A J N S: 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 N S
Largest movements
- Tangible fixed assets -€15,979
down €15,979 (-75.9%), from €21,043 to €5,064
- Cash -€8,543
down €8,543 (-43.0%), from €19,879 to €11,336
mainly Net result for the year (-€16,402) and Debts after one year (-€11,064)
- Stocks and contracts -€6,440
down €6,440 (-21.7%), from €29,738 to €23,298
- Receivables within one year +€2,259
up €2,259 (+46.4%), from €4,872 to €7,131
of which Trade receivables: +€2,347
- Profit (loss) carried forward -€16,402
down €16,402 (-338%), from -€4,851 to -€21,253
- Debts after one year -€11,064
down €11,064 (-43.1%), from €25,688 to €14,625
- Tax, wage and social debts -€1,875
down €1,875 (-22.1%), from €8,492 to €6,617
of which Taxes: -€2,432
- Turnover -€43,796
down €43,796 (-23.8%), from €183,895 to €140,098
- Purchases and services -€39,238
down €39,238 (-23.9%), from €164,176 to €124,937
- Depreciation -€7,216
down €7,216 (-40.9%), from €17,629 to €10,413
- Financial charges +€6,401
up €6,401 (+145%), from €4,400 to €10,801
of which Non-recurring financial charges: +€6,565
- Staff costs +€4,093
up €4,093 (+44.2%), from €9,262 to €13,355
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 | €76,031 | €46,829 | -€29,203 | -38.4% |
| Fixed assets | 21/28 | €21,043 | €5,064 | -€15,979 | -75.9% |
| Tangible fixed assets | 22/27 | €21,043 | €5,064 | -€15,979 | -75.9% |
| Furniture and vehicles | 24 | €21,043 | €5,064 | -€15,979 | -75.9% |
| Current assets | 29/58 | €54,989 | €41,765 | -€13,224 | -24.0% |
| Stocks and contracts in progress | 3 | €29,738 | €23,298 | -€6,440 | -21.7% |
| Stocks | 30/36 | €29,738 | €23,298 | -€6,440 | -21.7% |
| Amounts receivable within one year | 40/41 | €4,872 | €7,131 | +€2,259 | +46.4% |
| Trade receivables | 40 | - | €2,347 | +€2,347 | |
| Other amounts receivable | 41 | €4,872 | €4,784 | -€88 | -1.8% |
| Cash at bank and in hand | 54/58 | €19,879 | €11,336 | -€8,543 | -43.0% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €76,031 | €46,829 | -€29,203 | -38.4% |
| Equity | 10/15 | €6,749 | -€9,653 | -€16,402 | |
| Contributions | 10/11 | €11,600 | €11,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,851 | -€21,253 | -€16,402 | -338% |
| Amounts payable | 17/49 | €69,282 | €56,482 | -€12,800 | -18.5% |
| Amounts payable after more than one year | 17 | €25,688 | €14,625 | -€11,064 | -43.1% |
| Financial debts | 170/4 | €25,688 | €14,625 | -€11,064 | -43.1% |
| Amounts payable within one year | 42/48 | €43,594 | €41,857 | -€1,736 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €11,720 | €11,384 | -€335 | -2.9% |
| Trade debts | 44 | €879 | €1,343 | +€464 | +52.8% |
| Suppliers | 440/4 | €879 | €1,343 | +€464 | +52.8% |
| Taxes, remuneration and social security | 45 | €8,492 | €6,617 | -€1,875 | -22.1% |
| Taxes | 450/3 | €6,699 | €4,267 | -€2,432 | -36.3% |
| Remuneration and social security | 454/9 | €1,793 | €2,349 | +€556 | +31.0% |
| Other amounts payable | 47/48 | €22,503 | €22,513 | +€10 | 0.0% |
| Turnover | 70 | €183,895 | €140,098 | -€43,796 | -23.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €164,176 | €124,937 | -€39,238 | -23.9% |
| Remuneration, social security and pensions | 62 | €9,262 | €13,355 | +€4,093 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,629 | €10,413 | -€7,216 | -40.9% |
| Other operating charges | 640/8 | €1,370 | €769 | -€601 | -43.9% |
| Gross operating margin | 9900 | €22,204 | €18,972 | -€3,232 | -14.6% |
| Operating profit (loss) | 9901 | -€6,056 | -€5,565 | +€491 | +8.1% |
| Financial income | 75/76B | €24 | €52 | +€28 | +116% |
| Recurring financial income | 75 | €24 | €52 | +€28 | +116% |
| Financial charges | 65/66B | €4,400 | €10,801 | +€6,401 | +145% |
| Recurring financial charges | 65 | €3,514 | €3,351 | -€163 | -4.6% |
| Non-recurring financial charges | 66B | €885 | €7,450 | +€6,565 | +741% |
| Profit (loss) for the period before taxes | 9903 | -€10,432 | -€16,314 | -€5,882 | -56.4% |
| Income taxes | 67/77 | €128 | €88 | -€40 | -31.3% |
| Profit (loss) for the period | 9904 | -€10,560 | -€16,402 | -€5,842 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,560 | -€16,402 | -€5,842 | -55.3% |
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 14 October 2026 via checked.be.