RS &P 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.
RS &P CONSTRUCT
Largest movements
- Cash +€18,185
up €18,185 (+1188.6%), from €1,530 to €19,715
mainly Net result for the year (+€20,058) and Other debts (+€3,121)
- Reserves +€20,058
up €20,058 (+20.9%), from €95,898 to €115,955
- Financial income -€34,961
down €34,961 (-99.4%), from €35,188 to €227
- Taxes +€1,377
up €1,377 (+21.2%), from €6,504 to €7,881
- Gross operating margin -€514
down €514 (-1.8%), from €29,070 to €28,556
- Financial charges -€390
down €390 (-65.1%), from €598 to €209
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 | €305,873 | €325,662 | +€19,790 | +6.5% |
| Fixed assets | 21/28 | €300,146 | €300,146 | = | 0.0% |
| Financial fixed assets | 28 | €300,146 | €300,146 | = | 0.0% |
| Current assets | 29/58 | €5,727 | €25,516 | +€19,790 | +345.6% |
| Amounts receivable within one year | 40/41 | €3,286 | €4,120 | +€834 | +25.4% |
| Trade receivables | 40 | €3,092 | €3,786 | +€695 | +22.5% |
| Other amounts receivable | 41 | €194 | €334 | +€140 | +72.1% |
| Cash at bank and in hand | 54/58 | €1,530 | €19,715 | +€18,185 | +1188.6% |
| Deferred charges and accrued income | 490/1 | €911 | €1,681 | +€770 | +84.5% |
| Total equity and liabilities | 10/49 | €305,873 | €325,662 | +€19,790 | +6.5% |
| Equity | 10/15 | €293,075 | €313,133 | +€20,058 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,898 | €115,955 | +€20,058 | +20.9% |
| Distributable reserves | 133 | €95,898 | €115,955 | +€20,058 | +20.9% |
| Profit (loss) carried forward | 14 | €190,978 | €190,978 | = | 0.0% |
| Amounts payable | 17/49 | €12,797 | €12,529 | -€268 | -2.1% |
| Amounts payable within one year | 42/48 | €12,797 | €12,529 | -€268 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €1,943 | - | -€1,943 | |
| Trade debts | 44 | €2,366 | €1,604 | -€762 | -32.2% |
| Suppliers | 440/4 | €2,366 | €1,604 | -€762 | -32.2% |
| Taxes, remuneration and social security | 45 | €6,427 | €5,742 | -€684 | -10.6% |
| Taxes | 450/3 | €4,595 | €5,742 | +€1,147 | +25.0% |
| Remuneration and social security | 454/9 | €1,832 | - | -€1,832 | |
| Other amounts payable | 47/48 | €2,062 | €5,183 | +€3,121 | +151.4% |
| Other operating charges | 640/8 | €640 | €636 | -€4 | -0.7% |
| Gross operating margin | 9900 | €29,070 | €28,556 | -€514 | -1.8% |
| Operating profit (loss) | 9901 | €28,430 | €27,920 | -€510 | -1.8% |
| Financial income | 75/76B | €35,188 | €227 | -€34,961 | -99.4% |
| Recurring financial income | 75 | €35,188 | €227 | -€34,961 | -99.4% |
| Financial charges | 65/66B | €598 | €209 | -€390 | -65.1% |
| Recurring financial charges | 65 | €598 | €209 | -€390 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €63,019 | €27,938 | -€35,081 | -55.7% |
| Income taxes | 67/77 | €6,504 | €7,881 | +€1,377 | +21.2% |
| Profit (loss) for the period | 9904 | €56,515 | €20,058 | -€36,458 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,515 | €20,058 | -€36,458 | -64.5% |
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 8 October 2026 via checked.be.