A.J. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Receivables within one year -€54,665
down €54,665 (-44.4%), from €123,091 to €68,426
of which Trade receivables: -€54,749
- Debts after one year -€305,926
down €305,926 (-48.8%), from €626,913 to €320,988
of which Other amounts payable: -€300,282
- Other debts +€215,259
new in 2024: €215,259
- Short-term financial debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tax, wage and social debts +€27,931
up €27,931 (+324%), from €8,633 to €36,564
- Profit (loss) carried forward +€27,219
up €27,219 (+7.6%), from €356,058 to €383,277
- Gross operating margin -€146,868
down €146,868 (-62.4%), from €235,385 to €88,517
- Taxes -€17,460
down €17,460 (-60.1%), from €29,028 to €11,568
- Financial charges +€10,152
up €10,152 (+44.7%), from €22,689 to €32,841
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,223,556 | €1,159,637 | -€63,918 | -5.2% |
| Fixed assets | 21/28 | €1,100,070 | €1,088,706 | -€11,364 | -1.0% |
| Tangible fixed assets | 22/27 | €181,622 | €170,258 | -€11,364 | -6.3% |
| Land and buildings | 22 | €181,622 | €170,258 | -€11,364 | -6.3% |
| Financial fixed assets | 28 | €918,448 | €918,448 | = | 0.0% |
| Current assets | 29/58 | €123,486 | €70,932 | -€52,554 | -42.6% |
| Amounts receivable within one year | 40/41 | €123,091 | €68,426 | -€54,665 | -44.4% |
| Trade receivables | 40 | €104,749 | €50,000 | -€54,749 | -52.3% |
| Other amounts receivable | 41 | €18,342 | €18,426 | +€84 | +0.5% |
| Cash at bank and in hand | 54/58 | €395 | €2,029 | +€1,634 | +413% |
| Deferred charges and accrued income | 490/1 | €0 | €477 | +€477 | |
| Total equity and liabilities | 10/49 | €1,223,556 | €1,159,637 | -€63,918 | -5.2% |
| Equity | 10/15 | €424,258 | €451,477 | +€27,219 | +6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,058 | €383,277 | +€27,219 | +7.6% |
| Provisions and deferred taxes | 16 | €126,000 | €126,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €126,000 | €126,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €126,000 | €126,000 | = | 0.0% |
| Amounts payable | 17/49 | €673,298 | €582,161 | -€91,137 | -13.5% |
| Amounts payable after more than one year | 17 | €626,913 | €320,988 | -€305,926 | -48.8% |
| Financial debts | 170/4 | €41,742 | €36,098 | -€5,644 | -13.5% |
| Other amounts payable | 178/9 | €585,172 | €284,890 | -€300,282 | -51.3% |
| Amounts payable within one year | 42/48 | €46,285 | €261,173 | +€214,888 | +464% |
| Current portion of amounts payable after more than one year | 42 | €6,064 | €5,644 | -€419 | -6.9% |
| Financial debts | 43 | €30,000 | €0 | -€30,000 | -100% |
| Credit institutions | 430/8 | €30,000 | €0 | -€30,000 | -100% |
| Trade debts | 44 | €1,588 | €3,706 | +€2,118 | +133% |
| Suppliers | 440/4 | €1,588 | €3,706 | +€2,118 | +133% |
| Taxes, remuneration and social security | 45 | €8,633 | €36,564 | +€27,931 | +324% |
| Taxes | 450/3 | €8,633 | €36,564 | +€27,931 | +324% |
| Other amounts payable | 47/48 | - | €215,259 | +€215,259 | |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,036 | €11,364 | +€328 | +3.0% |
| Other operating charges | 640/8 | €6,879 | €6,607 | -€272 | -4.0% |
| Gross operating margin | 9900 | €235,385 | €88,517 | -€146,868 | -62.4% |
| Operating profit (loss) | 9901 | €217,470 | €70,545 | -€146,925 | -67.6% |
| Financial income | 75/76B | €755 | €1,084 | +€329 | +43.6% |
| Recurring financial income | 75 | €755 | €1,084 | +€329 | +43.6% |
| Financial charges | 65/66B | €22,689 | €32,841 | +€10,152 | +44.7% |
| Recurring financial charges | 65 | €22,689 | €32,841 | +€10,152 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €195,535 | €38,788 | -€156,748 | -80.2% |
| Income taxes | 67/77 | €29,028 | €11,568 | -€17,460 | -60.1% |
| Profit (loss) for the period | 9904 | €166,507 | €27,219 | -€139,288 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €166,507 | €27,219 | -€139,288 | -83.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.