A.J.L.: 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.L.
Largest movements
- Tangible fixed assets -€2,202
down €2,202 (-8.4%), from €26,284 to €24,083
of which Land and buildings: -€1,623
- Cash +€306
up €306 (+2,770%), from €11 to €317
mainly Other debts (+€2,687) and Depreciation (+€2,202)
- Profit (loss) carried forward -€4,460
down €4,460 (-12.6%), from -€35,335 to -€39,795
- Other debts +€2,687
up €2,687 (+8.1%), from €33,080 to €35,768
- Gross operating margin +€307
up €307 (+52.9%), from -€581 to -€274
- Financial charges -€130
down €130 (-35.4%), from €368 to €238
- Other operating charges +€54
up €54 (+3.2%), from €1,693 to €1,747
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 | €26,563 | €24,668 | -€1,895 | -7.1% |
| Fixed assets | 21/28 | €26,552 | €24,351 | -€2,202 | -8.3% |
| Intangible fixed assets | 21 | €248 | €248 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,284 | €24,083 | -€2,202 | -8.4% |
| Land and buildings | 22 | €21,607 | €19,984 | -€1,623 | -7.5% |
| Other tangible fixed assets | 26 | €4,678 | €4,099 | -€579 | -12.4% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €11 | €317 | +€306 | +2,770% |
| Cash at bank and in hand | 54/58 | €11 | €317 | +€306 | +2,770% |
| Total equity and liabilities | 10/49 | €26,563 | €24,668 | -€1,895 | -7.1% |
| Equity | 10/15 | -€13,335 | -€17,795 | -€4,460 | -33.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,335 | -€39,795 | -€4,460 | -12.6% |
| Amounts payable | 17/49 | €39,899 | €42,463 | +€2,564 | +6.4% |
| Amounts payable within one year | 42/48 | €33,080 | €35,768 | +€2,687 | +8.1% |
| Other amounts payable | 47/48 | €33,080 | €35,768 | +€2,687 | +8.1% |
| Accrued charges and deferred income | 492/3 | €6,818 | €6,695 | -€123 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €2,202 | = | 0.0% |
| Other operating charges | 640/8 | €1,693 | €1,747 | +€54 | +3.2% |
| Gross operating margin | 9900 | -€581 | -€274 | +€307 | +52.9% |
| Operating profit (loss) | 9901 | -€4,476 | -€4,222 | +€253 | +5.7% |
| Financial charges | 65/66B | €368 | €238 | -€130 | -35.4% |
| Recurring financial charges | 65 | €368 | €238 | -€130 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,844 | -€4,460 | +€384 | +7.9% |
| Profit (loss) for the period | 9904 | -€4,844 | -€4,460 | +€384 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,844 | -€4,460 | +€384 | +7.9% |
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 15 October 2026 via checked.be.