FRS 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.
FRS CONSTRUCT
Largest movements
- Tangible fixed assets +€22,763
up €22,763 (+474.5%), from €4,797 to €27,560
of which Furniture and vehicles: +€18,700
- Cash +€697
up €697 (+8.0%), from €8,666 to €9,363
mainly Other debts (+€24,054) and Depreciation (+€5,637)
- Deferred charges and accrued income -€689
no longer reported in 2025 (was €689)
- Receivables within one year +€570
up €570 (+102.5%), from €556 to €1,126
of which Other amounts receivable: +€826
- Other debts +€24,054
up €24,054 (+3173.4%), from €758 to €24,812
- Trade debts +€3,075
up €3,075 (+4046.1%), from €76 to €3,151
- Profit (loss) carried forward -€3,056
down €3,056 (-98.7%), from €3,095 to €39
- Tax, wage and social debts -€492
down €492 (-7.9%), from €6,209 to €5,717
of which Remuneration and social security: -€2,221
- Staff costs +€24,575
up €24,575 (+171.5%), from €14,327 to €38,902
- Gross operating margin +€23,117
up €23,117 (+109.4%), from €21,136 to €44,253
- Depreciation +€3,507
up €3,507 (+164.6%), from €2,130 to €5,637
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 | €20,138 | €43,719 | +€23,581 | +117.1% |
| Fixed assets | 21/28 | €4,797 | €27,560 | +€22,763 | +474.5% |
| Tangible fixed assets | 22/27 | €4,797 | €27,560 | +€22,763 | +474.5% |
| Plant, machinery and equipment | 23 | €797 | €4,860 | +€4,063 | +509.8% |
| Furniture and vehicles | 24 | €4,000 | €22,700 | +€18,700 | +467.5% |
| Current assets | 29/58 | €15,341 | €16,159 | +€818 | +5.3% |
| Stocks and contracts in progress | 3 | €5,430 | €5,670 | +€240 | +4.4% |
| Stocks | 30/36 | €5,430 | €5,670 | +€240 | +4.4% |
| Amounts receivable within one year | 40/41 | €556 | €1,126 | +€570 | +102.5% |
| Trade receivables | 40 | €256 | - | -€256 | |
| Other amounts receivable | 41 | €300 | €1,126 | +€826 | +275.3% |
| Cash at bank and in hand | 54/58 | €8,666 | €9,363 | +€697 | +8.0% |
| Deferred charges and accrued income | 490/1 | €689 | - | -€689 | |
| Total equity and liabilities | 10/49 | €20,138 | €43,719 | +€23,581 | +117.1% |
| Equity | 10/15 | €13,095 | €10,039 | -€3,056 | -23.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,095 | €39 | -€3,056 | -98.7% |
| Amounts payable | 17/49 | €7,043 | €33,680 | +€26,637 | +378.2% |
| Amounts payable within one year | 42/48 | €7,043 | €33,680 | +€26,637 | +378.2% |
| Trade debts | 44 | €76 | €3,151 | +€3,075 | +4046.1% |
| Suppliers | 440/4 | €76 | €3,151 | +€3,075 | +4046.1% |
| Taxes, remuneration and social security | 45 | €6,209 | €5,717 | -€492 | -7.9% |
| Taxes | 450/3 | €631 | €2,360 | +€1,729 | +274.0% |
| Remuneration and social security | 454/9 | €5,578 | €3,357 | -€2,221 | -39.8% |
| Other amounts payable | 47/48 | €758 | €24,812 | +€24,054 | +3173.4% |
| Remuneration, social security and pensions | 62 | €14,327 | €38,902 | +€24,575 | +171.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,130 | €5,637 | +€3,507 | +164.6% |
| Other operating charges | 640/8 | €1,000 | €884 | -€116 | -11.6% |
| Non-recurring operating charges | 66A | €1,094 | - | -€1,094 | |
| Gross operating margin | 9900 | €21,136 | €44,253 | +€23,117 | +109.4% |
| Operating profit (loss) | 9901 | €2,585 | -€1,170 | -€3,755 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €264 | €539 | +€275 | +104.2% |
| Recurring financial charges | 65 | €264 | €539 | +€275 | +104.2% |
| Profit (loss) for the period before taxes | 9903 | €2,321 | -€1,648 | -€3,969 | |
| Income taxes | 67/77 | €1,437 | €1,407 | -€30 | -2.1% |
| Profit (loss) for the period | 9904 | €884 | -€3,055 | -€3,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €884 | -€3,055 | -€3,939 |
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 3 October 2026 via checked.be.