Rbuild: 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.
Rbuild
Largest movements
- Tangible fixed assets +€384,261
up €384,261 (+156.7%), from €245,281 to €629,542
of which Land and buildings: +€392,020
- Cash -€67,381
down €67,381 (-69.8%), from €96,475 to €29,094
mainly Investment in fixed assets (net) (-€456,155) and Receivables within one year (-€53,770)
- Receivables within one year +€53,770
up €53,770 (+823.7%), from €6,528 to €60,298
- Debts after one year +€308,047
up €308,047 (+174.5%), from €176,528 to €484,575
- Other debts +€54,078
up €54,078 (+64.6%), from €83,652 to €137,731
- Current portion of long-term debt +€19,124
up €19,124 (+76.6%), from €24,981 to €44,105
- Tax, wage and social debts -€17,567
down €17,567 (-57.6%), from €30,520 to €12,953
of which Taxes: -€17,647
- Depreciation +€56,462
up €56,462 (+365.9%), from €15,432 to €71,894
- Taxes -€10,893
down €10,893 (-84.3%), from €12,916 to €2,023
- Gross operating margin +€5,946
up €5,946 (+6.8%), from €86,986 to €92,932
- Financial charges +€4,473
up €4,473 (+92.1%), from €4,857 to €9,329
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 | €400,847 | €772,089 | +€371,242 | +92.6% |
| Fixed assets | 21/28 | €295,714 | €679,975 | +€384,261 | +129.9% |
| Tangible fixed assets | 22/27 | €245,281 | €629,542 | +€384,261 | +156.7% |
| Land and buildings | 22 | €214,562 | €606,583 | +€392,020 | +182.7% |
| Leasing and similar rights | 25 | €30,718 | €22,959 | -€7,759 | -25.3% |
| Financial fixed assets | 28 | €50,433 | €50,433 | = | 0.0% |
| Current assets | 29/58 | €105,133 | €92,114 | -€13,019 | -12.4% |
| Amounts receivable within one year | 40/41 | €6,528 | €60,298 | +€53,770 | +823.7% |
| Trade receivables | 40 | €6,528 | €60,298 | +€53,770 | +823.7% |
| Cash at bank and in hand | 54/58 | €96,475 | €29,094 | -€67,381 | -69.8% |
| Deferred charges and accrued income | 490/1 | €2,130 | €2,722 | +€592 | +27.8% |
| Total equity and liabilities | 10/49 | €400,847 | €772,089 | +€371,242 | +92.6% |
| Equity | 10/15 | €85,130 | €91,763 | +€6,633 | +7.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €79,130 | €85,763 | +€6,633 | +8.4% |
| Distributable reserves | 133 | €79,130 | €85,763 | +€6,633 | +8.4% |
| Amounts payable | 17/49 | €315,717 | €680,327 | +€364,609 | +115.5% |
| Amounts payable after more than one year | 17 | €176,528 | €484,575 | +€308,047 | +174.5% |
| Financial debts | 170/4 | €176,528 | €484,575 | +€308,047 | +174.5% |
| Amounts payable within one year | 42/48 | €139,189 | €195,751 | +€56,562 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €24,981 | €44,105 | +€19,124 | +76.6% |
| Trade debts | 44 | €36 | €962 | +€926 | +2573.1% |
| Suppliers | 440/4 | €36 | €962 | +€926 | +2573.1% |
| Taxes, remuneration and social security | 45 | €30,520 | €12,953 | -€17,567 | -57.6% |
| Taxes | 450/3 | €28,020 | €10,373 | -€17,647 | -63.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,580 | +€80 | +3.2% |
| Other amounts payable | 47/48 | €83,652 | €137,731 | +€54,078 | +64.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,432 | €71,894 | +€56,462 | +365.9% |
| Other operating charges | 640/8 | €2,741 | €3,089 | +€348 | +12.7% |
| Gross operating margin | 9900 | €86,986 | €92,932 | +€5,946 | +6.8% |
| Operating profit (loss) | 9901 | €68,813 | €17,949 | -€50,864 | -73.9% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €4,857 | €9,329 | +€4,473 | +92.1% |
| Recurring financial charges | 65 | €4,857 | €9,329 | +€4,473 | +92.1% |
| Profit (loss) for the period before taxes | 9903 | €63,956 | €8,656 | -€55,300 | -86.5% |
| Income taxes | 67/77 | €12,916 | €2,023 | -€10,893 | -84.3% |
| Profit (loss) for the period | 9904 | €51,040 | €6,633 | -€44,407 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,040 | €6,633 | -€44,407 | -87.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.