Laurent FABRY Constructions: 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.
Laurent FABRY Constructions
Largest movements
- Tangible fixed assets +€78,344
up €78,344 (+8.5%), from €918,303 to €996,647
of which Leasing and similar rights: +€58,948
- Cash -€53,683
down €53,683 (-89.2%), from €60,214 to €6,531
mainly Investment in fixed assets (net) (-€184,247) and Trade debts (-€100,974)
- Receivables within one year -€51,765
down €51,765 (-40.0%), from €129,447 to €77,682
of which Trade receivables: -€58,641
- Formation expenses +€18,017
new in 2025: €18,017
- Trade debts -€100,974
down €100,974 (-66.1%), from €152,794 to €51,820
- Debts after one year +€41,201
up €41,201 (+8.1%), from €506,957 to €548,158
- Current portion of long-term debt +€13,939
up €13,939 (+27.0%), from €51,677 to €65,616
- Other debts +€13,868
up €13,868 (+37.7%), from €36,831 to €50,699
- Profit (loss) carried forward +€12,073
up €12,073 (+3.7%), from €327,529 to €339,602
- Gross operating margin -€93,593
down €93,593 (-29.4%), from €317,823 to €224,230
- Staff costs -€75,874
down €75,874 (-37.6%), from €201,964 to €126,091
- Depreciation +€15,925
up €15,925 (+22.1%), from €71,962 to €87,887
- Financial charges +€4,355
up €4,355 (+26.3%), from €16,549 to €20,904
- Write-downs -€3,566
no longer reported in 2025 (was €3,566)
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 | €1,162,215 | €1,138,430 | -€23,785 | -2.0% |
| Formation expenses | 20 | - | €18,017 | +€18,017 | |
| Fixed assets | 21/28 | €918,984 | €997,328 | +€78,344 | +8.5% |
| Tangible fixed assets | 22/27 | €918,303 | €996,647 | +€78,344 | +8.5% |
| Land and buildings | 22 | €860,805 | €854,988 | -€5,817 | -0.7% |
| Plant, machinery and equipment | 23 | €11,609 | €10,036 | -€1,573 | -13.5% |
| Furniture and vehicles | 24 | €45,889 | €30,379 | -€15,510 | -33.8% |
| Leasing and similar rights | 25 | - | €58,948 | +€58,948 | |
| Assets under construction and advance payments | 27 | - | €42,296 | +€42,296 | |
| Financial fixed assets | 28 | €681 | €681 | = | 0.0% |
| Current assets | 29/58 | €243,230 | €123,085 | -€120,145 | -49.4% |
| Stocks and contracts in progress | 3 | €40,086 | €31,987 | -€8,098 | -20.2% |
| Stocks | 30/36 | €34,872 | €27,935 | -€6,937 | -19.9% |
| Contracts in progress | 37 | €5,214 | €4,053 | -€1,161 | -22.3% |
| Amounts receivable within one year | 40/41 | €129,447 | €77,682 | -€51,765 | -40.0% |
| Trade receivables | 40 | €122,472 | €63,831 | -€58,641 | -47.9% |
| Other amounts receivable | 41 | €6,975 | €13,851 | +€6,876 | +98.6% |
| Cash at bank and in hand | 54/58 | €60,214 | €6,531 | -€53,683 | -89.2% |
| Deferred charges and accrued income | 490/1 | €13,484 | €6,884 | -€6,600 | -48.9% |
| Total equity and liabilities | 10/49 | €1,162,215 | €1,138,430 | -€23,785 | -2.0% |
| Equity | 10/15 | €360,537 | €371,928 | +€11,391 | +3.2% |
| 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 | €327,529 | €339,602 | +€12,073 | +3.7% |
| Investment grants | 15 | €12,548 | €11,866 | -€682 | -5.4% |
| Amounts payable | 17/49 | €801,677 | €766,501 | -€35,176 | -4.4% |
| Amounts payable after more than one year | 17 | €506,957 | €548,158 | +€41,201 | +8.1% |
| Financial debts | 170/4 | €506,957 | €548,158 | +€41,201 | +8.1% |
| Amounts payable within one year | 42/48 | €294,464 | €218,131 | -€76,333 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €51,677 | €65,616 | +€13,939 | +27.0% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €152,794 | €51,820 | -€100,974 | -66.1% |
| Suppliers | 440/4 | €152,794 | €51,820 | -€100,974 | -66.1% |
| Taxes, remuneration and social security | 45 | €13,162 | €9,996 | -€3,166 | -24.1% |
| Taxes | 450/3 | €9,133 | €4,829 | -€4,304 | -47.1% |
| Remuneration and social security | 454/9 | €4,029 | €5,167 | +€1,138 | +28.2% |
| Other amounts payable | 47/48 | €36,831 | €50,699 | +€13,868 | +37.7% |
| Accrued charges and deferred income | 492/3 | €256 | €212 | -€44 | -17.0% |
| Non-recurring operating income | 76A | - | €52,290 | +€52,290 | |
| Remuneration, social security and pensions | 62 | €201,964 | €126,091 | -€75,874 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,962 | €87,887 | +€15,925 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,566 | - | -€3,566 | |
| Other operating charges | 640/8 | €2,340 | €2,207 | -€133 | -5.7% |
| Operating charges capitalised as restructuring costs | 649 | - | -€24,059 | -€24,059 | |
| Gross operating margin | 9900 | €317,823 | €224,230 | -€93,593 | -29.4% |
| Operating profit (loss) | 9901 | €37,991 | €32,105 | -€5,886 | -15.5% |
| Financial income | 75/76B | €914 | €943 | +€29 | +3.2% |
| Recurring financial income | 75 | €914 | €943 | +€29 | +3.2% |
| Financial charges | 65/66B | €16,549 | €20,904 | +€4,355 | +26.3% |
| Recurring financial charges | 65 | €16,549 | €20,904 | +€4,355 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €22,356 | €12,144 | -€10,212 | -45.7% |
| Income taxes | 67/77 | €2,577 | €70 | -€2,507 | -97.3% |
| Profit (loss) for the period | 9904 | €19,779 | €12,073 | -€7,706 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,779 | €12,073 | -€7,706 | -39.0% |
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 18 October 2026 via checked.be.