RSDS 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.
RSDS CONSTRUCTION
Largest movements
- Tangible fixed assets -€17,100
down €17,100 (-37.9%), from €45,167 to €28,068
of which Plant, machinery and equipment: -€15,641
- Cash -€1,649
down €1,649 (-9.2%), from €17,929 to €16,279
mainly Net result for the year (-€21,017) and Investment in fixed assets (net) (-€4,331)
- Receivables within one year -€1,577
down €1,577 (-29.1%), from €5,423 to €3,847
of which Trade receivables: -€1,720
- Deferred charges and accrued income -€845
down €845 (-100.0%), from €845 to €0
- Profit (loss) carried forward -€21,017
down €21,017, from €161 to -€20,855
- Trade debts +€1,275
up €1,275 (+84.3%), from €1,513 to €2,787
- Other debts -€1,037
down €1,037 (-1.6%), from €65,859 to €64,822
- Staff costs +€14,805
up €14,805 (+25.5%), from €57,980 to €72,785
- Gross operating margin -€7,624
down €7,624 (-9.3%), from €81,779 to €74,155
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 | €72,520 | €51,628 | -€20,892 | -28.8% |
| Fixed assets | 21/28 | €45,167 | €28,068 | -€17,100 | -37.9% |
| Tangible fixed assets | 22/27 | €45,167 | €28,068 | -€17,100 | -37.9% |
| Land and buildings | 22 | €1,992 | €1,453 | -€539 | -27.1% |
| Plant, machinery and equipment | 23 | €41,283 | €25,641 | -€15,641 | -37.9% |
| Furniture and vehicles | 24 | €1,893 | €974 | -€919 | -48.6% |
| Current assets | 29/58 | €27,353 | €23,560 | -€3,792 | -13.9% |
| Stocks and contracts in progress | 3 | €3,155 | €3,434 | +€279 | +8.8% |
| Stocks | 30/36 | €3,155 | €3,434 | +€279 | +8.8% |
| Amounts receivable within one year | 40/41 | €5,423 | €3,847 | -€1,577 | -29.1% |
| Trade receivables | 40 | €2,717 | €996 | -€1,720 | -63.3% |
| Other amounts receivable | 41 | €2,707 | €2,850 | +€144 | +5.3% |
| Cash at bank and in hand | 54/58 | €17,929 | €16,279 | -€1,649 | -9.2% |
| Deferred charges and accrued income | 490/1 | €845 | €0 | -€845 | -100.0% |
| Total equity and liabilities | 10/49 | €72,520 | €51,628 | -€20,892 | -28.8% |
| Equity | 10/15 | €1,161 | -€19,855 | -€21,017 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161 | -€20,855 | -€21,017 | |
| Amounts payable | 17/49 | €71,359 | €71,483 | +€125 | +0.2% |
| Amounts payable within one year | 42/48 | €71,359 | €71,483 | +€125 | +0.2% |
| Trade debts | 44 | €1,513 | €2,787 | +€1,275 | +84.3% |
| Suppliers | 440/4 | €1,513 | €2,787 | +€1,275 | +84.3% |
| Taxes, remuneration and social security | 45 | €3,987 | €3,874 | -€113 | -2.8% |
| Taxes | 450/3 | €400 | €344 | -€56 | -14.0% |
| Remuneration and social security | 454/9 | €3,587 | €3,530 | -€57 | -1.6% |
| Other amounts payable | 47/48 | €65,859 | €64,822 | -€1,037 | -1.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €57,980 | €72,785 | +€14,805 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,015 | €21,431 | +€416 | +2.0% |
| Other operating charges | 640/8 | €1,207 | €737 | -€470 | -39.0% |
| Gross operating margin | 9900 | €81,779 | €74,155 | -€7,624 | -9.3% |
| Operating profit (loss) | 9901 | €1,577 | -€20,797 | -€22,375 | |
| Financial income | 75/76B | €127 | €34 | -€93 | -73.1% |
| Recurring financial income | 75 | €127 | €34 | -€93 | -73.1% |
| Financial charges | 65/66B | €674 | €253 | -€421 | -62.4% |
| Recurring financial charges | 65 | €674 | €253 | -€421 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €1,030 | -€21,017 | -€22,046 | |
| Income taxes | 67/77 | €335 | €0 | -€335 | -100.0% |
| Profit (loss) for the period | 9904 | €695 | -€21,017 | -€21,712 | |
| Profit (loss) for the period to be appropriated | 9905 | €695 | -€21,017 | -€21,712 |
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 12 October 2026 via checked.be.