RDJ 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.
RDJ Projects
Largest movements
- Tangible fixed assets -€314,685
down €314,685 (-99.7%), from €315,726 to €1,041
of which Furniture and vehicles: -€192,354
- Receivables within one year +€33,050
up €33,050 (+28.0%), from €118,068 to €151,118
of which Other amounts receivable: +€81,692
- Cash +€16,388
up €16,388 (+89.6%), from €18,285 to €34,673
mainly Investment in fixed assets (net) (+€313,782) and Net result for the year (+€33,772)
- Debts after one year -€196,924
no longer reported in 2025 (was €196,924)
- Current portion of long-term debt -€41,245
no longer reported in 2025 (was €41,245)
- Trade debts -€38,233
down €38,233 (-84.3%), from €45,328 to €7,095
- Profit (loss) carried forward +€33,772
up €33,772 (+914.7%), from €3,692 to €37,464
- Other debts -€25,582
down €25,582 (-15.3%), from €166,833 to €141,252
- Depreciation -€43,137
down €43,137 (-93.0%), from €46,393 to €3,256
- Gross operating margin -€16,748
down €16,748 (-22.7%), from €73,638 to €56,891
- Taxes +€4,566
up €4,566 (+101.8%), from €4,487 to €9,052
- Financial charges +€4,379
up €4,379 (+90.6%), from €4,833 to €9,211
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 | €468,281 | €200,681 | -€267,600 | -57.1% |
| Fixed assets | 21/28 | €331,928 | €14,890 | -€317,038 | -95.5% |
| Intangible fixed assets | 21 | €16,202 | €13,849 | -€2,353 | -14.5% |
| Tangible fixed assets | 22/27 | €315,726 | €1,041 | -€314,685 | -99.7% |
| Plant, machinery and equipment | 23 | €122,330 | - | -€122,330 | |
| Furniture and vehicles | 24 | €193,395 | €1,041 | -€192,354 | -99.5% |
| Current assets | 29/58 | €136,353 | €185,791 | +€49,438 | +36.3% |
| Amounts receivable within one year | 40/41 | €118,068 | €151,118 | +€33,050 | +28.0% |
| Trade receivables | 40 | €88,642 | €40,000 | -€48,642 | -54.9% |
| Other amounts receivable | 41 | €29,426 | €111,118 | +€81,692 | +277.6% |
| Cash at bank and in hand | 54/58 | €18,285 | €34,673 | +€16,388 | +89.6% |
| Total equity and liabilities | 10/49 | €468,281 | €200,681 | -€267,600 | -57.1% |
| Equity | 10/15 | €17,951 | €51,724 | +€33,772 | +188.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,692 | €37,464 | +€33,772 | +914.7% |
| Amounts payable | 17/49 | €450,330 | €148,958 | -€301,372 | -66.9% |
| Amounts payable after more than one year | 17 | €196,924 | - | -€196,924 | |
| Financial debts | 170/4 | €196,924 | - | -€196,924 | |
| Amounts payable within one year | 42/48 | €253,407 | €148,958 | -€104,449 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €41,245 | - | -€41,245 | |
| Trade debts | 44 | €45,328 | €7,095 | -€38,233 | -84.3% |
| Suppliers | 440/4 | €45,328 | €7,095 | -€38,233 | -84.3% |
| Taxes, remuneration and social security | 45 | - | €611 | +€611 | |
| Taxes | 450/3 | - | €611 | +€611 | |
| Other amounts payable | 47/48 | €166,833 | €141,252 | -€25,582 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,393 | €3,256 | -€43,137 | -93.0% |
| Other operating charges | 640/8 | €2,034 | €1,599 | -€435 | -21.4% |
| Gross operating margin | 9900 | €73,638 | €56,891 | -€16,748 | -22.7% |
| Operating profit (loss) | 9901 | €25,211 | €52,036 | +€26,825 | +106.4% |
| Financial charges | 65/66B | €4,833 | €9,211 | +€4,379 | +90.6% |
| Recurring financial charges | 65 | €4,833 | €9,211 | +€4,379 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €20,379 | €42,825 | +€22,446 | +110.1% |
| Income taxes | 67/77 | €4,487 | €9,052 | +€4,566 | +101.8% |
| Profit (loss) for the period | 9904 | €15,892 | €33,772 | +€17,880 | +112.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,892 | €33,772 | +€17,880 | +112.5% |
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 7 October 2026 via checked.be.