RC 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.
RC CONSTRUCT
Largest movements
- Receivables after one year +€271,000
up €271,000 (+451.7%), from €60,000 to €331,000
- Receivables within one year +€36,919
up €36,919 (+34.4%), from €107,245 to €144,164
of which Other amounts receivable: +€39,650
- Cash +€18,566
up €18,566 (+16.7%), from €111,446 to €130,012
mainly Debts after one year (+€203,577) and Current portion of long-term debt (+€58,400)
- Debts after one year +€203,577
up €203,577 (+111.7%), from €182,284 to €385,861
- Current portion of long-term debt +€58,400
up €58,400 (+280.8%), from €20,800 to €79,200
- Reserves +€38,011
up €38,011 (+7.7%), from €494,014 to €532,025
- Advances received +€22,183
up €22,183 (+84.1%), from €26,367 to €48,550
- Financial charges +€6,526
up €6,526 (+64.5%), from €10,114 to €16,640
- Gross operating margin +€4,380
up €4,380 (+4.0%), from €109,051 to €113,431
- Depreciation +€1,867
up €1,867 (+5.3%), from €35,560 to €37,427
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.
Cash bridge derived
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 | €771,023 | €1,096,121 | +€325,098 | +42.2% |
| Fixed assets | 21/28 | €490,303 | €482,080 | -€8,223 | -1.7% |
| Tangible fixed assets | 22/27 | €232,550 | €224,327 | -€8,223 | -3.5% |
| Land and buildings | 22 | €46,550 | €39,900 | -€6,650 | -14.3% |
| Furniture and vehicles | 24 | €4,535 | €10,113 | +€5,578 | +123.0% |
| Other tangible fixed assets | 26 | €181,465 | €174,314 | -€7,151 | -3.9% |
| Financial fixed assets | 28 | €257,753 | €257,753 | = | 0.0% |
| Current assets | 29/58 | €280,720 | €614,041 | +€333,321 | +118.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €331,000 | +€271,000 | +451.7% |
| Other amounts receivable | 291 | €60,000 | €331,000 | +€271,000 | +451.7% |
| Amounts receivable within one year | 40/41 | €107,245 | €144,164 | +€36,919 | +34.4% |
| Trade receivables | 40 | €18,749 | €16,018 | -€2,731 | -14.6% |
| Other amounts receivable | 41 | €88,496 | €128,146 | +€39,650 | +44.8% |
| Current investments | 50/53 | - | €6,132 | +€6,132 | |
| Cash at bank and in hand | 54/58 | €111,446 | €130,012 | +€18,566 | +16.7% |
| Deferred charges and accrued income | 490/1 | €2,029 | €2,733 | +€704 | +34.7% |
| Total equity and liabilities | 10/49 | €771,023 | €1,096,121 | +€325,098 | +42.2% |
| Equity | 10/15 | €494,114 | €532,125 | +€38,011 | +7.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €494,014 | €532,025 | +€38,011 | +7.7% |
| Distributable reserves | 133 | €494,014 | €532,025 | +€38,011 | +7.7% |
| Amounts payable | 17/49 | €276,909 | €563,996 | +€287,087 | +103.7% |
| Amounts payable after more than one year | 17 | €182,284 | €385,861 | +€203,577 | +111.7% |
| Financial debts | 170/4 | €182,284 | €385,861 | +€203,577 | +111.7% |
| Amounts payable within one year | 42/48 | €94,625 | €178,135 | +€83,510 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | €20,800 | €79,200 | +€58,400 | +280.8% |
| Financial debts | 43 | €2,704 | €2,703 | -€1 | 0.0% |
| Credit institutions | 430/8 | €2,704 | €2,703 | -€1 | 0.0% |
| Trade debts | 44 | €3,310 | €2,567 | -€743 | -22.4% |
| Suppliers | 440/4 | €3,310 | €2,567 | -€743 | -22.4% |
| Advances received on contracts in progress | 46 | €26,367 | €48,550 | +€22,183 | +84.1% |
| Taxes, remuneration and social security | 45 | €41,444 | €45,115 | +€3,671 | +8.9% |
| Taxes | 450/3 | €41,444 | €45,115 | +€3,671 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,560 | €37,427 | +€1,867 | +5.3% |
| Other operating charges | 640/8 | €2,734 | €2,295 | -€439 | -16.1% |
| Non-recurring operating charges | 66A | - | €1,288 | +€1,288 | |
| Gross operating margin | 9900 | €109,051 | €113,431 | +€4,380 | +4.0% |
| Operating profit (loss) | 9901 | €70,757 | €72,421 | +€1,664 | +2.4% |
| Financial charges | 65/66B | €10,114 | €16,640 | +€6,526 | +64.5% |
| Recurring financial charges | 65 | €10,114 | €16,640 | +€6,526 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €60,643 | €55,781 | -€4,862 | -8.0% |
| Income taxes | 67/77 | €18,234 | €17,770 | -€464 | -2.5% |
| Profit (loss) for the period | 9904 | €42,409 | €38,011 | -€4,398 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,409 | €38,011 | -€4,398 | -10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.