JR PROJECTS: 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.
JR PROJECTS
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Cash -€17,575
down €17,575 (-95.9%), from €18,317 to €742
mainly Debts after one year (-€45,424) and Investment in fixed assets (net) (-€34,000)
- Reserves +€53,235
up €53,235 (+59.4%), from €89,621 to €142,856
of which Distributable reserves: +€53,235
- Debts after one year -€45,424
down €45,424 (-14.9%), from €304,272 to €258,848
- Current portion of long-term debt +€34,248
up €34,248 (+54.8%), from €62,443 to €96,690
- Tax, wage and social debts -€28,982
down €28,982 (-88.3%), from €32,826 to €3,844
- Other debts -€25,127
down €25,127 (-3.1%), from €799,899 to €774,771
- Turnover -€17,876
down €17,876 (-7.4%), from €240,000 to €222,124
- Other operating income +€14,886
up €14,886 (+57.0%), from €26,107 to €40,993
- Taxes -€8,127
down €8,127 (-28.3%), from €28,681 to €20,554
- Other operating charges +€2,535
up €2,535 (+77.3%), from €3,280 to €5,815
- Services and other goods -€2,407
down €2,407 (-1.9%), from €129,660 to €127,253
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 | €1,367,172 | €1,373,256 | +€6,085 | +0.4% |
| Fixed assets | 21/28 | €1,348,763 | €1,341,517 | -€7,246 | -0.5% |
| Tangible fixed assets | 22/27 | €1,348,763 | €1,341,517 | -€7,246 | -0.5% |
| Land and buildings | 22 | €1,348,660 | €1,309,201 | -€39,459 | -2.9% |
| Furniture and vehicles | 24 | €102 | €16 | -€86 | -84.7% |
| Leasing and similar rights | 25 | - | €32,300 | +€32,300 | |
| Current assets | 29/58 | €18,409 | €31,739 | +€13,330 | +72.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €10,081 | +€10,081 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €10,081 | +€10,081 | |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Other investments | 51/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €18,317 | €742 | -€17,575 | -95.9% |
| Deferred charges and accrued income | 490/1 | €92 | €916 | +€823 | +891.3% |
| Total equity and liabilities | 10/49 | €1,367,172 | €1,373,256 | +€6,085 | +0.4% |
| Equity | 10/15 | €166,621 | €219,856 | +€53,235 | +31.9% |
| Contributions | 10/11 | €77,000 | €77,000 | = | 0.0% |
| Capital | 10 | €77,000 | €77,000 | = | 0.0% |
| Issued capital | 100 | €77,000 | €77,000 | = | 0.0% |
| Reserves | 13 | €89,621 | €142,856 | +€53,235 | +59.4% |
| Non-distributable reserves | 130/1 | €7,700 | €7,700 | = | 0.0% |
| Legal reserve | 130 | €7,700 | €7,700 | = | 0.0% |
| Distributable reserves | 133 | €81,921 | €135,156 | +€53,235 | +65.0% |
| Amounts payable | 17/49 | €1,200,551 | €1,153,400 | -€47,151 | -3.9% |
| Amounts payable after more than one year | 17 | €304,272 | €258,848 | -€45,424 | -14.9% |
| Financial debts | 170/4 | €304,272 | €258,848 | -€45,424 | -14.9% |
| Leasing and similar obligations | 172 | - | €19,304 | +€19,304 | |
| Credit institutions | 173 | €304,272 | €239,544 | -€64,728 | -21.3% |
| Amounts payable within one year | 42/48 | €896,279 | €894,552 | -€1,727 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €62,443 | €96,690 | +€34,248 | +54.8% |
| Trade debts | 44 | €1,112 | €19,247 | +€18,135 | +1631.0% |
| Suppliers | 440/4 | €1,112 | €19,247 | +€18,135 | +1631.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €32,826 | €3,844 | -€28,982 | -88.3% |
| Taxes | 450/3 | €32,826 | €3,844 | -€28,982 | -88.3% |
| Other amounts payable | 47/48 | €799,899 | €774,771 | -€25,127 | -3.1% |
| Operating income | 70/76A | €269,495 | €263,117 | -€6,378 | -2.4% |
| Turnover | 70 | €240,000 | €222,124 | -€17,876 | -7.4% |
| Other operating income | 74 | €26,107 | €40,993 | +€14,886 | +57.0% |
| Non-recurring operating income | 76A | €3,388 | €0 | -€3,388 | -100.0% |
| Operating charges | 60/66A | €173,091 | €174,313 | +€1,223 | +0.7% |
| Services and other goods | 61 | €129,660 | €127,253 | -€2,407 | -1.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,599 | €41,246 | +€1,647 | +4.2% |
| Other operating charges | 640/8 | €3,280 | €5,815 | +€2,535 | +77.3% |
| Non-recurring operating charges | 66A | €553 | €0 | -€553 | -100.0% |
| Operating profit (loss) | 9901 | €96,404 | €88,803 | -€7,601 | -7.9% |
| Financial income | 75/76B | €0 | €770 | +€770 | |
| Recurring financial income | 75 | €0 | €770 | +€770 | |
| Income from current assets | 751 | - | €770 | +€770 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €17,039 | €15,784 | -€1,256 | -7.4% |
| Recurring financial charges | 65 | €17,039 | €15,784 | -€1,256 | -7.4% |
| Debt charges | 650 | €16,210 | €14,790 | -€1,420 | -8.8% |
| Other financial charges | 652/9 | €829 | €994 | +€164 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €79,365 | €73,790 | -€5,575 | -7.0% |
| Income taxes | 67/77 | €28,681 | €20,554 | -€8,127 | -28.3% |
| Taxes | 670/3 | €28,681 | €20,554 | -€8,127 | -28.3% |
| Profit (loss) for the period | 9904 | €50,683 | €53,235 | +€2,552 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,683 | €53,235 | +€2,552 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.