R & J: 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.
R & J
Largest movements
- Receivables within one year -€400,562
down €400,562 (-98.6%), from €406,149 to €5,587
of which Other amounts receivable: -€399,396
- Cash +€230,778
up €230,778 (+336.5%), from €68,575 to €299,354
mainly Receivables within one year (+€400,562) and Depreciation (+€39,589)
- Tangible fixed assets -€39,589
down €39,589 (-7.2%), from €547,510 to €507,920
of which Land and buildings: -€28,706
- Profit (loss) carried forward -€167,759
down €167,759 (-20.5%), from €818,139 to €650,380
- Debts after one year -€32,330
down €32,330 (-54.3%), from €59,585 to €27,255
- Depreciation -€8,023
down €8,023 (-16.9%), from €47,612 to €39,589
- Gross operating margin +€4,625
up €4,625 (+5.4%), from €85,850 to €90,475
- Financial income -€3,190
down €3,190 (-99.5%), from €3,205 to €15
- Write-downs +€2,493
new in 2025: €2,493
- Taxes +€1,919
up €1,919 (+21.7%), from €8,828 to €10,747
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 | €1,025,434 | €816,061 | -€209,373 | -20.4% |
| Fixed assets | 21/28 | €547,510 | €507,920 | -€39,589 | -7.2% |
| Tangible fixed assets | 22/27 | €547,510 | €507,920 | -€39,589 | -7.2% |
| Land and buildings | 22 | €501,028 | €472,322 | -€28,706 | -5.7% |
| Plant, machinery and equipment | 23 | €46,481 | €35,598 | -€10,883 | -23.4% |
| Current assets | 29/58 | €477,924 | €308,140 | -€169,784 | -35.5% |
| Amounts receivable within one year | 40/41 | €406,149 | €5,587 | -€400,562 | -98.6% |
| Trade receivables | 40 | €1,167 | €0 | -€1,167 | -100.0% |
| Other amounts receivable | 41 | €404,982 | €5,587 | -€399,396 | -98.6% |
| Cash at bank and in hand | 54/58 | €68,575 | €299,354 | +€230,778 | +336.5% |
| Deferred charges and accrued income | 490/1 | €3,200 | €3,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,025,434 | €816,061 | -€209,373 | -20.4% |
| Equity | 10/15 | €907,347 | €733,588 | -€173,759 | -19.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €27,208 | €21,208 | -€6,000 | -22.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,008 | €15,008 | -€6,000 | -28.6% |
| Profit (loss) carried forward | 14 | €818,139 | €650,380 | -€167,759 | -20.5% |
| Provisions and deferred taxes | 16 | €7,003 | €5,003 | -€2,000 | -28.6% |
| Deferred taxes | 168 | €7,003 | €5,003 | -€2,000 | -28.6% |
| Amounts payable | 17/49 | €111,084 | €77,470 | -€33,615 | -30.3% |
| Amounts payable after more than one year | 17 | €59,585 | €27,255 | -€32,330 | -54.3% |
| Financial debts | 170/4 | €59,585 | €27,255 | -€32,330 | -54.3% |
| Amounts payable within one year | 42/48 | €51,499 | €50,214 | -€1,285 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €31,924 | €32,330 | +€406 | +1.3% |
| Trade debts | 44 | €1,729 | €1,499 | -€229 | -13.3% |
| Suppliers | 440/4 | €1,729 | €1,499 | -€229 | -13.3% |
| Advances received on contracts in progress | 46 | - | €1,365 | +€1,365 | |
| Taxes, remuneration and social security | 45 | €2,846 | €20 | -€2,827 | -99.3% |
| Taxes | 450/3 | €2,846 | €20 | -€2,827 | -99.3% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,612 | €39,589 | -€8,023 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,493 | +€2,493 | |
| Other operating charges | 640/8 | €12,045 | €12,368 | +€323 | +2.7% |
| Gross operating margin | 9900 | €85,850 | €90,475 | +€4,625 | +5.4% |
| Operating profit (loss) | 9901 | €26,192 | €36,024 | +€9,832 | +37.5% |
| Financial income | 75/76B | €3,205 | €15 | -€3,190 | -99.5% |
| Recurring financial income | 75 | €3,205 | €15 | -€3,190 | -99.5% |
| Financial charges | 65/66B | €1,437 | €1,051 | -€386 | -26.9% |
| Recurring financial charges | 65 | €1,437 | €1,051 | -€386 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €27,960 | €34,989 | +€7,029 | +25.1% |
| Transfer from deferred taxes | 780 | €2,000 | €2,000 | = | 0.0% |
| Income taxes | 67/77 | €8,828 | €10,747 | +€1,919 | +21.7% |
| Profit (loss) for the period | 9904 | €21,132 | €26,241 | +€5,110 | +24.2% |
| Transfer from tax-exempt reserves | 789 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,132 | €32,241 | +€5,110 | +18.8% |
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.