RLD CONSTRUCT: 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.
RLD CONSTRUCT
Largest movements
- Tangible fixed assets +€13,704
up €13,704 (+543.0%), from €2,524 to €16,228
of which Furniture and vehicles: +€12,727
- Cash +€9,388
up €9,388 (+128.8%), from €7,289 to €16,677
mainly Other debts (+€15,679) and Net result for the year (+€5,431)
- Receivables within one year +€2,563
up €2,563 (+21.8%), from €11,739 to €14,302
of which Trade receivables: +€2,494
- Other debts +€15,679
up €15,679 (+246.1%), from €6,372 to €22,051
- Profit (loss) carried forward +€5,431
up €5,431 (+58.1%), from €9,349 to €14,780
- Trade debts +€3,237
up €3,237 (+203.8%), from €1,588 to €4,825
- Tax, wage and social debts +€1,708
up €1,708 (+60.1%), from €2,842 to €4,551
of which Remuneration and social security: +€1,900
- Gross operating margin +€1,489
up €1,489 (+9.6%), from €15,458 to €16,948
- Other operating charges +€855
up €855 (+243.9%), from €350 to €1,205
- Financial charges +€532
up €532 (+10.2%), from €5,233 to €5,766
- Depreciation +€253
up €253 (+9.3%), from €2,731 to €2,984
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 | €21,552 | €47,207 | +€25,655 | +119.0% |
| Fixed assets | 21/28 | €2,524 | €16,228 | +€13,704 | +543.0% |
| Tangible fixed assets | 22/27 | €2,524 | €16,228 | +€13,704 | +543.0% |
| Plant, machinery and equipment | 23 | - | €977 | +€977 | |
| Furniture and vehicles | 24 | €2,524 | €15,251 | +€12,727 | +504.3% |
| Current assets | 29/58 | €19,028 | €30,979 | +€11,951 | +62.8% |
| Amounts receivable within one year | 40/41 | €11,739 | €14,302 | +€2,563 | +21.8% |
| Trade receivables | 40 | €9,662 | €12,157 | +€2,494 | +25.8% |
| Other amounts receivable | 41 | €2,076 | €2,145 | +€69 | +3.3% |
| Cash at bank and in hand | 54/58 | €7,289 | €16,677 | +€9,388 | +128.8% |
| Total equity and liabilities | 10/49 | €21,552 | €47,207 | +€25,655 | +119.0% |
| Equity | 10/15 | €10,349 | €15,780 | +€5,431 | +52.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,349 | €14,780 | +€5,431 | +58.1% |
| Amounts payable | 17/49 | €11,202 | €31,427 | +€20,225 | +180.5% |
| Amounts payable within one year | 42/48 | €10,802 | €31,427 | +€20,625 | +190.9% |
| Trade debts | 44 | €1,588 | €4,825 | +€3,237 | +203.8% |
| Suppliers | 440/4 | €1,588 | €4,825 | +€3,237 | +203.8% |
| Taxes, remuneration and social security | 45 | €2,842 | €4,551 | +€1,708 | +60.1% |
| Taxes | 450/3 | €2,042 | €1,851 | -€192 | -9.4% |
| Remuneration and social security | 454/9 | €800 | €2,700 | +€1,900 | +237.5% |
| Other amounts payable | 47/48 | €6,372 | €22,051 | +€15,679 | +246.1% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,731 | €2,984 | +€253 | +9.3% |
| Other operating charges | 640/8 | €350 | €1,205 | +€855 | +243.9% |
| Gross operating margin | 9900 | €15,458 | €16,948 | +€1,489 | +9.6% |
| Operating profit (loss) | 9901 | €12,377 | €12,758 | +€381 | +3.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €5,233 | €5,766 | +€532 | +10.2% |
| Recurring financial charges | 65 | €5,233 | €5,766 | +€532 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €7,144 | €6,993 | -€151 | -2.1% |
| Income taxes | 67/77 | €1,574 | €1,562 | -€12 | -0.7% |
| Profit (loss) for the period | 9904 | €5,570 | €5,431 | -€139 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,570 | €5,431 | -€139 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.