AJ ADVISORY: what changed
Two fiscal 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 ADVISORY
Largest movements
- Receivables within one year -€41,961
down €41,961 (-99.6%), from €42,124 to €163
of which Trade receivables: -€41,600
- Cash +€35,791
up €35,791 (+113.4%), from €31,558 to €67,349
mainly Receivables within one year (+€41,961) and Net result for the year (+€9,890)
- Tangible fixed assets +€2,771
up €2,771 (+399.8%), from €693 to €3,465
- Tax, wage and social debts -€12,156
down €12,156 (-73.5%), from €16,548 to €4,392
- Profit (loss) carried forward +€9,890
up €9,890 (+13.4%), from €73,628 to €83,518
- Gross operating margin -€62,398
down €62,398 (-82.5%), from €75,616 to €13,218
- Taxes -€11,744
down €11,744 (-76.0%), from €15,448 to €3,704
- Financial income +€1,007
up €1,007 (+259.6%), from €388 to €1,395
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 | €93,472 | €90,413 | -€3,059 | -3.3% |
| Fixed assets | 21/28 | €693 | €3,465 | +€2,771 | +399.8% |
| Tangible fixed assets | 22/27 | €693 | €3,465 | +€2,771 | +399.8% |
| Furniture and vehicles | 24 | €693 | €3,465 | +€2,771 | +399.8% |
| Current assets | 29/58 | €92,779 | €86,949 | -€5,830 | -6.3% |
| Amounts receivable after more than one year | 29 | €19,000 | €19,000 | = | 0.0% |
| Trade receivables | 290 | - | €19,000 | +€19,000 | |
| Other amounts receivable | 291 | €19,000 | - | -€19,000 | |
| Amounts receivable within one year | 40/41 | €42,124 | €163 | -€41,961 | -99.6% |
| Trade receivables | 40 | €41,600 | - | -€41,600 | |
| Other amounts receivable | 41 | €524 | €163 | -€361 | -68.9% |
| Cash at bank and in hand | 54/58 | €31,558 | €67,349 | +€35,791 | +113.4% |
| Deferred charges and accrued income | 490/1 | €97 | €437 | +€340 | +349.7% |
| Total equity and liabilities | 10/49 | €93,472 | €90,413 | -€3,059 | -3.3% |
| Equity | 10/15 | €74,628 | €84,518 | +€9,890 | +13.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,628 | €83,518 | +€9,890 | +13.4% |
| Amounts payable | 17/49 | €18,844 | €5,895 | -€12,948 | -68.7% |
| Amounts payable within one year | 42/48 | €18,844 | €5,895 | -€12,948 | -68.7% |
| Trade debts | 44 | €1,545 | €741 | -€804 | -52.0% |
| Suppliers | 440/4 | €1,545 | €741 | -€804 | -52.0% |
| Taxes, remuneration and social security | 45 | €16,548 | €4,392 | -€12,156 | -73.5% |
| Taxes | 450/3 | €16,548 | €4,392 | -€12,156 | -73.5% |
| Other amounts payable | 47/48 | €750 | €763 | +€12 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €953 | +€731 | +329.2% |
| Gross operating margin | 9900 | €75,616 | €13,218 | -€62,398 | -82.5% |
| Operating profit (loss) | 9901 | €75,394 | €12,265 | -€63,129 | -83.7% |
| Financial income | 75/76B | €388 | €1,395 | +€1,007 | +259.6% |
| Recurring financial income | 75 | €388 | €1,395 | +€1,007 | +259.6% |
| Financial charges | 65/66B | €68 | €67 | -€1 | -2.1% |
| Recurring financial charges | 65 | €68 | €67 | -€1 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €75,713 | €13,594 | -€62,120 | -82.0% |
| Income taxes | 67/77 | €15,448 | €3,704 | -€11,744 | -76.0% |
| Profit (loss) for the period | 9904 | €60,265 | €9,890 | -€50,376 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,265 | €9,890 | -€50,376 | -83.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.