AJ GROUP: 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 GROUP
Largest movements
- Cash +€48,436
up €48,436 (+3509.1%), from €1,380 to €49,816
mainly Trade debts (+€35,516) and Net result for the year (+€31,570)
- Receivables within one year +€37,920
up €37,920 (+4175.8%), from €908 to €38,828
of which Trade receivables: +€37,881
- Formation expenses -€2,373
no longer reported in 2025 (was €2,373)
- Intangible fixed assets +€1,872
new in 2025: €1,872
- Trade debts +€35,516
up €35,516 (+4076.0%), from €871 to €36,387
- Profit (loss) carried forward +€31,570
up €31,570, from -€701 to €30,869
- Tax, wage and social debts +€9,957
new in 2025: €9,957
- Advances received +€6,343
new in 2025: €6,343
- Contributions +€4,500
up €4,500 (+112.5%), from €4,000 to €8,500
- Gross operating margin +€42,895
up €42,895, from -€118 to €42,777
- Taxes +€8,798
new in 2025: €8,798
- Financial charges +€1,170
up €1,170 (+2277.8%), from €51 to €1,221
of which Financial charges: +€634
- Depreciation +€1,113
up €1,113 (+761.9%), from €146 to €1,259
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 | €6,670 | €92,056 | +€85,385 | +1280.1% |
| Formation expenses | 20 | €2,373 | - | -€2,373 | |
| Fixed assets | 21/28 | €2,009 | €3,411 | +€1,402 | +69.8% |
| Intangible fixed assets | 21 | - | €1,872 | +€1,872 | |
| Tangible fixed assets | 22/27 | €2,009 | €1,539 | -€470 | -23.4% |
| Plant, machinery and equipment | 23 | - | €1,539 | +€1,539 | |
| Furniture and vehicles | 24 | €2,009 | - | -€2,009 | |
| Current assets | 29/58 | €2,288 | €88,645 | +€86,356 | +3773.7% |
| Amounts receivable within one year | 40/41 | €908 | €38,828 | +€37,920 | +4175.8% |
| Trade receivables | 40 | - | €37,881 | +€37,881 | |
| Other amounts receivable | 41 | €908 | €947 | +€39 | +4.3% |
| Cash at bank and in hand | 54/58 | €1,380 | €49,816 | +€48,436 | +3509.1% |
| Total equity and liabilities | 10/49 | €6,670 | €92,056 | +€85,385 | +1280.1% |
| Equity | 10/15 | €3,299 | €39,369 | +€36,070 | +1093.3% |
| Contributions | 10/11 | €4,000 | €8,500 | +€4,500 | +112.5% |
| Profit (loss) carried forward | 14 | -€701 | €30,869 | +€31,570 | |
| Amounts payable | 17/49 | €3,371 | €52,687 | +€49,315 | +1462.8% |
| Amounts payable within one year | 42/48 | €3,371 | €52,687 | +€49,315 | +1462.8% |
| Trade debts | 44 | €871 | €36,387 | +€35,516 | +4076.0% |
| Suppliers | 440/4 | €871 | €36,387 | +€35,516 | +4076.0% |
| Advances received on contracts in progress | 46 | - | €6,343 | +€6,343 | |
| Taxes, remuneration and social security | 45 | - | €9,957 | +€9,957 | |
| Taxes | 450/3 | - | €9,957 | +€9,957 | |
| Other amounts payable | 47/48 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €1,259 | +€1,113 | +761.9% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€118 | €42,777 | +€42,895 | |
| Operating profit (loss) | 9901 | -€652 | €41,518 | +€42,169 | |
| Financial income | 75/76B | €2 | €72 | +€70 | +3553.3% |
| Recurring financial income | 75 | €2 | €72 | +€70 | +3553.3% |
| Non-recurring financial income | 76B | - | €72 | +€72 | |
| Financial charges | 65/66B | €51 | €1,221 | +€1,170 | +2277.8% |
| Recurring financial charges | 65 | €51 | €685 | +€634 | +1233.9% |
| Non-recurring financial charges | 66B | - | €536 | +€536 | |
| Profit (loss) for the period before taxes | 9903 | -€701 | €40,369 | +€41,070 | |
| Income taxes | 67/77 | - | €8,798 | +€8,798 | |
| Profit (loss) for the period | 9904 | -€701 | €31,570 | +€32,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€701 | €31,570 | +€32,271 |
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 10 October 2026 via checked.be.