RJM: 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.
RJM
Largest movements
- Cash +€54,644
up €54,644 (+76.5%), from €71,395 to €126,039
mainly Net result for the year (+€144,770) and Current portion of long-term debt (+€24,900)
- Receivables within one year +€36,082
up €36,082 (+533.4%), from €6,764 to €42,846
of which Other amounts receivable: +€28,600
- Profit (loss) carried forward +€142,670
up €142,670 (+221.9%), from €64,285 to €206,955
- Debts after one year -€90,391
down €90,391 (-24.1%), from €375,555 to €285,164
- Current portion of long-term debt +€24,900
up €24,900 (+27.9%), from €89,385 to €114,285
- Gross operating margin +€57,329
up €57,329 (+39.9%), from €143,612 to €200,941
- Taxes +€11,039
up €11,039 (+29.7%), from €37,218 to €48,257
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 | €1,278,159 | €1,368,885 | +€90,726 | +7.1% |
| Fixed assets | 21/28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €78,159 | €168,885 | +€90,726 | +116.1% |
| Amounts receivable within one year | 40/41 | €6,764 | €42,846 | +€36,082 | +533.4% |
| Trade receivables | 40 | €5,000 | €12,482 | +€7,482 | +149.6% |
| Other amounts receivable | 41 | €1,764 | €30,364 | +€28,600 | +1621.3% |
| Cash at bank and in hand | 54/58 | €71,395 | €126,039 | +€54,644 | +76.5% |
| Total equity and liabilities | 10/49 | €1,278,159 | €1,368,885 | +€90,726 | +7.1% |
| Equity | 10/15 | €463,891 | €606,560 | +€142,670 | +30.8% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €214,605 | €214,605 | = | 0.0% |
| Distributable reserves | 133 | €214,605 | €214,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,285 | €206,955 | +€142,670 | +221.9% |
| Amounts payable | 17/49 | €814,268 | €762,324 | -€51,944 | -6.4% |
| Amounts payable after more than one year | 17 | €375,555 | €285,164 | -€90,391 | -24.1% |
| Financial debts | 170/4 | €375,555 | €285,164 | -€90,391 | -24.1% |
| Amounts payable within one year | 42/48 | €437,213 | €475,660 | +€38,447 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €89,385 | €114,285 | +€24,900 | +27.9% |
| Trade debts | 44 | €2,918 | €2,021 | -€897 | -30.7% |
| Suppliers | 440/4 | €2,918 | €2,021 | -€897 | -30.7% |
| Taxes, remuneration and social security | 45 | €44,910 | €57,254 | +€12,344 | +27.5% |
| Taxes | 450/3 | €44,910 | €57,254 | +€12,344 | +27.5% |
| Other amounts payable | 47/48 | €300,000 | €302,100 | +€2,100 | +0.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,148 | +€181 | +18.7% |
| Gross operating margin | 9900 | €143,612 | €200,941 | +€57,329 | +39.9% |
| Operating profit (loss) | 9901 | €142,645 | €199,793 | +€57,148 | +40.1% |
| Financial income | 75/76B | - | €121 | +€121 | |
| Recurring financial income | 75 | - | €121 | +€121 | |
| Financial charges | 65/66B | €7,308 | €6,888 | -€420 | -5.7% |
| Recurring financial charges | 65 | €7,308 | €6,888 | -€420 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €135,337 | €193,026 | +€57,689 | +42.6% |
| Income taxes | 67/77 | €37,218 | €48,257 | +€11,039 | +29.7% |
| Profit (loss) for the period | 9904 | €98,119 | €144,770 | +€46,650 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €98,119 | €144,770 | +€46,650 | +47.5% |
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 6 October 2026 via checked.be.