REJU: 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.
REJU
Largest movements
- Tangible fixed assets +€681,577
up €681,577 (+6,480%), from €10,519 to €692,096
of which Land and buildings: +€668,097
- Current investments -€400,001
down €400,001 (-26.7%), from €1.5m to €1.1m
- Cash +€23,738
up €23,738 (+28.5%), from €83,219 to €106,958
mainly Other debts (+€1.6m) and Current investments (+€400,001)
- Other debts +€1.6m
up €1.6m (+12,676%), from €12,495 to €1.6m
- Profit (loss) carried forward -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Debts after one year +€186,660
up €186,660 (+374%), from €49,920 to €236,580
- Financial income -€1.1m
down €1.1m (-77.5%), from €1.5m to €328,715
of which Non-recurring financial income: -€1.1m
- Gross operating margin +€64,990
up €64,990 (+116%), from €55,975 to €120,965
- Staff costs +€48,351
up €48,351 (+1,480%), from €3,268 to €51,619
- Depreciation +€19,550
up €19,550 (+94.2%), from €20,753 to €40,303
- Financial charges +€4,861
up €4,861 (+191%), from €2,539 to €7,400
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,627,886 | €1,940,380 | +€312,493 | +19.2% |
| Fixed assets | 21/28 | €10,519 | €692,096 | +€681,577 | +6,480% |
| Tangible fixed assets | 22/27 | €10,519 | €692,096 | +€681,577 | +6,480% |
| Land and buildings | 22 | - | €668,097 | +€668,097 | |
| Furniture and vehicles | 24 | €10,519 | €0 | -€10,519 | -100% |
| Assets under construction and advance payments | 27 | - | €23,999 | +€23,999 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,617,368 | €1,248,284 | -€369,084 | -22.8% |
| Amounts receivable within one year | 40/41 | €30,113 | €36,251 | +€6,138 | +20.4% |
| Trade receivables | 40 | €17,646 | €18,168 | +€522 | +3.0% |
| Other amounts receivable | 41 | €12,467 | €18,084 | +€5,616 | +45.0% |
| Current investments | 50/53 | €1,500,000 | €1,099,999 | -€400,001 | -26.7% |
| Cash at bank and in hand | 54/58 | €83,219 | €106,958 | +€23,738 | +28.5% |
| Deferred charges and accrued income | 490/1 | €4,035 | €5,075 | +€1,040 | +25.8% |
| Total equity and liabilities | 10/49 | €1,627,886 | €1,940,380 | +€312,493 | +19.2% |
| Equity | 10/15 | €1,501,188 | €20,460 | -€1.5m | -98.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,480,728 | €0 | -€1.5m | -100% |
| Amounts payable | 17/49 | €126,698 | €1,919,920 | +€1.8m | +1,415% |
| Amounts payable after more than one year | 17 | €49,920 | €236,580 | +€186,660 | +374% |
| Financial debts | 170/4 | €49,920 | €236,580 | +€186,660 | +374% |
| Amounts payable within one year | 42/48 | €76,778 | €1,683,340 | +€1.6m | +2,092% |
| Current portion of amounts payable after more than one year | 42 | €55,707 | €63,340 | +€7,633 | +13.7% |
| Trade debts | 44 | €1,022 | €5,743 | +€4,722 | +462% |
| Suppliers | 440/4 | €1,022 | €5,743 | +€4,722 | +462% |
| Taxes, remuneration and social security | 45 | €7,555 | €17,913 | +€10,358 | +137% |
| Taxes | 450/3 | €5,070 | €7,417 | +€2,347 | +46.3% |
| Remuneration and social security | 454/9 | €2,484 | €10,495 | +€8,011 | +322% |
| Other amounts payable | 47/48 | €12,495 | €1,596,343 | +€1.6m | +12,676% |
| Non-recurring operating income | 76A | - | €33,731 | +€33,731 | |
| Remuneration, social security and pensions | 62 | €3,268 | €51,619 | +€48,351 | +1,480% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,753 | €40,303 | +€19,550 | +94.2% |
| Other operating charges | 640/8 | €2,546 | €3,432 | +€886 | +34.8% |
| Gross operating margin | 9900 | €55,975 | €120,965 | +€64,990 | +116% |
| Operating profit (loss) | 9901 | €29,408 | €25,611 | -€3,797 | -12.9% |
| Financial income | 75/76B | €1,458,100 | €328,715 | -€1.1m | -77.5% |
| Recurring financial income | 75 | €34,841 | €25,932 | -€8,909 | -25.6% |
| Non-recurring financial income | 76B | €1,423,259 | €302,782 | -€1.1m | -78.7% |
| Financial charges | 65/66B | €2,539 | €7,400 | +€4,861 | +191% |
| Recurring financial charges | 65 | €2,539 | €7,400 | +€4,861 | +191% |
| Profit (loss) for the period before taxes | 9903 | €1,484,969 | €346,925 | -€1.1m | -76.6% |
| Income taxes | 67/77 | €12,611 | €11,475 | -€1,135 | -9.0% |
| Profit (loss) for the period | 9904 | €1,472,358 | €335,450 | -€1.1m | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,472,358 | €335,450 | -€1.1m | -77.2% |
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 13 October 2026 via checked.be.