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
- Cash -€32,682
down €32,682 (-37.8%), from €86,502 to €53,821
mainly Investment in fixed assets (net) (-€22,518) and Receivables within one year (-€16,446)
- Receivables within one year +€16,446
up €16,446 (+583.4%), from €2,819 to €19,265
of which Trade receivables: +€15,585
- Tangible fixed assets +€12,171
up €12,171 (+22.7%), from €53,547 to €65,718
of which Land and buildings: +€10,000
- Deferred charges and accrued income +€5,685
up €5,685 (+41.6%), from €13,680 to €19,365
- Reserves +€28,948
up €28,948 (+73.6%), from €39,313 to €68,261
- Trade debts -€14,304
down €14,304 (-99.9%), from €14,321 to €17
- Other debts -€11,590
down €11,590 (-13.1%), from €88,287 to €76,697
- Gross operating margin -€30,791
down €30,791 (-35.3%), from €87,296 to €56,505
- Depreciation -€14,921
down €14,921 (-59.1%), from €25,268 to €10,347
- Taxes -€3,742
down €3,742 (-34.7%), from €10,781 to €7,039
- Financial charges -€1,685
down €1,685 (-22.2%), from €7,581 to €5,895
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 | €156,547 | €158,168 | +€1,620 | +1.0% |
| Fixed assets | 21/28 | €53,547 | €65,718 | +€12,171 | +22.7% |
| Tangible fixed assets | 22/27 | €53,547 | €65,718 | +€12,171 | +22.7% |
| Land and buildings | 22 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Plant, machinery and equipment | 23 | €1,252 | €8,397 | +€7,145 | +570.7% |
| Furniture and vehicles | 24 | €41,279 | €36,530 | -€4,749 | -11.5% |
| Other tangible fixed assets | 26 | €1,016 | €791 | -€225 | -22.2% |
| Current assets | 29/58 | €103,001 | €92,450 | -€10,551 | -10.2% |
| Amounts receivable within one year | 40/41 | €2,819 | €19,265 | +€16,446 | +583.4% |
| Trade receivables | 40 | - | €15,585 | +€15,585 | |
| Other amounts receivable | 41 | €2,819 | €3,680 | +€861 | +30.5% |
| Cash at bank and in hand | 54/58 | €86,502 | €53,821 | -€32,682 | -37.8% |
| Deferred charges and accrued income | 490/1 | €13,680 | €19,365 | +€5,685 | +41.6% |
| Total equity and liabilities | 10/49 | €156,547 | €158,168 | +€1,620 | +1.0% |
| Equity | 10/15 | €42,313 | €71,261 | +€28,948 | +68.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,313 | €68,261 | +€28,948 | +73.6% |
| Distributable reserves | 133 | €39,313 | €68,261 | +€28,948 | +73.6% |
| Amounts payable | 17/49 | €114,235 | €86,907 | -€27,328 | -23.9% |
| Amounts payable within one year | 42/48 | €114,235 | €86,907 | -€27,328 | -23.9% |
| Trade debts | 44 | €14,321 | €17 | -€14,304 | -99.9% |
| Suppliers | 440/4 | €14,321 | €17 | -€14,304 | -99.9% |
| Taxes, remuneration and social security | 45 | €11,626 | €10,193 | -€1,434 | -12.3% |
| Taxes | 450/3 | €11,626 | €10,193 | -€1,434 | -12.3% |
| Other amounts payable | 47/48 | €88,287 | €76,697 | -€11,590 | -13.1% |
| Non-recurring operating income | 76A | - | €1,697 | +€1,697 | |
| Remuneration, social security and pensions | 62 | €4,130 | €4,032 | -€97 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,268 | €10,347 | -€14,921 | -59.1% |
| Other operating charges | 640/8 | - | €243 | +€243 | |
| Non-recurring operating charges | 66A | €224 | €0 | -€224 | -100.0% |
| Gross operating margin | 9900 | €87,296 | €56,505 | -€30,791 | -35.3% |
| Operating profit (loss) | 9901 | €57,674 | €41,883 | -€15,791 | -27.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,581 | €5,895 | -€1,685 | -22.2% |
| Recurring financial charges | 65 | €7,581 | €5,895 | -€1,685 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €50,094 | €35,987 | -€14,106 | -28.2% |
| Income taxes | 67/77 | €10,781 | €7,039 | -€3,742 | -34.7% |
| Profit (loss) for the period | 9904 | €39,313 | €28,948 | -€10,364 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,313 | €28,948 | -€10,364 | -26.4% |
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 2 October 2026 via checked.be.