AJ.LAB: 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.LAB
Largest movements
- Tangible fixed assets +€255,825
up €255,825 (+337.6%), from €75,783 to €331,608
of which Land and buildings: +€244,767
- Cash +€99,188
up €99,188 (+158.3%), from €62,648 to €161,836
mainly Debts after one year (+€220,440) and Net result for the year (+€137,670)
- Debts after one year +€220,440
up €220,440 (+1159.9%), from €19,005 to €239,445
- Profit (loss) carried forward +€55,270
up €55,270 (+99.9%), from €55,342 to €110,612
- Tax, wage and social debts +€53,608
up €53,608 (+61.5%), from €87,179 to €140,787
of which Taxes: +€42,360
- Other debts +€22,653
up €22,653 (+37.5%), from €60,350 to €83,004
- Trade debts +€7,156
up €7,156 (+24.9%), from €28,771 to €35,927
- Gross operating margin +€116,416
up €116,416 (+22.9%), from €508,303 to €624,719
- Depreciation +€40,612
up €40,612 (+98.8%), from €41,124 to €81,736
- Staff costs +€34,898
up €34,898 (+11.7%), from €299,124 to €334,022
- Taxes +€10,152
up €10,152 (+23.9%), from €42,477 to €52,629
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 | €300,866 | €662,755 | +€361,889 | +120.3% |
| Fixed assets | 21/28 | €90,595 | €349,449 | +€258,854 | +285.7% |
| Intangible fixed assets | 21 | €13,753 | €16,782 | +€3,029 | +22.0% |
| Tangible fixed assets | 22/27 | €75,783 | €331,608 | +€255,825 | +337.6% |
| Land and buildings | 22 | - | €244,767 | +€244,767 | |
| Plant, machinery and equipment | 23 | €41,443 | €32,491 | -€8,952 | -21.6% |
| Furniture and vehicles | 24 | €32,309 | €19,492 | -€12,816 | -39.7% |
| Leasing and similar rights | 25 | €405 | €33,459 | +€33,054 | +8163.0% |
| Other tangible fixed assets | 26 | €1,627 | €1,400 | -€227 | -14.0% |
| Financial fixed assets | 28 | €1,058 | €1,058 | = | 0.0% |
| Current assets | 29/58 | €210,271 | €313,306 | +€103,035 | +49.0% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €126,034 | €129,943 | +€3,909 | +3.1% |
| Trade receivables | 40 | €124,587 | €127,984 | +€3,397 | +2.7% |
| Other amounts receivable | 41 | €1,447 | €1,959 | +€512 | +35.3% |
| Cash at bank and in hand | 54/58 | €62,648 | €161,836 | +€99,188 | +158.3% |
| Deferred charges and accrued income | 490/1 | €6,588 | €6,526 | -€62 | -0.9% |
| Total equity and liabilities | 10/49 | €300,866 | €662,755 | +€361,889 | +120.3% |
| Equity | 10/15 | €73,942 | €129,212 | +€55,270 | +74.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,342 | €110,612 | +€55,270 | +99.9% |
| Amounts payable | 17/49 | €226,924 | €533,543 | +€306,619 | +135.1% |
| Amounts payable after more than one year | 17 | €19,005 | €239,445 | +€220,440 | +1159.9% |
| Financial debts | 170/4 | €19,005 | €239,445 | +€220,440 | +1159.9% |
| Amounts payable within one year | 42/48 | €207,811 | €294,064 | +€86,253 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €31,510 | €34,346 | +€2,836 | +9.0% |
| Trade debts | 44 | €28,771 | €35,927 | +€7,156 | +24.9% |
| Suppliers | 440/4 | €28,771 | €35,927 | +€7,156 | +24.9% |
| Taxes, remuneration and social security | 45 | €87,179 | €140,787 | +€53,608 | +61.5% |
| Taxes | 450/3 | €59,608 | €101,968 | +€42,360 | +71.1% |
| Remuneration and social security | 454/9 | €27,571 | €38,819 | +€11,248 | +40.8% |
| Other amounts payable | 47/48 | €60,350 | €83,004 | +€22,653 | +37.5% |
| Accrued charges and deferred income | 492/3 | €109 | €34 | -€75 | -68.9% |
| Remuneration, social security and pensions | 62 | €299,124 | €334,022 | +€34,898 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,124 | €81,736 | +€40,612 | +98.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,973 | €0 | -€2,973 | -100.0% |
| Other operating charges | 640/8 | €5,319 | €6,683 | +€1,364 | +25.7% |
| Gross operating margin | 9900 | €508,303 | €624,719 | +€116,416 | +22.9% |
| Operating profit (loss) | 9901 | €159,762 | €202,277 | +€42,515 | +26.6% |
| Financial income | 75/76B | €371 | €1,974 | +€1,603 | +431.7% |
| Recurring financial income | 75 | €371 | €1,974 | +€1,603 | +431.7% |
| Financial charges | 65/66B | €9,219 | €13,952 | +€4,734 | +51.3% |
| Recurring financial charges | 65 | €9,219 | €13,952 | +€4,734 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €150,914 | €190,299 | +€39,384 | +26.1% |
| Income taxes | 67/77 | €42,477 | €52,629 | +€10,152 | +23.9% |
| Profit (loss) for the period | 9904 | €108,438 | €137,670 | +€29,232 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,438 | €137,670 | +€29,232 | +27.0% |
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.