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
- Tangible fixed assets -€19,925
down €19,925 (-5.7%), from €347,330 to €327,405
of which Land and buildings: -€20,377
- Receivables within one year -€6,740
down €6,740 (-50.9%), from €13,240 to €6,500
of which Trade receivables: -€6,000
- Other debts -€35,969
down €35,969 (-92.1%), from €39,051 to €3,082
- Reserves +€35,442
up €35,442 (+15.1%), from €234,361 to €269,804
- Trade debts -€12,877
down €12,877 (-78.7%), from €16,355 to €3,477
- Debts after one year -€9,356
down €9,356 (-4.9%), from €189,115 to €179,759
of which Financial debts: -€30,720
- Current portion of long-term debt -€6,402
down €6,402 (-16.6%), from €38,676 to €32,273
- Gross operating margin -€20,923
down €20,923 (-21.8%), from €96,136 to €75,213
- Financial charges -€1,813
down €1,813 (-17.2%), from €10,524 to €8,711
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 | €550,454 | €523,135 | -€27,319 | -5.0% |
| Fixed assets | 21/28 | €524,330 | €504,405 | -€19,925 | -3.8% |
| Tangible fixed assets | 22/27 | €347,330 | €327,405 | -€19,925 | -5.7% |
| Land and buildings | 22 | €347,330 | €326,953 | -€20,377 | -5.9% |
| Furniture and vehicles | 24 | - | €452 | +€452 | |
| Financial fixed assets | 28 | €177,000 | €177,000 | = | 0.0% |
| Current assets | 29/58 | €26,124 | €18,730 | -€7,394 | -28.3% |
| Amounts receivable within one year | 40/41 | €13,240 | €6,500 | -€6,740 | -50.9% |
| Trade receivables | 40 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Other amounts receivable | 41 | €740 | - | -€740 | |
| Cash at bank and in hand | 54/58 | €12,625 | €11,743 | -€882 | -7.0% |
| Deferred charges and accrued income | 490/1 | €259 | €486 | +€227 | +87.8% |
| Total equity and liabilities | 10/49 | €550,454 | €523,135 | -€27,319 | -5.0% |
| Equity | 10/15 | €246,761 | €282,204 | +€35,442 | +14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,361 | €269,804 | +€35,442 | +15.1% |
| Distributable reserves | 133 | €234,361 | €269,804 | +€35,442 | +15.1% |
| Amounts payable | 17/49 | €303,693 | €240,931 | -€62,761 | -20.7% |
| Amounts payable after more than one year | 17 | €189,115 | €179,759 | -€9,356 | -4.9% |
| Financial debts | 170/4 | €176,555 | €145,835 | -€30,720 | -17.4% |
| Other amounts payable | 178/9 | €12,560 | €33,924 | +€21,364 | +170.1% |
| Amounts payable within one year | 42/48 | €110,578 | €54,673 | -€55,905 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €38,676 | €32,273 | -€6,402 | -16.6% |
| Trade debts | 44 | €16,355 | €3,477 | -€12,877 | -78.7% |
| Suppliers | 440/4 | €16,355 | €3,477 | -€12,877 | -78.7% |
| Taxes, remuneration and social security | 45 | €16,496 | €15,840 | -€656 | -4.0% |
| Taxes | 450/3 | €14,000 | €11,064 | -€2,936 | -21.0% |
| Remuneration and social security | 454/9 | €2,496 | €4,777 | +€2,280 | +91.4% |
| Other amounts payable | 47/48 | €39,051 | €3,082 | -€35,969 | -92.1% |
| Accrued charges and deferred income | 492/3 | €4,000 | €6,500 | +€2,500 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,377 | €20,446 | +€69 | +0.3% |
| Other operating charges | 640/8 | €424 | €400 | -€25 | -5.8% |
| Gross operating margin | 9900 | €96,136 | €75,213 | -€20,923 | -21.8% |
| Operating profit (loss) | 9901 | €75,334 | €54,367 | -€20,967 | -27.8% |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €10,524 | €8,711 | -€1,813 | -17.2% |
| Recurring financial charges | 65 | €10,524 | €8,711 | -€1,813 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €64,870 | €45,656 | -€19,215 | -29.6% |
| Income taxes | 67/77 | €10,446 | €10,213 | -€233 | -2.2% |
| Profit (loss) for the period | 9904 | €54,425 | €35,442 | -€18,982 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,425 | €35,442 | -€18,982 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.