AJ'L 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'L CONCEPT
Largest movements
- Tangible fixed assets -€75,857
down €75,857 (-16.9%), from €447,679 to €371,822
of which Land and buildings: -€75,043
- Cash +€29,186
up €29,186 (+1487.3%), from €1,962 to €31,149
mainly Investment in fixed assets (net) (+€51,062) and Other debts (+€28,151)
- Debts after one year -€64,422
down €64,422 (-25.7%), from €250,593 to €186,171
- Other debts +€28,151
up €28,151 (+126.8%), from €22,205 to €50,356
- Reserves -€5,645
down €5,645 (-2.7%), from €206,353 to €200,707
of which Tax-exempt reserves: -€5,645
- Gross operating margin +€18,087
up €18,087 (+197.1%), from €9,176 to €27,262
- Financial income -€7,891
down €7,891 (-100.0%), from €7,891 to €0
of which Non-recurring financial income: -€7,890
- Financial charges -€1,518
down €1,518 (-13.1%), from €11,560 to €10,041
- Depreciation -€1,493
down €1,493 (-5.7%), from €26,288 to €24,795
- Other operating charges +€618
up €618 (+20.6%), from €3,006 to €3,624
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 | €489,313 | €441,261 | -€48,052 | -9.8% |
| Fixed assets | 21/28 | €447,679 | €371,822 | -€75,857 | -16.9% |
| Tangible fixed assets | 22/27 | €447,679 | €371,822 | -€75,857 | -16.9% |
| Land and buildings | 22 | €446,865 | €371,822 | -€75,043 | -16.8% |
| Plant, machinery and equipment | 23 | €814 | €0 | -€814 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €41,634 | €69,438 | +€27,805 | +66.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €37,917 | €38,248 | +€331 | +0.9% |
| Trade receivables | 40 | €11,001 | €11,785 | +€784 | +7.1% |
| Other amounts receivable | 41 | €26,917 | €26,463 | -€453 | -1.7% |
| Cash at bank and in hand | 54/58 | €1,962 | €31,149 | +€29,186 | +1487.3% |
| Deferred charges and accrued income | 490/1 | €1,754 | €42 | -€1,712 | -97.6% |
| Total equity and liabilities | 10/49 | €489,313 | €441,261 | -€48,052 | -9.8% |
| Equity | 10/15 | €112,473 | €102,498 | -€9,975 | -8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €206,353 | €200,707 | -€5,645 | -2.7% |
| Tax-exempt reserves | 132 | €103,500 | €97,855 | -€5,645 | -5.5% |
| Distributable reserves | 133 | €102,853 | €102,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,879 | -€160,209 | -€4,330 | -2.8% |
| Provisions and deferred taxes | 16 | €34,500 | €32,618 | -€1,882 | -5.5% |
| Deferred taxes | 168 | €34,500 | €32,618 | -€1,882 | -5.5% |
| Amounts payable | 17/49 | €342,340 | €306,144 | -€36,195 | -10.6% |
| Amounts payable after more than one year | 17 | €250,593 | €186,171 | -€64,422 | -25.7% |
| Financial debts | 170/4 | €250,593 | €186,171 | -€64,422 | -25.7% |
| Amounts payable within one year | 42/48 | €91,747 | €119,574 | +€27,827 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €51,535 | €51,252 | -€283 | -0.5% |
| Trade debts | 44 | €16,913 | €15,397 | -€1,516 | -9.0% |
| Suppliers | 440/4 | €16,913 | €15,397 | -€1,516 | -9.0% |
| Taxes, remuneration and social security | 45 | €1,094 | €2,569 | +€1,475 | +134.9% |
| Taxes | 450/3 | €1,001 | €2,476 | +€1,475 | +147.4% |
| Remuneration and social security | 454/9 | €93 | €93 | = | 0.0% |
| Other amounts payable | 47/48 | €22,205 | €50,356 | +€28,151 | +126.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €586 | €407 | -€179 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,288 | €24,795 | -€1,493 | -5.7% |
| Other operating charges | 640/8 | €3,006 | €3,624 | +€618 | +20.6% |
| Non-recurring operating charges | 66A | €155,366 | - | -€155,366 | |
| Gross operating margin | 9900 | €9,176 | €27,262 | +€18,087 | +197.1% |
| Operating profit (loss) | 9901 | -€176,069 | -€1,563 | +€174,506 | +99.1% |
| Financial income | 75/76B | €7,891 | €0 | -€7,891 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.5% |
| Non-recurring financial income | 76B | €7,890 | - | -€7,890 | |
| Financial charges | 65/66B | €11,560 | €10,041 | -€1,518 | -13.1% |
| Recurring financial charges | 65 | €11,560 | €10,041 | -€1,518 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€179,739 | -€11,605 | +€168,134 | +93.5% |
| Transfer from deferred taxes | 780 | €22,998 | €1,882 | -€21,116 | -91.8% |
| Income taxes | 67/77 | €291 | €252 | -€39 | -13.3% |
| Profit (loss) for the period | 9904 | -€157,031 | -€9,975 | +€147,056 | +93.6% |
| Transfer from tax-exempt reserves | 789 | €68,994 | €5,645 | -€63,349 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,037 | -€4,330 | +€83,708 | +95.1% |
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 3 October 2026 via checked.be.