R & S 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 CONSTRUCT
Largest movements
- Receivables within one year -€41,004
down €41,004 (-30.3%), from €135,113 to €94,109
of which Trade receivables: -€61,950
- Tangible fixed assets +€11,431
up €11,431 (+287.5%), from €3,976 to €15,407
of which Furniture and vehicles: +€13,158
- Cash -€7,975
down €7,975 (-99.6%), from €8,008 to €32
mainly Trade debts (-€43,836) and Investment in fixed assets (net) (-€11,431)
- Trade debts -€43,836
down €43,836 (-49.7%), from €88,284 to €44,448
- Current portion of long-term debt +€3,683
new in 2023: €3,683
- Gross operating margin -€27,383
down €27,383 (-84.7%), from €32,318 to €4,935
- Taxes +€4,701
new in 2023: €4,701
- Financial income +€865
up €865 (+93.7%), from €923 to €1,788
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,266 | €109,817 | -€37,449 | -25.4% |
| Fixed assets | 21/28 | €4,081 | €15,512 | +€11,431 | +280.1% |
| Tangible fixed assets | 22/27 | €3,976 | €15,407 | +€11,431 | +287.5% |
| Plant, machinery and equipment | 23 | €3,976 | €2,248 | -€1,728 | -43.5% |
| Furniture and vehicles | 24 | - | €13,158 | +€13,158 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €143,185 | €94,305 | -€48,879 | -34.1% |
| Amounts receivable within one year | 40/41 | €135,113 | €94,109 | -€41,004 | -30.3% |
| Trade receivables | 40 | €104,833 | €42,884 | -€61,950 | -59.1% |
| Other amounts receivable | 41 | €30,280 | €51,226 | +€20,946 | +69.2% |
| Cash at bank and in hand | 54/58 | €8,008 | €32 | -€7,975 | -99.6% |
| Deferred charges and accrued income | 490/1 | €64 | €164 | +€100 | +156.5% |
| Total equity and liabilities | 10/49 | €147,266 | €109,817 | -€37,449 | -25.4% |
| Equity | 10/15 | €58,925 | €59,917 | +€991 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €50,865 | €51,857 | +€991 | +1.9% |
| Amounts payable | 17/49 | €88,341 | €49,900 | -€38,440 | -43.5% |
| Amounts payable after more than one year | 17 | - | €1,284 | +€1,284 | |
| Financial debts | 170/4 | - | €1,284 | +€1,284 | |
| Amounts payable within one year | 42/48 | €88,341 | €48,616 | -€39,724 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,683 | +€3,683 | |
| Trade debts | 44 | €88,284 | €44,448 | -€43,836 | -49.7% |
| Suppliers | 440/4 | €88,284 | €44,448 | -€43,836 | -49.7% |
| Taxes, remuneration and social security | 45 | €57 | €486 | +€429 | +758.9% |
| Taxes | 450/3 | €57 | €486 | +€429 | +758.9% |
| Gross operating margin | 9900 | €32,318 | €4,935 | -€27,383 | -84.7% |
| Operating profit (loss) | 9901 | €32,318 | €4,935 | -€27,383 | -84.7% |
| Financial income | 75/76B | €923 | €1,788 | +€865 | +93.7% |
| Recurring financial income | 75 | €923 | €1,788 | +€865 | +93.7% |
| Financial charges | 65/66B | €810 | €1,031 | +€220 | +27.2% |
| Recurring financial charges | 65 | €810 | €1,031 | +€220 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €32,431 | €5,692 | -€26,738 | -82.4% |
| Income taxes | 67/77 | - | €4,701 | +€4,701 | |
| Profit (loss) for the period | 9904 | €32,431 | €991 | -€31,439 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,431 | €991 | -€31,439 | -96.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.