AJ RENOV 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.
AJ RENOV CONSTRUCT
Largest movements
- Receivables within one year +€12,552
up €12,552 (+60.5%), from €20,748 to €33,301
of which Trade receivables: +€13,988
- Cash -€11,637
down €11,637 (-58.9%), from €19,752 to €8,115
mainly Receivables within one year (-€12,552) and Stocks and contracts (-€9,804)
- Stocks and contracts +€9,804
up €9,804 (+796.7%), from €1,231 to €11,034
- Tangible fixed assets -€2,624
down €2,624 (-70.4%), from €3,728 to €1,104
of which Plant, machinery and equipment: -€1,565
- Trade debts +€13,881
up €13,881 (+205.8%), from €6,746 to €20,627
- Other debts -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Tax, wage and social debts +€1,473
up €1,473 (+36.2%), from €4,065 to €5,538
of which Remuneration and social security: +€2,030
- Profit (loss) carried forward -€833
down €833 (-37.4%), from €2,228 to €1,394
- Gross operating margin -€17,282
down €17,282 (-38.9%), from €44,422 to €27,140
- Staff costs -€4,800
down €4,800 (-17.2%), from €27,829 to €23,029
- Depreciation -€2,877
down €2,877 (-52.3%), from €5,500 to €2,624
- Other operating charges -€1,164
down €1,164 (-45.9%), from €2,538 to €1,373
- Taxes -€620
down €620 (-61.1%), from €1,015 to €395
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 | €45,740 | €53,555 | +€7,815 | +17.1% |
| Fixed assets | 21/28 | €3,728 | €1,104 | -€2,624 | -70.4% |
| Tangible fixed assets | 22/27 | €3,728 | €1,104 | -€2,624 | -70.4% |
| Plant, machinery and equipment | 23 | €2,246 | €681 | -€1,565 | -69.7% |
| Furniture and vehicles | 24 | €1,482 | €423 | -€1,058 | -71.4% |
| Current assets | 29/58 | €42,012 | €52,450 | +€10,438 | +24.8% |
| Stocks and contracts in progress | 3 | €1,231 | €11,034 | +€9,804 | +796.7% |
| Stocks | 30/36 | €1,231 | €11,034 | +€9,804 | +796.7% |
| Amounts receivable within one year | 40/41 | €20,748 | €33,301 | +€12,552 | +60.5% |
| Trade receivables | 40 | €2,184 | €16,172 | +€13,988 | +640.5% |
| Other amounts receivable | 41 | €18,564 | €17,128 | -€1,436 | -7.7% |
| Cash at bank and in hand | 54/58 | €19,752 | €8,115 | -€11,637 | -58.9% |
| Deferred charges and accrued income | 490/1 | €281 | €0 | -€281 | -100.0% |
| Total equity and liabilities | 10/49 | €45,740 | €53,555 | +€7,815 | +17.1% |
| Equity | 10/15 | €27,436 | €26,603 | -€833 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,208 | €5,208 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,136 | €3,136 | = | 0.0% |
| Distributable reserves | 133 | €2,072 | €2,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,228 | €1,394 | -€833 | -37.4% |
| Amounts payable | 17/49 | €18,304 | €26,952 | +€8,648 | +47.2% |
| Amounts payable within one year | 42/48 | €17,811 | €26,165 | +€8,354 | +46.9% |
| Trade debts | 44 | €6,746 | €20,627 | +€13,881 | +205.8% |
| Suppliers | 440/4 | €6,746 | €20,627 | +€13,881 | +205.8% |
| Taxes, remuneration and social security | 45 | €4,065 | €5,538 | +€1,473 | +36.2% |
| Taxes | 450/3 | €2,363 | €1,806 | -€557 | -23.6% |
| Remuneration and social security | 454/9 | €1,702 | €3,732 | +€2,030 | +119.3% |
| Other amounts payable | 47/48 | €7,000 | €0 | -€7,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €494 | €787 | +€293 | +59.5% |
| Remuneration, social security and pensions | 62 | €27,829 | €23,029 | -€4,800 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,500 | €2,624 | -€2,877 | -52.3% |
| Other operating charges | 640/8 | €2,538 | €1,373 | -€1,164 | -45.9% |
| Gross operating margin | 9900 | €44,422 | €27,140 | -€17,282 | -38.9% |
| Operating profit (loss) | 9901 | €8,555 | €115 | -€8,440 | -98.7% |
| Financial charges | 65/66B | €599 | €553 | -€46 | -7.7% |
| Recurring financial charges | 65 | €599 | €553 | -€46 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €7,956 | -€438 | -€8,394 | |
| Income taxes | 67/77 | €1,015 | €395 | -€620 | -61.1% |
| Profit (loss) for the period | 9904 | €6,941 | -€833 | -€7,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,941 | -€833 | -€7,775 |
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 11 October 2026 via checked.be.