RBE 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.
RBE CONSTRUCT
Largest movements
- Receivables within one year +€114,653
up €114,653 (+1124.2%), from €10,199 to €124,852
of which Trade receivables: +€116,977
- Deferred charges and accrued income -€36,225
down €36,225 (-99.8%), from €36,296 to €72
- Cash +€21,640
up €21,640 (+802.9%), from €2,695 to €24,335
mainly Trade debts (+€106,295) and Deferred charges and accrued income (+€36,225)
- Tangible fixed assets -€5,649
down €5,649 (-46.9%), from €12,043 to €6,394
of which Furniture and vehicles: -€5,105
- Trade debts +€106,295
up €106,295 (+963.8%), from €11,029 to €117,324
- Profit (loss) carried forward -€13,448
down €13,448, from €4,911 to -€8,537
- Tax, wage and social debts +€5,173
up €5,173 (+56.3%), from €9,193 to €14,366
of which Taxes: +€3,159
- Other debts -€3,600
no longer reported in 2025 (was €3,600)
- Gross operating margin -€45,443
down €45,443, from €43,432 to -€2,011
- Taxes -€7,801
no longer reported in 2025 (was €7,801)
- Financial charges +€2,730
up €2,730 (+3790.8%), from €72 to €2,802
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 | €61,233 | €155,653 | +€94,419 | +154.2% |
| Fixed assets | 21/28 | €12,043 | €6,394 | -€5,649 | -46.9% |
| Tangible fixed assets | 22/27 | €12,043 | €6,394 | -€5,649 | -46.9% |
| Plant, machinery and equipment | 23 | €866 | €322 | -€545 | -62.8% |
| Furniture and vehicles | 24 | €11,177 | €6,072 | -€5,105 | -45.7% |
| Current assets | 29/58 | €49,190 | €149,259 | +€100,069 | +203.4% |
| Amounts receivable within one year | 40/41 | €10,199 | €124,852 | +€114,653 | +1124.2% |
| Trade receivables | 40 | €3,478 | €120,455 | +€116,977 | +3363.3% |
| Other amounts receivable | 41 | €6,721 | €4,396 | -€2,324 | -34.6% |
| Cash at bank and in hand | 54/58 | €2,695 | €24,335 | +€21,640 | +802.9% |
| Deferred charges and accrued income | 490/1 | €36,296 | €72 | -€36,225 | -99.8% |
| Total equity and liabilities | 10/49 | €61,233 | €155,653 | +€94,419 | +154.2% |
| Equity | 10/15 | €37,411 | €23,963 | -€13,448 | -35.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,911 | -€8,537 | -€13,448 | |
| Amounts payable | 17/49 | €23,822 | €131,690 | +€107,868 | +452.8% |
| Amounts payable within one year | 42/48 | €23,822 | €131,690 | +€107,868 | +452.8% |
| Trade debts | 44 | €11,029 | €117,324 | +€106,295 | +963.8% |
| Suppliers | 440/4 | €11,029 | €117,324 | +€106,295 | +963.8% |
| Taxes, remuneration and social security | 45 | €9,193 | €14,366 | +€5,173 | +56.3% |
| Taxes | 450/3 | €9,193 | €12,352 | +€3,159 | +34.4% |
| Remuneration and social security | 454/9 | - | €2,014 | +€2,014 | |
| Other amounts payable | 47/48 | €3,600 | - | -€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,331 | €6,909 | -€421 | -5.7% |
| Other operating charges | 640/8 | €1,518 | €1,824 | +€307 | +20.2% |
| Non-recurring operating charges | 66A | - | €85 | +€85 | |
| Gross operating margin | 9900 | €43,432 | -€2,011 | -€45,443 | |
| Operating profit (loss) | 9901 | €34,583 | -€10,830 | -€45,413 | |
| Financial income | 75/76B | - | €184 | +€184 | |
| Recurring financial income | 75 | - | €184 | +€184 | |
| Financial charges | 65/66B | €72 | €2,802 | +€2,730 | +3790.8% |
| Recurring financial charges | 65 | €72 | €2,802 | +€2,730 | +3790.8% |
| Profit (loss) for the period before taxes | 9903 | €34,511 | -€13,448 | -€47,960 | |
| Income taxes | 67/77 | €7,801 | - | -€7,801 | |
| Profit (loss) for the period | 9904 | €26,710 | -€13,448 | -€40,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,710 | -€13,448 | -€40,159 |
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 7 October 2026 via checked.be.