RS BUILD & SOLUTIONS: 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.
What changed
RS BUILD & SOLUTIONS
NACE 71.209, Other technical testing and analysis
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€175,911
2024 · €252,227-€76,315
Equity
€161,885
2024 · €159,974+€1,911
Cash
€21,607
2024 · €88,009-€66,403
Balance sheet total
€1.3m
2024 · €982,667+€271,999
Largest movements
Assets
- Stocks and contracts +€382,575
new in 2025: €382,575
- Cash -€66,403
down €66,403 (-75.4%), from €88,009 to €21,607
mainly Stocks and contracts (-€382,575) and Contributions, distributions and other (-€174,000)
- Receivables after one year -€34,000
down €34,000 (-36.4%), from €93,418 to €59,418
Equity and liabilities
- Short-term financial debts +€284,150
up €284,150 (+2,398%), from €11,850 to €296,000
- Tax, wage and social debts -€49,953
down €49,953 (-45.6%), from €109,543 to €59,591
- Other debts +€19,726
up €19,726 (+3.6%), from €554,763 to €574,489
- Trade debts +€18,231
up €18,231 (+98.6%), from €18,487 to €36,718
Income statement
- Gross operating margin -€98,313
down €98,313 (-27.6%), from €356,845 to €258,532
- Taxes -€26,648
down €26,648 (-31.5%), from €84,477 to €57,829
- Financial charges +€4,110
up €4,110 (+113%), from €3,632 to €7,742
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.
Result 2024
€252,227
Gross operating margin
-€98,313
Depreciation
+€522
Other operating charges
-€134
Other operating items
-€802
Financial income
-€128
Financial charges
-€4,110
Taxes
+€26,648
Result 2025
€175,911
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€165,543
Investment
-€3,660
Financing
+€102,800
Cash 2024
€88,009
From operations (derived)
-€165,543
Net result for the year
+€175,911
Depreciation
+€12,372
Receivables after one year
+€34,000
Stocks and contracts
-€382,575
Receivables within one year
-€1,050
Deferred charges and accrued income
+€2,511
Trade debts
+€18,231
Tax, wage and social debts
-€49,953
Advances received
+€613
Other debts
+€19,726
Accrued charges and deferred income
+€4,670
Investment (derived)
-€3,660
Investment in fixed assets (net)
-€3,660
Financing
+€102,800
Debts after one year
-€7,417
Current portion of long-term debt
+€67
Short-term financial debts
+€284,150
Contributions, distributions and other
-€174,000
Cash 2025
€21,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €982,667 | €1,254,666 | +€271,999 | +27.7% |
| Fixed assets | 21/28 | €222,430 | €213,718 | -€8,712 | -3.9% |
| Tangible fixed assets | 22/27 | €222,390 | €213,678 | -€8,712 | -3.9% |
| Land and buildings | 22 | €198,702 | €192,910 | -€5,791 | -2.9% |
| Plant, machinery and equipment | 23 | €691 | €551 | -€140 | -20.3% |
| Furniture and vehicles | 24 | €17,944 | €16,413 | -€1,531 | -8.5% |
| Other tangible fixed assets | 26 | €5,054 | €3,804 | -€1,250 | -24.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €760,237 | €1,040,948 | +€280,711 | +36.9% |
| Amounts receivable after more than one year | 29 | €93,418 | €59,418 | -€34,000 | -36.4% |
| Trade receivables | 290 | €93,418 | €59,418 | -€34,000 | -36.4% |
| Stocks and contracts in progress | 3 | - | €382,575 | +€382,575 | |
| Stocks | 30/36 | - | €382,575 | +€382,575 | |
| Amounts receivable within one year | 40/41 | €572,033 | €573,083 | +€1,050 | +0.2% |
| Trade receivables | 40 | €434,474 | €324,311 | -€110,163 | -25.4% |
| Other amounts receivable | 41 | €137,559 | €248,772 | +€111,213 | +80.8% |
| Cash at bank and in hand | 54/58 | €88,009 | €21,607 | -€66,403 | -75.4% |
| Deferred charges and accrued income | 490/1 | €6,776 | €4,265 | -€2,511 | -37.1% |
| Total equity and liabilities | 10/49 | €982,667 | €1,254,666 | +€271,999 | +27.7% |
| Equity | 10/15 | €159,974 | €161,885 | +€1,911 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,374 | €141,374 | = | 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 | €139,514 | €139,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,911 | +€1,911 | |
| Amounts payable | 17/49 | €822,693 | €1,092,781 | +€270,088 | +32.8% |
| Amounts payable after more than one year | 17 | €120,088 | €112,671 | -€7,417 | -6.2% |
| Financial debts | 170/4 | €120,088 | €112,671 | -€7,417 | -6.2% |
| Amounts payable within one year | 42/48 | €701,993 | €974,828 | +€272,835 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €7,350 | €7,417 | +€67 | +0.9% |
| Financial debts | 43 | €11,850 | €296,000 | +€284,150 | +2,398% |
| Credit institutions | 430/8 | €11,850 | €296,000 | +€284,150 | +2,398% |
| Trade debts | 44 | €18,487 | €36,718 | +€18,231 | +98.6% |
| Suppliers | 440/4 | €18,487 | €36,718 | +€18,231 | +98.6% |
| Advances received on contracts in progress | 46 | - | €613 | +€613 | |
| Taxes, remuneration and social security | 45 | €109,543 | €59,591 | -€49,953 | -45.6% |
| Taxes | 450/3 | €109,543 | €59,591 | -€49,953 | -45.6% |
| Other amounts payable | 47/48 | €554,763 | €574,489 | +€19,726 | +3.6% |
| Accrued charges and deferred income | 492/3 | €612 | €5,282 | +€4,670 | +764% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,894 | €12,372 | -€522 | -4.1% |
| Other operating charges | 640/8 | €5,138 | €5,272 | +€134 | +2.6% |
| Non-recurring operating charges | 66A | - | €802 | +€802 | |
| Gross operating margin | 9900 | €356,845 | €258,532 | -€98,313 | -27.6% |
| Operating profit (loss) | 9901 | €338,813 | €240,086 | -€98,726 | -29.1% |
| Financial income | 75/76B | €1,523 | €1,395 | -€128 | -8.4% |
| Recurring financial income | 75 | €1,523 | €1,395 | -€128 | -8.4% |
| Financial charges | 65/66B | €3,632 | €7,742 | +€4,110 | +113% |
| Recurring financial charges | 65 | €3,632 | €7,742 | +€4,110 | +113% |
| Profit (loss) for the period before taxes | 9903 | €336,703 | €233,740 | -€102,964 | -30.6% |
| Income taxes | 67/77 | €84,477 | €57,829 | -€26,648 | -31.5% |
| Profit (loss) for the period | 9904 | €252,227 | €175,911 | -€76,315 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €252,227 | €175,911 | -€76,315 | -30.3% |
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 30 October 2026 via checked.be.