AJ CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets -€55,023
down €55,023 (-65.1%), from €84,464 to €29,442
of which Leasing and similar rights: -€45,917
- Receivables within one year -€18,113
down €18,113 (-13.5%), from €134,608 to €116,495
of which Trade receivables: -€18,478
- Cash +€6,315
up €6,315 (+179.6%), from €3,516 to €9,831
mainly Investment in fixed assets (net) (+€45,917) and Other debts (+€23,700)
- Current portion of long-term debt -€34,883
down €34,883 (-100.0%), from €34,883 to €0
- Reserves -€30,000
down €30,000 (-100.0%), from €30,000 to €0
of which Distributable reserves: -€30,000
- Trade debts -€27,215
down €27,215 (-56.4%), from €48,214 to €20,999
- Other debts +€23,700
up €23,700 (+526.7%), from €4,500 to €28,200
- Advances received +€9,680
new in 2025: €9,680
- Depreciation -€24,472
down €24,472 (-72.9%), from €33,578 to €9,106
- Financial income +€1,894
up €1,894 (+510.0%), from €371 to €2,265
- Gross operating margin +€1,612
up €1,612 (+10.2%), from €15,808 to €17,419
- Financial charges -€549
down €549 (-27.9%), from €1,969 to €1,420
- Other operating charges +€250
up €250 (+9.9%), from €2,524 to €2,774
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 | €230,047 | €161,510 | -€68,536 | -29.8% |
| Fixed assets | 21/28 | €88,578 | €33,556 | -€55,023 | -62.1% |
| Tangible fixed assets | 22/27 | €84,464 | €29,442 | -€55,023 | -65.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €766 | €123 | -€643 | -83.9% |
| Leasing and similar rights | 25 | €45,917 | €0 | -€45,917 | -100.0% |
| Other tangible fixed assets | 26 | €37,781 | €29,319 | -€8,463 | -22.4% |
| Financial fixed assets | 28 | €4,114 | €4,114 | = | 0.0% |
| Current assets | 29/58 | €141,468 | €127,954 | -€13,514 | -9.6% |
| Stocks and contracts in progress | 3 | €1,203 | €0 | -€1,203 | -100.0% |
| Stocks | 30/36 | €1,203 | €0 | -€1,203 | -100.0% |
| Amounts receivable within one year | 40/41 | €134,608 | €116,495 | -€18,113 | -13.5% |
| Trade receivables | 40 | €95,697 | €77,220 | -€18,478 | -19.3% |
| Other amounts receivable | 41 | €38,911 | €39,275 | +€364 | +0.9% |
| Cash at bank and in hand | 54/58 | €3,516 | €9,831 | +€6,315 | +179.6% |
| Deferred charges and accrued income | 490/1 | €2,141 | €1,629 | -€512 | -23.9% |
| Total equity and liabilities | 10/49 | €230,047 | €161,510 | -€68,536 | -29.8% |
| Equity | 10/15 | €127,001 | €92,372 | -€34,629 | -27.3% |
| Contributions | 10/11 | €13,360 | €13,360 | = | 0.0% |
| Contributions outside capital | 11 | €13,360 | €13,360 | = | 0.0% |
| Other | 1109/19 | €13,360 | €13,360 | = | 0.0% |
| Reserves | 13 | €30,000 | €0 | -€30,000 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,000 | €0 | -€30,000 | -100.0% |
| Profit (loss) carried forward | 14 | €83,641 | €79,012 | -€4,629 | -5.5% |
| Amounts payable | 17/49 | €103,045 | €69,138 | -€33,907 | -32.9% |
| Amounts payable after more than one year | 17 | €5,714 | €0 | -€5,714 | -100.0% |
| Financial debts | 170/4 | €5,714 | €0 | -€5,714 | -100.0% |
| Amounts payable within one year | 42/48 | €97,030 | €69,138 | -€27,892 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €34,883 | €0 | -€34,883 | -100.0% |
| Trade debts | 44 | €48,214 | €20,999 | -€27,215 | -56.4% |
| Suppliers | 440/4 | €48,214 | €20,999 | -€27,215 | -56.4% |
| Advances received on contracts in progress | 46 | - | €9,680 | +€9,680 | |
| Taxes, remuneration and social security | 45 | €9,433 | €10,259 | +€826 | +8.8% |
| Taxes | 450/3 | €9,433 | €8,009 | -€1,424 | -15.1% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €4,500 | €28,200 | +€23,700 | +526.7% |
| Accrued charges and deferred income | 492/3 | €301 | €0 | -€301 | -100.0% |
| Non-recurring operating income | 76A | €782 | €364 | -€419 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,578 | €9,106 | -€24,472 | -72.9% |
| Other operating charges | 640/8 | €2,524 | €2,774 | +€250 | +9.9% |
| Non-recurring operating charges | 66A | €1,775 | €10,054 | +€8,279 | +466.4% |
| Gross operating margin | 9900 | €15,808 | €17,419 | +€1,612 | +10.2% |
| Operating profit (loss) | 9901 | -€22,070 | -€4,514 | +€17,556 | +79.5% |
| Financial income | 75/76B | €371 | €2,265 | +€1,894 | +510.0% |
| Recurring financial income | 75 | €371 | €2,265 | +€1,894 | +510.0% |
| Financial charges | 65/66B | €1,969 | €1,420 | -€549 | -27.9% |
| Recurring financial charges | 65 | €1,969 | €1,420 | -€549 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,667 | -€3,669 | +€19,999 | +84.5% |
| Income taxes | 67/77 | €1,012 | €961 | -€52 | -5.1% |
| Profit (loss) for the period | 9904 | -€24,680 | -€4,629 | +€20,051 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,680 | -€4,629 | +€20,051 | +81.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.