RAJA & JOT: 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.
RAJA & JOT
Largest movements
- Tangible fixed assets +€86,048
up €86,048 (+741%), from €11,611 to €97,659
of which Furniture and vehicles: +€81,293
- Stocks and contracts +€9,129
up €9,129 (+12.6%), from €72,327 to €81,456
- Cash -€5,737
down €5,737 (-20.8%), from €27,567 to €21,830
mainly Investment in fixed assets (net) (-€88,811) and Stocks and contracts (-€9,129)
- Debts after one year +€59,218
up €59,218 (+4,297%), from €1,378 to €60,596
- Trade debts +€13,187
up €13,187 (+88.8%), from €14,857 to €28,044
- Current portion of long-term debt +€9,742
up €9,742 (+180%), from €5,412 to €15,154
- Other debts +€8,979
new in 2024: €8,979
- Gross operating margin -€19,428
down €19,428 (-28.3%), from €68,596 to €49,168
- Taxes -€10,542
down €10,542 (-85.3%), from €12,356 to €1,813
- Other operating charges +€3,564
up €3,564 (+86.3%), from €4,129 to €7,693
- Staff costs +€1,206
up €1,206 (+4.5%), from €27,052 to €28,258
- Financial charges +€1,006
up €1,006 (+16.0%), from €6,274 to €7,280
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 | €138,627 | €230,377 | +€91,750 | +66.2% |
| Fixed assets | 21/28 | €11,611 | €97,659 | +€86,048 | +741% |
| Tangible fixed assets | 22/27 | €11,611 | €97,659 | +€86,048 | +741% |
| Land and buildings | 22 | €471 | €4,470 | +€3,999 | +850% |
| Plant, machinery and equipment | 23 | €8,696 | €8,556 | -€140 | -1.6% |
| Furniture and vehicles | 24 | - | €81,293 | +€81,293 | |
| Other tangible fixed assets | 26 | €2,445 | €3,340 | +€896 | +36.6% |
| Current assets | 29/58 | €127,016 | €132,717 | +€5,702 | +4.5% |
| Stocks and contracts in progress | 3 | €72,327 | €81,456 | +€9,129 | +12.6% |
| Stocks | 30/36 | €72,327 | €81,456 | +€9,129 | +12.6% |
| Amounts receivable within one year | 40/41 | €26,291 | €27,999 | +€1,708 | +6.5% |
| Trade receivables | 40 | €15,899 | €13,682 | -€2,216 | -13.9% |
| Other amounts receivable | 41 | €10,392 | €14,317 | +€3,925 | +37.8% |
| Cash at bank and in hand | 54/58 | €27,567 | €21,830 | -€5,737 | -20.8% |
| Deferred charges and accrued income | 490/1 | €831 | €1,433 | +€602 | +72.5% |
| Total equity and liabilities | 10/49 | €138,627 | €230,377 | +€91,750 | +66.2% |
| Equity | 10/15 | €91,390 | €92,752 | +€1,362 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €246 | €246 | = | 0.0% |
| Non-distributable reserves | 130/1 | €246 | €246 | = | 0.0% |
| Reserves not available under the articles | 1311 | €246 | €246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,943 | €86,305 | +€1,362 | +1.6% |
| Amounts payable | 17/49 | €47,237 | €137,625 | +€90,388 | +191% |
| Amounts payable after more than one year | 17 | €1,378 | €60,596 | +€59,218 | +4,297% |
| Financial debts | 170/4 | €1,378 | €60,596 | +€59,218 | +4,297% |
| Amounts payable within one year | 42/48 | €45,859 | €77,029 | +€31,170 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | €5,412 | €15,154 | +€9,742 | +180% |
| Trade debts | 44 | €14,857 | €28,044 | +€13,187 | +88.8% |
| Suppliers | 440/4 | €14,857 | €28,044 | +€13,187 | +88.8% |
| Taxes, remuneration and social security | 45 | €25,589 | €24,851 | -€738 | -2.9% |
| Taxes | 450/3 | €21,523 | €13,482 | -€8,041 | -37.4% |
| Remuneration and social security | 454/9 | €4,066 | €11,369 | +€7,303 | +180% |
| Other amounts payable | 47/48 | - | €8,979 | +€8,979 | |
| Remuneration, social security and pensions | 62 | €27,052 | €28,258 | +€1,206 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,629 | €2,763 | +€134 | +5.1% |
| Other operating charges | 640/8 | €4,129 | €7,693 | +€3,564 | +86.3% |
| Gross operating margin | 9900 | €68,596 | €49,168 | -€19,428 | -28.3% |
| Operating profit (loss) | 9901 | €34,786 | €10,454 | -€24,332 | -69.9% |
| Financial income | 75/76B | €281 | €1 | -€279 | -99.5% |
| Recurring financial income | 75 | €281 | €1 | -€279 | -99.5% |
| Financial charges | 65/66B | €6,274 | €7,280 | +€1,006 | +16.0% |
| Recurring financial charges | 65 | €6,274 | €7,280 | +€1,006 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €28,793 | €3,175 | -€25,617 | -89.0% |
| Income taxes | 67/77 | €12,356 | €1,813 | -€10,542 | -85.3% |
| Profit (loss) for the period | 9904 | €16,437 | €1,362 | -€15,075 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,437 | €1,362 | -€15,075 | -91.7% |
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 29 October 2026 via checked.be.