RL-Build: 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.
RL-Build
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+97.5%), from €1.2m to €2.3m
of which Land and buildings: +€1.1m
- Receivables within one year +€127,457
up €127,457 (+5005.0%), from €2,547 to €130,004
of which Trade receivables: +€127,765
- Cash -€64,379
down €64,379 (-49.5%), from €129,949 to €65,570
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€127,457)
- Debts after one year +€684,539
up €684,539 (+87.9%), from €778,685 to €1.5m
- Trade debts +€210,256
up €210,256 (+336.6%), from €62,468 to €272,724
- Other debts +€112,459
up €112,459 (+62.4%), from €180,163 to €292,622
- Reserves +€98,329
up €98,329 (+74.2%), from €132,573 to €230,902
of which Distributable reserves: +€99,233
- Current portion of long-term debt +€57,595
up €57,595 (+75.2%), from €76,610 to €134,205
- Gross operating margin +€82,257
up €82,257 (+60.5%), from €135,950 to €218,207
- Taxes +€12,712
up €12,712 (+57.6%), from €22,085 to €34,798
- Financial charges +€7,894
up €7,894 (+23.7%), from €33,274 to €41,168
- Other operating charges -€2,222
down €2,222 (-21.6%), from €10,288 to €8,067
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 | €1,311,528 | €2,497,254 | +€1.2m | +90.4% |
| Fixed assets | 21/28 | €1,174,800 | €2,297,943 | +€1.1m | +95.6% |
| Tangible fixed assets | 22/27 | €1,152,300 | €2,275,443 | +€1.1m | +97.5% |
| Land and buildings | 22 | €1,152,300 | €2,263,433 | +€1.1m | +96.4% |
| Plant, machinery and equipment | 23 | - | €12,010 | +€12,010 | |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €136,728 | €199,311 | +€62,583 | +45.8% |
| Amounts receivable within one year | 40/41 | €2,547 | €130,004 | +€127,457 | +5005.0% |
| Trade receivables | 40 | €2,235 | €130,000 | +€127,765 | +5716.9% |
| Other amounts receivable | 41 | €312 | €4 | -€308 | -98.8% |
| Cash at bank and in hand | 54/58 | €129,949 | €65,570 | -€64,379 | -49.5% |
| Deferred charges and accrued income | 490/1 | €4,232 | €3,738 | -€495 | -11.7% |
| Total equity and liabilities | 10/49 | €1,311,528 | €2,497,254 | +€1.2m | +90.4% |
| Equity | 10/15 | €166,609 | €264,939 | +€98,329 | +59.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,573 | €230,902 | +€98,329 | +74.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €48,907 | €48,003 | -€904 | -1.8% |
| Distributable reserves | 133 | €83,666 | €182,899 | +€99,233 | +118.6% |
| Profit (loss) carried forward | 14 | €15,436 | €15,436 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,302 | €16,001 | -€301 | -1.8% |
| Deferred taxes | 168 | €16,302 | €16,001 | -€301 | -1.8% |
| Amounts payable | 17/49 | €1,128,617 | €2,216,315 | +€1.1m | +96.4% |
| Amounts payable after more than one year | 17 | €778,685 | €1,463,225 | +€684,539 | +87.9% |
| Financial debts | 170/4 | €778,685 | €1,463,225 | +€684,539 | +87.9% |
| Amounts payable within one year | 42/48 | €348,658 | €750,438 | +€401,780 | +115.2% |
| Current portion of amounts payable after more than one year | 42 | €76,610 | €134,205 | +€57,595 | +75.2% |
| Financial debts | 43 | - | €15,051 | +€15,051 | |
| Credit institutions | 430/8 | - | €15,051 | +€15,051 | |
| Trade debts | 44 | €62,468 | €272,724 | +€210,256 | +336.6% |
| Suppliers | 440/4 | €62,468 | €272,724 | +€210,256 | +336.6% |
| Taxes, remuneration and social security | 45 | €29,418 | €35,836 | +€6,418 | +21.8% |
| Taxes | 450/3 | €29,418 | €35,836 | +€6,418 | +21.8% |
| Other amounts payable | 47/48 | €180,163 | €292,622 | +€112,459 | +62.4% |
| Accrued charges and deferred income | 492/3 | €1,273 | €2,652 | +€1,379 | +108.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,400 | €36,147 | -€1,253 | -3.4% |
| Other operating charges | 640/8 | €10,288 | €8,067 | -€2,222 | -21.6% |
| Gross operating margin | 9900 | €135,950 | €218,207 | +€82,257 | +60.5% |
| Operating profit (loss) | 9901 | €88,262 | €173,994 | +€85,732 | +97.1% |
| Financial income | 75/76B | €175 | €0 | -€175 | -100.0% |
| Recurring financial income | 75 | €175 | €0 | -€175 | -100.0% |
| Financial charges | 65/66B | €33,274 | €41,168 | +€7,894 | +23.7% |
| Recurring financial charges | 65 | €33,274 | €41,168 | +€7,894 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €55,163 | €132,826 | +€77,663 | +140.8% |
| Transfer from deferred taxes | 780 | €53 | €301 | +€248 | +469.9% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €22,085 | €34,798 | +€12,712 | +57.6% |
| Profit (loss) for the period | 9904 | €33,131 | €98,329 | +€65,199 | +196.8% |
| Transfer from tax-exempt reserves | 789 | €159 | €904 | +€745 | +469.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €33,289 | €99,233 | +€65,944 | +198.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.