RDW 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.
RDW CONSTRUCT
Largest movements
- Cash -€10,793
down €10,793 (-70.9%), from €15,219 to €4,427
mainly Investment in fixed assets (net) (-€35,843) and Contributions, distributions and other (-€21,128)
- Stocks and contracts +€9,461
up €9,461 (+249%), from €3,802 to €13,263
- Tangible fixed assets +€6,997
up €6,997 (+4.8%), from €145,307 to €152,304
of which Plant, machinery and equipment: +€15,000
- Other debts +€24,548
up €24,548 (+66.3%), from €36,998 to €61,546
- Reserves -€18,286
down €18,286 (-86.5%), from €21,128 to €2,842
- Trade debts -€7,717
down €7,717 (-44.6%), from €17,311 to €9,595
- Debts after one year +€3,425
up €3,425 (+4.4%), from €77,058 to €80,483
- Current portion of long-term debt +€2,724
up €2,724 (+11.2%), from €24,315 to €27,039
- Gross operating margin -€26,347
down €26,347 (-43.2%), from €60,974 to €34,627
- Depreciation -€8,796
down €8,796 (-23.4%), from €37,642 to €28,846
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 | €180,673 | €185,082 | +€4,409 | +2.4% |
| Fixed assets | 21/28 | €145,307 | €152,304 | +€6,997 | +4.8% |
| Tangible fixed assets | 22/27 | €145,307 | €152,304 | +€6,997 | +4.8% |
| Land and buildings | 22 | €4,022 | €3,886 | -€136 | -3.4% |
| Plant, machinery and equipment | 23 | €124,978 | €139,978 | +€15,000 | +12.0% |
| Furniture and vehicles | 24 | €16,308 | €8,440 | -€7,868 | -48.2% |
| Current assets | 29/58 | €35,366 | €32,778 | -€2,588 | -7.3% |
| Stocks and contracts in progress | 3 | €3,802 | €13,263 | +€9,461 | +249% |
| Stocks | 30/36 | €3,802 | €13,263 | +€9,461 | +249% |
| Amounts receivable within one year | 40/41 | €16,188 | €14,927 | -€1,260 | -7.8% |
| Trade receivables | 40 | €16,153 | €6,994 | -€9,159 | -56.7% |
| Other amounts receivable | 41 | €35 | €7,934 | +€7,899 | +22,797% |
| Cash at bank and in hand | 54/58 | €15,219 | €4,427 | -€10,793 | -70.9% |
| Deferred charges and accrued income | 490/1 | €157 | €161 | +€4 | +2.6% |
| Total equity and liabilities | 10/49 | €180,673 | €185,082 | +€4,409 | +2.4% |
| Equity | 10/15 | €23,528 | €5,242 | -€18,286 | -77.7% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €21,128 | €2,842 | -€18,286 | -86.5% |
| Distributable reserves | 133 | €21,128 | €2,842 | -€18,286 | -86.5% |
| Amounts payable | 17/49 | €157,145 | €179,840 | +€22,695 | +14.4% |
| Amounts payable after more than one year | 17 | €77,058 | €80,483 | +€3,425 | +4.4% |
| Financial debts | 170/4 | €77,058 | €80,483 | +€3,425 | +4.4% |
| Amounts payable within one year | 42/48 | €78,750 | €98,180 | +€19,429 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €24,315 | €27,039 | +€2,724 | +11.2% |
| Trade debts | 44 | €17,311 | €9,595 | -€7,717 | -44.6% |
| Suppliers | 440/4 | €17,311 | €9,595 | -€7,717 | -44.6% |
| Taxes, remuneration and social security | 45 | €126 | - | -€126 | |
| Taxes | 450/3 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €36,998 | €61,546 | +€24,548 | +66.3% |
| Accrued charges and deferred income | 492/3 | €1,337 | €1,177 | -€159 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,642 | €28,846 | -€8,796 | -23.4% |
| Other operating charges | 640/8 | €499 | €613 | +€114 | +22.8% |
| Gross operating margin | 9900 | €60,974 | €34,627 | -€26,347 | -43.2% |
| Operating profit (loss) | 9901 | €22,832 | €5,167 | -€17,665 | -77.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.1% |
| Financial charges | 65/66B | €2,348 | €2,179 | -€169 | -7.2% |
| Recurring financial charges | 65 | €2,348 | €2,179 | -€169 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €20,485 | €2,989 | -€17,496 | -85.4% |
| Income taxes | 67/77 | €126 | €147 | +€21 | +16.9% |
| Profit (loss) for the period | 9904 | €20,359 | €2,842 | -€17,517 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,359 | €2,842 | -€17,517 | -86.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.