RJ Project Solutions: 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 Project Solutions
Largest movements
- Receivables within one year -€11,129
down €11,129 (-75.8%), from €14,688 to €3,558
of which Trade receivables: -€14,688
- Tangible fixed assets +€9,319
new in 2025: €9,319
- Cash +€8,765
up €8,765 (+12.3%), from €71,372 to €80,137
mainly Net result for the year (+€13,566) and Receivables within one year (+€11,129)
- Reserves +€13,566
up €13,566 (+28.3%), from €48,014 to €61,580
- Trade debts -€8,151
down €8,151 (-81.5%), from €10,003 to €1,852
- Other debts +€3,806
up €3,806 (+23.7%), from €16,085 to €19,891
- Tax, wage and social debts -€3,184
down €3,184 (-17.9%), from €17,756 to €14,572
- Gross operating margin -€41,827
down €41,827 (-67.5%), from €61,925 to €20,099
- Taxes -€8,199
down €8,199 (-64.9%), from €12,641 to €4,442
- Financial charges +€845
up €845 (+158%), from €533 to €1,378
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 | €93,358 | €99,395 | +€6,038 | +6.5% |
| Fixed assets | 21/28 | €5,000 | €14,319 | +€9,319 | +186% |
| Tangible fixed assets | 22/27 | - | €9,319 | +€9,319 | |
| Other tangible fixed assets | 26 | - | €9,319 | +€9,319 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €88,358 | €85,076 | -€3,282 | -3.7% |
| Amounts receivable within one year | 40/41 | €14,688 | €3,558 | -€11,129 | -75.8% |
| Trade receivables | 40 | €14,688 | €0 | -€14,688 | -100% |
| Other amounts receivable | 41 | - | €3,558 | +€3,558 | |
| Cash at bank and in hand | 54/58 | €71,372 | €80,137 | +€8,765 | +12.3% |
| Deferred charges and accrued income | 490/1 | €2,298 | €1,381 | -€917 | -39.9% |
| Total equity and liabilities | 10/49 | €93,358 | €99,395 | +€6,038 | +6.5% |
| Equity | 10/15 | €49,514 | €63,080 | +€13,566 | +27.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €48,014 | €61,580 | +€13,566 | +28.3% |
| Distributable reserves | 133 | €48,014 | €61,580 | +€13,566 | +28.3% |
| Amounts payable | 17/49 | €43,843 | €36,315 | -€7,528 | -17.2% |
| Amounts payable within one year | 42/48 | €43,843 | €36,315 | -€7,528 | -17.2% |
| Trade debts | 44 | €10,003 | €1,852 | -€8,151 | -81.5% |
| Suppliers | 440/4 | €10,003 | €1,852 | -€8,151 | -81.5% |
| Taxes, remuneration and social security | 45 | €17,756 | €14,572 | -€3,184 | -17.9% |
| Taxes | 450/3 | €17,756 | €14,572 | -€3,184 | -17.9% |
| Other amounts payable | 47/48 | €16,085 | €19,891 | +€3,806 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €250 | +€250 | |
| Other operating charges | 640/8 | €737 | €474 | -€263 | -35.7% |
| Gross operating margin | 9900 | €61,925 | €20,099 | -€41,827 | -67.5% |
| Operating profit (loss) | 9901 | €61,188 | €19,375 | -€41,813 | -68.3% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €533 | €1,378 | +€845 | +158% |
| Recurring financial charges | 65 | €533 | €1,378 | +€845 | +158% |
| Profit (loss) for the period before taxes | 9903 | €60,655 | €18,008 | -€42,647 | -70.3% |
| Income taxes | 67/77 | €12,641 | €4,442 | -€8,199 | -64.9% |
| Profit (loss) for the period | 9904 | €48,014 | €13,566 | -€34,448 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,014 | €13,566 | -€34,448 | -71.7% |
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 17 October 2026 via checked.be.