RJB BELGIUM: what changed
What changed
RJB BELGIUM
filed annual accounts (NBB)
Net result for the year
€262,094
2024 · €111,344+€150,751
Equity
€18.2m
2024 · €18.0m+€262,094
Cash
€2.2m
2024 · €2.1m+€100,769
Balance sheet total
€26.3m
2024 · €26.9m-€636,715
Largest movements
Assets
- Tangible fixed assets -€737,460
down €737,460 (-3.0%), from €24.8m to €24.1m
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-14.0%), from €7.9m to €6.8m
of which Financial debts: -€1.1m
- Reserves +€614,239
up €614,239 (+23.2%), from €2.6m to €3.3m
of which Distributable reserves: +€614,239
- Revaluation surpluses -€352,145
down €352,145 (-2.7%), from €13.2m to €12.9m
Income statement
- Gross operating margin +€201,514
up €201,514 (+13.8%), from €1.5m to €1.7m
- Financial charges +€53,242
up €53,242 (+18.2%), from €293,313 to €346,555
- Depreciation -€30,754
down €30,754 (-4.0%), from €768,213 to €737,460
- Taxes +€26,436
up €26,436 (+12.7%), from €208,341 to €234,777
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€111,344
Gross operating margin
+€201,514
Depreciation
+€30,754
Other operating charges
-€1,839
Financial charges
-€53,242
Taxes
-€26,436
Result 2025
€262,094
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
+€25
Financing
-€1.1m
Cash 2024
€2.1m
From operations (derived)
+€1.2m
Net result for the year
+€262,094
Depreciation
+€737,460
Trade debts
+€1,321
Tax, wage and social debts
+€84,777
Other debts
+€138,418
Accrued charges and deferred income
-€23,325
Investment (derived)
+€25
Investment in fixed assets (net)
+€25
Financing
-€1.1m
Debts after one year
-€1.1m
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,919,100 | €26,282,385 | -€636,715 | -2.4% |
| Fixed assets | 21/28 | €24,799,989 | €24,062,505 | -€737,484 | -3.0% |
| Tangible fixed assets | 22/27 | €24,799,965 | €24,062,505 | -€737,460 | -3.0% |
| Land and buildings | 22 | €24,799,965 | €24,062,505 | -€737,460 | -3.0% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €2,119,111 | €2,219,880 | +€100,769 | +4.8% |
| Cash at bank and in hand | 54/58 | €2,119,111 | €2,219,880 | +€100,769 | +4.8% |
| Total equity and liabilities | 10/49 | €26,919,100 | €26,282,385 | -€636,715 | -2.4% |
| Equity | 10/15 | €17,972,630 | €18,234,724 | +€262,094 | +1.5% |
| Contributions | 10/11 | €2,120,420 | €2,120,420 | = | 0.0% |
| Revaluation surpluses | 12 | €13,206,677 | €12,854,533 | -€352,145 | -2.7% |
| Reserves | 13 | €2,645,533 | €3,259,771 | +€614,239 | +23.2% |
| Non-distributable reserves | 130/1 | €140,925 | €140,925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €140,925 | €140,925 | = | 0.0% |
| Distributable reserves | 133 | €2,504,608 | €3,118,846 | +€614,239 | +24.5% |
| Amounts payable | 17/49 | €8,946,470 | €8,047,661 | -€898,809 | -10.0% |
| Amounts payable after more than one year | 17 | €7,875,000 | €6,775,000 | -€1.1m | -14.0% |
| Financial debts | 170/4 | €7,600,000 | €6,500,000 | -€1.1m | -14.5% |
| Other amounts payable | 178/9 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €927,007 | €1,151,523 | +€224,516 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €600,000 | €600,000 | = | 0.0% |
| Trade debts | 44 | - | €1,321 | +€1,321 | |
| Suppliers | 440/4 | - | €1,321 | +€1,321 | |
| Taxes, remuneration and social security | 45 | €166,467 | €251,243 | +€84,777 | +50.9% |
| Taxes | 450/3 | €166,467 | €251,243 | +€84,777 | +50.9% |
| Other amounts payable | 47/48 | €160,540 | €298,958 | +€138,418 | +86.2% |
| Accrued charges and deferred income | 492/3 | €144,463 | €121,139 | -€23,325 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768,213 | €737,460 | -€30,754 | -4.0% |
| Other operating charges | 640/8 | €81,763 | €83,602 | +€1,839 | +2.2% |
| Gross operating margin | 9900 | €1,462,974 | €1,664,487 | +€201,514 | +13.8% |
| Operating profit (loss) | 9901 | €612,997 | €843,426 | +€230,429 | +37.6% |
| Financial charges | 65/66B | €293,313 | €346,555 | +€53,242 | +18.2% |
| Recurring financial charges | 65 | €293,313 | €346,555 | +€53,242 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €319,685 | €496,871 | +€177,186 | +55.4% |
| Income taxes | 67/77 | €208,341 | €234,777 | +€26,436 | +12.7% |
| Profit (loss) for the period | 9904 | €111,344 | €262,094 | +€150,751 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €111,344 | €262,094 | +€150,751 | +135% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.