REJO: 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.
REJO
Largest movements
- Tangible fixed assets -€62,434
down €62,434 (-7.4%), from €839,863 to €777,429
- Cash +€43,932
up €43,932 (+39.8%), from €110,502 to €154,434
mainly Depreciation (+€62,434) and Net result for the year (+€54,381)
- Reserves +€54,381
up €54,381 (+48.8%), from €111,415 to €165,795
of which Distributable reserves: +€54,381
- Current portion of long-term debt -€40,207
down €40,207 (-58.3%), from €68,964 to €28,757
- Debts after one year -€28,757
down €28,757 (-100.0%), from €28,757 to €0
- Gross operating margin -€30,369
down €30,369 (-15.8%), from €192,504 to €162,135
- Taxes -€4,639
down €4,639 (-17.7%), from €26,268 to €21,629
- Financial charges -€3,156
down €3,156 (-48.7%), from €6,481 to €3,325
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 | €994,027 | €973,283 | -€20,744 | -2.1% |
| Fixed assets | 21/28 | €839,863 | €777,429 | -€62,434 | -7.4% |
| Tangible fixed assets | 22/27 | €839,863 | €777,429 | -€62,434 | -7.4% |
| Land and buildings | 22 | €839,863 | €777,429 | -€62,434 | -7.4% |
| Current assets | 29/58 | €154,164 | €195,854 | +€41,691 | +27.0% |
| Amounts receivable within one year | 40/41 | €43,050 | €41,420 | -€1,630 | -3.8% |
| Other amounts receivable | 41 | €43,050 | €41,420 | -€1,630 | -3.8% |
| Cash at bank and in hand | 54/58 | €110,502 | €154,434 | +€43,932 | +39.8% |
| Deferred charges and accrued income | 490/1 | €612 | €0 | -€612 | -100.0% |
| Total equity and liabilities | 10/49 | €994,027 | €973,283 | -€20,744 | -2.1% |
| Equity | 10/15 | €176,858 | €231,239 | +€54,381 | +30.7% |
| Contributions | 10/11 | €65,444 | €65,444 | = | 0.0% |
| Capital | 10 | €65,444 | €65,444 | = | 0.0% |
| Issued capital | 100 | €65,444 | €65,444 | = | 0.0% |
| Reserves | 13 | €111,415 | €165,795 | +€54,381 | +48.8% |
| Non-distributable reserves | 130/1 | €6,544 | €6,544 | = | 0.0% |
| Legal reserve | 130 | €6,544 | €6,544 | = | 0.0% |
| Distributable reserves | 133 | €104,870 | €159,251 | +€54,381 | +51.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €817,168 | €742,044 | -€75,124 | -9.2% |
| Amounts payable after more than one year | 17 | €28,757 | €0 | -€28,757 | -100.0% |
| Financial debts | 170/4 | €28,757 | €0 | -€28,757 | -100.0% |
| Amounts payable within one year | 42/48 | €781,127 | €741,094 | -€40,033 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €68,964 | €28,757 | -€40,207 | -58.3% |
| Trade debts | 44 | €287 | €325 | +€38 | +13.3% |
| Suppliers | 440/4 | €287 | €325 | +€38 | +13.3% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | 0.0% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Other amounts payable | 47/48 | €711,876 | €712,011 | +€136 | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,284 | €950 | -€6,334 | -87.0% |
| Non-recurring operating income | 76A | €36,917 | €0 | -€36,917 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,076 | €62,434 | +€358 | +0.6% |
| Other operating charges | 640/8 | €20,898 | €21,194 | +€295 | +1.4% |
| Non-recurring operating charges | 66A | €2,120 | €0 | -€2,120 | -100.0% |
| Gross operating margin | 9900 | €192,504 | €162,135 | -€30,369 | -15.8% |
| Operating profit (loss) | 9901 | €107,409 | €78,507 | -€28,902 | -26.9% |
| Financial income | 75/76B | €451 | €829 | +€377 | +83.5% |
| Recurring financial income | 75 | €451 | €829 | +€377 | +83.5% |
| Financial charges | 65/66B | €6,481 | €3,325 | -€3,156 | -48.7% |
| Recurring financial charges | 65 | €6,481 | €3,325 | -€3,156 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €101,379 | €76,010 | -€25,369 | -25.0% |
| Income taxes | 67/77 | €26,268 | €21,629 | -€4,639 | -17.7% |
| Profit (loss) for the period | 9904 | €75,111 | €54,381 | -€20,731 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,111 | €54,381 | -€20,731 | -27.6% |
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 3 October 2026 via checked.be.