S & R 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.
S & R CONSTRUCTION
Largest movements
- Cash +€43,706
up €43,706 (+261%), from €16,722 to €60,428
mainly Other debts (+€33,394) and Trade debts (+€20,507)
- Receivables within one year +€25,323
up €25,323 (+54.1%), from €46,794 to €72,117
of which Trade receivables: +€24,684
- Other debts +€33,394
up €33,394 (+1,444%), from €2,313 to €35,707
- Trade debts +€20,507
up €20,507 (+677%), from €3,030 to €23,538
- Tax, wage and social debts +€18,845
up €18,845 (+63.5%), from €29,675 to €48,521
of which Taxes: +€14,268
- Profit (loss) carried forward -€3,419
down €3,419 (-10.2%), from -€33,552 to -€36,972
- Gross operating margin +€58,749
up €58,749, from -€6,780 to €51,969
- Staff costs +€8,078
up €8,078 (+29.7%), from €27,169 to €35,247
- Taxes +€7,812
up €7,812 (+82.0%), from €9,531 to €17,343
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.
Derived cash bridge
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 | €64,938 | €134,105 | +€69,167 | +107% |
| Fixed assets | 21/28 | €700 | €1,000 | +€300 | +42.9% |
| Financial fixed assets | 28 | €700 | €1,000 | +€300 | +42.9% |
| Current assets | 29/58 | €64,238 | €133,105 | +€68,867 | +107% |
| Amounts receivable within one year | 40/41 | €46,794 | €72,117 | +€25,323 | +54.1% |
| Trade receivables | 40 | €45,729 | €70,413 | +€24,684 | +54.0% |
| Other amounts receivable | 41 | €1,065 | €1,704 | +€639 | +60.0% |
| Cash at bank and in hand | 54/58 | €16,722 | €60,428 | +€43,706 | +261% |
| Deferred charges and accrued income | 490/1 | €722 | €560 | -€162 | -22.4% |
| Total equity and liabilities | 10/49 | €64,938 | €134,105 | +€69,167 | +107% |
| Equity | 10/15 | €22,448 | €19,028 | -€3,419 | -15.2% |
| Reserves | 13 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €56,000 | €56,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,552 | -€36,972 | -€3,419 | -10.2% |
| Amounts payable | 17/49 | €42,490 | €115,077 | +€72,587 | +171% |
| Amounts payable within one year | 42/48 | €42,490 | €115,077 | +€72,587 | +171% |
| Financial debts | 43 | €7,472 | €7,312 | -€160 | -2.1% |
| Credit institutions | 430/8 | €7,472 | €7,312 | -€160 | -2.1% |
| Trade debts | 44 | €3,030 | €23,538 | +€20,507 | +677% |
| Suppliers | 440/4 | €3,030 | €23,538 | +€20,507 | +677% |
| Taxes, remuneration and social security | 45 | €29,675 | €48,521 | +€18,845 | +63.5% |
| Taxes | 450/3 | €12,339 | €26,607 | +€14,268 | +116% |
| Remuneration and social security | 454/9 | €17,337 | €21,914 | +€4,578 | +26.4% |
| Other amounts payable | 47/48 | €2,313 | €35,707 | +€33,394 | +1,444% |
| Remuneration, social security and pensions | 62 | €27,169 | €35,247 | +€8,078 | +29.7% |
| Other operating charges | 640/8 | €1,705 | €1,367 | -€338 | -19.8% |
| Non-recurring operating charges | 66A | €115 | €399 | +€284 | +248% |
| Gross operating margin | 9900 | -€6,780 | €51,969 | +€58,749 | |
| Operating profit (loss) | 9901 | -€35,768 | €14,956 | +€50,725 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €588 | €1,032 | +€445 | +75.6% |
| Recurring financial charges | 65 | €588 | €1,032 | +€445 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,355 | €13,924 | +€50,279 | |
| Income taxes | 67/77 | €9,531 | €17,343 | +€7,812 | +82.0% |
| Profit (loss) for the period | 9904 | -€45,886 | -€3,419 | +€42,467 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,886 | -€3,419 | +€42,467 | +92.5% |
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 26 October 2026 via checked.be.