RJ: 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.
RJ
Largest movements
- Cash -€3,519
down €3,519 (-56.6%), from €6,213 to €2,694
mainly Trade debts (-€21,243) and Net result for the year (-€18,736)
- Receivables within one year -€2,153
down €2,153 (-51.5%), from €4,184 to €2,031
of which Other amounts receivable: -€4,146
- Tangible fixed assets -€1,808
down €1,808 (-9.4%), from €19,269 to €17,461
of which Plant, machinery and equipment: -€9,146
- Deferred charges and accrued income +€823
new in 2025: €823
- Intangible fixed assets -€759
no longer reported in 2025 (was €759)
- Other debts +€26,361
up €26,361 (+278.7%), from €9,458 to €35,819
- Trade debts -€21,243
down €21,243 (-74.3%), from €28,582 to €7,339
- Profit (loss) carried forward -€18,736
down €18,736 (-80.8%), from -€23,199 to -€41,935
- Contributions +€3,350
up €3,350 (+22.0%), from €15,250 to €18,600
- Tax, wage and social debts +€2,852
up €2,852 (+856.3%), from €333 to €3,185
- Gross operating margin -€55,577
down €55,577, from €42,615 to -€12,962
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 | €30,425 | €23,008 | -€7,416 | -24.4% |
| Fixed assets | 21/28 | €20,028 | €17,461 | -€2,567 | -12.8% |
| Intangible fixed assets | 21 | €759 | - | -€759 | |
| Tangible fixed assets | 22/27 | €19,269 | €17,461 | -€1,808 | -9.4% |
| Plant, machinery and equipment | 23 | €14,397 | €5,251 | -€9,146 | -63.5% |
| Furniture and vehicles | 24 | €4,871 | €12,210 | +€7,338 | +150.6% |
| Current assets | 29/58 | €10,397 | €5,548 | -€4,849 | -46.6% |
| Amounts receivable within one year | 40/41 | €4,184 | €2,031 | -€2,153 | -51.5% |
| Trade receivables | 40 | - | €1,993 | +€1,993 | |
| Other amounts receivable | 41 | €4,184 | €38 | -€4,146 | -99.1% |
| Cash at bank and in hand | 54/58 | €6,213 | €2,694 | -€3,519 | -56.6% |
| Deferred charges and accrued income | 490/1 | - | €823 | +€823 | |
| Total equity and liabilities | 10/49 | €30,425 | €23,008 | -€7,416 | -24.4% |
| Equity | 10/15 | -€7,949 | -€23,335 | -€15,386 | -193.6% |
| Contributions | 10/11 | €15,250 | €18,600 | +€3,350 | +22.0% |
| Outside capital | 11 | €15,250 | €18,600 | +€3,350 | +22.0% |
| Other | 1109/19 | €15,250 | €18,600 | +€3,350 | +22.0% |
| Profit (loss) carried forward | 14 | -€23,199 | -€41,935 | -€18,736 | -80.8% |
| Amounts payable | 17/49 | €38,374 | €46,344 | +€7,970 | +20.8% |
| Amounts payable within one year | 42/48 | €38,374 | €46,344 | +€7,970 | +20.8% |
| Trade debts | 44 | €28,582 | €7,339 | -€21,243 | -74.3% |
| Suppliers | 440/4 | €28,582 | €7,339 | -€21,243 | -74.3% |
| Taxes, remuneration and social security | 45 | €333 | €3,185 | +€2,852 | +856.3% |
| Taxes | 450/3 | €333 | €3,185 | +€2,852 | +856.3% |
| Other amounts payable | 47/48 | €9,458 | €35,819 | +€26,361 | +278.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,007 | €4,643 | -€364 | -7.3% |
| Other operating charges | 640/8 | €710 | €1,066 | +€356 | +50.1% |
| Non-recurring operating charges | 66A | €7,171 | - | -€7,171 | |
| Gross operating margin | 9900 | €42,615 | -€12,962 | -€55,577 | |
| Operating profit (loss) | 9901 | €29,727 | -€18,671 | -€48,398 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €247 | €132 | -€115 | -46.7% |
| Recurring financial charges | 65 | €247 | €132 | -€115 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €29,480 | -€18,803 | -€48,283 | |
| Income taxes | 67/77 | €333 | -€67 | -€400 | |
| Profit (loss) for the period | 9904 | €29,147 | -€18,736 | -€47,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,147 | -€18,736 | -€47,884 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.