RDB 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.
RDB Construct
Largest movements
- Receivables within one year -€35,677
down €35,677 (-28.2%), from €126,736 to €91,059
of which Other amounts receivable: -€26,202
- Tangible fixed assets +€25,257
up €25,257 (+1,318%), from €1,916 to €27,172
- Cash +€13,278
up €13,278 (+99.1%), from €13,392 to €26,669
mainly Receivables within one year (+€35,677) and Other debts (+€22,375)
- Deferred charges and accrued income +€1,568
up €1,568 (+183%), from €856 to €2,425
- Reserves -€22,540
down €22,540 (-21.2%), from €106,352 to €83,812
- Other debts +€22,375
up €22,375 (+2,510%), from €891 to €23,267
- Debts after one year +€19,185
new in 2025: €19,185
- Tax, wage and social debts +€13,141
up €13,141 (+825%), from €1,593 to €14,734
of which Taxes: +€13,141
- Trade debts -€10,194
down €10,194 (-47.9%), from €21,265 to €11,071
- Gross operating margin -€50,650
down €50,650 (-91.4%), from €55,428 to €4,778
- Taxes -€9,036
down €9,036 (-95.7%), from €9,442 to €405
- Depreciation +€4,071
up €4,071 (+503%), from €809 to €4,880
- Financial charges +€2,937
up €2,937 (+60.3%), from €4,870 to €7,807
- Financial income +€2,433
up €2,433 (+2,400%), from €101 to €2,534
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 | €150,400 | €154,826 | +€4,426 | +2.9% |
| Fixed assets | 21/28 | €9,416 | €34,672 | +€25,257 | +268% |
| Tangible fixed assets | 22/27 | €1,916 | €27,172 | +€25,257 | +1,318% |
| Furniture and vehicles | 24 | €1,916 | €27,172 | +€25,257 | +1,318% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €140,985 | €120,153 | -€20,831 | -14.8% |
| Amounts receivable within one year | 40/41 | €126,736 | €91,059 | -€35,677 | -28.2% |
| Trade receivables | 40 | €100,534 | €91,059 | -€9,475 | -9.4% |
| Other amounts receivable | 41 | €26,202 | €0 | -€26,202 | -100% |
| Cash at bank and in hand | 54/58 | €13,392 | €26,669 | +€13,278 | +99.1% |
| Deferred charges and accrued income | 490/1 | €856 | €2,425 | +€1,568 | +183% |
| Total equity and liabilities | 10/49 | €150,400 | €154,826 | +€4,426 | +2.9% |
| Equity | 10/15 | €112,652 | €81,400 | -€31,251 | -27.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €106,352 | €83,812 | -€22,540 | -21.2% |
| Distributable reserves | 133 | €106,352 | €83,812 | -€22,540 | -21.2% |
| Profit (loss) carried forward | 14 | €0 | -€8,712 | -€8,712 | |
| Amounts payable | 17/49 | €37,749 | €73,426 | +€35,677 | +94.5% |
| Amounts payable after more than one year | 17 | - | €19,185 | +€19,185 | |
| Financial debts | 170/4 | - | €19,185 | +€19,185 | |
| Amounts payable within one year | 42/48 | €37,749 | €54,240 | +€16,492 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €5,169 | -€8,831 | -63.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €21,265 | €11,071 | -€10,194 | -47.9% |
| Suppliers | 440/4 | €21,265 | €11,071 | -€10,194 | -47.9% |
| Taxes, remuneration and social security | 45 | €1,593 | €14,734 | +€13,141 | +825% |
| Taxes | 450/3 | €1,593 | €14,734 | +€13,141 | +825% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €891 | €23,267 | +€22,375 | +2,510% |
| Non-recurring operating income | 76A | - | €8,265 | +€8,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €4,880 | +€4,071 | +503% |
| Other operating charges | 640/8 | €2,303 | €2,932 | +€628 | +27.3% |
| Gross operating margin | 9900 | €55,428 | €4,778 | -€50,650 | -91.4% |
| Operating profit (loss) | 9901 | €52,316 | -€3,033 | -€55,349 | |
| Financial income | 75/76B | €101 | €2,534 | +€2,433 | +2,400% |
| Recurring financial income | 75 | €101 | €2,534 | +€2,433 | +2,400% |
| Financial charges | 65/66B | €4,870 | €7,807 | +€2,937 | +60.3% |
| Recurring financial charges | 65 | €4,870 | €7,807 | +€2,937 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €47,547 | -€8,306 | -€55,854 | |
| Income taxes | 67/77 | €9,442 | €405 | -€9,036 | -95.7% |
| Profit (loss) for the period | 9904 | €38,106 | -€8,712 | -€46,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,106 | -€8,712 | -€46,817 |
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 22 October 2026 via checked.be.