AAJ MANAGEMENT: 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.
AAJ MANAGEMENT
Largest movements
- Cash -€46,038
down €46,038 (-87.5%), from €52,600 to €6,561
mainly Tax, wage and social debts (-€47,371) and Net result for the year (-€24,310)
- Receivables within one year -€27,485
down €27,485 (-65.8%), from €41,770 to €14,285
of which Trade receivables: -€25,269
- Tax, wage and social debts -€47,371
down €47,371 (-97.5%), from €48,572 to €1,201
of which Taxes: -€29,371
- Profit (loss) carried forward -€24,310
down €24,310 (-42.0%), from €57,901 to €33,591
- Trade debts -€2,240
down €2,240 (-37.3%), from €6,000 to €3,760
- Gross operating margin -€99,131
down €99,131, from €79,635 to -€19,497
- Taxes -€18,129
down €18,129 (-98.0%), from €18,499 to €370
- Depreciation +€2,177
up €2,177 (+81.3%), from €2,679 to €4,856
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 | €118,675 | €44,858 | -€73,817 | -62.2% |
| Fixed assets | 21/28 | €23,770 | €24,012 | +€242 | +1.0% |
| Tangible fixed assets | 22/27 | €23,770 | €24,012 | +€242 | +1.0% |
| Plant, machinery and equipment | 23 | €14,331 | €17,456 | +€3,124 | +21.8% |
| Furniture and vehicles | 24 | €5,107 | €3,249 | -€1,858 | -36.4% |
| Other tangible fixed assets | 26 | €4,332 | €3,307 | -€1,025 | -23.7% |
| Current assets | 29/58 | €94,905 | €20,846 | -€74,058 | -78.0% |
| Amounts receivable within one year | 40/41 | €41,770 | €14,285 | -€27,485 | -65.8% |
| Trade receivables | 40 | €32,519 | €7,250 | -€25,269 | -77.7% |
| Other amounts receivable | 41 | €9,252 | €7,035 | -€2,216 | -24.0% |
| Cash at bank and in hand | 54/58 | €52,600 | €6,561 | -€46,038 | -87.5% |
| Deferred charges and accrued income | 490/1 | €535 | - | -€535 | |
| Total equity and liabilities | 10/49 | €118,675 | €44,858 | -€73,817 | -62.2% |
| Equity | 10/15 | €62,901 | €38,591 | -€24,310 | -38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,901 | €33,591 | -€24,310 | -42.0% |
| Amounts payable | 17/49 | €55,774 | €6,267 | -€49,507 | -88.8% |
| Amounts payable within one year | 42/48 | €54,664 | €4,961 | -€49,703 | -90.9% |
| Trade debts | 44 | €6,000 | €3,760 | -€2,240 | -37.3% |
| Suppliers | 440/4 | €6,000 | €3,760 | -€2,240 | -37.3% |
| Taxes, remuneration and social security | 45 | €48,572 | €1,201 | -€47,371 | -97.5% |
| Taxes | 450/3 | €30,572 | €1,201 | -€29,371 | -96.1% |
| Remuneration and social security | 454/9 | €18,000 | - | -€18,000 | |
| Other amounts payable | 47/48 | €92 | - | -€92 | |
| Accrued charges and deferred income | 492/3 | €1,110 | €1,306 | +€195 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,679 | €4,856 | +€2,177 | +81.3% |
| Gross operating margin | 9900 | €79,635 | -€19,497 | -€99,131 | |
| Operating profit (loss) | 9901 | €76,956 | -€24,353 | -€101,308 | |
| Financial income | 75/76B | - | €488 | +€488 | |
| Recurring financial income | 75 | - | €488 | +€488 | |
| Financial charges | 65/66B | €556 | €75 | -€481 | -86.5% |
| Recurring financial charges | 65 | €556 | €75 | -€481 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €76,400 | -€23,940 | -€100,340 | |
| Income taxes | 67/77 | €18,499 | €370 | -€18,129 | -98.0% |
| Profit (loss) for the period | 9904 | €57,901 | -€24,310 | -€82,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,901 | -€24,310 | -€82,210 |
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 24 October 2026 via checked.be.