RZM 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.
RZM CONSTRUCT
Largest movements
- Receivables within one year -€172,037
down €172,037 (-73.9%), from €232,807 to €60,770
of which Trade receivables: -€156,015
- Receivables after one year +€25,000
up €25,000 (+83.3%), from €30,000 to €55,000
- Cash +€18,201
up €18,201 (+75.9%), from €23,970 to €42,172
mainly Receivables within one year (+€172,037) and Net result for the year (+€12,742)
- Tangible fixed assets +€12,689
up €12,689 (+267%), from €4,760 to €17,449
of which Furniture and vehicles: +€15,623
- Trade debts -€99,592
down €99,592 (-84.5%), from €117,845 to €18,253
- Advances received -€34,800
no longer reported in 2025 (was €34,800)
- Profit (loss) carried forward +€12,742
up €12,742 (+11.3%), from €112,664 to €125,406
- Tax, wage and social debts -€10,717
down €10,717 (-58.4%), from €18,358 to €7,641
- Debts after one year +€10,000
new in 2025: €10,000
- Gross operating margin -€28,882
down €28,882 (-54.8%), from €52,686 to €23,804
- Taxes -€14,689
down €14,689 (-76.6%), from €19,174 to €4,485
- Other operating charges +€758
up €758 (+109%), from €695 to €1,452
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.
Derived cash bridge
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 | €294,665 | €177,428 | -€117,236 | -39.8% |
| Fixed assets | 21/28 | €4,760 | €17,449 | +€12,689 | +267% |
| Tangible fixed assets | 22/27 | €4,760 | €17,449 | +€12,689 | +267% |
| Plant, machinery and equipment | 23 | €3,492 | €559 | -€2,934 | -84.0% |
| Furniture and vehicles | 24 | €1,268 | €16,890 | +€15,623 | +1,232% |
| Current assets | 29/58 | €289,905 | €159,979 | -€129,925 | -44.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Trade receivables | 290 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Amounts receivable within one year | 40/41 | €232,807 | €60,770 | -€172,037 | -73.9% |
| Trade receivables | 40 | €208,837 | €52,822 | -€156,015 | -74.7% |
| Other amounts receivable | 41 | €23,970 | €7,948 | -€16,022 | -66.8% |
| Cash at bank and in hand | 54/58 | €23,970 | €42,172 | +€18,201 | +75.9% |
| Deferred charges and accrued income | 490/1 | €3,127 | €2,038 | -€1,090 | -34.8% |
| Total equity and liabilities | 10/49 | €294,665 | €177,428 | -€117,236 | -39.8% |
| Equity | 10/15 | €120,724 | €133,466 | +€12,742 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,664 | €125,406 | +€12,742 | +11.3% |
| Amounts payable | 17/49 | €173,941 | €43,963 | -€129,979 | -74.7% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Financial debts | 170/4 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €173,941 | €33,963 | -€139,978 | -80.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,130 | +€5,130 | |
| Financial debts | 43 | €2,939 | €2,939 | = | 0.0% |
| Credit institutions | 430/8 | €2,939 | €2,939 | = | 0.0% |
| Trade debts | 44 | €117,845 | €18,253 | -€99,592 | -84.5% |
| Suppliers | 440/4 | €117,845 | €18,253 | -€99,592 | -84.5% |
| Advances received on contracts in progress | 46 | €34,800 | - | -€34,800 | |
| Taxes, remuneration and social security | 45 | €18,358 | €7,641 | -€10,717 | -58.4% |
| Taxes | 450/3 | €18,358 | €7,641 | -€10,717 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,466 | €4,142 | -€324 | -7.3% |
| Other operating charges | 640/8 | €695 | €1,452 | +€758 | +109% |
| Gross operating margin | 9900 | €52,686 | €23,804 | -€28,882 | -54.8% |
| Operating profit (loss) | 9901 | €47,525 | €18,210 | -€29,316 | -61.7% |
| Financial income | 75/76B | €73 | €78 | +€5 | +6.8% |
| Recurring financial income | 75 | €73 | €78 | +€5 | +6.8% |
| Financial charges | 65/66B | €630 | €1,061 | +€431 | +68.4% |
| Recurring financial charges | 65 | €630 | €1,061 | +€431 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €46,968 | €17,227 | -€29,741 | -63.3% |
| Income taxes | 67/77 | €19,174 | €4,485 | -€14,689 | -76.6% |
| Profit (loss) for the period | 9904 | €27,794 | €12,742 | -€15,052 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,794 | €12,742 | -€15,052 | -54.2% |
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 30 October 2026 via checked.be.