<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT21
  Version: 20261209.a
  Release date: April, 2026
-->
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    <link:label id="rj-i_IncomeTaxPaidClassifiedAsOperatingActivities_negatedTerseLabel_nl" xlink:label="rj-i_IncomeTaxPaidClassifiedAsOperatingActivities_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Betaalde winstbelasting</link:label>
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    <link:label id="rj-i_RevaluationReserveRealisedRevaluationsThroughOtherReserves_negatedTerseLabel_nl" xlink:label="rj-i_RevaluationReserveRealisedRevaluationsThroughOtherReserves_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Gerealiseerde herwaarderingen via overige reserves</link:label>
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    <link:label id="rj-i_PreferredDividendDeductedFromResultForTheYearDisclosure_negatedTerseLabel_nl" xlink:label="rj-i_PreferredDividendDeductedFromResultForTheYearDisclosure_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Informatieverschaffing over preferent dividend</link:label>
    <link:label id="rj-i_InvestmentPropertiesAdditions_negatedTerseLabel_nl" xlink:label="rj-i_InvestmentPropertiesAdditions_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Investeringen</link:label>
    <link:label id="rj-i_NetResultCashFlow_negatedTerseLabel_nl" xlink:label="rj-i_NetResultCashFlow_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Netto resultaat</link:label>
    <link:label id="rj-i_ProvisionsExchangeDifferences_negatedTerseLabel_nl" xlink:label="rj-i_ProvisionsExchangeDifferences_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Omrekeningsverschillen</link:label>
    <link:label id="rj-i_IncomeExpensesOtherCashFlow_negatedTerseLabel_nl" xlink:label="rj-i_IncomeExpensesOtherCashFlow_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Ontvangen en betaalde overige baten en lasten, per saldo</link:label>
    <link:label id="rj-i_IncorporationAndEmissionExpensesRecordedInIncomeStatement_negatedTerseLabel_nl" xlink:label="rj-i_IncorporationAndEmissionExpensesRecordedInIncomeStatement_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Oprichtings- en emissiekosten</link:label>
    <link:label id="rj-i_PreferredDividendDeductedFromResultForTheYear_negatedTerseLabel_nl" xlink:label="rj-i_PreferredDividendDeductedFromResultForTheYear_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Preferent dividend</link:label>
    <link:label id="rj-i_ImpairmentFinancialAssetsReversalRecordedInIncomeStatement_negatedTerseLabel_nl" xlink:label="rj-i_ImpairmentFinancialAssetsReversalRecordedInIncomeStatement_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Terugneming van bijzondere waardeverminderingen</link:label>
    <link:label id="rj-i_ImpairmentIntangibleAssetsReversalRecordedInIncomeStatement_negatedTerseLabel_nl" xlink:label="rj-i_ImpairmentIntangibleAssetsReversalRecordedInIncomeStatement_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Terugneming van bijzondere waardeverminderingen</link:label>
    <link:label id="rj-i_ProvisionsRelease_negatedTerseLabel_nl" xlink:label="rj-i_ProvisionsRelease_negatedTerseLabel_nl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="nl">Vrijval</link:label>
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