J. RION: 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.
J. RION
Largest movements
- Receivables within one year +€35,369
up €35,369 (+41.9%), from €84,450 to €119,819
of which Trade receivables: +€35,678
- Tangible fixed assets -€5,712
down €5,712 (-5.4%), from €106,064 to €100,352
of which Land and buildings: -€4,766
- Stocks and contracts -€5,640
down €5,640 (-17.4%), from €32,466 to €26,825
- Profit (loss) carried forward +€13,060
up €13,060, from -€3,718 to €9,342
- Trade debts +€10,776
up €10,776 (+11.4%), from €94,590 to €105,366
- Tax, wage and social debts +€10,731
up €10,731 (+50.6%), from €21,215 to €31,946
of which Remuneration and social security: +€11,400
- Debts after one year -€6,724
down €6,724 (-7.7%), from €87,735 to €81,012
- Current portion of long-term debt -€3,253
down €3,253 (-32.6%), from €9,976 to €6,724
- Gross operating margin +€18,802
up €18,802 (+36.4%), from €51,673 to €70,475
- Staff costs +€3,007
up €3,007 (+7.2%), from €42,036 to €45,043
- Depreciation -€962
down €962 (-14.3%), from €6,754 to €5,791
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,009 | €277,599 | +€24,590 | +9.7% |
| Fixed assets | 21/28 | €106,145 | €100,433 | -€5,712 | -5.4% |
| Tangible fixed assets | 22/27 | €106,064 | €100,352 | -€5,712 | -5.4% |
| Land and buildings | 22 | €104,044 | €99,278 | -€4,766 | -4.6% |
| Furniture and vehicles | 24 | €844 | €578 | -€266 | -31.6% |
| Other tangible fixed assets | 26 | €1,176 | €497 | -€679 | -57.8% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €146,864 | €177,166 | +€30,302 | +20.6% |
| Stocks and contracts in progress | 3 | €32,466 | €26,825 | -€5,640 | -17.4% |
| Stocks | 30/36 | €32,466 | €26,825 | -€5,640 | -17.4% |
| Amounts receivable within one year | 40/41 | €84,450 | €119,819 | +€35,369 | +41.9% |
| Trade receivables | 40 | €72,824 | €108,502 | +€35,678 | +49.0% |
| Other amounts receivable | 41 | €11,626 | €11,317 | -€309 | -2.7% |
| Cash at bank and in hand | 54/58 | €29,068 | €29,642 | +€573 | +2.0% |
| Deferred charges and accrued income | 490/1 | €880 | €880 | = | 0.0% |
| Total equity and liabilities | 10/49 | €253,009 | €277,599 | +€24,590 | +9.7% |
| Equity | 10/15 | €36,842 | €49,902 | +€13,060 | +35.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,360 | €34,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,500 | €32,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,718 | €9,342 | +€13,060 | |
| Amounts payable | 17/49 | €216,167 | €227,697 | +€11,530 | +5.3% |
| Amounts payable after more than one year | 17 | €87,735 | €81,012 | -€6,724 | -7.7% |
| Financial debts | 170/4 | €87,735 | €81,012 | -€6,724 | -7.7% |
| Amounts payable within one year | 42/48 | €128,432 | €146,686 | +€18,254 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €9,976 | €6,724 | -€3,253 | -32.6% |
| Trade debts | 44 | €94,590 | €105,366 | +€10,776 | +11.4% |
| Suppliers | 440/4 | €94,590 | €105,366 | +€10,776 | +11.4% |
| Advances received on contracts in progress | 46 | €2,650 | €2,650 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,215 | €31,946 | +€10,731 | +50.6% |
| Taxes | 450/3 | €5,282 | €4,613 | -€669 | -12.7% |
| Remuneration and social security | 454/9 | €15,934 | €27,334 | +€11,400 | +71.5% |
| Remuneration, social security and pensions | 62 | €42,036 | €45,043 | +€3,007 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,754 | €5,791 | -€962 | -14.3% |
| Other operating charges | 640/8 | €2,551 | €2,263 | -€288 | -11.3% |
| Gross operating margin | 9900 | €51,673 | €70,475 | +€18,802 | +36.4% |
| Operating profit (loss) | 9901 | €332 | €17,377 | +€17,045 | +5,132% |
| Financial charges | 65/66B | €4,454 | €4,317 | -€137 | -3.1% |
| Recurring financial charges | 65 | €4,454 | €4,317 | -€137 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,121 | €13,060 | +€17,181 | |
| Profit (loss) for the period | 9904 | -€4,121 | €13,060 | +€17,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,121 | €13,060 | +€17,181 |
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 31 October 2026 via checked.be.