A & J: 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.
A & J
Largest movements
- Receivables within one year -€55,734
down €55,734 (-17.2%), from €324,456 to €268,722
of which Trade receivables: -€75,036
- Tangible fixed assets +€15,628
up €15,628 (+17.5%), from €89,468 to €105,096
of which Furniture and vehicles: +€25,923
- Trade debts -€48,456
down €48,456 (-38.0%), from €127,580 to €79,124
- Profit (loss) carried forward +€8,836
up €8,836 (+4.1%), from €214,036 to €222,872
- Current portion of long-term debt -€7,233
down €7,233 (-18.9%), from €38,358 to €31,125
- Gross operating margin -€68,167
down €68,167 (-28.8%), from €236,376 to €168,208
- Staff costs -€48,439
down €48,439 (-28.1%), from €172,508 to €124,070
- Financial charges +€9,203
up €9,203 (+56.4%), from €16,321 to €25,524
- Other operating charges -€6,216
down €6,216 (-73.3%), from €8,484 to €2,268
- Financial income +€3,926
up €3,926 (+83.6%), from €4,694 to €8,620
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 | €450,793 | €402,712 | -€48,081 | -10.7% |
| Fixed assets | 21/28 | €89,468 | €105,096 | +€15,628 | +17.5% |
| Tangible fixed assets | 22/27 | €89,468 | €105,096 | +€15,628 | +17.5% |
| Land and buildings | 22 | €68,459 | €64,528 | -€3,931 | -5.7% |
| Plant, machinery and equipment | 23 | €4,395 | €2,760 | -€1,635 | -37.2% |
| Furniture and vehicles | 24 | €471 | €26,394 | +€25,923 | +5,508% |
| Leasing and similar rights | 25 | €16,143 | €11,414 | -€4,729 | -29.3% |
| Current assets | 29/58 | €361,325 | €297,616 | -€63,709 | -17.6% |
| Stocks and contracts in progress | 3 | €24,452 | €20,207 | -€4,245 | -17.4% |
| Stocks | 30/36 | €24,452 | €20,207 | -€4,245 | -17.4% |
| Amounts receivable within one year | 40/41 | €324,456 | €268,722 | -€55,734 | -17.2% |
| Trade receivables | 40 | €170,036 | €95,000 | -€75,036 | -44.1% |
| Other amounts receivable | 41 | €154,420 | €173,722 | +€19,303 | +12.5% |
| Cash at bank and in hand | 54/58 | €12,418 | €8,688 | -€3,730 | -30.0% |
| Total equity and liabilities | 10/49 | €450,793 | €402,712 | -€48,081 | -10.7% |
| Equity | 10/15 | €234,496 | €243,332 | +€8,836 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €214,036 | €222,872 | +€8,836 | +4.1% |
| Amounts payable | 17/49 | €216,297 | €159,380 | -€56,917 | -26.3% |
| Amounts payable after more than one year | 17 | €44,188 | €41,878 | -€2,310 | -5.2% |
| Financial debts | 170/4 | €44,188 | €41,878 | -€2,310 | -5.2% |
| Amounts payable within one year | 42/48 | €169,953 | €117,502 | -€52,451 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €38,358 | €31,125 | -€7,233 | -18.9% |
| Trade debts | 44 | €127,580 | €79,124 | -€48,456 | -38.0% |
| Suppliers | 440/4 | €127,580 | €79,124 | -€48,456 | -38.0% |
| Taxes, remuneration and social security | 45 | €4,015 | €7,253 | +€3,238 | +80.6% |
| Taxes | 450/3 | - | €3,172 | +€3,172 | |
| Remuneration and social security | 454/9 | €4,015 | €4,081 | +€66 | +1.7% |
| Accrued charges and deferred income | 492/3 | €2,157 | - | -€2,157 | |
| Remuneration, social security and pensions | 62 | €172,508 | €124,070 | -€48,439 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,931 | €12,959 | +€2,028 | +18.5% |
| Other operating charges | 640/8 | €8,484 | €2,268 | -€6,216 | -73.3% |
| Gross operating margin | 9900 | €236,376 | €168,208 | -€68,167 | -28.8% |
| Operating profit (loss) | 9901 | €44,452 | €28,913 | -€15,539 | -35.0% |
| Financial income | 75/76B | €4,694 | €8,620 | +€3,926 | +83.6% |
| Recurring financial income | 75 | €4,694 | €8,620 | +€3,926 | +83.6% |
| Financial charges | 65/66B | €16,321 | €25,524 | +€9,203 | +56.4% |
| Recurring financial charges | 65 | €16,321 | €25,524 | +€9,203 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €32,825 | €12,008 | -€20,817 | -63.4% |
| Income taxes | 67/77 | €6,441 | €3,172 | -€3,270 | -50.8% |
| Profit (loss) for the period | 9904 | €26,384 | €8,836 | -€17,547 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,384 | €8,836 | -€17,547 | -66.5% |
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.