RCL 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.
RCL Construct
Largest movements
- Deferred charges and accrued income +€34,299
new in 2025: €34,299
- Receivables within one year -€7,577
down €7,577 (-8.6%), from €88,470 to €80,893
of which Other amounts receivable: -€3,842
- Tangible fixed assets -€3,245
down €3,245 (-69.7%), from €4,655 to €1,409
- Cash -€2,172
down €2,172 (-96.2%), from €2,257 to €85
mainly Deferred charges and accrued income (-€34,299) and Tax, wage and social debts (-€9,660)
- Trade debts +€28,819
up €28,819 (+312.9%), from €9,209 to €38,029
- Tax, wage and social debts -€9,660
down €9,660 (-20.5%), from €47,092 to €37,432
of which Taxes: -€9,028
- Other debts +€1,799
up €1,799 (+38.9%), from €4,624 to €6,424
- Gross operating margin -€37,484
down €37,484 (-84.7%), from €44,239 to €6,755
- Taxes -€7,501
down €7,501 (-92.7%), from €8,089 to €588
- Staff costs -€3,787
no longer reported in 2025 (was €3,787)
- Other operating charges +€1,050
up €1,050 (+96.6%), from €1,087 to €2,137
- Depreciation -€682
down €682 (-17.7%), from €3,850 to €3,168
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 | €97,055 | €118,359 | +€21,304 | +22.0% |
| Fixed assets | 21/28 | €6,328 | €3,082 | -€3,245 | -51.3% |
| Tangible fixed assets | 22/27 | €4,655 | €1,409 | -€3,245 | -69.7% |
| Furniture and vehicles | 24 | €4,655 | €1,409 | -€3,245 | -69.7% |
| Financial fixed assets | 28 | €1,673 | €1,673 | = | 0.0% |
| Current assets | 29/58 | €90,727 | €115,277 | +€24,549 | +27.1% |
| Amounts receivable within one year | 40/41 | €88,470 | €80,893 | -€7,577 | -8.6% |
| Trade receivables | 40 | €83,637 | €79,902 | -€3,735 | -4.5% |
| Other amounts receivable | 41 | €4,833 | €991 | -€3,842 | -79.5% |
| Cash at bank and in hand | 54/58 | €2,257 | €85 | -€2,172 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €34,299 | +€34,299 | |
| Total equity and liabilities | 10/49 | €97,055 | €118,359 | +€21,304 | +22.0% |
| Equity | 10/15 | €36,037 | €36,453 | +€415 | +1.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,037 | €34,453 | +€415 | +1.2% |
| Amounts payable | 17/49 | €61,018 | €81,906 | +€20,888 | +34.2% |
| Amounts payable within one year | 42/48 | €61,018 | €81,906 | +€20,888 | +34.2% |
| Financial debts | 43 | €92 | €22 | -€70 | -76.2% |
| Credit institutions | 430/8 | €92 | €22 | -€70 | -76.2% |
| Trade debts | 44 | €9,209 | €38,029 | +€28,819 | +312.9% |
| Suppliers | 440/4 | €9,209 | €38,029 | +€28,819 | +312.9% |
| Taxes, remuneration and social security | 45 | €47,092 | €37,432 | -€9,660 | -20.5% |
| Taxes | 450/3 | €27,645 | €18,617 | -€9,028 | -32.7% |
| Remuneration and social security | 454/9 | €19,447 | €18,815 | -€632 | -3.3% |
| Other amounts payable | 47/48 | €4,624 | €6,424 | +€1,799 | +38.9% |
| Remuneration, social security and pensions | 62 | €3,787 | - | -€3,787 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,850 | €3,168 | -€682 | -17.7% |
| Other operating charges | 640/8 | €1,087 | €2,137 | +€1,050 | +96.6% |
| Gross operating margin | 9900 | €44,239 | €6,755 | -€37,484 | -84.7% |
| Operating profit (loss) | 9901 | €35,515 | €1,450 | -€34,065 | -95.9% |
| Financial charges | 65/66B | €440 | €446 | +€6 | +1.4% |
| Recurring financial charges | 65 | €440 | €446 | +€6 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €35,075 | €1,004 | -€34,071 | -97.1% |
| Income taxes | 67/77 | €8,089 | €588 | -€7,501 | -92.7% |
| Profit (loss) for the period | 9904 | €26,985 | €415 | -€26,570 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,985 | €415 | -€26,570 | -98.5% |
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 10 October 2026 via checked.be.