For every construction of the reals, we define a real number to be some kind of set of rational numbers (such as cuts or sequences).
However, the number of symbols we have to formulate the description of a set is finite (analytic functions, infinite sums, etc), and I assume sets can only be defined as finite strings of logical symbols.
Every number I can think of, including transcendentals, and even the Chaitin Constant, can be described as such.
Where is the fallacy in saying, then, that the real numbers are countable (as, for instance, well defined cuts seem to be)?
The number of describable numbers is countable. But there are some real numbers you cannot write a formula for.
Also, describable numbers is an ill defined concept. You get contradictions along the lines of "the smallest number not describable in less than eleven words." So you have to specify what is an allowable formula. Maybe something like: $x$ is describable if $P(x)$ is a proposition in standard set theory for which it can be proven, using the standard axioms, that there exists a unique real number for which $P(x)$ holds.