RDJ Construct: what changed
Two fiscal 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.
RDJ Construct
Largest movements
- Stocks and contracts +€20,171
up €20,171 (+152.1%), from €13,263 to €33,434
- Tangible fixed assets +€12,474
up €12,474 (+117.3%), from €10,633 to €23,107
of which Furniture and vehicles: +€10,734
- Cash +€10,229
up €10,229 (+102.3%), from €9,998 to €20,227
mainly Trade debts (+€22,514) and Net result for the year (+€20,022)
- Receivables within one year -€1,568
down €1,568 (-3.0%), from €51,794 to €50,225
of which Trade receivables: -€6,866
- Trade debts +€22,514
up €22,514 (+345.1%), from €6,524 to €29,039
- Reserves +€15,787
up €15,787 (+126.4%), from €12,494 to €28,281
- Debts after one year -€13,870
down €13,870 (-26.0%), from €53,335 to €39,465
of which Other amounts payable: -€18,035
- Short-term financial debts +€5,697
new in 2025: €5,697
- Current portion of long-term debt +€5,567
up €5,567 (+70.3%), from €7,920 to €13,487
- Gross operating margin +€11,839
up €11,839 (+32.2%), from €36,741 to €48,580
- Financial charges +€4,378
up €4,378 (+52.8%), from €8,289 to €12,667
of which Non-recurring financial charges: +€5,195
- Taxes +€3,964
up €3,964 (+71.2%), from €5,567 to €9,530
- Depreciation +€1,949
up €1,949 (+61.4%), from €3,174 to €5,123
- Other operating charges -€618
down €618 (-30.0%), from €2,060 to €1,441
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 | €89,383 | €130,965 | +€41,582 | +46.5% |
| Fixed assets | 21/28 | €13,094 | €25,517 | +€12,424 | +94.9% |
| Intangible fixed assets | 21 | €391 | €341 | -€50 | -12.8% |
| Tangible fixed assets | 22/27 | €10,633 | €23,107 | +€12,474 | +117.3% |
| Plant, machinery and equipment | 23 | €3,160 | €4,900 | +€1,740 | +55.1% |
| Furniture and vehicles | 24 | €7,473 | €18,207 | +€10,734 | +143.6% |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €76,290 | €105,447 | +€29,158 | +38.2% |
| Stocks and contracts in progress | 3 | €13,263 | €33,434 | +€20,171 | +152.1% |
| Stocks | 30/36 | €13,263 | €33,434 | +€20,171 | +152.1% |
| Amounts receivable within one year | 40/41 | €51,794 | €50,225 | -€1,568 | -3.0% |
| Trade receivables | 40 | €41,331 | €34,465 | -€6,866 | -16.6% |
| Other amounts receivable | 41 | €10,463 | €15,760 | +€5,297 | +50.6% |
| Cash at bank and in hand | 54/58 | €9,998 | €20,227 | +€10,229 | +102.3% |
| Deferred charges and accrued income | 490/1 | €1,235 | €1,561 | +€326 | +26.4% |
| Total equity and liabilities | 10/49 | €89,383 | €130,965 | +€41,582 | +46.5% |
| Equity | 10/15 | €13,994 | €29,781 | +€15,787 | +112.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €12,494 | €28,281 | +€15,787 | +126.4% |
| Distributable reserves | 133 | €12,494 | €28,281 | +€15,787 | +126.4% |
| Amounts payable | 17/49 | €75,390 | €101,184 | +€25,794 | +34.2% |
| Amounts payable after more than one year | 17 | €53,335 | €39,465 | -€13,870 | -26.0% |
| Financial debts | 170/4 | €17,980 | €22,146 | +€4,166 | +23.2% |
| Other amounts payable | 178/9 | €35,355 | €17,319 | -€18,035 | -51.0% |
| Amounts payable within one year | 42/48 | €20,111 | €58,739 | +€38,628 | +192.1% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €13,487 | +€5,567 | +70.3% |
| Financial debts | 43 | - | €5,697 | +€5,697 | |
| Credit institutions | 430/8 | - | €5,697 | +€5,697 | |
| Trade debts | 44 | €6,524 | €29,039 | +€22,514 | +345.1% |
| Suppliers | 440/4 | €6,524 | €29,039 | +€22,514 | +345.1% |
| Taxes, remuneration and social security | 45 | €5,667 | €7,217 | +€1,550 | +27.4% |
| Taxes | 450/3 | €5,667 | €7,217 | +€1,550 | +27.4% |
| Other amounts payable | 47/48 | - | €3,300 | +€3,300 | |
| Accrued charges and deferred income | 492/3 | €1,943 | €2,979 | +€1,036 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,174 | €5,123 | +€1,949 | +61.4% |
| Other operating charges | 640/8 | €2,060 | €1,441 | -€618 | -30.0% |
| Non-recurring operating charges | 66A | €5,835 | - | -€5,835 | |
| Gross operating margin | 9900 | €36,741 | €48,580 | +€11,839 | +32.2% |
| Operating profit (loss) | 9901 | €25,673 | €42,016 | +€16,343 | +63.7% |
| Financial income | 75/76B | €138 | €204 | +€65 | +47.3% |
| Recurring financial income | 75 | €138 | €31 | -€108 | -77.9% |
| Non-recurring financial income | 76B | - | €173 | +€173 | |
| Financial charges | 65/66B | €8,289 | €12,667 | +€4,378 | +52.8% |
| Recurring financial charges | 65 | €8,289 | €7,472 | -€817 | -9.9% |
| Non-recurring financial charges | 66B | - | €5,195 | +€5,195 | |
| Profit (loss) for the period before taxes | 9903 | €17,522 | €29,553 | +€12,031 | +68.7% |
| Income taxes | 67/77 | €5,567 | €9,530 | +€3,964 | +71.2% |
| Profit (loss) for the period | 9904 | €11,955 | €20,022 | +€8,067 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,955 | €20,022 | +€8,067 | +67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.