R&B BUILDERS AND CONSTRUCTORS: 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.
R&B BUILDERS AND CONSTRUCTORS
Largest movements
- Stocks and contracts +€167,493
up €167,493 (+36.2%), from €462,684 to €630,177
- Cash -€138,107
down €138,107 (-34.6%), from €398,740 to €260,633
mainly Stocks and contracts (-€167,493) and Debts after one year (-€129,354)
- Receivables within one year +€100,412
up €100,412 (+40.3%), from €249,070 to €349,482
- Deferred charges and accrued income -€42,157
down €42,157 (-77.7%), from €54,290 to €12,133
- Tangible fixed assets -€37,609
down €37,609 (-5.8%), from €645,835 to €608,226
of which Land and buildings: -€20,018
- Debts after one year -€129,354
down €129,354 (-19.0%), from €680,003 to €550,649
- Profit (loss) carried forward +€112,688
up €112,688 (+29.8%), from €377,593 to €490,281
- Trade debts +€83,929
up €83,929 (+65.9%), from €127,263 to €211,192
- Accrued charges and deferred income -€44,379
down €44,379 (-64.1%), from €69,219 to €24,840
- Current portion of long-term debt +€20,551
up €20,551 (+15.1%), from €136,045 to €156,596
- Gross operating margin +€108,999
up €108,999 (+23.2%), from €470,592 to €579,591
- Staff costs +€79,940
up €79,940 (+28.6%), from €279,672 to €359,611
- Financial charges -€6,248
down €6,248 (-16.6%), from €37,583 to €31,335
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 | €1,811,054 | €1,861,085 | +€50,032 | +2.8% |
| Fixed assets | 21/28 | €646,270 | €608,661 | -€37,609 | -5.8% |
| Tangible fixed assets | 22/27 | €645,835 | €608,226 | -€37,609 | -5.8% |
| Land and buildings | 22 | €387,740 | €367,722 | -€20,018 | -5.2% |
| Plant, machinery and equipment | 23 | €9,241 | €6,710 | -€2,531 | -27.4% |
| Furniture and vehicles | 24 | €248,855 | €233,795 | -€15,061 | -6.1% |
| Financial fixed assets | 28 | €434 | €434 | = | 0.0% |
| Current assets | 29/58 | €1,164,784 | €1,252,425 | +€87,641 | +7.5% |
| Stocks and contracts in progress | 3 | €462,684 | €630,177 | +€167,493 | +36.2% |
| Stocks | 30/36 | €462,684 | €630,177 | +€167,493 | +36.2% |
| Amounts receivable within one year | 40/41 | €249,070 | €349,482 | +€100,412 | +40.3% |
| Trade receivables | 40 | €249,070 | €349,482 | +€100,412 | +40.3% |
| Cash at bank and in hand | 54/58 | €398,740 | €260,633 | -€138,107 | -34.6% |
| Deferred charges and accrued income | 490/1 | €54,290 | €12,133 | -€42,157 | -77.7% |
| Total equity and liabilities | 10/49 | €1,811,054 | €1,861,085 | +€50,032 | +2.8% |
| Equity | 10/15 | €508,069 | €620,757 | +€112,688 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,877 | €111,877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,017 | €110,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,593 | €490,281 | +€112,688 | +29.8% |
| Provisions and deferred taxes | 16 | €36,000 | €36,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,000 | €36,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €36,000 | €36,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,266,984 | €1,204,328 | -€62,657 | -4.9% |
| Amounts payable after more than one year | 17 | €680,003 | €550,649 | -€129,354 | -19.0% |
| Financial debts | 170/4 | €680,003 | €550,649 | -€129,354 | -19.0% |
| Amounts payable within one year | 42/48 | €517,762 | €628,838 | +€111,076 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €136,045 | €156,596 | +€20,551 | +15.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €127,263 | €211,192 | +€83,929 | +65.9% |
| Suppliers | 440/4 | €127,263 | €211,192 | +€83,929 | +65.9% |
| Taxes, remuneration and social security | 45 | €101,858 | €105,937 | +€4,080 | +4.0% |
| Taxes | 450/3 | €28,115 | €68,958 | +€40,843 | +145% |
| Remuneration and social security | 454/9 | €73,742 | €36,979 | -€36,763 | -49.9% |
| Other amounts payable | 47/48 | €27,597 | €30,113 | +€2,516 | +9.1% |
| Accrued charges and deferred income | 492/3 | €69,219 | €24,840 | -€44,379 | -64.1% |
| Non-recurring operating income | 76A | - | €31,450 | +€31,450 | |
| Remuneration, social security and pensions | 62 | €279,672 | €359,611 | +€79,940 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,124 | €99,240 | -€883 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €83 | +€83 | |
| Other operating charges | 640/8 | €3,187 | €8,040 | +€4,853 | +152% |
| Gross operating margin | 9900 | €470,592 | €579,591 | +€108,999 | +23.2% |
| Operating profit (loss) | 9901 | €87,609 | €112,616 | +€25,007 | +28.5% |
| Financial income | 75/76B | €50,242 | €46,407 | -€3,835 | -7.6% |
| Recurring financial income | 75 | €50,242 | €46,407 | -€3,835 | -7.6% |
| Financial charges | 65/66B | €37,583 | €31,335 | -€6,248 | -16.6% |
| Recurring financial charges | 65 | €37,583 | €31,335 | -€6,248 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €100,269 | €127,688 | +€27,420 | +27.3% |
| Profit (loss) for the period | 9904 | €100,269 | €127,688 | +€27,420 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,269 | €127,688 | +€27,420 | +27.3% |
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 31 October 2026 via checked.be.