A&J Retail: what changed
A&J Retail
Largest movements
- Tangible fixed assets -€50,550
down €50,550 (-14.8%), from €341,430 to €290,880
of which Other tangible fixed assets: -€47,080
- Cash +€17,519
up €17,519 (+50.4%), from €34,743 to €52,262
mainly Depreciation (+€62,996) and Net result for the year (+€20,040)
- Receivables within one year +€14,230
up €14,230 (+371%), from €3,831 to €18,061
of which Trade receivables: +€14,487
- Stocks and contracts -€8,743
down €8,743 (-5.8%), from €150,103 to €141,360
- Debts after one year -€43,926
down €43,926 (-17.3%), from €253,419 to €209,493
- Profit (loss) carried forward +€20,040
up €20,040, from -€15,518 to €4,522
- Gross operating margin +€77,751
up €77,751 (+141%), from €55,004 to €132,754
- Staff costs +€25,783
up €25,783 (+327%), from €7,875 to €33,658
- Depreciation +€18,099
up €18,099 (+40.3%), from €44,897 to €62,996
- Financial charges -€2,854
down €2,854 (-16.7%), from €17,113 to €14,259
- Financial income -€1,418
down €1,418 (-60.3%), from €2,352 to €934
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,061 | €510,428 | -€25,633 | -4.8% |
| Formation expenses | 20 | €35 | €0 | -€35 | -100% |
| Fixed assets | 21/28 | €341,430 | €290,880 | -€50,550 | -14.8% |
| Tangible fixed assets | 22/27 | €341,430 | €290,880 | -€50,550 | -14.8% |
| Plant, machinery and equipment | 23 | €9,602 | €16,755 | +€7,153 | +74.5% |
| Furniture and vehicles | 24 | €21,837 | €11,213 | -€10,624 | -48.7% |
| Other tangible fixed assets | 26 | €309,991 | €262,912 | -€47,080 | -15.2% |
| Current assets | 29/58 | €194,596 | €219,548 | +€24,952 | +12.8% |
| Stocks and contracts in progress | 3 | €150,103 | €141,360 | -€8,743 | -5.8% |
| Stocks | 30/36 | €150,103 | €141,360 | -€8,743 | -5.8% |
| Amounts receivable within one year | 40/41 | €3,831 | €18,061 | +€14,230 | +371% |
| Trade receivables | 40 | €1,151 | €15,638 | +€14,487 | +1,258% |
| Other amounts receivable | 41 | €2,679 | €2,423 | -€257 | -9.6% |
| Cash at bank and in hand | 54/58 | €34,743 | €52,262 | +€17,519 | +50.4% |
| Deferred charges and accrued income | 490/1 | €5,918 | €7,865 | +€1,947 | +32.9% |
| Total equity and liabilities | 10/49 | €536,061 | €510,428 | -€25,633 | -4.8% |
| Equity | 10/15 | €84,482 | €104,522 | +€20,040 | +23.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,518 | €4,522 | +€20,040 | |
| Amounts payable | 17/49 | €451,579 | €405,906 | -€45,673 | -10.1% |
| Amounts payable after more than one year | 17 | €253,419 | €209,493 | -€43,926 | -17.3% |
| Financial debts | 170/4 | €253,419 | €209,493 | -€43,926 | -17.3% |
| Amounts payable within one year | 42/48 | €198,160 | €196,413 | -€1,747 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €41,938 | €43,926 | +€1,987 | +4.7% |
| Trade debts | 44 | €146,426 | €147,601 | +€1,175 | +0.8% |
| Suppliers | 440/4 | €146,426 | €147,601 | +€1,175 | +0.8% |
| Taxes, remuneration and social security | 45 | €9,796 | €4,886 | -€4,910 | -50.1% |
| Taxes | 450/3 | €2,158 | €906 | -€1,252 | -58.0% |
| Remuneration and social security | 454/9 | €7,638 | €3,980 | -€3,658 | -47.9% |
| Remuneration, social security and pensions | 62 | €7,875 | €33,658 | +€25,783 | +327% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,897 | €62,996 | +€18,099 | +40.3% |
| Other operating charges | 640/8 | €1,964 | €1,829 | -€136 | -6.9% |
| Gross operating margin | 9900 | €55,004 | €132,754 | +€77,751 | +141% |
| Operating profit (loss) | 9901 | €267 | €34,272 | +€34,005 | +12,720% |
| Financial income | 75/76B | €2,352 | €934 | -€1,418 | -60.3% |
| Recurring financial income | 75 | €2,352 | €934 | -€1,418 | -60.3% |
| Financial charges | 65/66B | €17,113 | €14,259 | -€2,854 | -16.7% |
| Recurring financial charges | 65 | €17,113 | €14,259 | -€2,854 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,493 | €20,947 | +€35,440 | |
| Income taxes | 67/77 | €1,024 | €906 | -€118 | -11.5% |
| Profit (loss) for the period | 9904 | -€15,518 | €20,040 | +€35,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,518 | €20,040 | +€35,558 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.