A.J.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.J.
Largest movements
- Tangible fixed assets -€69,707
down €69,707 (-23.9%), from €291,853 to €222,146
of which Land and buildings: -€68,550
- Receivables within one year +€17,758
up €17,758 (+5.0%), from €355,563 to €373,321
- Accrued charges and deferred income +€71,161
new in 2025: €71,161
- Other debts -€66,357
down €66,357 (-16.9%), from €393,486 to €327,129
- Reserves -€51,091
down €51,091 (-31.6%), from €161,589 to €110,498
of which Distributable reserves: -€51,091
- Financial charges +€13,873
up €13,873 (+59.8%), from €23,218 to €37,090
- Gross operating margin -€4,187
down €4,187 (-8.8%), from €47,724 to €43,537
- Financial income +€846
up €846 (+5.0%), from €16,913 to €17,758
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 | €1,085,477 | €1,037,478 | -€47,999 | -4.4% |
| Fixed assets | 21/28 | €650,596 | €580,889 | -€69,707 | -10.7% |
| Tangible fixed assets | 22/27 | €291,853 | €222,146 | -€69,707 | -23.9% |
| Land and buildings | 22 | €288,059 | €219,509 | -€68,550 | -23.8% |
| Plant, machinery and equipment | 23 | €3,393 | €2,437 | -€957 | -28.2% |
| Furniture and vehicles | 24 | €400 | €200 | -€200 | -50.0% |
| Financial fixed assets | 28 | €358,743 | €358,743 | = | 0.0% |
| Current assets | 29/58 | €434,881 | €456,589 | +€21,708 | +5.0% |
| Amounts receivable within one year | 40/41 | €355,563 | €373,321 | +€17,758 | +5.0% |
| Other amounts receivable | 41 | €355,563 | €373,321 | +€17,758 | +5.0% |
| Cash at bank and in hand | 54/58 | €69,319 | €73,268 | +€3,949 | +5.7% |
| Deferred charges and accrued income | 490/1 | €10,000 | €10,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,085,477 | €1,037,478 | -€47,999 | -4.4% |
| Equity | 10/15 | €180,139 | €129,048 | -€51,091 | -28.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €161,589 | €110,498 | -€51,091 | -31.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €159,734 | €108,643 | -€51,091 | -32.0% |
| Amounts payable | 17/49 | €905,338 | €908,430 | +€3,092 | +0.3% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €405,338 | €337,269 | -€68,069 | -16.8% |
| Trade debts | 44 | €4,102 | €2,390 | -€1,712 | -41.7% |
| Suppliers | 440/4 | €4,102 | €2,390 | -€1,712 | -41.7% |
| Taxes, remuneration and social security | 45 | €7,750 | €7,750 | = | 0.0% |
| Taxes | 450/3 | €4,350 | €4,350 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 47/48 | €393,486 | €327,129 | -€66,357 | -16.9% |
| Accrued charges and deferred income | 492/3 | - | €71,161 | +€71,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,642 | €69,707 | +€65 | +0.1% |
| Other operating charges | 640/8 | €5,356 | €5,589 | +€233 | +4.3% |
| Gross operating margin | 9900 | €47,724 | €43,537 | -€4,187 | -8.8% |
| Operating profit (loss) | 9901 | -€27,274 | -€31,759 | -€4,485 | -16.4% |
| Financial income | 75/76B | €16,913 | €17,758 | +€846 | +5.0% |
| Recurring financial income | 75 | €16,913 | €17,758 | +€846 | +5.0% |
| Financial charges | 65/66B | €23,218 | €37,090 | +€13,873 | +59.8% |
| Recurring financial charges | 65 | €23,218 | €37,090 | +€13,873 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,579 | -€51,091 | -€17,512 | -52.2% |
| Profit (loss) for the period | 9904 | -€33,579 | -€51,091 | -€17,512 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,579 | -€51,091 | -€17,512 | -52.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.