RJS HOLDING: 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.
RJS HOLDING
Largest movements
- Financial fixed assets -€450,000
no longer reported in 2025 (was €450,000)
- Tangible fixed assets +€449,038
new in 2025: €449,038
of which Land and buildings: +€447,808
- Deferred charges and accrued income +€5,784
new in 2025: €5,784
- Other debts -€52,300
down €52,300 (-55.2%), from €94,774 to €42,473
- Debts after one year +€39,030
up €39,030 (+14.8%), from €263,549 to €302,579
of which Other amounts payable: +€48,000
- Current portion of long-term debt +€9,535
up €9,535 (+39.1%), from €24,360 to €33,895
- Tax, wage and social debts +€6,725
up €6,725 (+1,035%), from €650 to €7,375
- Trade debts +€6,101
up €6,101 (+5,042%), from €121 to €6,222
- Gross operating margin +€22,887
up €22,887 (+199%), from €11,528 to €34,414
- Depreciation +€21,170
new in 2025: €21,170
- Taxes +€3,208
up €3,208 (+511%), from €628 to €3,836
- Other operating charges +€2,859
up €2,859 (+411%), from €695 to €3,554
- Financial charges +€1,662
up €1,662 (+20.0%), from €8,329 to €9,992
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 | €451,231 | €459,194 | +€7,963 | +1.8% |
| Fixed assets | 21/28 | €450,000 | €449,038 | -€962 | -0.2% |
| Tangible fixed assets | 22/27 | - | €449,038 | +€449,038 | |
| Land and buildings | 22 | - | €447,808 | +€447,808 | |
| Plant, machinery and equipment | 23 | - | €1,230 | +€1,230 | |
| Financial fixed assets | 28 | €450,000 | - | -€450,000 | |
| Current assets | 29/58 | €1,231 | €10,156 | +€8,925 | +725% |
| Amounts receivable within one year | 40/41 | €409 | - | -€409 | |
| Trade receivables | 40 | €409 | - | -€409 | |
| Cash at bank and in hand | 54/58 | €823 | €4,372 | +€3,550 | +431% |
| Deferred charges and accrued income | 490/1 | - | €5,784 | +€5,784 | |
| Total equity and liabilities | 10/49 | €451,231 | €459,194 | +€7,963 | +1.8% |
| Equity | 10/15 | €67,778 | €63,641 | -€4,136 | -6.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,778 | -€359 | -€4,136 | |
| Amounts payable | 17/49 | €383,454 | €395,553 | +€12,099 | +3.2% |
| Amounts payable after more than one year | 17 | €263,549 | €302,579 | +€39,030 | +14.8% |
| Financial debts | 170/4 | €263,549 | €254,579 | -€8,970 | -3.4% |
| Other amounts payable | 178/9 | - | €48,000 | +€48,000 | |
| Amounts payable within one year | 42/48 | €119,905 | €89,966 | -€29,939 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €24,360 | €33,895 | +€9,535 | +39.1% |
| Trade debts | 44 | €121 | €6,222 | +€6,101 | +5,042% |
| Suppliers | 440/4 | €121 | €6,222 | +€6,101 | +5,042% |
| Taxes, remuneration and social security | 45 | €650 | €7,375 | +€6,725 | +1,035% |
| Taxes | 450/3 | €650 | €7,375 | +€6,725 | +1,035% |
| Other amounts payable | 47/48 | €94,774 | €42,473 | -€52,300 | -55.2% |
| Accrued charges and deferred income | 492/3 | - | €3,009 | +€3,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,170 | +€21,170 | |
| Other operating charges | 640/8 | €695 | €3,554 | +€2,859 | +411% |
| Gross operating margin | 9900 | €11,528 | €34,414 | +€22,887 | +199% |
| Operating profit (loss) | 9901 | €10,833 | €9,690 | -€1,143 | -10.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,329 | €9,992 | +€1,662 | +20.0% |
| Recurring financial charges | 65 | €8,329 | €9,992 | +€1,662 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €2,503 | -€301 | -€2,804 | |
| Income taxes | 67/77 | €628 | €3,836 | +€3,208 | +511% |
| Profit (loss) for the period | 9904 | €1,876 | -€4,136 | -€6,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,876 | -€4,136 | -€6,012 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.