R.E.E. 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.
R.E.E. CONSTRUCT
Largest movements
- Tangible fixed assets -€200,683
down €200,683 (-12.2%), from €1.6m to €1.4m
of which Plant, machinery and equipment: -€146,326
- Cash +€126,883
up €126,883 (+320.4%), from €39,602 to €166,485
mainly Depreciation (+€257,510) and Other debts (+€168,020)
- Receivables within one year -€35,930
down €35,930 (-8.3%), from €432,106 to €396,176
- Trade debts -€245,942
down €245,942 (-84.6%), from €290,859 to €44,917
- Other debts +€168,020
up €168,020 (+83.7%), from €200,726 to €368,746
- Debts after one year -€51,229
down €51,229 (-3.8%), from €1.3m to €1.3m
of which Financial debts: -€51,229
- Profit (loss) carried forward +€40,556
up €40,556 (+17.9%), from €226,841 to €267,397
- Current portion of long-term debt -€32,846
no longer reported in 2024 (was €32,846)
- Gross operating margin +€300,465
up €300,465 (+38.2%), from €785,901 to €1.1m
- Staff costs +€171,456
up €171,456 (+30.8%), from €557,154 to €728,610
- Depreciation +€110,461
up €110,461 (+75.1%), from €147,049 to €257,510
- Financial charges +€15,207
up €15,207 (+77.5%), from €19,624 to €34,831
of which Non-recurring financial charges: +€13,731
- Taxes +€11,711
up €11,711 (+379.7%), from €3,084 to €14,795
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.
Cash bridge derived
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 | €2,113,870 | €2,004,140 | -€109,730 | -5.2% |
| Fixed assets | 21/28 | €1,642,162 | €1,441,479 | -€200,683 | -12.2% |
| Tangible fixed assets | 22/27 | €1,642,162 | €1,441,479 | -€200,683 | -12.2% |
| Land and buildings | 22 | €1,214,209 | €1,219,069 | +€4,860 | +0.4% |
| Plant, machinery and equipment | 23 | €341,148 | €194,822 | -€146,326 | -42.9% |
| Furniture and vehicles | 24 | €86,805 | €27,588 | -€59,217 | -68.2% |
| Current assets | 29/58 | €471,708 | €562,661 | +€90,953 | +19.3% |
| Amounts receivable within one year | 40/41 | €432,106 | €396,176 | -€35,930 | -8.3% |
| Trade receivables | 40 | €432,106 | €396,176 | -€35,930 | -8.3% |
| Cash at bank and in hand | 54/58 | €39,602 | €166,485 | +€126,883 | +320.4% |
| Total equity and liabilities | 10/49 | €2,113,870 | €2,004,140 | -€109,730 | -5.2% |
| Equity | 10/15 | €247,301 | €287,857 | +€40,556 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €226,841 | €267,397 | +€40,556 | +17.9% |
| Amounts payable | 17/49 | €1,866,569 | €1,716,283 | -€150,286 | -8.1% |
| Amounts payable after more than one year | 17 | €1,339,054 | €1,287,825 | -€51,229 | -3.8% |
| Financial debts | 170/4 | €689,054 | €637,825 | -€51,229 | -7.4% |
| Advances received on contracts in progress | 176 | €650,000 | €650,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €527,515 | €428,458 | -€99,057 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €32,846 | - | -€32,846 | |
| Trade debts | 44 | €290,859 | €44,917 | -€245,942 | -84.6% |
| Suppliers | 440/4 | €290,859 | €44,917 | -€245,942 | -84.6% |
| Taxes, remuneration and social security | 45 | €3,084 | €14,795 | +€11,711 | +379.7% |
| Taxes | 450/3 | €3,084 | €14,795 | +€11,711 | +379.7% |
| Other amounts payable | 47/48 | €200,726 | €368,746 | +€168,020 | +83.7% |
| Remuneration, social security and pensions | 62 | €557,154 | €728,610 | +€171,456 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,049 | €257,510 | +€110,461 | +75.1% |
| Other operating charges | 640/8 | €6,023 | €10,064 | +€4,041 | +67.1% |
| Gross operating margin | 9900 | €785,901 | €1,086,366 | +€300,465 | +38.2% |
| Operating profit (loss) | 9901 | €75,675 | €90,182 | +€14,507 | +19.2% |
| Financial charges | 65/66B | €19,624 | €34,831 | +€15,207 | +77.5% |
| Recurring financial charges | 65 | €19,624 | €21,100 | +€1,476 | +7.5% |
| Non-recurring financial charges | 66B | - | €13,731 | +€13,731 | |
| Profit (loss) for the period before taxes | 9903 | €56,051 | €55,351 | -€700 | -1.2% |
| Income taxes | 67/77 | €3,084 | €14,795 | +€11,711 | +379.7% |
| Profit (loss) for the period | 9904 | €52,967 | €40,556 | -€12,411 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,967 | €40,556 | -€12,411 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.