REJ ESTATE: what changed
What changed
REJ ESTATE
filed annual accounts (NBB)
Net result for the year
€2,738
2024 · -€4,949+€7,687
Equity
€1,583
2024 · -€1,154+€2,738
Cash
€5,261
2024 · €5,706-€445
Balance sheet total
€246,964
2024 · €266,088-€19,124
Largest movements
Assets
- Tangible fixed assets -€17,790
down €17,790 (-6.9%), from €259,493 to €241,703
Equity and liabilities
- Debts after one year -€36,926
down €36,926 (-22.2%), from €166,178 to €129,253
- Current portion of long-term debt +€7,657
up €7,657 (+34.9%), from €21,923 to €29,579
- Other debts +€7,007
up €7,007 (+8.9%), from €79,141 to €86,148
- Profit (loss) carried forward +€2,738
up €2,738 (+34.9%), from -€7,836 to -€5,099
Income statement
- Gross operating margin +€6,762
up €6,762 (+26.4%), from €25,593 to €32,354
- Financial charges -€932
down €932 (-18.4%), from €5,054 to €4,122
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€4,949
Gross operating margin
+€6,762
Other operating charges
-€7
Financial charges
+€932
Result 2025
€2,738
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,824
Investment
€0
Financing
-€29,269
Cash 2024
€5,706
From operations (derived)
+€28,824
Net result for the year
+€2,738
Depreciation
+€17,790
Receivables within one year
+€889
Other debts
+€7,007
Accrued charges and deferred income
+€400
Financing
-€29,269
Debts after one year
-€36,926
Current portion of long-term debt
+€7,657
Cash 2025
€5,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,088 | €246,964 | -€19,124 | -7.2% |
| Fixed assets | 21/28 | €259,493 | €241,703 | -€17,790 | -6.9% |
| Tangible fixed assets | 22/27 | €259,493 | €241,703 | -€17,790 | -6.9% |
| Land and buildings | 22 | €259,493 | €241,703 | -€17,790 | -6.9% |
| Current assets | 29/58 | €6,595 | €5,261 | -€1,334 | -20.2% |
| Amounts receivable within one year | 40/41 | €889 | - | -€889 | |
| Other amounts receivable | 41 | €889 | - | -€889 | |
| Cash at bank and in hand | 54/58 | €5,706 | €5,261 | -€445 | -7.8% |
| Total equity and liabilities | 10/49 | €266,088 | €246,964 | -€19,124 | -7.2% |
| Equity | 10/15 | -€1,154 | €1,583 | +€2,738 | |
| Contributions | 10/11 | €6,640 | €6,640 | = | 0.0% |
| Reserves | 13 | €42 | €42 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42 | €42 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42 | €42 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,836 | -€5,099 | +€2,738 | +34.9% |
| Amounts payable | 17/49 | €267,242 | €245,380 | -€21,862 | -8.2% |
| Amounts payable after more than one year | 17 | €166,178 | €129,253 | -€36,926 | -22.2% |
| Financial debts | 170/4 | €166,178 | €129,253 | -€36,926 | -22.2% |
| Amounts payable within one year | 42/48 | €101,064 | €115,728 | +€14,664 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €21,923 | €29,579 | +€7,657 | +34.9% |
| Other amounts payable | 47/48 | €79,141 | €86,148 | +€7,007 | +8.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,790 | €17,790 | = | 0.0% |
| Other operating charges | 640/8 | €7,698 | €7,705 | +€7 | +0.1% |
| Gross operating margin | 9900 | €25,593 | €32,354 | +€6,762 | +26.4% |
| Operating profit (loss) | 9901 | €105 | €6,860 | +€6,755 | +6,456% |
| Financial charges | 65/66B | €5,054 | €4,122 | -€932 | -18.4% |
| Recurring financial charges | 65 | €5,054 | €4,122 | -€932 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,949 | €2,738 | +€7,687 | |
| Profit (loss) for the period | 9904 | -€4,949 | €2,738 | +€7,687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,949 | €2,738 | +€7,687 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.