RJ MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€18,878
up €18,878 (+231%), from €8,178 to €27,056
of which Furniture and vehicles: +€19,488
- Cash -€11,065
down €11,065 (-39.5%), from €27,992 to €16,927
mainly Investment in fixed assets (net) (-€23,736) and Other debts (-€17,241)
- Deferred charges and accrued income +€529
up €529 (+31.0%), from €1,705 to €2,234
- Trade debts +€17,794
up €17,794 (+420%), from €4,233 to €22,026
- Other debts -€17,241
down €17,241 (-64.2%), from €26,840 to €9,599
- Profit (loss) carried forward +€8,101
up €8,101 (+73.8%), from -€10,971 to -€2,870
- Gross operating margin +€10,236
up €10,236 (+99.6%), from €10,281 to €20,517
- Depreciation +€2,445
up €2,445 (+101%), from €2,413 to €4,858
- Financial income -€1,397
down €1,397 (-100%), from €1,397 to €0
- Other operating charges +€865
up €865 (+92.5%), from €935 to €1,800
- Financial charges +€251
up €251 (+32.8%), from €765 to €1,016
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 | €41,219 | €49,674 | +€8,455 | +20.5% |
| Fixed assets | 21/28 | €8,378 | €27,256 | +€18,878 | +225% |
| Tangible fixed assets | 22/27 | €8,178 | €27,056 | +€18,878 | +231% |
| Furniture and vehicles | 24 | €4,585 | €24,073 | +€19,488 | +425% |
| Other tangible fixed assets | 26 | €3,593 | €2,983 | -€610 | -17.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €32,841 | €22,418 | -€10,423 | -31.7% |
| Amounts receivable within one year | 40/41 | €3,144 | €3,258 | +€113 | +3.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,144 | €3,258 | +€113 | +3.6% |
| Cash at bank and in hand | 54/58 | €27,992 | €16,927 | -€11,065 | -39.5% |
| Deferred charges and accrued income | 490/1 | €1,705 | €2,234 | +€529 | +31.0% |
| Total equity and liabilities | 10/49 | €41,219 | €49,674 | +€8,455 | +20.5% |
| Equity | 10/15 | €4,029 | €12,130 | +€8,101 | +201% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,971 | -€2,870 | +€8,101 | +73.8% |
| Amounts payable | 17/49 | €37,191 | €37,544 | +€354 | +1.0% |
| Amounts payable within one year | 42/48 | €37,191 | €37,544 | +€354 | +1.0% |
| Trade debts | 44 | €4,233 | €22,026 | +€17,794 | +420% |
| Suppliers | 440/4 | €4,233 | €22,026 | +€17,794 | +420% |
| Taxes, remuneration and social security | 45 | €6,118 | €5,919 | -€198 | -3.2% |
| Taxes | 450/3 | €6,118 | €5,919 | -€198 | -3.2% |
| Other amounts payable | 47/48 | €26,840 | €9,599 | -€17,241 | -64.2% |
| Non-recurring operating income | 76A | - | €9,548 | +€9,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €4,858 | +€2,445 | +101% |
| Other operating charges | 640/8 | €935 | €1,800 | +€865 | +92.5% |
| Gross operating margin | 9900 | €10,281 | €20,517 | +€10,236 | +99.6% |
| Operating profit (loss) | 9901 | €6,933 | €13,859 | +€6,927 | +99.9% |
| Financial income | 75/76B | €1,397 | €0 | -€1,397 | -100% |
| Recurring financial income | 75 | €1,397 | €0 | -€1,397 | -100% |
| Financial charges | 65/66B | €765 | €1,016 | +€251 | +32.8% |
| Recurring financial charges | 65 | €765 | €1,016 | +€251 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €7,565 | €12,843 | +€5,279 | +69.8% |
| Income taxes | 67/77 | €4,897 | €4,742 | -€154 | -3.2% |
| Profit (loss) for the period | 9904 | €2,668 | €8,101 | +€5,433 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €2,668 | €8,101 | +€5,433 | +204% |
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 27 October 2026 via checked.be.