RP 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.
RP CONSTRUCT
Largest movements
- Tangible fixed assets -€103,466
down €103,466 (-31.8%), from €325,614 to €222,148
of which Leasing and similar rights: -€85,762
- Receivables within one year -€78,055
down €78,055 (-66.7%), from €116,978 to €38,924
of which Trade receivables: -€64,311
- Cash +€60,718
up €60,718 (+713.5%), from €8,510 to €69,228
mainly Depreciation (+€112,859) and Receivables within one year (+€78,055)
- Deferred charges and accrued income +€12,144
up €12,144 (+15.5%), from €78,375 to €90,519
- Debts after one year -€85,080
down €85,080 (-37.5%), from €226,805 to €141,725
- Trade debts -€41,431
down €41,431 (-49.6%), from €83,482 to €42,050
- Reserves +€21,953
up €21,953 (+40.6%), from €54,111 to €76,064
of which Distributable reserves: +€21,953
- Tax, wage and social debts -€11,550
down €11,550 (-34.6%), from €33,413 to €21,863
of which Remuneration and social security: -€9,721
- Staff costs -€90,718
down €90,718 (-13.0%), from €699,419 to €608,701
- Gross operating margin -€52,167
down €52,167 (-6.3%), from €823,162 to €770,994
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 | €530,342 | €421,683 | -€108,659 | -20.5% |
| Fixed assets | 21/28 | €326,479 | €223,013 | -€103,466 | -31.7% |
| Tangible fixed assets | 22/27 | €325,614 | €222,148 | -€103,466 | -31.8% |
| Plant, machinery and equipment | 23 | €48,046 | €41,454 | -€6,592 | -13.7% |
| Furniture and vehicles | 24 | €29,363 | €18,250 | -€11,112 | -37.8% |
| Leasing and similar rights | 25 | €248,205 | €162,444 | -€85,762 | -34.6% |
| Financial fixed assets | 28 | €865 | €865 | = | 0.0% |
| Current assets | 29/58 | €203,863 | €198,670 | -€5,193 | -2.5% |
| Amounts receivable within one year | 40/41 | €116,978 | €38,924 | -€78,055 | -66.7% |
| Trade receivables | 40 | €99,830 | €35,519 | -€64,311 | -64.4% |
| Other amounts receivable | 41 | €17,148 | €3,404 | -€13,744 | -80.1% |
| Cash at bank and in hand | 54/58 | €8,510 | €69,228 | +€60,718 | +713.5% |
| Deferred charges and accrued income | 490/1 | €78,375 | €90,519 | +€12,144 | +15.5% |
| Total equity and liabilities | 10/49 | €530,342 | €421,683 | -€108,659 | -20.5% |
| Equity | 10/15 | €80,723 | €104,537 | +€23,814 | +29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,111 | €76,064 | +€21,953 | +40.6% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €52,871 | €74,824 | +€21,953 | +41.5% |
| Profit (loss) carried forward | 14 | €8,012 | €8,012 | = | 0.0% |
| Investment grants | 15 | - | €1,861 | +€1,861 | |
| Amounts payable | 17/49 | €449,620 | €317,146 | -€132,473 | -29.5% |
| Amounts payable after more than one year | 17 | €226,805 | €141,725 | -€85,080 | -37.5% |
| Financial debts | 170/4 | €226,805 | €141,725 | -€85,080 | -37.5% |
| Amounts payable within one year | 42/48 | €222,815 | €175,422 | -€47,393 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €77,037 | €80,954 | +€3,916 | +5.1% |
| Trade debts | 44 | €83,482 | €42,050 | -€41,431 | -49.6% |
| Suppliers | 440/4 | €83,482 | €42,050 | -€41,431 | -49.6% |
| Taxes, remuneration and social security | 45 | €33,413 | €21,863 | -€11,550 | -34.6% |
| Taxes | 450/3 | €4,731 | €2,902 | -€1,829 | -38.7% |
| Remuneration and social security | 454/9 | €28,682 | €18,960 | -€9,721 | -33.9% |
| Other amounts payable | 47/48 | €28,883 | €30,555 | +€1,672 | +5.8% |
| Remuneration, social security and pensions | 62 | €699,419 | €608,701 | -€90,718 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,953 | €112,859 | +€6,905 | +6.5% |
| Other operating charges | 640/8 | €9,177 | €7,149 | -€2,028 | -22.1% |
| Non-recurring operating charges | 66A | - | €3,295 | +€3,295 | |
| Gross operating margin | 9900 | €823,162 | €770,994 | -€52,167 | -6.3% |
| Operating profit (loss) | 9901 | €8,613 | €38,991 | +€30,378 | +352.7% |
| Financial income | 75/76B | €965 | €6,299 | +€5,334 | +552.8% |
| Recurring financial income | 75 | €965 | €6,299 | +€5,334 | +552.8% |
| Financial charges | 65/66B | €25,425 | €20,435 | -€4,991 | -19.6% |
| Recurring financial charges | 65 | €25,425 | €20,435 | -€4,991 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,848 | €24,855 | +€40,703 | |
| Income taxes | 67/77 | - | €2,902 | +€2,902 | |
| Profit (loss) for the period | 9904 | -€15,848 | €21,953 | +€37,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,848 | €21,953 | +€37,800 |
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 5 October 2026 via checked.be.