AJ: 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.
AJ
Largest movements
- Current investments +€258,000
up €258,000 (+10565.1%), from €2,442 to €260,442
- Receivables within one year -€22,777
down €22,777 (-86.8%), from €26,233 to €3,455
- Contributions -€258,000
down €258,000 (-52.7%), from €490,000 to €232,000
- Reserves +€258,000
new in 2025: €258,000
- Debts after one year +€258,000
up €258,000 (+505.9%), from €51,000 to €309,000
- Profit (loss) carried forward -€23,728
down €23,728 (-11.9%), from -€199,294 to -€223,022
- Gross operating margin +€38,302
up €38,302 (+62.0%), from -€61,773 to -€23,471
- Taxes +€2,158
no longer reported in 2025 (was -€2,158)
- Financial income -€682
down €682 (-82.8%), from €824 to €142
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 | €341,706 | €575,978 | +€234,272 | +68.6% |
| Fixed assets | 21/28 | €311,050 | €311,050 | = | 0.0% |
| Financial fixed assets | 28 | €311,050 | €311,050 | = | 0.0% |
| Current assets | 29/58 | €30,656 | €264,928 | +€234,272 | +764.2% |
| Amounts receivable within one year | 40/41 | €26,233 | €3,455 | -€22,777 | -86.8% |
| Other amounts receivable | 41 | €26,233 | €3,455 | -€22,777 | -86.8% |
| Current investments | 50/53 | €2,442 | €260,442 | +€258,000 | +10565.1% |
| Cash at bank and in hand | 54/58 | €1,982 | €1,031 | -€951 | -48.0% |
| Total equity and liabilities | 10/49 | €341,706 | €575,978 | +€234,272 | +68.6% |
| Equity | 10/15 | €290,706 | €266,978 | -€23,728 | -8.2% |
| Contributions | 10/11 | €490,000 | €232,000 | -€258,000 | -52.7% |
| Contributions outside capital | 11 | €490,000 | - | -€490,000 | |
| Share premium | 1100/10 | €490,000 | - | -€490,000 | |
| Reserves | 13 | - | €258,000 | +€258,000 | |
| Non-distributable reserves | 130/1 | - | €258,000 | +€258,000 | |
| Own shares acquired | 1312 | - | €258,000 | +€258,000 | |
| Profit (loss) carried forward | 14 | -€199,294 | -€223,022 | -€23,728 | -11.9% |
| Amounts payable | 17/49 | €51,000 | €309,000 | +€258,000 | +505.9% |
| Amounts payable after more than one year | 17 | €51,000 | €309,000 | +€258,000 | +505.9% |
| Other amounts payable | 178/9 | €51,000 | €309,000 | +€258,000 | +505.9% |
| Other operating charges | 640/8 | €666 | €101 | -€565 | -84.8% |
| Gross operating margin | 9900 | -€61,773 | -€23,471 | +€38,302 | +62.0% |
| Operating profit (loss) | 9901 | -€62,439 | -€23,572 | +€38,867 | +62.2% |
| Financial income | 75/76B | €824 | €142 | -€682 | -82.8% |
| Recurring financial income | 75 | €824 | €142 | -€682 | -82.8% |
| Financial charges | 65/66B | €277 | €299 | +€21 | +7.7% |
| Recurring financial charges | 65 | €277 | €299 | +€21 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€61,892 | -€23,728 | +€38,163 | +61.7% |
| Income taxes | 67/77 | -€2,158 | - | +€2,158 | |
| Profit (loss) for the period | 9904 | -€59,734 | -€23,728 | +€36,005 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,734 | -€23,728 | +€36,005 | +60.3% |
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 12 October 2026 via checked.be.