FTH QUALITY 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.
FTH QUALITY CONSTRUCT
Largest movements
- Receivables within one year -€212,781
down €212,781 (-42.1%), from €505,258 to €292,477
of which Trade receivables: -€220,284
- Stocks and contracts -€53,336
down €53,336 (-5.5%), from €966,430 to €913,094
- Cash +€35,282
up €35,282 (+144%), from €24,562 to €59,844
mainly Receivables within one year (+€212,781) and Net result for the year (+€121,081)
- Trade debts -€157,418
down €157,418 (-14.5%), from €1.1m to €930,428
- Debts after one year -€121,009
down €121,009 (-58.8%), from €205,937 to €84,928
of which Financial debts: -€71,009
- Reserves +€120,000
up €120,000 (+115%), from €104,000 to €224,000
of which Distributable reserves: +€120,000
- Other debts -€105,405
down €105,405 (-76.2%), from €138,286 to €32,881
- Short-term financial debts +€25,000
up €25,000, from €0 to €25,000
- Gross operating margin +€129,560
up €129,560 (+85.3%), from €151,800 to €281,360
- Taxes +€44,933
up €44,933 (+244%), from €18,388 to €63,321
- Staff costs +€6,562
up €6,562 (+10.8%), from €60,513 to €67,075
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.
Derived cash bridge
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 | €1,616,414 | €1,380,796 | -€235,618 | -14.6% |
| Fixed assets | 21/28 | €110,687 | €105,357 | -€5,330 | -4.8% |
| Tangible fixed assets | 22/27 | €110,065 | €96,383 | -€13,682 | -12.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €5,428 | €4,199 | -€1,229 | -22.6% |
| Furniture and vehicles | 24 | - | €2,485 | +€2,485 | |
| Leasing and similar rights | 25 | €104,637 | €89,699 | -€14,938 | -14.3% |
| Financial fixed assets | 28 | €622 | €8,974 | +€8,352 | +1,343% |
| Current assets | 29/58 | €1,505,727 | €1,275,439 | -€230,288 | -15.3% |
| Stocks and contracts in progress | 3 | €966,430 | €913,094 | -€53,336 | -5.5% |
| Stocks | 30/36 | €966,430 | €913,094 | -€53,336 | -5.5% |
| Amounts receivable within one year | 40/41 | €505,258 | €292,477 | -€212,781 | -42.1% |
| Trade receivables | 40 | €448,288 | €228,004 | -€220,284 | -49.1% |
| Other amounts receivable | 41 | €56,970 | €64,474 | +€7,504 | +13.2% |
| Cash at bank and in hand | 54/58 | €24,562 | €59,844 | +€35,282 | +144% |
| Deferred charges and accrued income | 490/1 | €9,477 | €10,024 | +€547 | +5.8% |
| Total equity and liabilities | 10/49 | €1,616,414 | €1,380,796 | -€235,618 | -14.6% |
| Equity | 10/15 | €140,983 | €262,064 | +€121,081 | +85.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €104,000 | €224,000 | +€120,000 | +115% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €104,000 | €224,000 | +€120,000 | +115% |
| Profit (loss) carried forward | 14 | €28,923 | €30,004 | +€1,081 | +3.7% |
| Amounts payable | 17/49 | €1,475,431 | €1,118,731 | -€356,700 | -24.2% |
| Amounts payable after more than one year | 17 | €205,937 | €84,928 | -€121,009 | -58.8% |
| Financial debts | 170/4 | €105,937 | €34,928 | -€71,009 | -67.0% |
| Other amounts payable | 178/9 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Amounts payable within one year | 42/48 | €1,269,494 | €1,033,279 | -€236,215 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €29,988 | €16,486 | -€13,502 | -45.0% |
| Financial debts | 43 | €0 | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | €0 | €25,000 | +€25,000 | |
| Trade debts | 44 | €1,087,846 | €930,428 | -€157,418 | -14.5% |
| Suppliers | 440/4 | €1,087,846 | €930,428 | -€157,418 | -14.5% |
| Taxes, remuneration and social security | 45 | €13,374 | €28,485 | +€15,111 | +113% |
| Taxes | 450/3 | €5,214 | €22,295 | +€17,081 | +328% |
| Remuneration and social security | 454/9 | €8,160 | €6,190 | -€1,970 | -24.1% |
| Other amounts payable | 47/48 | €138,286 | €32,881 | -€105,405 | -76.2% |
| Accrued charges and deferred income | 492/3 | - | €524 | +€524 | |
| Remuneration, social security and pensions | 62 | €60,513 | €67,075 | +€6,562 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,655 | €16,877 | +€1,222 | +7.8% |
| Other operating charges | 640/8 | €1,879 | €4,600 | +€2,721 | +145% |
| Gross operating margin | 9900 | €151,800 | €281,360 | +€129,560 | +85.3% |
| Operating profit (loss) | 9901 | €73,753 | €192,807 | +€119,054 | +161% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €10,438 | €8,407 | -€2,031 | -19.5% |
| Recurring financial charges | 65 | €10,438 | €8,407 | -€2,031 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €63,315 | €184,403 | +€121,088 | +191% |
| Income taxes | 67/77 | €18,388 | €63,321 | +€44,933 | +244% |
| Profit (loss) for the period | 9904 | €44,927 | €121,081 | +€76,154 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €44,927 | €121,081 | +€76,154 | +170% |
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 17 October 2026 via checked.be.