RJ PROJECTS: 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 PROJECTS
Largest movements
- Cash +€249,703
up €249,703 (+784.9%), from €31,813 to €281,516
mainly Other debts (+€628,697) and Net result for the year (+€131,719)
- Receivables within one year +€125,158
up €125,158 (+77.3%), from €161,983 to €287,141
of which Trade receivables: +€155,376
- Tangible fixed assets -€80,121
down €80,121 (-12.8%), from €624,723 to €544,602
of which Land and buildings: -€67,388
- Stocks and contracts -€51,062
down €51,062 (-80.6%), from €63,325 to €12,263
of which Contracts in progress: -€44,841
- Other debts +€628,697
new in 2024: €628,697
- Short-term financial debts -€491,724
no longer reported in 2024 (was €491,724)
- Reserves +€131,719
up €131,719 (+244.0%), from €53,973 to €185,692
- Trade debts -€29,659
down €29,659 (-49.9%), from €59,416 to €29,757
- Tax, wage and social debts +€28,950
up €28,950 (+357.4%), from €8,101 to €37,051
of which Taxes: +€28,865
- Gross operating margin +€154,602
up €154,602 (+172.2%), from €89,794 to €244,396
- Taxes +€56,534
up €56,534 (+9405.8%), from €601 to €57,135
- Depreciation -€45,950
down €45,950 (-72.7%), from €63,165 to €17,215
- Financial charges +€9,275
up €9,275 (+56.1%), from €16,524 to €25,799
- Write-downs +€3,678
new in 2024: €3,678
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.
Cash bridge derived
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 | €896,519 | €1,132,617 | +€236,098 | +26.3% |
| Fixed assets | 21/28 | €624,857 | €544,602 | -€80,256 | -12.8% |
| Tangible fixed assets | 22/27 | €624,723 | €544,602 | -€80,121 | -12.8% |
| Land and buildings | 22 | €559,388 | €492,000 | -€67,388 | -12.0% |
| Plant, machinery and equipment | 23 | €15,194 | €13,441 | -€1,753 | -11.5% |
| Furniture and vehicles | 24 | €50,141 | €39,161 | -€10,981 | -21.9% |
| Financial fixed assets | 28 | €134 | - | -€134 | |
| Current assets | 29/58 | €271,662 | €588,015 | +€316,353 | +116.5% |
| Stocks and contracts in progress | 3 | €63,325 | €12,263 | -€51,062 | -80.6% |
| Stocks | 30/36 | €18,484 | €12,263 | -€6,221 | -33.7% |
| Contracts in progress | 37 | €44,841 | - | -€44,841 | |
| Amounts receivable within one year | 40/41 | €161,983 | €287,141 | +€125,158 | +77.3% |
| Trade receivables | 40 | €131,765 | €287,141 | +€155,376 | +117.9% |
| Other amounts receivable | 41 | €30,218 | - | -€30,218 | |
| Cash at bank and in hand | 54/58 | €31,813 | €281,516 | +€249,703 | +784.9% |
| Deferred charges and accrued income | 490/1 | €14,542 | €7,096 | -€7,446 | -51.2% |
| Total equity and liabilities | 10/49 | €896,519 | €1,132,617 | +€236,098 | +26.3% |
| Equity | 10/15 | €126,373 | €258,092 | +€131,719 | +104.2% |
| Contributions | 10/11 | €72,400 | €72,400 | = | 0.0% |
| Reserves | 13 | €53,973 | €185,692 | +€131,719 | +244.0% |
| Distributable reserves | 133 | €53,973 | €185,692 | +€131,719 | +244.0% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €750,146 | €854,525 | +€104,379 | +13.9% |
| Amounts payable after more than one year | 17 | €162,880 | €134,124 | -€28,756 | -17.7% |
| Financial debts | 170/4 | €110,254 | €81,498 | -€28,756 | -26.1% |
| Other amounts payable | 178/9 | €52,626 | €52,626 | = | 0.0% |
| Amounts payable within one year | 42/48 | €587,266 | €720,401 | +€133,135 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €28,025 | €24,895 | -€3,129 | -11.2% |
| Financial debts | 43 | €491,724 | - | -€491,724 | |
| Credit institutions | 430/8 | €491,724 | - | -€491,724 | |
| Trade debts | 44 | €59,416 | €29,757 | -€29,659 | -49.9% |
| Suppliers | 440/4 | €59,416 | €29,757 | -€29,659 | -49.9% |
| Taxes, remuneration and social security | 45 | €8,101 | €37,051 | +€28,950 | +357.4% |
| Taxes | 450/3 | €3,312 | €32,177 | +€28,865 | +871.4% |
| Remuneration and social security | 454/9 | €4,789 | €4,873 | +€85 | +1.8% |
| Other amounts payable | 47/48 | - | €628,697 | +€628,697 | |
| Non-recurring operating income | 76A | €500 | €207,520 | +€207,020 | +41404.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,165 | €17,215 | -€45,950 | -72.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,678 | +€3,678 | |
| Other operating charges | 640/8 | €8,237 | €10,346 | +€2,109 | +25.6% |
| Gross operating margin | 9900 | €89,794 | €244,396 | +€154,602 | +172.2% |
| Operating profit (loss) | 9901 | €18,392 | €213,157 | +€194,765 | +1059.0% |
| Financial income | 75/76B | €639 | €1,497 | +€858 | +134.4% |
| Recurring financial income | 75 | €639 | €1,497 | +€858 | +134.4% |
| Financial charges | 65/66B | €16,524 | €25,799 | +€9,275 | +56.1% |
| Recurring financial charges | 65 | €16,524 | €25,799 | +€9,275 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €2,507 | €188,855 | +€186,348 | +7433.9% |
| Income taxes | 67/77 | €601 | €57,135 | +€56,534 | +9405.8% |
| Profit (loss) for the period | 9904 | €1,906 | €131,719 | +€129,814 | +6812.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,906 | €131,719 | +€129,814 | +6812.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.