R.J.P.: 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.
What changed
R.J.P.
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,455
2024 · €898,885-€894,430
Equity
€2.9m
2024 · €2.9m-€14,353
Cash
€62,982
2024 · €808,491-€745,509
Balance sheet total
€7.4m
2024 · €7.5m-€140,716
Largest movements
Assets
- Tangible fixed assets +€804,828
up €804,828 (+18.3%), from €4.4m to €5.2m
of which Land and buildings: +€1.1m
- Cash -€745,509
down €745,509 (-92.2%), from €808,491 to €62,982
mainly Investment in fixed assets (net) (-€1.4m) and Trade debts (-€517,254)
- Stocks and contracts -€274,815
down €274,815 (-36.6%), from €750,815 to €476,000
Equity and liabilities
- Trade debts -€517,254
down €517,254 (-43.1%), from €1.2m to €683,284
- Debts after one year +€411,699
up €411,699 (+13.1%), from €3.1m to €3.5m
Income statement
- Gross operating margin -€1.1m
down €1.1m (-60.1%), from €1.8m to €726,885
- Taxes -€283,182
down €283,182 (-99.1%), from €285,895 to €2,714
- Depreciation +€93,439
up €93,439 (+19.8%), from €473,080 to €566,520
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.
Result 2024
€898,885
Gross operating margin
-€1.1m
Staff costs
-€9,310
Depreciation
-€93,439
Other operating charges
+€64
Financial income
+€15,969
Financial charges
+€5,497
Taxes
+€283,182
Result 2025
€4,455
raises the resultlowers the result
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.
From operations
+€249,142
Investment
-€1.4m
Financing
+€376,696
Cash 2024
€808,491
From operations (derived)
+€249,142
Net result for the year
+€4,455
Depreciation
+€566,520
Stocks and contracts
+€274,815
Receivables within one year
-€61,346
Deferred charges and accrued income
-€13,435
Smaller working-capital items
-€1,050
Trade debts
-€517,254
Tax, wage and social debts
-€3,563
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€376,696
Debts after one year
+€411,699
Current portion of long-term debt
-€16,195
Contributions, distributions and other
-€18,808
Cash 2025
€62,982
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,492,632 | €7,351,916 | -€140,716 | -1.9% |
| Fixed assets | 21/28 | €4,393,125 | €5,197,953 | +€804,828 | +18.3% |
| Tangible fixed assets | 22/27 | €4,393,125 | €5,197,953 | +€804,828 | +18.3% |
| Land and buildings | 22 | €2,995,628 | €4,123,828 | +€1.1m | +37.7% |
| Plant, machinery and equipment | 23 | €1,346,536 | €1,036,095 | -€310,441 | -23.1% |
| Furniture and vehicles | 24 | €50,961 | €38,030 | -€12,931 | -25.4% |
| Current assets | 29/58 | €3,099,507 | €2,153,963 | -€945,543 | -30.5% |
| Stocks and contracts in progress | 3 | €750,815 | €476,000 | -€274,815 | -36.6% |
| Stocks | 30/36 | €750,815 | €476,000 | -€274,815 | -36.6% |
| Amounts receivable within one year | 40/41 | €1,529,562 | €1,590,908 | +€61,346 | +4.0% |
| Trade receivables | 40 | €828,373 | €978,056 | +€149,683 | +18.1% |
| Other amounts receivable | 41 | €701,189 | €612,852 | -€88,337 | -12.6% |
| Cash at bank and in hand | 54/58 | €808,491 | €62,982 | -€745,509 | -92.2% |
| Deferred charges and accrued income | 490/1 | €10,638 | €24,073 | +€13,435 | +126% |
| Total equity and liabilities | 10/49 | €7,492,632 | €7,351,916 | -€140,716 | -1.9% |
| Equity | 10/15 | €2,889,341 | €2,874,988 | -€14,353 | -0.5% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €2,522,917 | €2,527,372 | +€4,455 | +0.2% |
| Distributable reserves | 133 | €2,522,917 | €2,527,372 | +€4,455 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €56,423 | €37,616 | -€18,808 | -33.3% |
| Provisions and deferred taxes | 16 | €2,970 | €1,980 | -€990 | -33.3% |
| Deferred taxes | 168 | €2,970 | €1,980 | -€990 | -33.3% |
| Amounts payable | 17/49 | €4,600,321 | €4,474,948 | -€125,373 | -2.7% |
| Amounts payable after more than one year | 17 | €3,132,959 | €3,544,657 | +€411,699 | +13.1% |
| Financial debts | 170/4 | €3,132,959 | €3,544,657 | +€411,699 | +13.1% |
| Amounts payable within one year | 42/48 | €1,467,303 | €930,291 | -€537,012 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €201,366 | €185,171 | -€16,195 | -8.0% |
| Trade debts | 44 | €1,200,538 | €683,284 | -€517,254 | -43.1% |
| Suppliers | 440/4 | €1,200,538 | €683,284 | -€517,254 | -43.1% |
| Taxes, remuneration and social security | 45 | €65,399 | €61,836 | -€3,563 | -5.4% |
| Taxes | 450/3 | €64,713 | €59,468 | -€5,246 | -8.1% |
| Remuneration and social security | 454/9 | €686 | €2,368 | +€1,683 | +245% |
| Accrued charges and deferred income | 492/3 | €60 | €0 | -€60 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,280 | €19,590 | +€9,310 | +90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473,080 | €566,520 | +€93,439 | +19.8% |
| Other operating charges | 640/8 | €18,423 | €18,359 | -€64 | -0.3% |
| Gross operating margin | 9900 | €1,823,277 | €726,885 | -€1.1m | -60.1% |
| Operating profit (loss) | 9901 | €1,321,494 | €122,416 | -€1.2m | -90.7% |
| Financial income | 75/76B | €46,298 | €62,267 | +€15,969 | +34.5% |
| Recurring financial income | 75 | €46,298 | €62,267 | +€15,969 | +34.5% |
| Financial charges | 65/66B | €184,001 | €178,504 | -€5,497 | -3.0% |
| Recurring financial charges | 65 | €184,001 | €178,504 | -€5,497 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,183,791 | €6,179 | -€1.2m | -99.5% |
| Transfer from deferred taxes | 780 | €990 | €990 | = | 0.0% |
| Income taxes | 67/77 | €285,895 | €2,714 | -€283,182 | -99.1% |
| Profit (loss) for the period | 9904 | €898,885 | €4,455 | -€894,430 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €898,885 | €4,455 | -€894,430 | -99.5% |
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 29 October 2026 via checked.be.