R.N.C. CONSTRUCT: 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.N.C. CONSTRUCT
Largest movements
- Receivables within one year +€13,278
up €13,278 (+22.1%), from €59,955 to €73,233
of which Other amounts receivable: +€14,562
- Tangible fixed assets -€9,251
down €9,251 (-25.1%), from €36,924 to €27,673
of which Furniture and vehicles: -€7,701
- Cash +€2,560
up €2,560 (+112.7%), from €2,271 to €4,831
mainly Net result for the year (+€14,945) and Depreciation (+€11,147)
- Reserves +€14,945
up €14,945 (+49.8%), from €30,030 to €44,975
- Debts after one year -€7,980
down €7,980 (-40.6%), from €19,669 to €11,689
- Trade debts -€5,779
down €5,779 (-74.5%), from €7,752 to €1,973
- Tax, wage and social debts +€4,262
up €4,262 (+15.4%), from €27,753 to €32,015
- Current portion of long-term debt +€1,139
up €1,139 (+20.0%), from €5,700 to €6,839
- Gross operating margin -€13,355
down €13,355 (-22.6%), from €59,059 to €45,704
- Taxes -€6,818
down €6,818 (-35.0%), from €19,457 to €12,639
- Other operating charges +€4,944
up €4,944 (+373.7%), from €1,323 to €6,267
- Depreciation +€1,573
up €1,573 (+16.4%), from €9,574 to €11,147
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
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 | €101,469 | €108,056 | +€6,587 | +6.5% |
| Fixed assets | 21/28 | €37,974 | €28,723 | -€9,251 | -24.4% |
| Tangible fixed assets | 22/27 | €36,924 | €27,673 | -€9,251 | -25.1% |
| Plant, machinery and equipment | 23 | €4,684 | €3,134 | -€1,550 | -33.1% |
| Furniture and vehicles | 24 | €32,240 | €24,539 | -€7,701 | -23.9% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €63,495 | €79,333 | +€15,838 | +24.9% |
| Stocks and contracts in progress | 3 | €1,269 | €1,269 | = | 0.0% |
| Stocks | 30/36 | €1,269 | €1,269 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,955 | €73,233 | +€13,278 | +22.1% |
| Trade receivables | 40 | €10,877 | €9,593 | -€1,284 | -11.8% |
| Other amounts receivable | 41 | €49,078 | €63,640 | +€14,562 | +29.7% |
| Cash at bank and in hand | 54/58 | €2,271 | €4,831 | +€2,560 | +112.7% |
| Total equity and liabilities | 10/49 | €101,469 | €108,056 | +€6,587 | +6.5% |
| Equity | 10/15 | €40,595 | €55,540 | +€14,945 | +36.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,030 | €44,975 | +€14,945 | +49.8% |
| Distributable reserves | 133 | €30,030 | €44,975 | +€14,945 | +49.8% |
| Profit (loss) carried forward | 14 | €4,365 | €4,365 | = | 0.0% |
| Amounts payable | 17/49 | €60,874 | €52,516 | -€8,358 | -13.7% |
| Amounts payable after more than one year | 17 | €19,669 | €11,689 | -€7,980 | -40.6% |
| Financial debts | 170/4 | €19,669 | €11,689 | -€7,980 | -40.6% |
| Amounts payable within one year | 42/48 | €41,205 | €40,827 | -€378 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €5,700 | €6,839 | +€1,139 | +20.0% |
| Trade debts | 44 | €7,752 | €1,973 | -€5,779 | -74.5% |
| Suppliers | 440/4 | €7,752 | €1,973 | -€5,779 | -74.5% |
| Taxes, remuneration and social security | 45 | €27,753 | €32,015 | +€4,262 | +15.4% |
| Taxes | 450/3 | €27,753 | €32,015 | +€4,262 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,574 | €11,147 | +€1,573 | +16.4% |
| Other operating charges | 640/8 | €1,323 | €6,267 | +€4,944 | +373.7% |
| Non-recurring operating charges | 66A | €179 | €481 | +€302 | +168.7% |
| Gross operating margin | 9900 | €59,059 | €45,704 | -€13,355 | -22.6% |
| Operating profit (loss) | 9901 | €47,983 | €27,809 | -€20,174 | -42.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €357 | €225 | -€132 | -37.0% |
| Recurring financial charges | 65 | €357 | €225 | -€132 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €47,627 | €27,584 | -€20,043 | -42.1% |
| Income taxes | 67/77 | €19,457 | €12,639 | -€6,818 | -35.0% |
| Profit (loss) for the period | 9904 | €28,170 | €14,945 | -€13,225 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,170 | €14,945 | -€13,225 | -46.9% |
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 12 October 2026 via checked.be.