Renaud Caspers Construction: 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.
Renaud Caspers Construction
Largest movements
- Tangible fixed assets -€5,598
down €5,598 (-31.9%), from €17,550 to €11,951
of which Furniture and vehicles: -€5,848
- Cash -€4,796
down €4,796 (-6.4%), from €74,825 to €70,029
mainly Other debts (-€16,387) and Tax, wage and social debts (-€5,691)
- Receivables within one year -€2,310
down €2,310 (-18.6%), from €12,389 to €10,078
of which Other amounts receivable: -€1,216
- Reserves +€18,509
up €18,509 (+29.8%), from €62,059 to €80,567
- Other debts -€16,387
down €16,387 (-86.9%), from €18,857 to €2,471
- Tax, wage and social debts -€5,691
down €5,691 (-57.0%), from €9,990 to €4,299
of which Taxes: -€5,708
- Debts after one year -€3,803
down €3,803 (-65.7%), from €5,790 to €1,987
- Current portion of long-term debt -€2,907
down €2,907 (-43.3%), from €6,710 to €3,803
- Gross operating margin -€7,198
down €7,198 (-18.2%), from €39,453 to €32,256
- Depreciation -€5,643
down €5,643 (-44.0%), from €12,832 to €7,188
- Taxes -€3,635
down €3,635 (-48.3%), from €7,518 to €3,883
- Financial charges -€1,457
down €1,457 (-70.5%), from €2,068 to €611
- Write-downs +€793
new in 2025: €793
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 | €106,283 | €93,991 | -€12,291 | -11.6% |
| Fixed assets | 21/28 | €17,550 | €11,951 | -€5,598 | -31.9% |
| Tangible fixed assets | 22/27 | €17,550 | €11,951 | -€5,598 | -31.9% |
| Plant, machinery and equipment | 23 | €1,500 | €1,751 | +€250 | +16.7% |
| Furniture and vehicles | 24 | €16,049 | €10,201 | -€5,848 | -36.4% |
| Current assets | 29/58 | €88,733 | €82,040 | -€6,693 | -7.5% |
| Amounts receivable within one year | 40/41 | €12,389 | €10,078 | -€2,310 | -18.6% |
| Trade receivables | 40 | €10,004 | €8,909 | -€1,094 | -10.9% |
| Other amounts receivable | 41 | €2,385 | €1,169 | -€1,216 | -51.0% |
| Cash at bank and in hand | 54/58 | €74,825 | €70,029 | -€4,796 | -6.4% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,933 | +€414 | +27.2% |
| Total equity and liabilities | 10/49 | €106,283 | €93,991 | -€12,291 | -11.6% |
| Equity | 10/15 | €62,059 | €80,567 | +€18,509 | +29.8% |
| Reserves | 13 | €62,059 | €80,567 | +€18,509 | +29.8% |
| Distributable reserves | 133 | €62,059 | €80,567 | +€18,509 | +29.8% |
| Amounts payable | 17/49 | €44,224 | €13,424 | -€30,800 | -69.6% |
| Amounts payable after more than one year | 17 | €5,790 | €1,987 | -€3,803 | -65.7% |
| Financial debts | 170/4 | €5,790 | €1,987 | -€3,803 | -65.7% |
| Amounts payable within one year | 42/48 | €37,622 | €11,438 | -€26,184 | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €6,710 | €3,803 | -€2,907 | -43.3% |
| Trade debts | 44 | €2,064 | €865 | -€1,199 | -58.1% |
| Suppliers | 440/4 | €2,064 | €865 | -€1,199 | -58.1% |
| Taxes, remuneration and social security | 45 | €9,990 | €4,299 | -€5,691 | -57.0% |
| Taxes | 450/3 | €7,792 | €2,083 | -€5,708 | -73.3% |
| Remuneration and social security | 454/9 | €2,199 | €2,216 | +€17 | +0.8% |
| Other amounts payable | 47/48 | €18,857 | €2,471 | -€16,387 | -86.9% |
| Accrued charges and deferred income | 492/3 | €813 | - | -€813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,832 | €7,188 | -€5,643 | -44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €793 | +€793 | |
| Other operating charges | 640/8 | €1,364 | €1,272 | -€91 | -6.7% |
| Gross operating margin | 9900 | €39,453 | €32,256 | -€7,198 | -18.2% |
| Operating profit (loss) | 9901 | €25,258 | €23,002 | -€2,256 | -8.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,068 | €611 | -€1,457 | -70.5% |
| Recurring financial charges | 65 | €2,068 | €611 | -€1,457 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €23,191 | €22,392 | -€799 | -3.4% |
| Income taxes | 67/77 | €7,518 | €3,883 | -€3,635 | -48.3% |
| Profit (loss) for the period | 9904 | €15,672 | €18,509 | +€2,836 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,672 | €18,509 | +€2,836 | +18.1% |
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 9 October 2026 via checked.be.