RJ CONCEPT: 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.
RJ CONCEPT
Largest movements
- Stocks and contracts +€30,108
up €30,108 (+12.6%), from €239,814 to €269,923
- Intangible fixed assets +€17,701
up €17,701 (+6.2%), from €286,120 to €303,821
- Cash +€12,772
up €12,772 (+4.5%), from €286,196 to €298,968
mainly Net result for the year (+€89,229) and Depreciation (+€40,987)
- Reserves +€85,500
up €85,500 (+62.5%), from €136,860 to €222,360
of which Distributable reserves: +€85,500
- Debts after one year -€36,548
down €36,548 (-20.8%), from €175,427 to €138,879
- Tax, wage and social debts +€26,510
up €26,510 (+29.1%), from €91,235 to €117,746
of which Taxes: +€36,285
- Trade debts -€10,405
down €10,405 (-2.8%), from €374,085 to €363,679
- Taxes +€10,095
up €10,095 (+31.9%), from €31,605 to €41,700
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,744 | €900,577 | +€68,832 | +8.3% |
| Fixed assets | 21/28 | €294,358 | €317,394 | +€23,036 | +7.8% |
| Intangible fixed assets | 21 | €286,120 | €303,821 | +€17,701 | +6.2% |
| Tangible fixed assets | 22/27 | €7,489 | €12,823 | +€5,335 | +71.2% |
| Plant, machinery and equipment | 23 | €5,746 | €10,662 | +€4,917 | +85.6% |
| Furniture and vehicles | 24 | €1,743 | €2,161 | +€418 | +24.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €537,386 | €583,183 | +€45,797 | +8.5% |
| Stocks and contracts in progress | 3 | €239,814 | €269,923 | +€30,108 | +12.6% |
| Stocks | 30/36 | €239,814 | €269,923 | +€30,108 | +12.6% |
| Amounts receivable within one year | 40/41 | €1,381 | €2,494 | +€1,113 | +80.6% |
| Trade receivables | 40 | €1,381 | €1,070 | -€311 | -22.5% |
| Other amounts receivable | 41 | - | €1,424 | +€1,424 | |
| Cash at bank and in hand | 54/58 | €286,196 | €298,968 | +€12,772 | +4.5% |
| Deferred charges and accrued income | 490/1 | €9,995 | €11,798 | +€1,803 | +18.0% |
| Total equity and liabilities | 10/49 | €831,744 | €900,577 | +€68,832 | +8.3% |
| Equity | 10/15 | €143,874 | €233,103 | +€89,229 | +62.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,860 | €222,360 | +€85,500 | +62.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €135,000 | €220,500 | +€85,500 | +63.3% |
| Profit (loss) carried forward | 14 | €814 | €4,543 | +€3,729 | +458% |
| Amounts payable | 17/49 | €687,870 | €667,474 | -€20,397 | -3.0% |
| Amounts payable after more than one year | 17 | €175,427 | €138,879 | -€36,548 | -20.8% |
| Financial debts | 170/4 | €175,427 | €138,879 | -€36,548 | -20.8% |
| Amounts payable within one year | 42/48 | €512,444 | €528,595 | +€16,151 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €35,628 | €36,548 | +€919 | +2.6% |
| Trade debts | 44 | €374,085 | €363,679 | -€10,405 | -2.8% |
| Suppliers | 440/4 | €374,085 | €363,679 | -€10,405 | -2.8% |
| Taxes, remuneration and social security | 45 | €91,235 | €117,746 | +€26,510 | +29.1% |
| Taxes | 450/3 | €38,167 | €74,451 | +€36,285 | +95.1% |
| Remuneration and social security | 454/9 | €53,068 | €43,294 | -€9,774 | -18.4% |
| Other amounts payable | 47/48 | €11,495 | €10,622 | -€873 | -7.6% |
| Non-recurring operating income | 76A | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €461,102 | €467,354 | +€6,252 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,676 | €40,987 | +€3,311 | +8.8% |
| Other operating charges | 640/8 | €9,488 | €14,902 | +€5,414 | +57.1% |
| Gross operating margin | 9900 | €667,085 | €666,331 | -€754 | -0.1% |
| Operating profit (loss) | 9901 | €158,818 | €143,088 | -€15,730 | -9.9% |
| Financial income | 75/76B | €4,855 | €3,250 | -€1,605 | -33.1% |
| Recurring financial income | 75 | €4,855 | €3,250 | -€1,605 | -33.1% |
| Financial charges | 65/66B | €11,720 | €15,409 | +€3,690 | +31.5% |
| Recurring financial charges | 65 | €11,720 | €15,409 | +€3,690 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €151,954 | €130,929 | -€21,025 | -13.8% |
| Income taxes | 67/77 | €31,605 | €41,700 | +€10,095 | +31.9% |
| Profit (loss) for the period | 9904 | €120,348 | €89,229 | -€31,119 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,348 | €89,229 | -€31,119 | -25.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.