A-JA: 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-JA
Largest movements
- Cash +€96,268
up €96,268 (+86.7%), from €111,089 to €207,357
mainly Net result for the year (+€156,916) and Trade debts (+€133,635)
- Tangible fixed assets +€82,721
up €82,721 (+144.6%), from €57,223 to €139,944
of which Furniture and vehicles: +€93,774
- Current investments +€53,000
up €53,000 (+61.8%), from €85,753 to €138,753
- Receivables after one year -€36,500
down €36,500 (-8.1%), from €450,000 to €413,500
- Receivables within one year +€26,846
up €26,846 (+55.7%), from €48,167 to €75,012
of which Other amounts receivable: +€21,607
- Trade debts +€133,635
up €133,635 (+716.3%), from €18,657 to €152,292
- Reserves +€110,042
up €110,042 (+17.6%), from €623,776 to €733,818
- Gross operating margin +€21,178
up €21,178 (+9.4%), from €224,987 to €246,165
- Taxes +€8,705
up €8,705 (+14.6%), from €59,812 to €68,517
- Financial income +€7,578
up €7,578 (+74.4%), from €10,184 to €17,762
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 | €761,039 | €986,931 | +€225,892 | +29.7% |
| Fixed assets | 21/28 | €57,223 | €139,944 | +€82,721 | +144.6% |
| Tangible fixed assets | 22/27 | €57,223 | €139,944 | +€82,721 | +144.6% |
| Plant, machinery and equipment | 23 | €1,702 | €1,177 | -€526 | -30.9% |
| Furniture and vehicles | 24 | €33,995 | €127,769 | +€93,774 | +275.8% |
| Other tangible fixed assets | 26 | €21,526 | €10,998 | -€10,528 | -48.9% |
| Current assets | 29/58 | €703,816 | €846,987 | +€143,171 | +20.3% |
| Amounts receivable after more than one year | 29 | €450,000 | €413,500 | -€36,500 | -8.1% |
| Other amounts receivable | 291 | €450,000 | €413,500 | -€36,500 | -8.1% |
| Amounts receivable within one year | 40/41 | €48,167 | €75,012 | +€26,846 | +55.7% |
| Trade receivables | 40 | €42,425 | €47,664 | +€5,239 | +12.3% |
| Other amounts receivable | 41 | €5,741 | €27,348 | +€21,607 | +376.3% |
| Current investments | 50/53 | €85,753 | €138,753 | +€53,000 | +61.8% |
| Cash at bank and in hand | 54/58 | €111,089 | €207,357 | +€96,268 | +86.7% |
| Deferred charges and accrued income | 490/1 | €8,808 | €12,365 | +€3,558 | +40.4% |
| Total equity and liabilities | 10/49 | €761,039 | €986,931 | +€225,892 | +29.7% |
| Equity | 10/15 | €716,185 | €826,227 | +€110,042 | +15.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €623,776 | €733,818 | +€110,042 | +17.6% |
| Distributable reserves | 133 | €623,776 | €733,818 | +€110,042 | +17.6% |
| Profit (loss) carried forward | 14 | €80,009 | €80,009 | = | 0.0% |
| Amounts payable | 17/49 | €44,854 | €160,704 | +€115,849 | +258.3% |
| Amounts payable after more than one year | 17 | €7,711 | €0 | -€7,711 | -100.0% |
| Financial debts | 170/4 | €7,711 | €0 | -€7,711 | -100.0% |
| Amounts payable within one year | 42/48 | €37,143 | €160,704 | +€123,561 | +332.7% |
| Current portion of amounts payable after more than one year | 42 | €13,432 | €7,870 | -€5,563 | -41.4% |
| Trade debts | 44 | €18,657 | €152,292 | +€133,635 | +716.3% |
| Suppliers | 440/4 | €18,657 | €152,292 | +€133,635 | +716.3% |
| Taxes, remuneration and social security | 45 | €5,054 | €0 | -€5,054 | -100.0% |
| Taxes | 450/3 | €5,054 | €0 | -€5,054 | -100.0% |
| Other amounts payable | 47/48 | - | €542 | +€542 | |
| Remuneration, social security and pensions | 62 | €4,328 | €4,128 | -€200 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,393 | €32,527 | +€1,135 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€891 | -€891 | |
| Other operating charges | 640/8 | €1,057 | €1,977 | +€919 | +86.9% |
| Gross operating margin | 9900 | €224,987 | €246,165 | +€21,178 | +9.4% |
| Operating profit (loss) | 9901 | €188,209 | €208,425 | +€20,216 | +10.7% |
| Financial income | 75/76B | €10,184 | €17,762 | +€7,578 | +74.4% |
| Recurring financial income | 75 | €10,184 | €17,762 | +€7,578 | +74.4% |
| Financial charges | 65/66B | €1,114 | €754 | -€360 | -32.3% |
| Recurring financial charges | 65 | €1,114 | €754 | -€360 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €197,279 | €225,432 | +€28,154 | +14.3% |
| Income taxes | 67/77 | €59,812 | €68,517 | +€8,705 | +14.6% |
| Profit (loss) for the period | 9904 | €137,467 | €156,916 | +€19,449 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €137,467 | €156,916 | +€19,449 | +14.1% |
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 10 October 2026 via checked.be.