AJC RENOV: what changed
What changed
AJC RENOV
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€128,994
2023 · €158,458-€29,464
Equity
€915,067
2023 · €787,479+€127,588
Cash
€236,915
2023 · €356,347-€119,432
Balance sheet total
€1.2m
2023 · €961,145+€281,900
Largest movements
Assets
- Receivables within one year +€418,182
up €418,182 (+72.9%), from €573,245 to €991,427
of which Trade receivables: +€337,702
- Cash -€119,432
down €119,432 (-33.5%), from €356,347 to €236,915
mainly Receivables within one year (-€418,182) and Other debts (-€5,273)
Equity and liabilities
- Trade debts +€146,030
up €146,030 (+316%), from €46,258 to €192,288
- Reserves +€127,588
up €127,588 (+23.4%), from €544,624 to €672,212
of which Distributable reserves: +€128,555
- Tax, wage and social debts +€17,135
up €17,135 (+16.5%), from €104,008 to €121,143
of which Taxes: +€36,061
Income statement
- Purchases and services -€280,771
down €280,771 (-22.4%), from €1.3m to €974,935
- Staff costs +€71,567
up €71,567 (+24.9%), from €287,985 to €359,552
- Turnover +€45,107
up €45,107 (+2.5%), from €1.8m to €1.8m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€158,458
Gross operating margin
+€6,148
Staff costs
-€71,567
Depreciation
+€4,954
Other operating charges
+€5,594
Financial income
+€5,107
Financial charges
+€3,555
Taxes
+€15,340
Deferred taxes and other
+€1,405
Result 2024
€128,994
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€109,714
Investment
€0
Financing
-€9,718
Cash 2023
€356,347
From operations (derived)
-€109,714
Net result for the year
+€128,994
Depreciation
+€10,484
Receivables within one year
-€418,182
Deferred charges and accrued income
+€6,366
Provisions
+€1,082
Trade debts
+€146,030
Tax, wage and social debts
+€17,135
Advances received
+€3,650
Other debts
-€5,273
Financing
-€9,718
Debts after one year
-€5,081
Current portion of long-term debt
-€3,231
Contributions, distributions and other
-€1,406
Cash 2024
€236,915
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €961,145 | €1,243,045 | +€281,900 | +29.3% |
| Fixed assets | 21/28 | €25,187 | €14,703 | -€10,484 | -41.6% |
| Tangible fixed assets | 22/27 | €20,887 | €10,403 | -€10,484 | -50.2% |
| Plant, machinery and equipment | 23 | €4,200 | €1,767 | -€2,433 | -57.9% |
| Furniture and vehicles | 24 | €16,687 | €8,636 | -€8,051 | -48.2% |
| Financial fixed assets | 28 | €4,300 | €4,300 | = | 0.0% |
| Current assets | 29/58 | €935,958 | €1,228,342 | +€292,384 | +31.2% |
| Amounts receivable within one year | 40/41 | €573,245 | €991,427 | +€418,182 | +72.9% |
| Trade receivables | 40 | €573,245 | €910,947 | +€337,702 | +58.9% |
| Other amounts receivable | 41 | - | €80,480 | +€80,480 | |
| Cash at bank and in hand | 54/58 | €356,347 | €236,915 | -€119,432 | -33.5% |
| Deferred charges and accrued income | 490/1 | €6,366 | - | -€6,366 | |
| Total equity and liabilities | 10/49 | €961,145 | €1,243,045 | +€281,900 | +29.3% |
| Equity | 10/15 | €787,479 | €915,067 | +€127,588 | +16.2% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €544,624 | €672,212 | +€127,588 | +23.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,149 | €5,182 | -€967 | -15.7% |
| Distributable reserves | 133 | €536,615 | €665,170 | +€128,555 | +24.0% |
| Profit (loss) carried forward | 14 | €236,654 | €236,654 | = | 0.0% |
| Provisions and deferred taxes | 16 | €645 | €1,727 | +€1,082 | +168% |
| Deferred taxes | 168 | €645 | €1,727 | +€1,082 | +168% |
| Amounts payable | 17/49 | €173,021 | €326,251 | +€153,230 | +88.6% |
| Amounts payable after more than one year | 17 | €5,836 | €755 | -€5,081 | -87.1% |
| Financial debts | 170/4 | €5,836 | €755 | -€5,081 | -87.1% |
| Amounts payable within one year | 42/48 | €167,185 | €325,496 | +€158,311 | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €8,313 | €5,082 | -€3,231 | -38.9% |
| Financial debts | 43 | €3,333 | €3,333 | = | 0.0% |
| Credit institutions | 430/8 | €3,333 | €3,333 | = | 0.0% |
| Trade debts | 44 | €46,258 | €192,288 | +€146,030 | +316% |
| Suppliers | 440/4 | €46,258 | €192,288 | +€146,030 | +316% |
| Advances received on contracts in progress | 46 | - | €3,650 | +€3,650 | |
| Taxes, remuneration and social security | 45 | €104,008 | €121,143 | +€17,135 | +16.5% |
| Taxes | 450/3 | €51,311 | €87,372 | +€36,061 | +70.3% |
| Remuneration and social security | 454/9 | €52,697 | €33,771 | -€18,926 | -35.9% |
| Other amounts payable | 47/48 | €5,273 | - | -€5,273 | |
| Turnover | 70 | €1,779,031 | €1,824,138 | +€45,107 | +2.5% |
| Non-recurring operating income | 76A | €23,779 | - | -€23,779 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,255,706 | €974,935 | -€280,771 | -22.4% |
| Remuneration, social security and pensions | 62 | €287,985 | €359,552 | +€71,567 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,438 | €10,484 | -€4,954 | -32.1% |
| Other operating charges | 640/8 | €7,347 | €1,753 | -€5,594 | -76.1% |
| Gross operating margin | 9900 | €547,104 | €553,252 | +€6,148 | +1.1% |
| Operating profit (loss) | 9901 | €236,334 | €181,463 | -€54,871 | -23.2% |
| Financial income | 75/76B | €1,499 | €6,606 | +€5,107 | +341% |
| Recurring financial income | 75 | €1,499 | €6,606 | +€5,107 | +341% |
| Financial charges | 65/66B | €6,891 | €3,336 | -€3,555 | -51.6% |
| Recurring financial charges | 65 | €6,891 | €3,336 | -€3,555 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €230,942 | €184,733 | -€46,209 | -20.0% |
| Transfer from deferred taxes | 780 | €322 | €322 | = | 0.0% |
| Transfer to deferred taxes | 680 | €1,405 | - | -€1,405 | |
| Income taxes | 67/77 | €71,401 | €56,061 | -€15,340 | -21.5% |
| Profit (loss) for the period | 9904 | €158,458 | €128,994 | -€29,464 | -18.6% |
| Transfer from tax-exempt reserves | 789 | €967 | €967 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €4,215 | - | -€4,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,210 | €129,961 | -€25,249 | -16.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.