |
| Recurring financial charges | 65 | - | €28 | +€28 | |
| Non-recurring financial charges | 66B | - | €742 | +€742 | |
| Profit (loss) for the period before taxes | 9903 | €4,832 | -€16,708 | -€21,539 | |
| Profit (loss) for the period | 9904 | €4,832 | -€16,708 | -€21,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,832 | -€16,708 | -€21,539 |
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.