RJ DECO: 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 DECO
Largest movements
- Cash +€16,948
up €16,948 (+108%), from €15,674 to €32,622
mainly Receivables within one year (+€13,649) and Depreciation (+€11,796)
- Receivables within one year -€13,649
down €13,649 (-35.4%), from €38,540 to €24,891
of which Other amounts receivable: -€13,237
- Deferred charges and accrued income +€6,738
up €6,738 (+2,865%), from €235 to €6,973
- Stocks and contracts -€5,708
down €5,708 (-16.2%), from €35,249 to €29,541
- Trade debts +€8,243
up €8,243 (+101%), from €8,128 to €16,371
- Tax, wage and social debts -€1,679
down €1,679 (-11.5%), from €14,572 to €12,893
of which Remuneration and social security: -€2,030
- Profit (loss) carried forward -€1,232
down €1,232 (-2.8%), from €43,628 to €42,396
- Gross operating margin +€18,350
up €18,350 (+103%), from €17,895 to €36,245
- Depreciation +€7,123
up €7,123 (+152%), from €4,673 to €11,796
- Taxes +€5,158
new in 2025: €5,158
- Other operating charges +€667
up €667 (+82.5%), from €809 to €1,476
- Staff costs -€592
down €592 (-3.0%), from €19,872 to €19,279
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 | €114,734 | €120,066 | +€5,331 | +4.6% |
| Fixed assets | 21/28 | €8,232 | €8,936 | +€704 | +8.5% |
| Tangible fixed assets | 22/27 | €8,232 | €8,936 | +€704 | +8.5% |
| Plant, machinery and equipment | 23 | €1,410 | - | -€1,410 | |
| Furniture and vehicles | 24 | €6,822 | €8,936 | +€2,114 | +31.0% |
| Current assets | 29/58 | €106,502 | €111,130 | +€4,627 | +4.3% |
| Amounts receivable after more than one year | 29 | €16,804 | €17,103 | +€298 | +1.8% |
| Other amounts receivable | 291 | €16,804 | €17,103 | +€298 | +1.8% |
| Stocks and contracts in progress | 3 | €35,249 | €29,541 | -€5,708 | -16.2% |
| Stocks | 30/36 | €35,249 | €29,541 | -€5,708 | -16.2% |
| Amounts receivable within one year | 40/41 | €38,540 | €24,891 | -€13,649 | -35.4% |
| Trade receivables | 40 | €25,037 | €24,625 | -€412 | -1.6% |
| Other amounts receivable | 41 | €13,503 | €266 | -€13,237 | -98.0% |
| Cash at bank and in hand | 54/58 | €15,674 | €32,622 | +€16,948 | +108% |
| Deferred charges and accrued income | 490/1 | €235 | €6,973 | +€6,738 | +2,865% |
| Total equity and liabilities | 10/49 | €114,734 | €120,066 | +€5,331 | +4.6% |
| Equity | 10/15 | €92,034 | €90,802 | -€1,232 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,806 | €29,806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €436 | €436 | = | 0.0% |
| Reserves not available under the articles | 1311 | €436 | €436 | = | 0.0% |
| Distributable reserves | 133 | €29,370 | €29,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,628 | €42,396 | -€1,232 | -2.8% |
| Amounts payable | 17/49 | €22,700 | €29,264 | +€6,563 | +28.9% |
| Amounts payable within one year | 42/48 | €22,700 | €29,264 | +€6,563 | +28.9% |
| Trade debts | 44 | €8,128 | €16,371 | +€8,243 | +101% |
| Suppliers | 440/4 | €8,128 | €16,371 | +€8,243 | +101% |
| Taxes, remuneration and social security | 45 | €14,572 | €12,893 | -€1,679 | -11.5% |
| Taxes | 450/3 | €12,392 | €12,742 | +€350 | +2.8% |
| Remuneration and social security | 454/9 | €2,181 | €151 | -€2,030 | -93.1% |
| Remuneration, social security and pensions | 62 | €19,872 | €19,279 | -€592 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,673 | €11,796 | +€7,123 | +152% |
| Other operating charges | 640/8 | €809 | €1,476 | +€667 | +82.5% |
| Gross operating margin | 9900 | €17,895 | €36,245 | +€18,350 | +103% |
| Operating profit (loss) | 9901 | -€7,458 | €3,694 | +€11,152 | |
| Financial income | 75/76B | - | €342 | +€342 | |
| Recurring financial income | 75 | - | €342 | +€342 | |
| Financial charges | 65/66B | €101 | €110 | +€9 | +9.1% |
| Recurring financial charges | 65 | €101 | €110 | +€9 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,559 | €3,926 | +€11,485 | |
| Income taxes | 67/77 | - | €5,158 | +€5,158 | |
| Profit (loss) for the period | 9904 | -€7,559 | -€1,232 | +€6,327 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,559 | -€1,232 | +€6,327 | +83.7% |
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 16 October 2026 via checked.be.