R.L. CONSTRUCTION: 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.L. CONSTRUCTION
Largest movements
- Tangible fixed assets -€46,009
down €46,009 (-25.1%), from €183,385 to €137,376
- Receivables within one year -€36,584
down €36,584 (-28.0%), from €130,487 to €93,903
of which Trade receivables: -€35,700
- Deferred charges and accrued income +€5,941
up €5,941 (+68.9%), from €8,624 to €14,565
- Debts after one year -€37,005
down €37,005 (-20.5%), from €180,285 to €143,280
- Tax, wage and social debts -€15,266
down €15,266 (-46.4%), from €32,924 to €17,658
of which Taxes: -€12,099
- Trade debts -€12,819
down €12,819 (-33.3%), from €38,493 to €25,673
- Current portion of long-term debt -€9,038
down €9,038 (-16.4%), from €54,981 to €45,944
- Gross operating margin +€34,815
up €34,815 (+23.4%), from €148,599 to €183,414
- Depreciation -€14,390
down €14,390 (-19.1%), from €75,389 to €60,999
- Staff costs +€12,338
up €12,338 (+13.8%), from €89,496 to €101,834
- Other operating charges +€4,046
up €4,046 (+39.5%), from €10,231 to €14,277
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 | €424,376 | €351,526 | -€72,850 | -17.2% |
| Fixed assets | 21/28 | €183,491 | €137,482 | -€46,009 | -25.1% |
| Tangible fixed assets | 22/27 | €183,385 | €137,376 | -€46,009 | -25.1% |
| Land and buildings | 22 | €79,991 | €74,333 | -€5,658 | -7.1% |
| Plant, machinery and equipment | 23 | €11,491 | €3,987 | -€7,504 | -65.3% |
| Furniture and vehicles | 24 | €47,548 | €35,047 | -€12,500 | -26.3% |
| Leasing and similar rights | 25 | €36,385 | €17,336 | -€19,049 | -52.4% |
| Other tangible fixed assets | 26 | €7,970 | €6,672 | -€1,299 | -16.3% |
| Financial fixed assets | 28 | €106 | €106 | = | 0.0% |
| Current assets | 29/58 | €240,885 | €214,044 | -€26,841 | -11.1% |
| Amounts receivable within one year | 40/41 | €130,487 | €93,903 | -€36,584 | -28.0% |
| Trade receivables | 40 | €116,790 | €81,090 | -€35,700 | -30.6% |
| Other amounts receivable | 41 | €13,698 | €12,813 | -€884 | -6.5% |
| Cash at bank and in hand | 54/58 | €101,774 | €105,575 | +€3,802 | +3.7% |
| Deferred charges and accrued income | 490/1 | €8,624 | €14,565 | +€5,941 | +68.9% |
| Total equity and liabilities | 10/49 | €424,376 | €351,526 | -€72,850 | -17.2% |
| Equity | 10/15 | €117,201 | €118,971 | +€1,770 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,860 | €87,860 | = | 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% |
| Distributable reserves | 133 | €86,000 | €86,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,264 | €20,234 | -€31 | -0.2% |
| Investment grants | 15 | €2,877 | €4,678 | +€1,801 | +62.6% |
| Amounts payable | 17/49 | €307,175 | €232,554 | -€74,621 | -24.3% |
| Amounts payable after more than one year | 17 | €180,285 | €143,280 | -€37,005 | -20.5% |
| Financial debts | 170/4 | €180,285 | €143,280 | -€37,005 | -20.5% |
| Amounts payable within one year | 42/48 | €126,890 | €89,275 | -€37,616 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €54,981 | €45,944 | -€9,038 | -16.4% |
| Trade debts | 44 | €38,493 | €25,673 | -€12,819 | -33.3% |
| Suppliers | 440/4 | €38,493 | €25,673 | -€12,819 | -33.3% |
| Taxes, remuneration and social security | 45 | €32,924 | €17,658 | -€15,266 | -46.4% |
| Taxes | 450/3 | €23,748 | €11,649 | -€12,099 | -50.9% |
| Remuneration and social security | 454/9 | €9,176 | €6,009 | -€3,167 | -34.5% |
| Other amounts payable | 47/48 | €492 | - | -€492 | |
| Remuneration, social security and pensions | 62 | €89,496 | €101,834 | +€12,338 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,389 | €60,999 | -€14,390 | -19.1% |
| Other operating charges | 640/8 | €10,231 | €14,277 | +€4,046 | +39.5% |
| Gross operating margin | 9900 | €148,599 | €183,414 | +€34,815 | +23.4% |
| Operating profit (loss) | 9901 | -€26,518 | €6,303 | +€32,821 | |
| Financial income | 75/76B | €723 | €1,351 | +€628 | +86.8% |
| Recurring financial income | 75 | €723 | €1,351 | +€628 | +86.8% |
| Financial charges | 65/66B | €8,672 | €7,485 | -€1,187 | -13.7% |
| Recurring financial charges | 65 | €8,672 | €7,485 | -€1,187 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,467 | €169 | +€34,636 | |
| Income taxes | 67/77 | €238 | €200 | -€37 | -15.8% |
| Profit (loss) for the period | 9904 | -€34,704 | -€31 | +€34,673 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,704 | -€31 | +€34,673 | +99.9% |
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 26 October 2026 via checked.be.