A & J Projecten: 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 Projecten
Largest movements
- Stocks and contracts +€76,814
up €76,814 (+13.7%), from €562,022 to €638,837
- Receivables within one year -€20,630
down €20,630 (-55.2%), from €37,354 to €16,724
of which Other amounts receivable: -€19,051
- Other debts +€101,282
up €101,282 (+44.7%), from €226,430 to €327,712
- Trade debts -€32,796
down €32,796 (-96.3%), from €34,040 to €1,244
- Debts after one year -€22,916
down €22,916 (-4.5%), from €509,040 to €486,124
- Financial charges +€4,690
up €4,690 (+27.8%), from €16,865 to €21,554
- Other operating charges +€1,694
up €1,694 (+259%), from €654 to €2,348
- Gross operating margin +€1,395
up €1,395 (+6.1%), from €22,729 to €24,123
- Depreciation +€530
up €530 (+7.7%), from €6,869 to €7,400
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 | €839,102 | €879,735 | +€40,633 | +4.8% |
| Fixed assets | 21/28 | €222,044 | €215,332 | -€6,711 | -3.0% |
| Tangible fixed assets | 22/27 | €222,044 | €215,332 | -€6,711 | -3.0% |
| Land and buildings | 22 | €219,770 | €213,411 | -€6,359 | -2.9% |
| Plant, machinery and equipment | 23 | - | €621 | +€621 | |
| Furniture and vehicles | 24 | €2,274 | €1,300 | -€974 | -42.8% |
| Current assets | 29/58 | €617,059 | €664,403 | +€47,344 | +7.7% |
| Stocks and contracts in progress | 3 | €562,022 | €638,837 | +€76,814 | +13.7% |
| Contracts in progress | 37 | €562,022 | €638,837 | +€76,814 | +13.7% |
| Amounts receivable within one year | 40/41 | €37,354 | €16,724 | -€20,630 | -55.2% |
| Trade receivables | 40 | €1,579 | €0 | -€1,579 | -100% |
| Other amounts receivable | 41 | €35,775 | €16,724 | -€19,051 | -53.3% |
| Cash at bank and in hand | 54/58 | €13,977 | €5,479 | -€8,497 | -60.8% |
| Deferred charges and accrued income | 490/1 | €3,706 | €3,363 | -€343 | -9.3% |
| Total equity and liabilities | 10/49 | €839,102 | €879,735 | +€40,633 | +4.8% |
| Equity | 10/15 | €48,799 | €41,625 | -€7,174 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,199 | €23,025 | -€7,174 | -23.8% |
| Distributable reserves | 133 | €30,199 | €23,025 | -€7,174 | -23.8% |
| Amounts payable | 17/49 | €790,303 | €838,110 | +€47,807 | +6.0% |
| Amounts payable after more than one year | 17 | €509,040 | €486,124 | -€22,916 | -4.5% |
| Financial debts | 170/4 | €509,040 | €486,124 | -€22,916 | -4.5% |
| Amounts payable within one year | 42/48 | €281,264 | €351,986 | +€70,723 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €20,773 | €22,916 | +€2,143 | +10.3% |
| Trade debts | 44 | €34,040 | €1,244 | -€32,796 | -96.3% |
| Suppliers | 440/4 | €34,040 | €1,244 | -€32,796 | -96.3% |
| Taxes, remuneration and social security | 45 | €22 | €115 | +€93 | +421% |
| Taxes | 450/3 | €22 | €115 | +€93 | +421% |
| Other amounts payable | 47/48 | €226,430 | €327,712 | +€101,282 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,869 | €7,400 | +€530 | +7.7% |
| Other operating charges | 640/8 | €654 | €2,348 | +€1,694 | +259% |
| Gross operating margin | 9900 | €22,729 | €24,123 | +€1,395 | +6.1% |
| Operating profit (loss) | 9901 | €15,206 | €14,376 | -€830 | -5.5% |
| Financial income | 75/76B | €77 | €5 | -€72 | -93.7% |
| Recurring financial income | 75 | €77 | €5 | -€72 | -93.7% |
| Financial charges | 65/66B | €16,865 | €21,554 | +€4,690 | +27.8% |
| Recurring financial charges | 65 | €16,865 | €21,554 | +€4,690 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,582 | -€7,174 | -€5,592 | -354% |
| Profit (loss) for the period | 9904 | -€1,582 | -€7,174 | -€5,592 | -354% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,582 | -€7,174 | -€5,592 | -354% |
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 16 October 2026 via checked.be.