RSCONSTRUCT: 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.
RSCONSTRUCT
Largest movements
- Financial fixed assets +€232,500
new in 2025: €232,500
- Tangible fixed assets +€80,498
up €80,498 (+87.8%), from €91,646 to €172,144
of which Furniture and vehicles: +€84,294
- Receivables within one year +€16,085
up €16,085 (+43.6%), from €36,880 to €52,965
of which Trade receivables: +€10,996
- Trade debts +€138,224
up €138,224 (+5764.1%), from €2,398 to €140,622
- Debts after one year +€127,237
new in 2025: €127,237
- Reserves +€47,094
up €47,094 (+17.9%), from €262,408 to €309,502
- Current portion of long-term debt +€19,562
new in 2025: €19,562
- Gross operating margin +€25,049
up €25,049 (+30.7%), from €81,644 to €106,693
- Taxes +€8,907
up €8,907 (+56.6%), from €15,729 to €24,636
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 | €294,212 | €629,831 | +€335,619 | +114.1% |
| Fixed assets | 21/28 | €91,646 | €404,644 | +€312,998 | +341.5% |
| Tangible fixed assets | 22/27 | €91,646 | €172,144 | +€80,498 | +87.8% |
| Land and buildings | 22 | €2,457 | €1,638 | -€819 | -33.3% |
| Plant, machinery and equipment | 23 | €5,970 | €2,993 | -€2,977 | -49.9% |
| Furniture and vehicles | 24 | €83,219 | €167,513 | +€84,294 | +101.3% |
| Financial fixed assets | 28 | - | €232,500 | +€232,500 | |
| Current assets | 29/58 | €202,566 | €225,187 | +€22,621 | +11.2% |
| Amounts receivable after more than one year | 29 | - | €5,777 | +€5,777 | |
| Other amounts receivable | 291 | - | €5,777 | +€5,777 | |
| Amounts receivable within one year | 40/41 | €36,880 | €52,965 | +€16,085 | +43.6% |
| Trade receivables | 40 | €36,880 | €47,876 | +€10,996 | +29.8% |
| Other amounts receivable | 41 | - | €5,089 | +€5,089 | |
| Cash at bank and in hand | 54/58 | €162,641 | €162,683 | +€42 | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,045 | €3,762 | +€717 | +23.5% |
| Total equity and liabilities | 10/49 | €294,212 | €629,831 | +€335,619 | +114.1% |
| Equity | 10/15 | €284,642 | €331,736 | +€47,094 | +16.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €262,408 | €309,502 | +€47,094 | +17.9% |
| Distributable reserves | 133 | €262,408 | €309,502 | +€47,094 | +17.9% |
| Profit (loss) carried forward | 14 | €3,484 | €3,484 | = | 0.0% |
| Amounts payable | 17/49 | €9,570 | €298,095 | +€288,525 | +3014.9% |
| Amounts payable after more than one year | 17 | - | €127,237 | +€127,237 | |
| Financial debts | 170/4 | - | €127,237 | +€127,237 | |
| Amounts payable within one year | 42/48 | €9,570 | €170,858 | +€161,288 | +1685.4% |
| Current portion of amounts payable after more than one year | 42 | - | €19,562 | +€19,562 | |
| Trade debts | 44 | €2,398 | €140,622 | +€138,224 | +5764.1% |
| Suppliers | 440/4 | €2,398 | €140,622 | +€138,224 | +5764.1% |
| Taxes, remuneration and social security | 45 | €6,134 | €9,636 | +€3,502 | +57.1% |
| Taxes | 450/3 | €6,134 | €9,636 | +€3,502 | +57.1% |
| Other amounts payable | 47/48 | €1,038 | €1,038 | = | 0.0% |
| Non-recurring operating income | 76A | €2,670 | - | -€2,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,684 | €32,651 | -€1,033 | -3.1% |
| Other operating charges | 640/8 | €1,164 | €1,300 | +€136 | +11.7% |
| Gross operating margin | 9900 | €81,644 | €106,693 | +€25,049 | +30.7% |
| Operating profit (loss) | 9901 | €46,796 | €72,742 | +€25,946 | +55.4% |
| Financial income | 75/76B | €42 | €64 | +€22 | +52.4% |
| Recurring financial income | 75 | €42 | €64 | +€22 | +52.4% |
| Financial charges | 65/66B | €42 | €1,076 | +€1,034 | +2461.9% |
| Recurring financial charges | 65 | €42 | €1,076 | +€1,034 | +2461.9% |
| Profit (loss) for the period before taxes | 9903 | €46,796 | €71,730 | +€24,934 | +53.3% |
| Income taxes | 67/77 | €15,729 | €24,636 | +€8,907 | +56.6% |
| Profit (loss) for the period | 9904 | €31,067 | €47,094 | +€16,027 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,067 | €47,094 | +€16,027 | +51.6% |
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 9 October 2026 via checked.be.