RAILCONSTRUCT: 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.
RAILCONSTRUCT
Largest movements
- Cash +€147,600
up €147,600 (+39.8%), from €371,321 to €518,921
mainly Receivables within one year (+€93,548) and Net result for the year (+€38,813)
- Receivables within one year -€93,548
down €93,548 (-18.7%), from €501,541 to €407,993
of which Trade receivables: -€91,135
- Tangible fixed assets -€20,358
down €20,358 (-17.3%), from €117,836 to €97,479
of which Plant, machinery and equipment: -€13,960
- Profit (loss) carried forward +€38,813
up €38,813 (+3.5%), from €1.1m to €1.1m
- Staff costs -€155,382
down €155,382 (-17.0%), from €913,929 to €758,547
- Gross operating margin -€109,526
down €109,526 (-11.4%), from €958,660 to €849,134
- Taxes +€17,256
up €17,256 (+289.1%), from €5,968 to €23,224
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 | €1,460,275 | €1,499,705 | +€39,430 | +2.7% |
| Fixed assets | 21/28 | €536,894 | €516,537 | -€20,358 | -3.8% |
| Tangible fixed assets | 22/27 | €117,836 | €97,479 | -€20,358 | -17.3% |
| Land and buildings | 22 | €20,743 | €17,779 | -€2,963 | -14.3% |
| Plant, machinery and equipment | 23 | €86,181 | €72,221 | -€13,960 | -16.2% |
| Furniture and vehicles | 24 | €10,913 | €7,478 | -€3,434 | -31.5% |
| Financial fixed assets | 28 | €419,058 | €419,058 | = | 0.0% |
| Current assets | 29/58 | €923,381 | €983,168 | +€59,788 | +6.5% |
| Stocks and contracts in progress | 3 | €28,970 | €28,970 | = | 0.0% |
| Stocks | 30/36 | €28,970 | €28,970 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €501,541 | €407,993 | -€93,548 | -18.7% |
| Trade receivables | 40 | €452,117 | €360,982 | -€91,135 | -20.2% |
| Other amounts receivable | 41 | €49,424 | €47,011 | -€2,413 | -4.9% |
| Cash at bank and in hand | 54/58 | €371,321 | €518,921 | +€147,600 | +39.8% |
| Deferred charges and accrued income | 490/1 | €21,549 | €27,285 | +€5,735 | +26.6% |
| Total equity and liabilities | 10/49 | €1,460,275 | €1,499,705 | +€39,430 | +2.7% |
| Equity | 10/15 | €1,322,952 | €1,361,765 | +€38,813 | +2.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €140,679 | €140,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,768 | €34,768 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,268 | €27,268 | = | 0.0% |
| Distributable reserves | 133 | €105,910 | €105,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,107,274 | €1,146,087 | +€38,813 | +3.5% |
| Amounts payable | 17/49 | €137,323 | €137,940 | +€617 | +0.4% |
| Amounts payable within one year | 42/48 | €131,738 | €129,755 | -€1,983 | -1.5% |
| Trade debts | 44 | €31,645 | €23,292 | -€8,353 | -26.4% |
| Suppliers | 440/4 | €31,645 | €23,292 | -€8,353 | -26.4% |
| Taxes, remuneration and social security | 45 | €100,092 | €106,462 | +€6,370 | +6.4% |
| Taxes | 450/3 | €27,505 | €35,996 | +€8,491 | +30.9% |
| Remuneration and social security | 454/9 | €72,587 | €70,466 | -€2,121 | -2.9% |
| Accrued charges and deferred income | 492/3 | €5,585 | €8,185 | +€2,600 | +46.6% |
| Remuneration, social security and pensions | 62 | €913,929 | €758,547 | -€155,382 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,950 | €20,358 | -€592 | -2.8% |
| Other operating charges | 640/8 | €4,707 | €7,372 | +€2,664 | +56.6% |
| Gross operating margin | 9900 | €958,660 | €849,134 | -€109,526 | -11.4% |
| Operating profit (loss) | 9901 | €19,073 | €62,857 | +€43,783 | +229.6% |
| Financial income | 75/76B | €982 | €1,288 | +€306 | +31.2% |
| Recurring financial income | 75 | €982 | €1,288 | +€306 | +31.2% |
| Financial charges | 65/66B | €1,370 | €2,108 | +€737 | +53.8% |
| Recurring financial charges | 65 | €1,370 | €2,108 | +€737 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €18,685 | €62,037 | +€43,352 | +232.0% |
| Income taxes | 67/77 | €5,968 | €23,224 | +€17,256 | +289.1% |
| Profit (loss) for the period | 9904 | €12,717 | €38,813 | +€26,096 | +205.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,717 | €38,813 | +€26,096 | +205.2% |
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.