RSL 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.
RSL CONSTRUCT
Largest movements
- Stocks and contracts +€2.1m
up €2.1m (+63.1%), from €3.3m to €5.4m
of which Stocks: +€2.1m
- Deferred charges and accrued income +€529,257
up €529,257 (+523.3%), from €101,139 to €630,396
- Receivables within one year +€199,129
up €199,129 (+224.8%), from €88,578 to €287,706
of which Trade receivables: +€263,488
- Cash +€116,699
up €116,699 (+297.6%), from €39,209 to €155,909
mainly Debts after one year (+€2.6m) and Accrued charges and deferred income (+€293,632)
- Debts after one year +€2.6m
up €2.6m (+90.7%), from €2.8m to €5.4m
- Accrued charges and deferred income +€293,632
up €293,632 (+267.0%), from €109,958 to €403,590
- Trade debts +€97,874
up €97,874 (+17.6%), from €555,365 to €653,240
- Purchases and services -€2.5m
down €2.5m (-59.1%), from €4.2m to €1.7m
- Financial charges +€19,041
up €19,041 (+459.0%), from €4,148 to €23,189
- Other operating charges -€1,394
down €1,394 (-62.8%), from €2,219 to €825
- Gross operating margin -€79
down €79 (-1.3%), from €5,971 to €5,892
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 | €3,564,471 | €6,513,803 | +€2.9m | +82.7% |
| Current assets | 29/58 | €3,564,471 | €6,513,803 | +€2.9m | +82.7% |
| Stocks and contracts in progress | 3 | €3,335,545 | €5,439,792 | +€2.1m | +63.1% |
| Stocks | 30/36 | €3,335,545 | €5,439,792 | +€2.1m | +63.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €88,578 | €287,706 | +€199,129 | +224.8% |
| Trade receivables | 40 | €1,423 | €264,911 | +€263,488 | +18510.9% |
| Other amounts receivable | 41 | €87,154 | €22,795 | -€64,359 | -73.8% |
| Cash at bank and in hand | 54/58 | €39,209 | €155,909 | +€116,699 | +297.6% |
| Deferred charges and accrued income | 490/1 | €101,139 | €630,396 | +€529,257 | +523.3% |
| Total equity and liabilities | 10/49 | €3,564,471 | €6,513,803 | +€2.9m | +82.7% |
| Equity | 10/15 | €56,696 | €38,573 | -€18,122 | -32.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,805 | -€22,927 | -€18,122 | -377.2% |
| Amounts payable | 17/49 | €3,507,776 | €6,475,229 | +€3.0m | +84.6% |
| Amounts payable after more than one year | 17 | €2,830,000 | €5,397,000 | +€2.6m | +90.7% |
| Financial debts | 170/4 | €2,830,000 | €5,397,000 | +€2.6m | +90.7% |
| Amounts payable within one year | 42/48 | €567,818 | €674,640 | +€106,822 | +18.8% |
| Financial debts | 43 | €4,100 | €0 | -€4,100 | -100.0% |
| Credit institutions | 430/8 | €4,100 | €0 | -€4,100 | -100.0% |
| Trade debts | 44 | €555,365 | €653,240 | +€97,874 | +17.6% |
| Suppliers | 440/4 | €555,365 | €653,240 | +€97,874 | +17.6% |
| Advances received on contracts in progress | 46 | - | €13,047 | +€13,047 | |
| Other amounts payable | 47/48 | €8,353 | €8,353 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €109,958 | €403,590 | +€293,632 | +267.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,191,636 | €1,715,885 | -€2.5m | -59.1% |
| Other operating charges | 640/8 | €2,219 | €825 | -€1,394 | -62.8% |
| Gross operating margin | 9900 | €5,971 | €5,892 | -€79 | -1.3% |
| Operating profit (loss) | 9901 | €3,751 | €5,067 | +€1,316 | +35.1% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.8% |
| Financial charges | 65/66B | €4,148 | €23,189 | +€19,041 | +459.0% |
| Recurring financial charges | 65 | €4,148 | €23,189 | +€19,041 | +459.0% |
| Profit (loss) for the period before taxes | 9903 | -€392 | -€18,122 | -€17,730 | -4522.9% |
| Profit (loss) for the period | 9904 | -€392 | -€18,122 | -€17,730 | -4522.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€392 | -€18,122 | -€17,730 | -4522.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.