RKJ: 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.
RKJ
Largest movements
- Tangible fixed assets +€26,712
new in 2025: €26,712
of which Furniture and vehicles: +€24,618
- Receivables within one year -€14,184
down €14,184 (-53.0%), from €26,761 to €12,578
of which Trade receivables: -€12,673
- Cash -€13,125
down €13,125 (-24.6%), from €53,389 to €40,264
mainly Investment in fixed assets (net) (-€28,488) and Trade debts (-€21,265)
- Stocks and contracts +€1,400
up €1,400 (+127%), from €1,100 to €2,500
- Trade debts -€21,265
down €21,265 (-72.3%), from €29,404 to €8,139
- Reserves +€13,722
up €13,722 (+52.9%), from €25,952 to €39,674
- Other debts +€5,241
up €5,241 (+33.1%), from €15,852 to €21,093
- Tax, wage and social debts +€3,867
up €3,867 (+56.6%), from €6,829 to €10,696
- Gross operating margin -€14,125
down €14,125 (-39.8%), from €35,491 to €21,366
- Taxes -€2,962
down €2,962 (-43.4%), from €6,829 to €3,867
- Depreciation +€1,776
new in 2025: €1,776
- Financial charges -€505
down €505 (-22.5%), from €2,242 to €1,737
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 | €83,438 | €85,003 | +€1,565 | +1.9% |
| Fixed assets | 21/28 | - | €26,712 | +€26,712 | |
| Tangible fixed assets | 22/27 | - | €26,712 | +€26,712 | |
| Plant, machinery and equipment | 23 | - | €2,094 | +€2,094 | |
| Furniture and vehicles | 24 | - | €24,618 | +€24,618 | |
| Current assets | 29/58 | €83,438 | €58,291 | -€25,147 | -30.1% |
| Stocks and contracts in progress | 3 | €1,100 | €2,500 | +€1,400 | +127% |
| Stocks | 30/36 | €1,100 | €2,500 | +€1,400 | +127% |
| Amounts receivable within one year | 40/41 | €26,761 | €12,578 | -€14,184 | -53.0% |
| Trade receivables | 40 | €21,735 | €9,062 | -€12,673 | -58.3% |
| Other amounts receivable | 41 | €5,027 | €3,516 | -€1,511 | -30.1% |
| Cash at bank and in hand | 54/58 | €53,389 | €40,264 | -€13,125 | -24.6% |
| Deferred charges and accrued income | 490/1 | €2,187 | €2,949 | +€761 | +34.8% |
| Total equity and liabilities | 10/49 | €83,438 | €85,003 | +€1,565 | +1.9% |
| Equity | 10/15 | €30,952 | €44,674 | +€13,722 | +44.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,952 | €39,674 | +€13,722 | +52.9% |
| Distributable reserves | 133 | €25,952 | €39,674 | +€13,722 | +52.9% |
| Amounts payable | 17/49 | €52,486 | €40,329 | -€12,157 | -23.2% |
| Amounts payable within one year | 42/48 | €52,085 | €39,928 | -€12,157 | -23.3% |
| Trade debts | 44 | €29,404 | €8,139 | -€21,265 | -72.3% |
| Suppliers | 440/4 | €29,404 | €8,139 | -€21,265 | -72.3% |
| Taxes, remuneration and social security | 45 | €6,829 | €10,696 | +€3,867 | +56.6% |
| Taxes | 450/3 | €6,829 | €10,696 | +€3,867 | +56.6% |
| Other amounts payable | 47/48 | €15,852 | €21,093 | +€5,241 | +33.1% |
| Accrued charges and deferred income | 492/3 | €401 | €401 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,776 | +€1,776 | |
| Other operating charges | 640/8 | €568 | €302 | -€266 | -46.9% |
| Gross operating margin | 9900 | €35,491 | €21,366 | -€14,125 | -39.8% |
| Operating profit (loss) | 9901 | €34,923 | €19,288 | -€15,635 | -44.8% |
| Financial income | 75/76B | €100 | €38 | -€62 | -62.0% |
| Recurring financial income | 75 | €100 | €38 | -€62 | -62.0% |
| Financial charges | 65/66B | €2,242 | €1,737 | -€505 | -22.5% |
| Recurring financial charges | 65 | €2,242 | €1,737 | -€505 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €32,781 | €17,589 | -€15,192 | -46.3% |
| Income taxes | 67/77 | €6,829 | €3,867 | -€2,962 | -43.4% |
| Profit (loss) for the period | 9904 | €25,952 | €13,722 | -€12,230 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,952 | €13,722 | -€12,230 | -47.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.