A.J. NET: 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. NET
Largest movements
- Receivables within one year +€8,258
up €8,258 (+10.2%), from €80,856 to €89,115
of which Trade receivables: +€18,636
- Cash -€3,140
down €3,140 (-76.0%), from €4,132 to €992
mainly Receivables within one year (-€8,258) and Advances received (-€7,878)
- Tax, wage and social debts +€9,970
up €9,970 (+95.4%), from €10,452 to €20,422
- Advances received -€7,878
no longer reported in 2025 (was €7,878)
- Trade debts +€4,633
up €4,633 (+27.8%), from €16,644 to €21,277
- Profit (loss) carried forward -€2,912
down €2,912 (-42.9%), from €6,781 to €3,869
- Other debts +€2,799
new in 2025: €2,799
- Gross operating margin -€33,647
down €33,647 (-90.5%), from €37,192 to €3,545
- Taxes -€6,327
no longer reported in 2025 (was €6,327)
- Depreciation -€3,495
down €3,495 (-56.4%), from €6,200 to €2,706
- Financial charges +€1,248
up €1,248 (+66.2%), from €1,885 to €3,133
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.
Cash bridge derived
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 | €122,423 | €129,015 | +€6,592 | +5.4% |
| Fixed assets | 21/28 | €1,810 | €3,029 | +€1,219 | +67.3% |
| Tangible fixed assets | 22/27 | €1,760 | €2,979 | +€1,219 | +69.3% |
| Plant, machinery and equipment | 23 | €995 | €339 | -€656 | -65.9% |
| Furniture and vehicles | 24 | €765 | €2,640 | +€1,875 | +245.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €120,613 | €125,986 | +€5,373 | +4.5% |
| Amounts receivable after more than one year | 29 | €32,864 | €32,864 | = | 0.0% |
| Other amounts receivable | 291 | €32,864 | €32,864 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,856 | €89,115 | +€8,258 | +10.2% |
| Trade receivables | 40 | €42,679 | €61,314 | +€18,636 | +43.7% |
| Other amounts receivable | 41 | €38,178 | €27,800 | -€10,377 | -27.2% |
| Cash at bank and in hand | 54/58 | €4,132 | €992 | -€3,140 | -76.0% |
| Deferred charges and accrued income | 490/1 | €2,761 | €3,015 | +€254 | +9.2% |
| Total equity and liabilities | 10/49 | €122,423 | €129,015 | +€6,592 | +5.4% |
| Equity | 10/15 | €86,558 | €83,646 | -€2,912 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,577 | €73,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,717 | €71,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,781 | €3,869 | -€2,912 | -42.9% |
| Amounts payable | 17/49 | €35,865 | €45,369 | +€9,504 | +26.5% |
| Amounts payable after more than one year | 17 | €871 | €871 | = | 0.0% |
| Other amounts payable | 178/9 | €871 | €871 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,994 | €44,498 | +€9,504 | +27.2% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €16,644 | €21,277 | +€4,633 | +27.8% |
| Suppliers | 440/4 | €16,644 | €21,277 | +€4,633 | +27.8% |
| Advances received on contracts in progress | 46 | €7,878 | - | -€7,878 | |
| Taxes, remuneration and social security | 45 | €10,452 | €20,422 | +€9,970 | +95.4% |
| Taxes | 450/3 | €10,452 | €20,422 | +€9,970 | +95.4% |
| Other amounts payable | 47/48 | - | €2,799 | +€2,799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,200 | €2,706 | -€3,495 | -56.4% |
| Other operating charges | 640/8 | €291 | €418 | +€127 | +43.9% |
| Non-recurring operating charges | 66A | - | €1,119 | +€1,119 | |
| Gross operating margin | 9900 | €37,192 | €3,545 | -€33,647 | -90.5% |
| Operating profit (loss) | 9901 | €30,701 | -€699 | -€31,400 | |
| Financial income | 75/76B | €920 | €920 | +€0 | 0.0% |
| Recurring financial income | 75 | €920 | €920 | +€0 | 0.0% |
| Financial charges | 65/66B | €1,885 | €3,133 | +€1,248 | +66.2% |
| Recurring financial charges | 65 | €1,885 | €3,133 | +€1,248 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | €29,736 | -€2,912 | -€32,648 | |
| Income taxes | 67/77 | €6,327 | - | -€6,327 | |
| Profit (loss) for the period | 9904 | €23,409 | -€2,912 | -€26,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,409 | -€2,912 | -€26,321 |
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 12 October 2026 via checked.be.