A&James: 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&James
Largest movements
- Tangible fixed assets -€61,163
down €61,163 (-38.5%), from €158,872 to €97,708
of which Other tangible fixed assets: -€48,736
- Cash +€53,304
up €53,304 (+222.7%), from €23,938 to €77,241
mainly Depreciation (+€61,163) and Net result for the year (+€28,206)
- Receivables within one year +€21,795
up €21,795 (+24.4%), from €89,146 to €110,941
of which Other amounts receivable: +€19,120
- Profit (loss) carried forward +€28,206
up €28,206 (+31.3%), from €90,170 to €118,376
- Trade debts -€19,869
down €19,869 (-10.7%), from €185,216 to €165,347
- Current portion of long-term debt +€10,575
up €10,575 (+62.9%), from €16,810 to €27,385
- Debts after one year +€9,975
up €9,975 (+63.8%), from €15,643 to €25,619
- Tax, wage and social debts -€7,468
down €7,468 (-20.7%), from €36,119 to €28,651
of which Remuneration and social security: -€6,724
- Gross operating margin +€37,817
up €37,817 (+12.2%), from €311,241 to €349,058
- Staff costs +€34,860
up €34,860 (+18.8%), from €185,903 to €220,762
- Financial charges +€8,032
up €8,032 (+75.1%), from €10,697 to €18,729
of which Financial charges: +€8,032
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 | €357,933 | €375,378 | +€17,445 | +4.9% |
| Fixed assets | 21/28 | €158,975 | €97,812 | -€61,163 | -38.5% |
| Tangible fixed assets | 22/27 | €158,872 | €97,708 | -€61,163 | -38.5% |
| Plant, machinery and equipment | 23 | €28,370 | €19,734 | -€8,636 | -30.4% |
| Furniture and vehicles | 24 | €7,260 | €3,469 | -€3,791 | -52.2% |
| Other tangible fixed assets | 26 | €123,241 | €74,505 | -€48,736 | -39.5% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €198,958 | €277,566 | +€78,609 | +39.5% |
| Stocks and contracts in progress | 3 | €74,336 | €77,707 | +€3,371 | +4.5% |
| Stocks | 30/36 | €74,336 | €77,707 | +€3,371 | +4.5% |
| Amounts receivable within one year | 40/41 | €89,146 | €110,941 | +€21,795 | +24.4% |
| Trade receivables | 40 | €2,608 | €5,283 | +€2,675 | +102.6% |
| Other amounts receivable | 41 | €86,538 | €105,658 | +€19,120 | +22.1% |
| Cash at bank and in hand | 54/58 | €23,938 | €77,241 | +€53,304 | +222.7% |
| Deferred charges and accrued income | 490/1 | €11,538 | €11,677 | +€140 | +1.2% |
| Total equity and liabilities | 10/49 | €357,933 | €375,378 | +€17,445 | +4.9% |
| Equity | 10/15 | €100,170 | €128,376 | +€28,206 | +28.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,170 | €118,376 | +€28,206 | +31.3% |
| Amounts payable | 17/49 | €257,763 | €247,002 | -€10,761 | -4.2% |
| Amounts payable after more than one year | 17 | €15,643 | €25,619 | +€9,975 | +63.8% |
| Financial debts | 170/4 | €15,643 | €25,619 | +€9,975 | +63.8% |
| Amounts payable within one year | 42/48 | €238,145 | €221,383 | -€16,762 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €16,810 | €27,385 | +€10,575 | +62.9% |
| Trade debts | 44 | €185,216 | €165,347 | -€19,869 | -10.7% |
| Suppliers | 440/4 | €185,216 | €165,347 | -€19,869 | -10.7% |
| Taxes, remuneration and social security | 45 | €36,119 | €28,651 | -€7,468 | -20.7% |
| Taxes | 450/3 | €11,682 | €10,939 | -€743 | -6.4% |
| Remuneration and social security | 454/9 | €24,437 | €17,712 | -€6,724 | -27.5% |
| Accrued charges and deferred income | 492/3 | €3,975 | €0 | -€3,975 | -100.0% |
| Non-recurring operating income | 76A | €1,126 | €1,265 | +€138 | +12.3% |
| Remuneration, social security and pensions | 62 | €185,903 | €220,762 | +€34,860 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,044 | €61,163 | +€1,119 | +1.9% |
| Other operating charges | 640/8 | €7,326 | €8,211 | +€885 | +12.1% |
| Non-recurring operating charges | 66A | €6,815 | €2,780 | -€4,035 | -59.2% |
| Gross operating margin | 9900 | €311,241 | €349,058 | +€37,817 | +12.2% |
| Operating profit (loss) | 9901 | €51,154 | €56,141 | +€4,987 | +9.7% |
| Financial income | 75/76B | €425 | €606 | +€181 | +42.6% |
| Recurring financial income | 75 | €425 | €606 | +€181 | +42.6% |
| Financial charges | 65/66B | €10,697 | €18,729 | +€8,032 | +75.1% |
| Recurring financial charges | 65 | €10,697 | €18,729 | +€8,032 | +75.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €40,882 | €38,018 | -€2,863 | -7.0% |
| Income taxes | 67/77 | €11,682 | €9,812 | -€1,870 | -16.0% |
| Profit (loss) for the period | 9904 | €29,199 | €28,206 | -€993 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,199 | €28,206 | -€993 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.