A.J.C.: 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.C.
Largest movements
- Cash -€17,742
down €17,742 (-29.6%), from €59,853 to €42,112
mainly Investment in fixed assets (net) (-€16,202) and Trade debts (-€6,535)
- Tangible fixed assets +€13,262
up €13,262 (+1,160%), from €1,144 to €14,406
- Receivables within one year +€4,733
up €4,733 (+27.3%), from €17,345 to €22,078
of which Trade receivables: +€6,024
- Deferred charges and accrued income -€3,192
down €3,192 (-94.6%), from €3,375 to €183
- Reserves +€7,772
up €7,772 (+16.6%), from €46,714 to €54,486
of which Distributable reserves: +€7,772
- Trade debts -€6,535
down €6,535 (-75.5%), from €8,657 to €2,121
- Accrued charges and deferred income -€2,683
no longer reported in 2025 (was €2,683)
- Tax, wage and social debts -€903
down €903 (-59.3%), from €1,524 to €621
- Depreciation -€4,847
down €4,847 (-62.2%), from €7,787 to €2,940
- Other operating charges -€3,869
down €3,869 (-85.6%), from €4,522 to €653
- Taxes +€2,789
up €2,789 (+183%), from €1,524 to €4,312
- Financial charges -€1,796
down €1,796 (-98.5%), from €1,824 to €27
- Gross operating margin -€651
down €651 (-4.1%), from €15,720 to €15,069
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 | €83,877 | €81,528 | -€2,349 | -2.8% |
| Fixed assets | 21/28 | €1,144 | €14,406 | +€13,262 | +1,160% |
| Tangible fixed assets | 22/27 | €1,144 | €14,406 | +€13,262 | +1,160% |
| Plant, machinery and equipment | 23 | €1,144 | €14,406 | +€13,262 | +1,160% |
| Current assets | 29/58 | €82,733 | €67,122 | -€15,611 | -18.9% |
| Stocks and contracts in progress | 3 | €2,160 | €2,750 | +€590 | +27.3% |
| Stocks | 30/36 | €2,160 | €2,750 | +€590 | +27.3% |
| Amounts receivable within one year | 40/41 | €17,345 | €22,078 | +€4,733 | +27.3% |
| Trade receivables | 40 | €15,994 | €22,018 | +€6,024 | +37.7% |
| Other amounts receivable | 41 | €1,351 | €60 | -€1,291 | -95.6% |
| Cash at bank and in hand | 54/58 | €59,853 | €42,112 | -€17,742 | -29.6% |
| Deferred charges and accrued income | 490/1 | €3,375 | €183 | -€3,192 | -94.6% |
| Total equity and liabilities | 10/49 | €83,877 | €81,528 | -€2,349 | -2.8% |
| Equity | 10/15 | €71,014 | €78,786 | +€7,772 | +10.9% |
| Contributions | 10/11 | €11,250 | €11,250 | = | 0.0% |
| Contributions outside capital | 11 | €11,250 | €11,250 | = | 0.0% |
| Other | 1109/19 | €11,250 | €11,250 | = | 0.0% |
| Reserves | 13 | €46,714 | €54,486 | +€7,772 | +16.6% |
| Tax-exempt reserves | 132 | €2,117 | €2,117 | = | 0.0% |
| Distributable reserves | 133 | €44,597 | €52,369 | +€7,772 | +17.4% |
| Profit (loss) carried forward | 14 | €13,050 | €13,050 | = | 0.0% |
| Amounts payable | 17/49 | €12,863 | €2,742 | -€10,121 | -78.7% |
| Amounts payable within one year | 42/48 | €10,180 | €2,742 | -€7,438 | -73.1% |
| Trade debts | 44 | €8,657 | €2,121 | -€6,535 | -75.5% |
| Suppliers | 440/4 | €8,657 | €2,121 | -€6,535 | -75.5% |
| Taxes, remuneration and social security | 45 | €1,524 | €621 | -€903 | -59.3% |
| Taxes | 450/3 | €1,524 | €621 | -€903 | -59.3% |
| Accrued charges and deferred income | 492/3 | €2,683 | - | -€2,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,787 | €2,940 | -€4,847 | -62.2% |
| Other operating charges | 640/8 | €4,522 | €653 | -€3,869 | -85.6% |
| Gross operating margin | 9900 | €15,720 | €15,069 | -€651 | -4.1% |
| Operating profit (loss) | 9901 | €3,410 | €11,475 | +€8,065 | +236% |
| Financial income | 75/76B | - | €636 | +€636 | |
| Recurring financial income | 75 | - | €636 | +€636 | |
| Financial charges | 65/66B | €1,824 | €27 | -€1,796 | -98.5% |
| Recurring financial charges | 65 | €1,824 | €27 | -€1,796 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €1,587 | €12,084 | +€10,498 | +662% |
| Income taxes | 67/77 | €1,524 | €4,312 | +€2,789 | +183% |
| Profit (loss) for the period | 9904 | €63 | €7,772 | +€7,709 | +12,188% |
| Profit (loss) for the period to be appropriated | 9905 | €63 | €7,772 | +€7,709 | +12,188% |
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 23 October 2026 via checked.be.