R.S.B. 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.S.B. CONSTRUCT
Largest movements
- Receivables after one year +€40,000
up €40,000 (+22.2%), from €180,000 to €220,000
- Tangible fixed assets +€17,162
up €17,162 (+366.2%), from €4,686 to €21,848
of which Furniture and vehicles: +€14,716
- Cash -€11,546
down €11,546 (-88.1%), from €13,102 to €1,556
mainly Receivables after one year (-€40,000) and Investment in fixed assets (net) (-€23,517)
- Receivables within one year +€10,587
up €10,587 (+56.7%), from €18,685 to €29,272
of which Other amounts receivable: +€11,867
- Stocks and contracts -€5,250
down €5,250 (-50.0%), from €10,500 to €5,250
- Reserves +€50,000
up €50,000 (+156.9%), from €31,860 to €81,860
of which Tax-exempt reserves: +€50,000
- Trade debts -€21,640
down €21,640 (-86.0%), from €25,161 to €3,521
- Tax, wage and social debts +€18,290
up €18,290 (+146.4%), from €12,491 to €30,781
- Profit (loss) carried forward +€7,678
up €7,678 (+80.0%), from €9,595 to €17,273
- Current portion of long-term debt -€3,375
down €3,375 (-2.6%), from €128,375 to €125,000
- Gross operating margin +€34,125
up €34,125 (+46.5%), from €73,340 to €107,465
- Taxes +€18,290
up €18,290 (+146.4%), from €12,491 to €30,781
- Depreciation +€3,148
up €3,148 (+98.1%), from €3,208 to €6,355
- Financial charges +€2,811
up €2,811 (+32.0%), from €8,788 to €11,599
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 | €228,556 | €279,509 | +€50,953 | +22.3% |
| Fixed assets | 21/28 | €6,269 | €23,431 | +€17,162 | +273.8% |
| Tangible fixed assets | 22/27 | €4,686 | €21,848 | +€17,162 | +366.2% |
| Plant, machinery and equipment | 23 | €770 | €3,216 | +€2,446 | +317.8% |
| Furniture and vehicles | 24 | €3,917 | €18,632 | +€14,716 | +375.7% |
| Financial fixed assets | 28 | €1,583 | €1,583 | = | 0.0% |
| Current assets | 29/58 | €222,287 | €256,078 | +€33,791 | +15.2% |
| Amounts receivable after more than one year | 29 | €180,000 | €220,000 | +€40,000 | +22.2% |
| Other amounts receivable | 291 | €180,000 | €220,000 | +€40,000 | +22.2% |
| Stocks and contracts in progress | 3 | €10,500 | €5,250 | -€5,250 | -50.0% |
| Stocks | 30/36 | €10,500 | €5,250 | -€5,250 | -50.0% |
| Amounts receivable within one year | 40/41 | €18,685 | €29,272 | +€10,587 | +56.7% |
| Trade receivables | 40 | €7,981 | €6,701 | -€1,280 | -16.0% |
| Other amounts receivable | 41 | €10,704 | €22,571 | +€11,867 | +110.9% |
| Cash at bank and in hand | 54/58 | €13,102 | €1,556 | -€11,546 | -88.1% |
| Total equity and liabilities | 10/49 | €228,556 | €279,509 | +€50,953 | +22.3% |
| Equity | 10/15 | €60,055 | €117,733 | +€57,678 | +96.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €81,860 | +€50,000 | +156.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,000 | €80,000 | +€50,000 | +166.7% |
| Profit (loss) carried forward | 14 | €9,595 | €17,273 | +€7,678 | +80.0% |
| Amounts payable | 17/49 | €168,501 | €161,776 | -€6,725 | -4.0% |
| Amounts payable within one year | 42/48 | €168,501 | €161,776 | -€6,725 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €128,375 | €125,000 | -€3,375 | -2.6% |
| Trade debts | 44 | €25,161 | €3,521 | -€21,640 | -86.0% |
| Suppliers | 440/4 | €25,161 | €3,521 | -€21,640 | -86.0% |
| Taxes, remuneration and social security | 45 | €12,491 | €30,781 | +€18,290 | +146.4% |
| Taxes | 450/3 | €12,491 | €30,781 | +€18,290 | +146.4% |
| Other amounts payable | 47/48 | €2,474 | €2,474 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,208 | €6,355 | +€3,148 | +98.1% |
| Other operating charges | 640/8 | €112 | €1,052 | +€941 | +843.6% |
| Non-recurring operating charges | 66A | €15,000 | - | -€15,000 | |
| Gross operating margin | 9900 | €73,340 | €107,465 | +€34,125 | +46.5% |
| Operating profit (loss) | 9901 | €55,021 | €100,058 | +€45,037 | +81.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,788 | €11,599 | +€2,811 | +32.0% |
| Recurring financial charges | 65 | €8,788 | €11,599 | +€2,811 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €46,233 | €88,459 | +€42,226 | +91.3% |
| Income taxes | 67/77 | €12,491 | €30,781 | +€18,290 | +146.4% |
| Profit (loss) for the period | 9904 | €33,742 | €57,678 | +€23,936 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,742 | €57,678 | +€23,936 | +70.9% |
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 5 October 2026 via checked.be.