AJ CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€9,697
up €9,697 (+179.9%), from €5,391 to €15,088
of which Trade receivables: +€9,919
- Cash -€1,968
down €1,968 (-31.0%), from €6,354 to €4,386
mainly Receivables within one year (-€9,697) and Trade debts (-€2,184)
- Tangible fixed assets +€1,543
new in 2025: €1,543
- Deferred charges and accrued income -€803
down €803 (-88.1%), from €911 to €108
- Other debts +€9,461
up €9,461 (+18.6%), from €50,952 to €60,412
- Trade debts -€2,184
down €2,184 (-69.0%), from €3,167 to €983
- Profit (loss) carried forward +€1,181
up €1,181 (+2.3%), from -€50,817 to -€49,636
- Gross operating margin +€4,115
up €4,115, from -€1,736 to €2,379
- Depreciation +€232
new in 2025: €232
- Financial charges -€86
down €86 (-47.6%), from €181 to €95
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 | €12,656 | €21,125 | +€8,469 | +66.9% |
| Fixed assets | 21/28 | - | €1,543 | +€1,543 | |
| Tangible fixed assets | 22/27 | - | €1,543 | +€1,543 | |
| Furniture and vehicles | 24 | - | €1,543 | +€1,543 | |
| Current assets | 29/58 | €12,656 | €19,582 | +€6,926 | +54.7% |
| Amounts receivable within one year | 40/41 | €5,391 | €15,088 | +€9,697 | +179.9% |
| Trade receivables | 40 | €4,430 | €14,349 | +€9,919 | +223.9% |
| Other amounts receivable | 41 | €961 | €738 | -€222 | -23.2% |
| Cash at bank and in hand | 54/58 | €6,354 | €4,386 | -€1,968 | -31.0% |
| Deferred charges and accrued income | 490/1 | €911 | €108 | -€803 | -88.1% |
| Total equity and liabilities | 10/49 | €12,656 | €21,125 | +€8,469 | +66.9% |
| Equity | 10/15 | -€41,802 | -€40,621 | +€1,181 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,815 | €2,815 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,815 | €2,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,817 | -€49,636 | +€1,181 | +2.3% |
| Amounts payable | 17/49 | €54,458 | €61,746 | +€7,288 | +13.4% |
| Amounts payable within one year | 42/48 | €54,458 | €61,746 | +€7,288 | +13.4% |
| Trade debts | 44 | €3,167 | €983 | -€2,184 | -69.0% |
| Suppliers | 440/4 | €3,167 | €983 | -€2,184 | -69.0% |
| Taxes, remuneration and social security | 45 | €339 | €351 | +€12 | +3.5% |
| Taxes | 450/3 | €339 | €351 | +€12 | +3.5% |
| Other amounts payable | 47/48 | €50,952 | €60,412 | +€9,461 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €232 | +€232 | |
| Other operating charges | 640/8 | €716 | €695 | -€20 | -2.9% |
| Gross operating margin | 9900 | -€1,736 | €2,379 | +€4,115 | |
| Operating profit (loss) | 9901 | -€2,452 | €1,452 | +€3,904 | |
| Financial charges | 65/66B | €181 | €95 | -€86 | -47.6% |
| Recurring financial charges | 65 | €181 | €95 | -€86 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,633 | €1,357 | +€3,990 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€2,807 | €1,181 | +€3,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,807 | €1,181 | +€3,988 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.