RJA: 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.
RJA
Largest movements
- Receivables within one year +€31,629
up €31,629 (+2961.5%), from €1,068 to €32,697
- Cash -€9,144
down €9,144 (-62.8%), from €14,559 to €5,415
mainly Receivables within one year (-€31,629) and Net result for the year (-€5,546)
- Deferred charges and accrued income -€2,065
down €2,065 (-35.8%), from €5,769 to €3,704
- Tangible fixed assets +€651
up €651 (+19.2%), from €3,387 to €4,038
- Tax, wage and social debts +€17,149
up €17,149 (+311.6%), from €5,504 to €22,653
of which Remuneration and social security: +€14,000
- Other debts +€6,173
up €6,173 (+284.6%), from €2,169 to €8,342
- Profit (loss) carried forward -€5,546
down €5,546 (-30.9%), from €17,953 to €12,407
- Trade debts +€3,295
up €3,295 (+152.8%), from €2,157 to €5,452
- Gross operating margin -€5,342
down €5,342, from €5,011 to -€331
- Financial charges -€411
down €411 (-12.0%), from €3,428 to €3,017
- Taxes +€87
up €87 (+37.8%), from €230 to €317
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.
Cash bridge derived
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 | €30,783 | €51,854 | +€21,071 | +68.5% |
| Fixed assets | 21/28 | €9,387 | €10,038 | +€651 | +6.9% |
| Tangible fixed assets | 22/27 | €3,387 | €4,038 | +€651 | +19.2% |
| Furniture and vehicles | 24 | €3,387 | €4,038 | +€651 | +19.2% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €21,396 | €41,816 | +€20,420 | +95.4% |
| Amounts receivable within one year | 40/41 | €1,068 | €32,697 | +€31,629 | +2961.5% |
| Trade receivables | 40 | €1,068 | €32,697 | +€31,629 | +2961.5% |
| Cash at bank and in hand | 54/58 | €14,559 | €5,415 | -€9,144 | -62.8% |
| Deferred charges and accrued income | 490/1 | €5,769 | €3,704 | -€2,065 | -35.8% |
| Total equity and liabilities | 10/49 | €30,783 | €51,854 | +€21,071 | +68.5% |
| Equity | 10/15 | €20,953 | €15,407 | -€5,546 | -26.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,953 | €12,407 | -€5,546 | -30.9% |
| Amounts payable | 17/49 | €9,830 | €36,447 | +€26,617 | +270.8% |
| Amounts payable within one year | 42/48 | €9,830 | €36,447 | +€26,617 | +270.8% |
| Trade debts | 44 | €2,157 | €5,452 | +€3,295 | +152.8% |
| Suppliers | 440/4 | €2,157 | €5,452 | +€3,295 | +152.8% |
| Taxes, remuneration and social security | 45 | €5,504 | €22,653 | +€17,149 | +311.6% |
| Taxes | 450/3 | €3,504 | €6,653 | +€3,149 | +89.9% |
| Remuneration and social security | 454/9 | €2,000 | €16,000 | +€14,000 | +700.0% |
| Other amounts payable | 47/48 | €2,169 | €8,342 | +€6,173 | +284.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,092 | €1,103 | +€11 | +1.0% |
| Other operating charges | 640/8 | €493 | €475 | -€18 | -3.7% |
| Non-recurring operating charges | 66A | - | €310 | +€310 | |
| Gross operating margin | 9900 | €5,011 | -€331 | -€5,342 | |
| Operating profit (loss) | 9901 | €3,426 | -€2,219 | -€5,645 | |
| Financial income | 75/76B | €22 | €7 | -€15 | -68.2% |
| Recurring financial income | 75 | €22 | €7 | -€15 | -68.2% |
| Financial charges | 65/66B | €3,428 | €3,017 | -€411 | -12.0% |
| Recurring financial charges | 65 | €3,428 | €3,017 | -€411 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €20 | -€5,229 | -€5,249 | |
| Income taxes | 67/77 | €230 | €317 | +€87 | +37.8% |
| Profit (loss) for the period | 9904 | -€210 | -€5,546 | -€5,336 | -2541.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€210 | -€5,546 | -€5,336 | -2541.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.