RAILWAYS 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.
RAILWAYS CONSTRUCT
Largest movements
- Receivables within one year +€65,393
up €65,393 (+101%), from €64,763 to €130,157
of which Trade receivables: +€58,995
- Cash +€15,081
up €15,081 (+467%), from €3,226 to €18,307
mainly Trade debts (+€44,282) and Other debts (+€33,424)
- Tangible fixed assets -€7,370
down €7,370 (-22.0%), from €33,540 to €26,169
- Trade debts +€44,282
up €44,282 (+1,580%), from €2,802 to €47,084
- Other debts +€33,424
up €33,424 (+11.9%), from €280,248 to €313,672
- Accrued charges and deferred income -€17,400
down €17,400 (-38.7%), from €45,000 to €27,600
- Tax, wage and social debts +€6,952
up €6,952 (+250%), from €2,778 to €9,730
- Reserves +€5,846
up €5,846 (+103%), from €5,701 to €11,547
- Gross operating margin +€3,354
up €3,354 (+23.0%), from €14,554 to €17,908
- Other operating charges -€2,301
down €2,301 (-76.6%), from €3,003 to €702
- Taxes +€1,012
up €1,012 (+74.1%), from €1,366 to €2,377
- Financial charges +€451
up €451 (+280%), from €161 to €612
- Depreciation +€228
up €228 (+2.8%), from €8,142 to €8,370
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,529 | €474,633 | +€73,104 | +18.2% |
| Fixed assets | 21/28 | €333,540 | €326,169 | -€7,370 | -2.2% |
| Tangible fixed assets | 22/27 | €33,540 | €26,169 | -€7,370 | -22.0% |
| Furniture and vehicles | 24 | €33,540 | €26,169 | -€7,370 | -22.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €67,989 | €148,464 | +€80,474 | +118% |
| Amounts receivable within one year | 40/41 | €64,763 | €130,157 | +€65,393 | +101% |
| Trade receivables | 40 | €57,565 | €116,560 | +€58,995 | +102% |
| Other amounts receivable | 41 | €7,198 | €13,596 | +€6,398 | +88.9% |
| Cash at bank and in hand | 54/58 | €3,226 | €18,307 | +€15,081 | +467% |
| Total equity and liabilities | 10/49 | €401,529 | €474,633 | +€73,104 | +18.2% |
| Equity | 10/15 | €70,701 | €76,547 | +€5,846 | +8.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €5,701 | €11,547 | +€5,846 | +103% |
| Distributable reserves | 133 | €5,701 | €11,547 | +€5,846 | +103% |
| Amounts payable | 17/49 | €330,828 | €398,086 | +€67,258 | +20.3% |
| Amounts payable within one year | 42/48 | €285,828 | €370,486 | +€84,658 | +29.6% |
| Trade debts | 44 | €2,802 | €47,084 | +€44,282 | +1,580% |
| Suppliers | 440/4 | €2,802 | €47,084 | +€44,282 | +1,580% |
| Taxes, remuneration and social security | 45 | €2,778 | €9,730 | +€6,952 | +250% |
| Taxes | 450/3 | €2,778 | €9,730 | +€6,952 | +250% |
| Other amounts payable | 47/48 | €280,248 | €313,672 | +€33,424 | +11.9% |
| Accrued charges and deferred income | 492/3 | €45,000 | €27,600 | -€17,400 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,142 | €8,370 | +€228 | +2.8% |
| Other operating charges | 640/8 | €3,003 | €702 | -€2,301 | -76.6% |
| Gross operating margin | 9900 | €14,554 | €17,908 | +€3,354 | +23.0% |
| Operating profit (loss) | 9901 | €3,409 | €8,836 | +€5,427 | +159% |
| Financial charges | 65/66B | €161 | €612 | +€451 | +280% |
| Recurring financial charges | 65 | €161 | €612 | +€451 | +280% |
| Profit (loss) for the period before taxes | 9903 | €3,248 | €8,224 | +€4,975 | +153% |
| Income taxes | 67/77 | €1,366 | €2,377 | +€1,012 | +74.1% |
| Profit (loss) for the period | 9904 | €1,883 | €5,846 | +€3,964 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €1,883 | €5,846 | +€3,964 | +211% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.