RZ CONSTRUCT: 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.
RZ CONSTRUCT
Largest movements
- Receivables within one year -€14,354
down €14,354 (-27.9%), from €51,449 to €37,096
of which Trade receivables: -€21,657
- Tangible fixed assets +€662
new in 2025: €662
- Cash +€603
up €603 (+35.0%), from €1,722 to €2,325
mainly Receivables within one year (+€14,354) and Trade debts (+€2,999)
- Profit (loss) carried forward -€11,168
down €11,168 (-34.2%), from €32,676 to €21,508
- Tax, wage and social debts -€5,286
down €5,286 (-67.3%), from €7,853 to €2,567
of which Taxes: -€3,876
- Trade debts +€2,999
up €2,999 (+37.2%), from €8,051 to €11,049
- Gross operating margin -€7,777
down €7,777, from €5,703 to -€2,074
- Financial charges +€7,193
up €7,193 (+1,442%), from €499 to €7,692
- Taxes -€977
no longer reported in 2025 (was €977)
- Depreciation +€362
new in 2025: €362
- Other operating charges -€280
down €280 (-21.2%), from €1,321 to €1,041
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 | €53,580 | €40,124 | -€13,456 | -25.1% |
| Fixed assets | 21/28 | - | €662 | +€662 | |
| Tangible fixed assets | 22/27 | - | €662 | +€662 | |
| Plant, machinery and equipment | 23 | - | €662 | +€662 | |
| Current assets | 29/58 | €53,580 | €39,462 | -€14,118 | -26.3% |
| Amounts receivable within one year | 40/41 | €51,449 | €37,096 | -€14,354 | -27.9% |
| Trade receivables | 40 | €43,512 | €21,855 | -€21,657 | -49.8% |
| Other amounts receivable | 41 | €7,938 | €15,241 | +€7,303 | +92.0% |
| Cash at bank and in hand | 54/58 | €1,722 | €2,325 | +€603 | +35.0% |
| Deferred charges and accrued income | 490/1 | €409 | €41 | -€367 | -89.9% |
| Total equity and liabilities | 10/49 | €53,580 | €40,124 | -€13,456 | -25.1% |
| Equity | 10/15 | €37,676 | €26,508 | -€11,168 | -29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,676 | €21,508 | -€11,168 | -34.2% |
| Amounts payable | 17/49 | €15,904 | €13,616 | -€2,288 | -14.4% |
| Amounts payable within one year | 42/48 | €15,904 | €13,616 | -€2,288 | -14.4% |
| Trade debts | 44 | €8,051 | €11,049 | +€2,999 | +37.2% |
| Suppliers | 440/4 | €8,051 | €11,049 | +€2,999 | +37.2% |
| Taxes, remuneration and social security | 45 | €7,853 | €2,567 | -€5,286 | -67.3% |
| Taxes | 450/3 | €4,853 | €977 | -€3,876 | -79.9% |
| Remuneration and social security | 454/9 | €3,000 | €1,590 | -€1,410 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €362 | +€362 | |
| Other operating charges | 640/8 | €1,321 | €1,041 | -€280 | -21.2% |
| Gross operating margin | 9900 | €5,703 | -€2,074 | -€7,777 | |
| Operating profit (loss) | 9901 | €4,383 | -€3,477 | -€7,860 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €499 | €7,692 | +€7,193 | +1,442% |
| Recurring financial charges | 65 | €499 | €7,692 | +€7,193 | +1,442% |
| Profit (loss) for the period before taxes | 9903 | €3,884 | -€11,168 | -€15,052 | |
| Income taxes | 67/77 | €977 | - | -€977 | |
| Profit (loss) for the period | 9904 | €2,907 | -€11,168 | -€14,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,907 | -€11,168 | -€14,075 |
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 29 October 2026 via checked.be.