RPJ CONSULT: 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.
RPJ CONSULT
Largest movements
- Receivables within one year +€219,184
up €219,184 (+447%), from €48,990 to €268,174
of which Other amounts receivable: +€182,246
- Cash -€93,721
down €93,721 (-17.5%), from €534,612 to €440,892
mainly Receivables within one year (-€219,184) and Debts after one year (-€23,745)
- Tangible fixed assets -€26,471
down €26,471 (-2.1%), from €1.3m to €1.2m
of which Land and buildings: -€25,158
- Reserves +€77,946
up €77,946 (+12.3%), from €634,122 to €712,068
of which Distributable reserves: +€77,946
- Tax, wage and social debts +€27,533
up €27,533 (+113%), from €24,451 to €51,985
of which Taxes: +€23,369
- Debts after one year -€23,745
down €23,745 (-3.1%), from €777,862 to €754,116
of which Financial debts: -€23,745
- Gross operating margin +€89,770
up €89,770 (+99.5%), from €90,181 to €179,951
- Taxes +€26,231
up €26,231 (+296%), from €8,870 to €35,101
- Depreciation +€11,561
up €11,561 (+30.5%), from €37,881 to €49,442
- Other operating charges -€10,484
down €10,484 (-82.6%), from €12,694 to €2,210
- Financial charges +€4,093
up €4,093 (+24.0%), from €17,090 to €21,184
of which Financial charges: +€4,661
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 | €1,837,763 | €1,939,063 | +€101,300 | +5.5% |
| Fixed assets | 21/28 | €1,250,076 | €1,223,605 | -€26,471 | -2.1% |
| Tangible fixed assets | 22/27 | €1,250,076 | €1,223,605 | -€26,471 | -2.1% |
| Land and buildings | 22 | €1,243,085 | €1,217,927 | -€25,158 | -2.0% |
| Furniture and vehicles | 24 | €6,990 | €5,677 | -€1,313 | -18.8% |
| Current assets | 29/58 | €587,687 | €715,458 | +€127,771 | +21.7% |
| Amounts receivable within one year | 40/41 | €48,990 | €268,174 | +€219,184 | +447% |
| Trade receivables | 40 | €9,055 | €45,992 | +€36,938 | +408% |
| Other amounts receivable | 41 | €39,936 | €222,182 | +€182,246 | +456% |
| Cash at bank and in hand | 54/58 | €534,612 | €440,892 | -€93,721 | -17.5% |
| Deferred charges and accrued income | 490/1 | €4,084 | €6,392 | +€2,308 | +56.5% |
| Total equity and liabilities | 10/49 | €1,837,763 | €1,939,063 | +€101,300 | +5.5% |
| Equity | 10/15 | €951,891 | €1,029,837 | +€77,946 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €634,122 | €712,068 | +€77,946 | +12.3% |
| Tax-exempt reserves | 132 | €8,378 | €8,378 | = | 0.0% |
| Distributable reserves | 133 | €625,744 | €703,691 | +€77,946 | +12.5% |
| Profit (loss) carried forward | 14 | €311,569 | €311,569 | = | 0.0% |
| Amounts payable | 17/49 | €885,872 | €909,226 | +€23,354 | +2.6% |
| Amounts payable after more than one year | 17 | €777,862 | €754,116 | -€23,745 | -3.1% |
| Financial debts | 170/4 | €776,066 | €752,321 | -€23,745 | -3.1% |
| Other amounts payable | 178/9 | €1,796 | €1,796 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,623 | €155,109 | +€49,487 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €73,137 | €80,292 | +€7,155 | +9.8% |
| Trade debts | 44 | €8,013 | €20,203 | +€12,189 | +152% |
| Suppliers | 440/4 | €8,013 | €20,203 | +€12,189 | +152% |
| Taxes, remuneration and social security | 45 | €24,451 | €51,985 | +€27,533 | +113% |
| Taxes | 450/3 | €22,268 | €45,637 | +€23,369 | +105% |
| Remuneration and social security | 454/9 | €2,183 | €6,347 | +€4,165 | +191% |
| Other amounts payable | 47/48 | €22 | €2,630 | +€2,609 | +12,127% |
| Accrued charges and deferred income | 492/3 | €2,388 | - | -€2,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,881 | €49,442 | +€11,561 | +30.5% |
| Other operating charges | 640/8 | €12,694 | €2,210 | -€10,484 | -82.6% |
| Gross operating margin | 9900 | €90,181 | €179,951 | +€89,770 | +99.5% |
| Operating profit (loss) | 9901 | €39,606 | €128,299 | +€88,693 | +224% |
| Financial income | 75/76B | €4,600 | €5,932 | +€1,332 | +28.9% |
| Recurring financial income | 75 | €4,600 | €5,932 | +€1,332 | +28.9% |
| Financial charges | 65/66B | €17,090 | €21,184 | +€4,093 | +24.0% |
| Recurring financial charges | 65 | €16,523 | €21,184 | +€4,661 | +28.2% |
| Non-recurring financial charges | 66B | €568 | - | -€568 | |
| Profit (loss) for the period before taxes | 9903 | €27,116 | €113,048 | +€85,931 | +317% |
| Income taxes | 67/77 | €8,870 | €35,101 | +€26,231 | +296% |
| Profit (loss) for the period | 9904 | €18,246 | €77,946 | +€59,700 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €18,246 | €77,946 | +€59,700 | +327% |
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 15 October 2026 via checked.be.