RSD CONSTRUCTIONS: 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.
RSD CONSTRUCTIONS
Largest movements
- Cash -€84,042
down €84,042 (-60.7%), from €138,454 to €54,412
mainly Other debts (-€60,000) and Receivables within one year (-€27,099)
- Receivables within one year +€27,099
up €27,099 (+25.6%), from €105,843 to €132,941
of which Other amounts receivable: +€35,095
- Other debts -€60,000
no longer reported in 2024 (was €60,000)
- Profit (loss) carried forward +€14,739
up €14,739 (+11.5%), from €127,995 to €142,734
- Trade debts -€11,683
down €11,683 (-34.4%), from €33,978 to €22,295
- Gross operating margin -€131,204
down €131,204 (-88.9%), from €147,509 to €16,305
- Taxes -€13,860
no longer reported in 2024 (was €13,860)
- Financial charges +€3,796
up €3,796 (+633.3%), from €599 to €4,396
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,137 | €189,193 | -€56,944 | -23.1% |
| Fixed assets | 21/28 | €1,840 | €1,840 | = | 0.0% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €244,297 | €187,353 | -€56,944 | -23.3% |
| Amounts receivable within one year | 40/41 | €105,843 | €132,941 | +€27,099 | +25.6% |
| Trade receivables | 40 | €48,817 | €40,820 | -€7,997 | -16.4% |
| Other amounts receivable | 41 | €57,026 | €92,121 | +€35,095 | +61.5% |
| Cash at bank and in hand | 54/58 | €138,454 | €54,412 | -€84,042 | -60.7% |
| Total equity and liabilities | 10/49 | €246,137 | €189,193 | -€56,944 | -23.1% |
| Equity | 10/15 | €152,159 | €166,898 | +€14,739 | +9.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,164 | €20,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,164 | €20,164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,164 | €20,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,995 | €142,734 | +€14,739 | +11.5% |
| Amounts payable | 17/49 | €93,978 | €22,295 | -€71,683 | -76.3% |
| Amounts payable within one year | 42/48 | €93,978 | €22,295 | -€71,683 | -76.3% |
| Trade debts | 44 | €33,978 | €22,295 | -€11,683 | -34.4% |
| Suppliers | 440/4 | €33,978 | €22,295 | -€11,683 | -34.4% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | - | -€682 | |
| Gross operating margin | 9900 | €147,509 | €16,305 | -€131,204 | -88.9% |
| Operating profit (loss) | 9901 | €146,828 | €16,305 | -€130,522 | -88.9% |
| Financial income | 75/76B | €1,790 | €2,829 | +€1,039 | +58.1% |
| Recurring financial income | 75 | €1,790 | €2,829 | +€1,039 | +58.1% |
| Financial charges | 65/66B | €599 | €4,396 | +€3,796 | +633.3% |
| Recurring financial charges | 65 | €599 | €4,396 | +€3,796 | +633.3% |
| Profit (loss) for the period before taxes | 9903 | €148,018 | €14,739 | -€133,279 | -90.0% |
| Income taxes | 67/77 | €13,860 | - | -€13,860 | |
| Profit (loss) for the period | 9904 | €134,158 | €14,739 | -€119,418 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,158 | €14,739 | -€119,418 | -89.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.