RS Construction: 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.
RS Construction
Largest movements
- Receivables within one year +€332,161
up €332,161 (+47.4%), from €701,415 to €1.0m
of which Trade receivables: +€345,246
- Cash +€263,292
up €263,292 (+110%), from €240,350 to €503,642
mainly Other debts (+€392,490) and Net result for the year (+€342,434)
- Deferred charges and accrued income -€54,461
down €54,461 (-94.8%), from €57,478 to €3,016
- Tangible fixed assets +€19,684
up €19,684 (+29.9%), from €65,887 to €85,572
of which Furniture and vehicles: +€19,037
- Other debts +€392,490
up €392,490 (+1,572%), from €24,975 to €417,465
- Trade debts +€199,946
up €199,946 (+38.1%), from €524,114 to €724,060
- Profit (loss) carried forward -€57,566
down €57,566 (-11.9%), from €485,278 to €427,712
- Tax, wage and social debts +€30,580
up €30,580 (+306%), from €9,992 to €40,572
of which Taxes: +€23,510
- Gross operating margin +€163,527
up €163,527 (+51.1%), from €320,082 to €483,608
- Write-downs -€107,249
down €107,249, from €66,488 to -€40,761
- Taxes +€61,334
up €61,334 (+103%), from €59,649 to €120,983
- Staff costs +€38,713
new in 2025: €38,713
- Financial income +€6,232
up €6,232 (+60.2%), from €10,346 to €16,578
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,065,130 | €1,625,805 | +€560,676 | +52.6% |
| Fixed assets | 21/28 | €65,887 | €85,572 | +€19,684 | +29.9% |
| Tangible fixed assets | 22/27 | €65,887 | €85,572 | +€19,684 | +29.9% |
| Plant, machinery and equipment | 23 | €28,686 | €26,801 | -€1,885 | -6.6% |
| Furniture and vehicles | 24 | €37,201 | €56,238 | +€19,037 | +51.2% |
| Other tangible fixed assets | 26 | - | €2,532 | +€2,532 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €999,242 | €1,540,234 | +€540,991 | +54.1% |
| Amounts receivable within one year | 40/41 | €701,415 | €1,033,576 | +€332,161 | +47.4% |
| Trade receivables | 40 | €610,501 | €955,747 | +€345,246 | +56.6% |
| Other amounts receivable | 41 | €90,914 | €77,829 | -€13,085 | -14.4% |
| Cash at bank and in hand | 54/58 | €240,350 | €503,642 | +€263,292 | +110% |
| Deferred charges and accrued income | 490/1 | €57,478 | €3,016 | -€54,461 | -94.8% |
| Total equity and liabilities | 10/49 | €1,065,130 | €1,625,805 | +€560,676 | +52.6% |
| Equity | 10/15 | €499,533 | €441,967 | -€57,566 | -11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €485,278 | €427,712 | -€57,566 | -11.9% |
| Amounts payable | 17/49 | €565,596 | €1,183,838 | +€618,242 | +109% |
| Amounts payable within one year | 42/48 | €559,081 | €1,182,097 | +€623,016 | +111% |
| Trade debts | 44 | €524,114 | €724,060 | +€199,946 | +38.1% |
| Suppliers | 440/4 | €524,114 | €724,060 | +€199,946 | +38.1% |
| Taxes, remuneration and social security | 45 | €9,992 | €40,572 | +€30,580 | +306% |
| Taxes | 450/3 | €9,992 | €33,502 | +€23,510 | +235% |
| Remuneration and social security | 454/9 | - | €7,070 | +€7,070 | |
| Other amounts payable | 47/48 | €24,975 | €417,465 | +€392,490 | +1,572% |
| Accrued charges and deferred income | 492/3 | €6,516 | €1,741 | -€4,774 | -73.3% |
| Remuneration, social security and pensions | 62 | - | €38,713 | +€38,713 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,437 | €25,709 | +€3,272 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,488 | -€40,761 | -€107,249 | |
| Other operating charges | 640/8 | €5,307 | €8,641 | +€3,334 | +62.8% |
| Gross operating margin | 9900 | €320,082 | €483,608 | +€163,527 | +51.1% |
| Operating profit (loss) | 9901 | €225,849 | €451,306 | +€225,456 | +99.8% |
| Financial income | 75/76B | €10,346 | €16,578 | +€6,232 | +60.2% |
| Recurring financial income | 75 | €10,346 | €16,578 | +€6,232 | +60.2% |
| Financial charges | 65/66B | €3,712 | €4,467 | +€755 | +20.3% |
| Recurring financial charges | 65 | €3,712 | €4,467 | +€755 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €232,483 | €463,417 | +€230,933 | +99.3% |
| Income taxes | 67/77 | €59,649 | €120,983 | +€61,334 | +103% |
| Profit (loss) for the period | 9904 | €172,835 | €342,434 | +€169,599 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €172,835 | €342,434 | +€169,599 | +98.1% |
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.