RSC 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.
RSC CONSTRUCT
Largest movements
- Receivables after one year +€109,539
new in 2025: €109,539
- Stocks and contracts -€109,539
down €109,539 (-54.0%), from €203,000 to €93,462
- Tangible fixed assets +€24,971
up €24,971 (+169.2%), from €14,762 to €39,733
of which Furniture and vehicles: +€22,690
- Receivables within one year +€20,570
up €20,570 (+45.9%), from €44,783 to €65,354
of which Trade receivables: +€26,974
- Cash -€5,398
down €5,398 (-16.6%), from €32,505 to €27,107
mainly Receivables after one year (-€109,539) and Trade debts (-€38,666)
- Trade debts -€38,666
down €38,666 (-18.3%), from €211,379 to €172,713
- Other debts +€30,001
up €30,001 (+71.2%), from €42,114 to €72,116
- Profit (loss) carried forward +€19,260
up €19,260, from -€2,803 to €16,457
- Debts after one year +€18,006
new in 2025: €18,006
- Short-term financial debts +€10,000
new in 2025: €10,000
- Gross operating margin +€15,930
up €15,930 (+82.0%), from €19,436 to €35,366
- Depreciation +€2,577
up €2,577 (+75.1%), from €3,432 to €6,008
- Taxes +€2,139
up €2,139 (+52.0%), from €4,115 to €6,254
- Financial charges +€1,584
up €1,584 (+105.5%), from €1,501 to €3,085
- Financial income -€1,534
down €1,534 (-100.0%), from €1,534 to €0
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 | €295,550 | €335,694 | +€40,144 | +13.6% |
| Fixed assets | 21/28 | €15,262 | €40,233 | +€24,971 | +163.6% |
| Tangible fixed assets | 22/27 | €14,762 | €39,733 | +€24,971 | +169.2% |
| Plant, machinery and equipment | 23 | €3,367 | €5,648 | +€2,281 | +67.8% |
| Furniture and vehicles | 24 | €11,395 | €34,085 | +€22,690 | +199.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €280,288 | €295,461 | +€15,173 | +5.4% |
| Amounts receivable after more than one year | 29 | - | €109,539 | +€109,539 | |
| Trade receivables | 290 | - | €109,539 | +€109,539 | |
| Stocks and contracts in progress | 3 | €203,000 | €93,462 | -€109,539 | -54.0% |
| Contracts in progress | 37 | €203,000 | €93,462 | -€109,539 | -54.0% |
| Amounts receivable within one year | 40/41 | €44,783 | €65,354 | +€20,570 | +45.9% |
| Trade receivables | 40 | €25,336 | €52,310 | +€26,974 | +106.5% |
| Other amounts receivable | 41 | €19,447 | €13,044 | -€6,404 | -32.9% |
| Cash at bank and in hand | 54/58 | €32,505 | €27,107 | -€5,398 | -16.6% |
| Total equity and liabilities | 10/49 | €295,550 | €335,694 | +€40,144 | +13.6% |
| Equity | 10/15 | €29,817 | €49,077 | +€19,260 | +64.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,620 | €27,620 | = | 0.0% |
| Distributable reserves | 133 | €27,620 | €27,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,803 | €16,457 | +€19,260 | |
| Amounts payable | 17/49 | €265,733 | €286,617 | +€20,883 | +7.9% |
| Amounts payable after more than one year | 17 | - | €18,006 | +€18,006 | |
| Financial debts | 170/4 | - | €18,006 | +€18,006 | |
| Amounts payable within one year | 42/48 | €265,733 | €268,611 | +€2,877 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,287 | +€1,287 | |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €211,379 | €172,713 | -€38,666 | -18.3% |
| Suppliers | 440/4 | €211,379 | €172,713 | -€38,666 | -18.3% |
| Advances received on contracts in progress | 46 | €2,000 | €0 | -€2,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,240 | €12,495 | +€2,255 | +22.0% |
| Taxes | 450/3 | €6,622 | €7,706 | +€1,083 | +16.4% |
| Remuneration and social security | 454/9 | €3,618 | €4,789 | +€1,171 | +32.4% |
| Other amounts payable | 47/48 | €42,114 | €72,116 | +€30,001 | +71.2% |
| Non-recurring operating income | 76A | €2,255 | €0 | -€2,255 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,432 | €6,008 | +€2,577 | +75.1% |
| Other operating charges | 640/8 | €572 | €758 | +€186 | +32.5% |
| Gross operating margin | 9900 | €19,436 | €35,366 | +€15,930 | +82.0% |
| Operating profit (loss) | 9901 | €15,432 | €28,600 | +€13,167 | +85.3% |
| Financial income | 75/76B | €1,534 | €0 | -€1,534 | -100.0% |
| Recurring financial income | 75 | €1,534 | €0 | -€1,534 | -100.0% |
| Financial charges | 65/66B | €1,501 | €3,085 | +€1,584 | +105.5% |
| Recurring financial charges | 65 | €1,501 | €3,085 | +€1,584 | +105.5% |
| Profit (loss) for the period before taxes | 9903 | €15,465 | €25,515 | +€10,049 | +65.0% |
| Income taxes | 67/77 | €4,115 | €6,254 | +€2,139 | +52.0% |
| Profit (loss) for the period | 9904 | €11,350 | €19,260 | +€7,910 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,350 | €19,260 | +€7,910 | +69.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.