RBL 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.
RBL CONSTRUCT
Largest movements
- Receivables within one year +€77,081
up €77,081 (+259%), from €29,794 to €106,875
of which Trade receivables: +€78,037
- Cash +€5,087
up €5,087 (+985%), from €516 to €5,604
mainly Trade debts (+€69,394) and Net result for the year (+€12,754)
- Tangible fixed assets +€2,228
up €2,228 (+204%), from €1,093 to €3,321
- Trade debts +€69,394
up €69,394 (+436%), from €15,920 to €85,315
- Profit (loss) carried forward +€12,754
up €12,754 (+543%), from €2,349 to €15,104
- Tax, wage and social debts +€5,104
up €5,104 (+869%), from €587 to €5,691
- Other debts -€2,856
down €2,856 (-29.9%), from €9,546 to €6,690
- Gross operating margin +€15,596
up €15,596 (+362%), from €4,305 to €19,901
- Taxes +€3,320
up €3,320 (+565%), from €587 to €3,907
- Other operating charges +€1,567
up €1,567 (+121%), from €1,300 to €2,867
- Depreciation +€364
new in 2025: €364
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.
Derived cash bridge
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 | €31,403 | €115,799 | +€84,396 | +269% |
| Fixed assets | 21/28 | €1,093 | €3,321 | +€2,228 | +204% |
| Tangible fixed assets | 22/27 | €1,093 | €3,321 | +€2,228 | +204% |
| Furniture and vehicles | 24 | €1,093 | €3,321 | +€2,228 | +204% |
| Current assets | 29/58 | €30,310 | €112,479 | +€82,168 | +271% |
| Amounts receivable within one year | 40/41 | €29,794 | €106,875 | +€77,081 | +259% |
| Trade receivables | 40 | €26,919 | €104,956 | +€78,037 | +290% |
| Other amounts receivable | 41 | €2,875 | €1,919 | -€956 | -33.3% |
| Cash at bank and in hand | 54/58 | €516 | €5,604 | +€5,087 | +985% |
| Total equity and liabilities | 10/49 | €31,403 | €115,799 | +€84,396 | +269% |
| Equity | 10/15 | €5,349 | €18,104 | +€12,754 | +238% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,349 | €15,104 | +€12,754 | +543% |
| Amounts payable | 17/49 | €26,054 | €97,696 | +€71,642 | +275% |
| Amounts payable within one year | 42/48 | €26,054 | €97,696 | +€71,642 | +275% |
| Trade debts | 44 | €15,920 | €85,315 | +€69,394 | +436% |
| Suppliers | 440/4 | €15,920 | €85,315 | +€69,394 | +436% |
| Taxes, remuneration and social security | 45 | €587 | €5,691 | +€5,104 | +869% |
| Taxes | 450/3 | €587 | €5,691 | +€5,104 | +869% |
| Other amounts payable | 47/48 | €9,546 | €6,690 | -€2,856 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €364 | +€364 | |
| Other operating charges | 640/8 | €1,300 | €2,867 | +€1,567 | +121% |
| Gross operating margin | 9900 | €4,305 | €19,901 | +€15,596 | +362% |
| Operating profit (loss) | 9901 | €3,005 | €16,669 | +€13,665 | +455% |
| Financial income | 75/76B | €0 | €49 | +€49 | +162,600% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +162,600% |
| Financial charges | 65/66B | €68 | €57 | -€11 | -16.0% |
| Recurring financial charges | 65 | €68 | €57 | -€11 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €2,937 | €16,661 | +€13,724 | +467% |
| Income taxes | 67/77 | €587 | €3,907 | +€3,320 | +565% |
| Profit (loss) for the period | 9904 | €2,349 | €12,754 | +€10,405 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €2,349 | €12,754 | +€10,405 | +443% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.