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.
REJAN
Largest movements
- Cash +€302,904
up €302,904 (+2611.5%), from €11,599 to €314,503
mainly Net result for the year (+€198,426) and Investment in fixed assets (net) (+€84,206)
- Tangible fixed assets -€85,070
down €85,070 (-44.7%), from €190,440 to €105,369
of which Land and buildings: -€82,850
- Receivables within one year +€5,343
up €5,343 (+41.3%), from €12,949 to €18,292
- Reserves +€198,426
up €198,426 (+7948.9%), from €2,496 to €200,922
- Tax, wage and social debts +€20,273
new in 2025: €20,273
- Gross operating margin +€286,783
up €286,783, from -€1,103 to €285,680
- Taxes +€85,273
new in 2025: €85,273
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 | €216,776 | €438,164 | +€221,388 | +102.1% |
| Fixed assets | 21/28 | €190,440 | €105,369 | -€85,070 | -44.7% |
| Tangible fixed assets | 22/27 | €190,440 | €105,369 | -€85,070 | -44.7% |
| Land and buildings | 22 | €187,399 | €104,549 | -€82,850 | -44.2% |
| Plant, machinery and equipment | 23 | €3,041 | €820 | -€2,221 | -73.0% |
| Current assets | 29/58 | €26,336 | €332,795 | +€306,458 | +1163.6% |
| Amounts receivable within one year | 40/41 | €12,949 | €18,292 | +€5,343 | +41.3% |
| Other amounts receivable | 41 | €12,949 | €18,292 | +€5,343 | +41.3% |
| Cash at bank and in hand | 54/58 | €11,599 | €314,503 | +€302,904 | +2611.5% |
| Deferred charges and accrued income | 490/1 | €1,789 | €0 | -€1,789 | -100.0% |
| Total equity and liabilities | 10/49 | €216,776 | €438,164 | +€221,388 | +102.1% |
| Equity | 10/15 | €215,249 | €413,675 | +€198,426 | +92.2% |
| Contributions | 10/11 | €24,963 | €24,963 | = | 0.0% |
| Reserves | 13 | €2,496 | €200,922 | +€198,426 | +7948.9% |
| Distributable reserves | 133 | €2,496 | €200,922 | +€198,426 | +7948.9% |
| Profit (loss) carried forward | 14 | €187,790 | €187,790 | = | 0.0% |
| Amounts payable | 17/49 | €1,527 | €24,489 | +€22,962 | +1503.7% |
| Amounts payable within one year | 42/48 | €1,527 | €24,489 | +€22,962 | +1503.7% |
| Trade debts | 44 | €378 | €3,067 | +€2,689 | +711.5% |
| Suppliers | 440/4 | €378 | €3,067 | +€2,689 | +711.5% |
| Taxes, remuneration and social security | 45 | - | €20,273 | +€20,273 | |
| Taxes | 450/3 | - | €20,273 | +€20,273 | |
| Other amounts payable | 47/48 | €1,149 | €1,149 | = | 0.0% |
| Non-recurring operating income | 76A | - | €289,134 | +€289,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,489 | €864 | -€1,625 | -65.3% |
| Other operating charges | 640/8 | €3,134 | €1,591 | -€1,543 | -49.2% |
| Gross operating margin | 9900 | -€1,103 | €285,680 | +€286,783 | |
| Operating profit (loss) | 9901 | -€6,726 | €283,225 | +€289,951 | |
| Financial income | 75/76B | €569 | €543 | -€26 | -4.5% |
| Recurring financial income | 75 | €569 | €543 | -€26 | -4.5% |
| Financial charges | 65/66B | €81 | €69 | -€11 | -14.2% |
| Recurring financial charges | 65 | €81 | €69 | -€11 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,238 | €283,699 | +€289,937 | |
| Income taxes | 67/77 | - | €85,273 | +€85,273 | |
| Profit (loss) for the period | 9904 | -€6,238 | €198,426 | +€204,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,238 | €198,426 | +€204,664 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.