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
- Stocks and contracts -€150,759
down €150,759 (-10.5%), from €1.4m to €1.3m
- Receivables within one year +€38,854
up €38,854 (+61.3%), from €63,371 to €102,225
of which Trade receivables: +€38,839
- Cash -€19,277
no longer reported in 2025 (was €19,277)
mainly Short-term financial debts (-€200,000) and Trade debts (-€59,171)
- Other debts +€238,565
up €238,565 (+1362.0%), from €17,515 to €256,080
- Short-term financial debts -€200,000
down €200,000 (-17.8%), from €1.1m to €921,000
- Trade debts -€59,171
down €59,171 (-64.0%), from €92,475 to €33,304
- Profit (loss) carried forward -€52,254
new in 2025: -€52,254
- Tax, wage and social debts -€38,672
down €38,672 (-30.9%), from €125,205 to €86,533
of which Taxes: -€42,787
- Gross operating margin -€196,094
down €196,094 (-90.8%), from €215,923 to €19,829
- Other operating charges -€37,333
down €37,333 (-98.3%), from €37,970 to €637
- Financial charges +€34,806
up €34,806 (+128.8%), from €27,020 to €61,825
- Taxes -€11,120
no longer reported in 2025 (was €11,120)
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 | €1,708,799 | €1,570,706 | -€138,094 | -8.1% |
| Fixed assets | 21/28 | €196,847 | €186,778 | -€10,069 | -5.1% |
| Tangible fixed assets | 22/27 | €196,847 | €186,778 | -€10,069 | -5.1% |
| Land and buildings | 22 | €188,235 | €179,106 | -€9,129 | -4.8% |
| Plant, machinery and equipment | 23 | €8,612 | €7,672 | -€940 | -10.9% |
| Current assets | 29/58 | €1,511,952 | €1,383,927 | -€128,025 | -8.5% |
| Stocks and contracts in progress | 3 | €1,429,305 | €1,278,545 | -€150,759 | -10.5% |
| Stocks | 30/36 | €1,429,305 | €1,278,545 | -€150,759 | -10.5% |
| Amounts receivable within one year | 40/41 | €63,371 | €102,225 | +€38,854 | +61.3% |
| Trade receivables | 40 | €63,371 | €102,209 | +€38,839 | +61.3% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €19,277 | - | -€19,277 | |
| Deferred charges and accrued income | 490/1 | - | €3,157 | +€3,157 | |
| Total equity and liabilities | 10/49 | €1,708,799 | €1,570,706 | -€138,094 | -8.1% |
| Equity | 10/15 | €232,524 | €180,270 | -€52,254 | -22.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €222,524 | €222,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €220,664 | €220,664 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€52,254 | -€52,254 | |
| Amounts payable | 17/49 | €1,476,276 | €1,390,436 | -€85,840 | -5.8% |
| Amounts payable after more than one year | 17 | €93,518 | €78,835 | -€14,683 | -15.7% |
| Financial debts | 170/4 | €93,518 | €78,835 | -€14,683 | -15.7% |
| Amounts payable within one year | 42/48 | €1,369,714 | €1,311,601 | -€58,113 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €13,518 | €14,683 | +€1,165 | +8.6% |
| Financial debts | 43 | €1,121,000 | €921,000 | -€200,000 | -17.8% |
| Credit institutions | 430/8 | €1,121,000 | €921,000 | -€200,000 | -17.8% |
| Trade debts | 44 | €92,475 | €33,304 | -€59,171 | -64.0% |
| Suppliers | 440/4 | €92,475 | €33,304 | -€59,171 | -64.0% |
| Taxes, remuneration and social security | 45 | €125,205 | €86,533 | -€38,672 | -30.9% |
| Taxes | 450/3 | €125,205 | €82,418 | -€42,787 | -34.2% |
| Remuneration and social security | 454/9 | - | €4,115 | +€4,115 | |
| Other amounts payable | 47/48 | €17,515 | €256,080 | +€238,565 | +1362.0% |
| Accrued charges and deferred income | 492/3 | €13,044 | - | -€13,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,915 | €10,069 | +€154 | +1.6% |
| Other operating charges | 640/8 | €37,970 | €637 | -€37,333 | -98.3% |
| Gross operating margin | 9900 | €215,923 | €19,829 | -€196,094 | -90.8% |
| Operating profit (loss) | 9901 | €168,038 | €9,123 | -€158,915 | -94.6% |
| Financial income | 75/76B | €605 | €449 | -€157 | -25.9% |
| Recurring financial income | 75 | €605 | €449 | -€157 | -25.9% |
| Financial charges | 65/66B | €27,020 | €61,825 | +€34,806 | +128.8% |
| Recurring financial charges | 65 | €27,020 | €61,825 | +€34,806 | +128.8% |
| Profit (loss) for the period before taxes | 9903 | €141,624 | -€52,254 | -€193,878 | |
| Income taxes | 67/77 | €11,120 | - | -€11,120 | |
| Profit (loss) for the period | 9904 | €130,504 | -€52,254 | -€182,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,504 | -€52,254 | -€182,758 |
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 8 October 2026 via checked.be.