2R2 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.
2R2 CONSTRUCTION
Largest movements
- Receivables within one year -€37,135
down €37,135 (-26.6%), from €139,626 to €102,491
of which Trade receivables: -€36,218
- Tangible fixed assets -€22,168
down €22,168 (-39.2%), from €56,602 to €34,434
of which Furniture and vehicles: -€19,610
- Deferred charges and accrued income +€16,306
up €16,306 (+574.5%), from €2,838 to €19,145
- Stocks and contracts +€6,721
up €6,721 (+67.8%), from €9,910 to €16,631
- Advances received -€23,868
down €23,868 (-58.3%), from €40,961 to €17,093
- Short-term financial debts +€21,584
up €21,584 (+139.5%), from €15,475 to €37,059
- Profit (loss) carried forward -€14,417
down €14,417 (-22.7%), from €63,600 to €49,184
- Trade debts -€13,101
down €13,101 (-23.0%), from €57,058 to €43,957
- Tax, wage and social debts -€11,880
down €11,880 (-71.3%), from €16,655 to €4,775
of which Taxes: -€14,841
- Gross operating margin -€80,764
down €80,764 (-83.4%), from €96,854 to €16,090
- Taxes -€15,832
down €15,832 (-97.9%), from €16,173 to €341
- Write-downs -€7,120
no longer reported in 2025 (was €7,120)
- Financial charges +€2,401
up €2,401 (+59.0%), from €4,068 to €6,468
- Depreciation +€1,461
up €1,461 (+12.0%), from €12,151 to €13,612
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,374 | €175,274 | -€35,100 | -16.7% |
| Fixed assets | 21/28 | €58,000 | €37,008 | -€20,992 | -36.2% |
| Intangible fixed assets | 21 | - | €1,176 | +€1,176 | |
| Tangible fixed assets | 22/27 | €56,602 | €34,434 | -€22,168 | -39.2% |
| Plant, machinery and equipment | 23 | €15,395 | €12,837 | -€2,558 | -16.6% |
| Furniture and vehicles | 24 | €41,208 | €21,597 | -€19,610 | -47.6% |
| Financial fixed assets | 28 | €1,398 | €1,398 | = | 0.0% |
| Current assets | 29/58 | €152,375 | €138,267 | -€14,108 | -9.3% |
| Stocks and contracts in progress | 3 | €9,910 | €16,631 | +€6,721 | +67.8% |
| Stocks | 30/36 | €9,910 | €16,631 | +€6,721 | +67.8% |
| Amounts receivable within one year | 40/41 | €139,626 | €102,491 | -€37,135 | -26.6% |
| Trade receivables | 40 | €137,668 | €101,450 | -€36,218 | -26.3% |
| Other amounts receivable | 41 | €1,958 | €1,041 | -€917 | -46.8% |
| Deferred charges and accrued income | 490/1 | €2,838 | €19,145 | +€16,306 | +574.5% |
| Total equity and liabilities | 10/49 | €210,374 | €175,274 | -€35,100 | -16.7% |
| Equity | 10/15 | €71,660 | €57,244 | -€14,417 | -20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €63,600 | €49,184 | -€14,417 | -22.7% |
| Amounts payable | 17/49 | €138,714 | €118,031 | -€20,683 | -14.9% |
| Amounts payable after more than one year | 17 | €4,191 | €4,529 | +€338 | +8.1% |
| Financial debts | 170/4 | €4,191 | €4,529 | +€338 | +8.1% |
| Amounts payable within one year | 42/48 | €134,147 | €112,646 | -€21,501 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €3,997 | €7,647 | +€3,650 | +91.3% |
| Financial debts | 43 | €15,475 | €37,059 | +€21,584 | +139.5% |
| Credit institutions | 430/8 | €15,475 | €37,059 | +€21,584 | +139.5% |
| Trade debts | 44 | €57,058 | €43,957 | -€13,101 | -23.0% |
| Suppliers | 440/4 | €57,058 | €43,957 | -€13,101 | -23.0% |
| Advances received on contracts in progress | 46 | €40,961 | €17,093 | -€23,868 | -58.3% |
| Taxes, remuneration and social security | 45 | €16,655 | €4,775 | -€11,880 | -71.3% |
| Taxes | 450/3 | €16,655 | €1,814 | -€14,841 | -89.1% |
| Remuneration and social security | 454/9 | - | €2,961 | +€2,961 | |
| Other amounts payable | 47/48 | - | €2,113 | +€2,113 | |
| Accrued charges and deferred income | 492/3 | €376 | €856 | +€480 | +127.7% |
| Non-recurring operating income | 76A | €1,364 | - | -€1,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,151 | €13,612 | +€1,461 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,120 | - | -€7,120 | |
| Other operating charges | 640/8 | €10,323 | €10,108 | -€216 | -2.1% |
| Non-recurring operating charges | 66A | €390 | - | -€390 | |
| Gross operating margin | 9900 | €96,854 | €16,090 | -€80,764 | -83.4% |
| Operating profit (loss) | 9901 | €66,870 | -€7,630 | -€74,500 | |
| Financial income | 75/76B | €31 | €23 | -€8 | -24.7% |
| Recurring financial income | 75 | €31 | €23 | -€8 | -24.7% |
| Financial charges | 65/66B | €4,068 | €6,468 | +€2,401 | +59.0% |
| Recurring financial charges | 65 | €4,068 | €6,468 | +€2,401 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €62,833 | -€14,076 | -€76,908 | |
| Income taxes | 67/77 | €16,173 | €341 | -€15,832 | -97.9% |
| Profit (loss) for the period | 9904 | €46,660 | -€14,417 | -€61,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,660 | -€14,417 | -€61,076 |
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 8 October 2026 via checked.be.