AJ CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€9,024
down €9,024 (-68.5%), from €13,168 to €4,145
of which Leasing and similar rights: -€11,392
- Cash +€6,982
up €6,982 (+32.0%), from €21,821 to €28,803
mainly Net result for the year (+€31,484) and Investment in fixed assets (net) (+€7,841)
- Receivables within one year -€3,350
down €3,350 (-10.6%), from €31,650 to €28,300
- Deferred charges and accrued income -€929
down €929 (-95.8%), from €970 to €41
- Debts after one year -€8,999
no longer reported in 2025 (was €8,999)
- Other debts +€6,181
up €6,181 (+18.6%), from €33,219 to €39,400
- Current portion of long-term debt -€2,462
no longer reported in 2025 (was €2,462)
- Tax, wage and social debts -€950
down €950 (-25.3%), from €3,753 to €2,803
- Gross operating margin +€5,705
up €5,705 (+13.1%), from €43,456 to €49,161
- Other operating charges +€2,061
up €2,061 (+215.5%), from €956 to €3,017
- Depreciation -€1,815
down €1,815 (-60.5%), from €2,998 to €1,183
- Taxes +€971
up €971 (+8.3%), from €11,753 to €12,725
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 | €67,609 | €61,288 | -€6,321 | -9.3% |
| Fixed assets | 21/28 | €13,168 | €4,145 | -€9,024 | -68.5% |
| Tangible fixed assets | 22/27 | €13,168 | €4,145 | -€9,024 | -68.5% |
| Furniture and vehicles | 24 | €1,776 | €4,145 | +€2,369 | +133.4% |
| Leasing and similar rights | 25 | €11,392 | - | -€11,392 | |
| Current assets | 29/58 | €54,441 | €57,144 | +€2,703 | +5.0% |
| Amounts receivable within one year | 40/41 | €31,650 | €28,300 | -€3,350 | -10.6% |
| Trade receivables | 40 | €31,650 | €28,300 | -€3,350 | -10.6% |
| Cash at bank and in hand | 54/58 | €21,821 | €28,803 | +€6,982 | +32.0% |
| Deferred charges and accrued income | 490/1 | €970 | €41 | -€929 | -95.8% |
| Total equity and liabilities | 10/49 | €67,609 | €61,288 | -€6,321 | -9.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €49,009 | €42,688 | -€6,321 | -12.9% |
| Amounts payable after more than one year | 17 | €8,999 | - | -€8,999 | |
| Financial debts | 170/4 | €8,999 | - | -€8,999 | |
| Amounts payable within one year | 42/48 | €40,010 | €42,688 | +€2,678 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €2,462 | - | -€2,462 | |
| Trade debts | 44 | €575 | €485 | -€90 | -15.6% |
| Suppliers | 440/4 | €575 | €485 | -€90 | -15.6% |
| Taxes, remuneration and social security | 45 | €3,753 | €2,803 | -€950 | -25.3% |
| Taxes | 450/3 | €3,753 | €2,803 | -€950 | -25.3% |
| Other amounts payable | 47/48 | €33,219 | €39,400 | +€6,181 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,998 | €1,183 | -€1,815 | -60.5% |
| Other operating charges | 640/8 | €956 | €3,017 | +€2,061 | +215.5% |
| Gross operating margin | 9900 | €43,456 | €49,161 | +€5,705 | +13.1% |
| Operating profit (loss) | 9901 | €39,502 | €44,961 | +€5,459 | +13.8% |
| Financial income | 75/76B | €9 | €14 | +€5 | +55.4% |
| Recurring financial income | 75 | €9 | €14 | +€5 | +55.4% |
| Financial charges | 65/66B | €720 | €767 | +€48 | +6.6% |
| Recurring financial charges | 65 | €720 | €767 | +€48 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €38,792 | €44,208 | +€5,417 | +14.0% |
| Income taxes | 67/77 | €11,753 | €12,725 | +€971 | +8.3% |
| Profit (loss) for the period | 9904 | €27,038 | €31,484 | +€4,445 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,038 | €31,484 | +€4,445 | +16.4% |
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 7 October 2026 via checked.be.