A.J.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.S.
Largest movements
- Tangible fixed assets -€18,546
down €18,546 (-24.0%), from €77,125 to €58,578
- Receivables within one year -€1,588
down €1,588 (-91.3%), from €1,740 to €151
of which Trade receivables: -€1,497
- Trade debts -€13,726
down €13,726 (-99.9%), from €13,734 to €8
- Profit (loss) carried forward -€11,847
down €11,847 (-37.6%), from -€31,547 to -€43,394
- Other debts +€9,796
up €9,796 (+13.8%), from €71,077 to €80,873
- Tax, wage and social debts -€4,229
down €4,229 (-72.7%), from €5,814 to €1,585
- Gross operating margin -€32,733
down €32,733 (-81.0%), from €40,414 to €7,680
- Other operating charges -€4,210
down €4,210 (-82.6%), from €5,097 to €887
- Depreciation +€2,939
up €2,939 (+18.8%), from €15,607 to €18,546
- Taxes -€1,312
down €1,312 (-100%), from €1,312 to €0
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 | €79,537 | €59,531 | -€20,006 | -25.2% |
| Fixed assets | 21/28 | €77,125 | €58,578 | -€18,546 | -24.0% |
| Tangible fixed assets | 22/27 | €77,125 | €58,578 | -€18,546 | -24.0% |
| Furniture and vehicles | 24 | €77,125 | €58,578 | -€18,546 | -24.0% |
| Current assets | 29/58 | €2,413 | €953 | -€1,460 | -60.5% |
| Amounts receivable within one year | 40/41 | €1,740 | €151 | -€1,588 | -91.3% |
| Trade receivables | 40 | €1,648 | €151 | -€1,497 | -90.8% |
| Other amounts receivable | 41 | €91 | €0 | -€91 | -100% |
| Cash at bank and in hand | 54/58 | €673 | €802 | +€129 | +19.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €79,537 | €59,531 | -€20,006 | -25.2% |
| Equity | 10/15 | -€11,087 | -€22,934 | -€11,847 | -107% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€31,547 | -€43,394 | -€11,847 | -37.6% |
| Amounts payable | 17/49 | €90,625 | €82,466 | -€8,159 | -9.0% |
| Amounts payable within one year | 42/48 | €90,625 | €82,466 | -€8,159 | -9.0% |
| Trade debts | 44 | €13,734 | €8 | -€13,726 | -99.9% |
| Suppliers | 440/4 | €13,734 | €8 | -€13,726 | -99.9% |
| Taxes, remuneration and social security | 45 | €5,814 | €1,585 | -€4,229 | -72.7% |
| Taxes | 450/3 | €5,814 | €1,585 | -€4,229 | -72.7% |
| Other amounts payable | 47/48 | €71,077 | €80,873 | +€9,796 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,607 | €18,546 | +€2,939 | +18.8% |
| Other operating charges | 640/8 | €5,097 | €887 | -€4,210 | -82.6% |
| Gross operating margin | 9900 | €40,414 | €7,680 | -€32,733 | -81.0% |
| Operating profit (loss) | 9901 | €19,710 | -€11,753 | -€31,463 | |
| Financial charges | 65/66B | €212 | €94 | -€118 | -55.7% |
| Recurring financial charges | 65 | €212 | €94 | -€118 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €19,498 | -€11,847 | -€31,345 | |
| Income taxes | 67/77 | €1,312 | €0 | -€1,312 | -100% |
| Profit (loss) for the period | 9904 | €18,185 | -€11,847 | -€30,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,185 | -€11,847 | -€30,033 |
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.