RCP-JJJS: 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
RCP-JJJS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,403
2024 · €18,918+€9,486
Equity
€68,467
2024 · €40,064+€28,403
Cash
€11,149
2024 · €10,595+€555
Balance sheet total
€1.8m
2024 · €1.9m-€46,263
Largest movements
Assets
- Tangible fixed assets -€49,099
down €49,099 (-2.6%), from €1.9m to €1.8m
Equity and liabilities
- Debts after one year -€105,979
down €105,979 (-6.3%), from €1.7m to €1.6m
Income statement
- Gross operating margin +€12,687
up €12,687 (+10.8%), from €117,365 to €130,052
- Taxes +€5,257
new in 2025: €5,257
- Financial charges -€1,776
down €1,776 (-4.3%), from €41,196 to €39,420
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
€18,918
Gross operating margin
+€12,687
Depreciation
-€0
Other operating charges
+€279
Financial charges
+€1,776
Taxes
-€5,257
Result 2025
€28,403
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
+€103,918
Investment
€0
Financing
-€103,364
Cash 2024
€10,595
From operations (derived)
+€103,918
Net result for the year
+€28,403
Depreciation
+€49,099
Receivables within one year
+€24
Deferred charges and accrued income
-€2,305
Trade debts
+€15,154
Tax, wage and social debts
+€7,543
Other debts
+€6,000
Financing
-€103,364
Debts after one year
-€105,979
Current portion of long-term debt
+€2,616
Cash 2025
€11,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,873,484 | €1,827,221 | -€46,263 | -2.5% |
| Fixed assets | 21/28 | €1,862,846 | €1,813,747 | -€49,099 | -2.6% |
| Tangible fixed assets | 22/27 | €1,862,846 | €1,813,747 | -€49,099 | -2.6% |
| Land and buildings | 22 | €1,862,846 | €1,813,747 | -€49,099 | -2.6% |
| Current assets | 29/58 | €10,638 | €13,474 | +€2,836 | +26.7% |
| Amounts receivable within one year | 40/41 | €24 | €0 | -€24 | -100% |
| Other amounts receivable | 41 | €24 | €0 | -€24 | -100% |
| Cash at bank and in hand | 54/58 | €10,595 | €11,149 | +€555 | +5.2% |
| Deferred charges and accrued income | 490/1 | €20 | €2,325 | +€2,305 | +11,631% |
| Total equity and liabilities | 10/49 | €1,873,484 | €1,827,221 | -€46,263 | -2.5% |
| Equity | 10/15 | €40,064 | €68,467 | +€28,403 | +70.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €33,265 | €48,467 | +€15,202 | +45.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,265 | €48,467 | +€15,202 | +45.7% |
| Profit (loss) carried forward | 14 | -€13,201 | €0 | +€13,201 | |
| Amounts payable | 17/49 | €1,833,420 | €1,758,754 | -€74,666 | -4.1% |
| Amounts payable after more than one year | 17 | €1,676,911 | €1,570,931 | -€105,979 | -6.3% |
| Financial debts | 170/4 | €1,676,911 | €1,570,931 | -€105,979 | -6.3% |
| Amounts payable within one year | 42/48 | €156,510 | €187,823 | +€31,313 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €103,364 | €105,979 | +€2,616 | +2.5% |
| Trade debts | 44 | €15,754 | €30,909 | +€15,154 | +96.2% |
| Suppliers | 440/4 | €15,754 | €30,909 | +€15,154 | +96.2% |
| Taxes, remuneration and social security | 45 | €6,095 | €13,638 | +€7,543 | +124% |
| Taxes | 450/3 | €6,095 | €13,638 | +€7,543 | +124% |
| Other amounts payable | 47/48 | €31,297 | €37,297 | +€6,000 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,099 | €49,099 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €8,152 | €7,873 | -€279 | -3.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,365 | €130,052 | +€12,687 | +10.8% |
| Operating profit (loss) | 9901 | €60,114 | €73,080 | +€12,966 | +21.6% |
| Financial charges | 65/66B | €41,196 | €39,420 | -€1,776 | -4.3% |
| Recurring financial charges | 65 | €41,196 | €39,420 | -€1,776 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €18,918 | €33,660 | +€14,742 | +77.9% |
| Income taxes | 67/77 | - | €5,257 | +€5,257 | |
| Profit (loss) for the period | 9904 | €18,918 | €28,403 | +€9,486 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,918 | €28,403 | +€9,486 | +50.1% |
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 23 October 2026 via checked.be.