RC 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.
RC CONSTRUCT
Largest movements
- Cash -€85,850
down €85,850 (-66.0%), from €130,012 to €44,162
mainly Contributions, distributions and other (-€104,804) and Debts after one year (-€74,770)
- Receivables after one year -€60,000
down €60,000 (-18.1%), from €331,000 to €271,000
- Tangible fixed assets -€39,993
down €39,993 (-17.8%), from €224,327 to €184,334
of which Other tangible fixed assets: -€29,788
- Reserves -€91,092
down €91,092 (-17.1%), from €532,025 to €440,933
- Debts after one year -€74,770
down €74,770 (-19.4%), from €385,861 to €311,091
- Advances received -€26,367
down €26,367 (-54.3%), from €48,550 to €22,183
- Gross operating margin -€18,817
down €18,817 (-16.6%), from €113,431 to €94,614
- Financial charges +€4,904
up €4,904 (+29.5%), from €16,640 to €21,544
- Depreciation +€1,655
up €1,655 (+4.4%), from €37,427 to €39,082
- Taxes -€1,198
down €1,198 (-6.7%), from €17,770 to €16,572
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 | €1,096,121 | €899,661 | -€196,460 | -17.9% |
| Fixed assets | 21/28 | €482,080 | €442,087 | -€39,993 | -8.3% |
| Tangible fixed assets | 22/27 | €224,327 | €184,334 | -€39,993 | -17.8% |
| Land and buildings | 22 | €39,900 | €33,250 | -€6,650 | -16.7% |
| Furniture and vehicles | 24 | €10,113 | €6,558 | -€3,555 | -35.2% |
| Other tangible fixed assets | 26 | €174,314 | €144,526 | -€29,788 | -17.1% |
| Financial fixed assets | 28 | €257,753 | €257,753 | = | 0.0% |
| Current assets | 29/58 | €614,041 | €457,574 | -€156,467 | -25.5% |
| Amounts receivable after more than one year | 29 | €331,000 | €271,000 | -€60,000 | -18.1% |
| Other amounts receivable | 291 | €331,000 | €271,000 | -€60,000 | -18.1% |
| Amounts receivable within one year | 40/41 | €144,164 | €133,540 | -€10,624 | -7.4% |
| Trade receivables | 40 | €16,018 | €15,615 | -€403 | -2.5% |
| Other amounts receivable | 41 | €128,146 | €117,925 | -€10,221 | -8.0% |
| Current investments | 50/53 | €6,132 | €6,132 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,012 | €44,162 | -€85,850 | -66.0% |
| Deferred charges and accrued income | 490/1 | €2,733 | €2,740 | +€7 | +0.3% |
| Total equity and liabilities | 10/49 | €1,096,121 | €899,661 | -€196,460 | -17.9% |
| Equity | 10/15 | €532,125 | €441,033 | -€91,092 | -17.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €532,025 | €440,933 | -€91,092 | -17.1% |
| Distributable reserves | 133 | €532,025 | €440,933 | -€91,092 | -17.1% |
| Amounts payable | 17/49 | €563,996 | €458,628 | -€105,368 | -18.7% |
| Amounts payable after more than one year | 17 | €385,861 | €311,091 | -€74,770 | -19.4% |
| Financial debts | 170/4 | €385,861 | €311,091 | -€74,770 | -19.4% |
| Amounts payable within one year | 42/48 | €178,135 | €147,537 | -€30,598 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €79,200 | €77,700 | -€1,500 | -1.9% |
| Financial debts | 43 | €2,703 | €2,693 | -€10 | -0.4% |
| Credit institutions | 430/8 | €2,703 | €2,693 | -€10 | -0.4% |
| Trade debts | 44 | €2,567 | €2,269 | -€298 | -11.6% |
| Suppliers | 440/4 | €2,567 | €2,269 | -€298 | -11.6% |
| Advances received on contracts in progress | 46 | €48,550 | €22,183 | -€26,367 | -54.3% |
| Taxes, remuneration and social security | 45 | €45,115 | €42,692 | -€2,423 | -5.4% |
| Taxes | 450/3 | €45,115 | €42,692 | -€2,423 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,427 | €39,082 | +€1,655 | +4.4% |
| Other operating charges | 640/8 | €2,295 | €2,793 | +€498 | +21.7% |
| Non-recurring operating charges | 66A | €1,288 | €911 | -€377 | -29.3% |
| Gross operating margin | 9900 | €113,431 | €94,614 | -€18,817 | -16.6% |
| Operating profit (loss) | 9901 | €72,421 | €51,828 | -€20,593 | -28.4% |
| Financial charges | 65/66B | €16,640 | €21,544 | +€4,904 | +29.5% |
| Recurring financial charges | 65 | €16,640 | €21,544 | +€4,904 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €55,781 | €30,284 | -€25,497 | -45.7% |
| Income taxes | 67/77 | €17,770 | €16,572 | -€1,198 | -6.7% |
| Profit (loss) for the period | 9904 | €38,011 | €13,712 | -€24,299 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,011 | €13,712 | -€24,299 | -63.9% |
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 22 October 2026 via checked.be.