RJM CONSTRUCTION: 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.
What changed
RJM CONSTRUCTION
NACE 41.001, General construction of residential buildings
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€11,134
2023 · €88,620-€99,754
Equity
€434,069
2023 · €445,203-€11,133
Cash
€228,747
2023 · €176,974+€51,772
Balance sheet total
€1.2m
2023 · €746,118+€473,039
Largest movements
Assets
- Tangible fixed assets +€358,220
up €358,220 (+431%), from €83,133 to €441,353
of which Land and buildings: +€329,567
- Receivables within one year +€63,046
up €63,046 (+13.0%), from €485,210 to €548,257
of which Trade receivables: +€45,578
- Cash +€51,772
up €51,772 (+29.3%), from €176,974 to €228,747
mainly Debts after one year (+€318,854) and Trade debts (+€185,254)
Equity and liabilities
- Debts after one year +€318,854
up €318,854 (+3,504%), from €9,101 to €327,955
of which Financial debts: +€318,854
- Trade debts +€185,254
up €185,254 (+75.9%), from €244,014 to €429,268
of which Suppliers: +€185,254
- Tax, wage and social debts -€30,554
down €30,554 (-70.4%), from €43,371 to €12,817
of which Taxes: -€28,925
Income statement
- Turnover -€2.4m
no longer reported in 2024 (was €2.4m)
- Purchases and services +€141,727
up €141,727 (+6.4%), from €2.2m to €2.4m
- Other operating charges +€44,129
up €44,129 (+1,012%), from €4,362 to €48,491
From the 2023 result to the 2024 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.
Result 2023
€88,620
Gross operating margin
-€15,318
Staff costs
-€23,480
Depreciation
+€681
Write-downs
-€15,836
Other operating charges
-€44,129
Financial income
+€2,072
Financial charges
-€7,156
Taxes
+€3,411
Result 2024
-€11,134
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€125,333
Investment
-€403,033
Financing
+€329,473
Cash 2023
€176,974
From operations (derived)
+€125,333
Net result for the year
-€11,134
Depreciation
+€44,813
Receivables within one year
-€63,046
Trade debts
+€185,254
Tax, wage and social debts
-€30,554
Investment (derived)
-€403,033
Investment in fixed assets (net)
-€403,033
Financing
+€329,473
Debts after one year
+€318,854
Current portion of long-term debt
+€10,619
Contributions, distributions and other
+€0
Cash 2024
€228,747
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €746,118 | €1,219,157 | +€473,039 | +63.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €83,933 | €442,153 | +€358,220 | +427% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €83,133 | €441,353 | +€358,220 | +431% |
| Land and buildings | 22 | - | €329,567 | +€329,567 | |
| Plant, machinery and equipment | 23 | €914 | €609 | -€304 | -33.3% |
| Furniture and vehicles | 24 | €69,371 | €104,314 | +€34,943 | +50.4% |
| Leasing and similar rights | 25 | €12,848 | €6,862 | -€5,986 | -46.6% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €662,185 | €777,004 | +€114,819 | +17.3% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €485,210 | €548,257 | +€63,046 | +13.0% |
| Trade receivables | 40 | €369,752 | €415,330 | +€45,578 | +12.3% |
| Other amounts receivable | 41 | €115,458 | €132,927 | +€17,469 | +15.1% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €176,974 | €228,747 | +€51,772 | +29.3% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €746,118 | €1,219,157 | +€473,039 | +63.4% |
| Equity | 10/15 | €445,203 | €434,069 | -€11,133 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €424,743 | €413,609 | -€11,133 | -2.6% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €300,915 | €785,087 | +€484,172 | +161% |
| Amounts payable after more than one year | 17 | €9,101 | €327,955 | +€318,854 | +3,504% |
| Financial debts | 170/4 | €9,101 | €327,955 | +€318,854 | +3,504% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €291,814 | €457,132 | +€165,318 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €4,429 | €15,048 | +€10,619 | +240% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €244,014 | €429,268 | +€185,254 | +75.9% |
| Suppliers | 440/4 | €244,014 | €429,268 | +€185,254 | +75.9% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €43,371 | €12,817 | -€30,554 | -70.4% |
| Taxes | 450/3 | €28,925 | €0 | -€28,925 | -100% |
| Remuneration and social security | 454/9 | €14,446 | €12,817 | -€1,629 | -11.3% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €2,434,673 | - | -€2.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,216,179 | €2,357,906 | +€141,727 | +6.4% |
| Remuneration, social security and pensions | 62 | €78,734 | €102,214 | +€23,480 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,494 | €44,813 | -€681 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,836 | +€15,836 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €4,362 | €48,491 | +€44,129 | +1,012% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €218,493 | €203,176 | -€15,318 | -7.0% |
| Operating profit (loss) | 9901 | €89,903 | -€8,178 | -€98,081 | |
| Financial income | 75/76B | €3,057 | €5,129 | +€2,072 | +67.8% |
| Recurring financial income | 75 | €1,150 | €0 | -€1,150 | -100% |
| Non-recurring financial income | 76B | €1,907 | €5,129 | +€3,222 | +169% |
| Financial charges | 65/66B | €929 | €8,085 | +€7,156 | +770% |
| Recurring financial charges | 65 | €929 | €8,085 | +€7,156 | +770% |
| Profit (loss) for the period before taxes | 9903 | €92,032 | -€11,134 | -€103,165 | |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €3,411 | €0 | -€3,411 | -100% |
| Profit (loss) for the period | 9904 | €88,620 | -€11,134 | -€99,754 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €88,620 | -€11,134 | -€99,754 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.