AJ MOTORS: 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 MOTORS
Largest movements
- Stocks and contracts +€539,796
up €539,796 (+107%), from €505,653 to €1.0m
- Cash -€157,282
down €157,282 (-70.6%), from €222,845 to €65,563
mainly Stocks and contracts (-€539,796) and Trade debts (-€100,764)
- Receivables within one year -€156,466
down €156,466 (-64.8%), from €241,603 to €85,137
of which Trade receivables: -€190,019
- Debts after one year +€140,000
up €140,000 (+33.3%), from €420,000 to €560,000
- Trade debts -€100,764
down €100,764 (-98.1%), from €102,691 to €1,927
- Short-term financial debts +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Profit (loss) carried forward +€64,633
up €64,633 (+46.1%), from €140,199 to €204,832
- Tax, wage and social debts +€24,432
up €24,432 (+63.4%), from €38,555 to €62,987
of which Taxes: +€24,432
- Taxes +€7,540
up €7,540 (+27.2%), from €27,724 to €35,264
- Gross operating margin +€7,001
up €7,001 (+4.9%), from €144,290 to €151,291
- Financial charges +€6,336
up €6,336 (+80.8%), from €7,837 to €14,173
- Other operating charges +€1,558
up €1,558 (+23.2%), from €6,715 to €8,272
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.
Derived cash bridge
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 | €990,345 | €1,215,944 | +€225,599 | +22.8% |
| Formation expenses | 20 | €879 | €509 | -€369 | -42.1% |
| Fixed assets | 21/28 | €7,019 | €6,672 | -€348 | -5.0% |
| Tangible fixed assets | 22/27 | €627 | €279 | -€348 | -55.5% |
| Furniture and vehicles | 24 | €627 | €279 | -€348 | -55.5% |
| Financial fixed assets | 28 | €6,392 | €6,392 | = | 0.0% |
| Current assets | 29/58 | €982,447 | €1,208,763 | +€226,316 | +23.0% |
| Stocks and contracts in progress | 3 | €505,653 | €1,045,449 | +€539,796 | +107% |
| Stocks | 30/36 | €505,653 | €1,045,449 | +€539,796 | +107% |
| Amounts receivable within one year | 40/41 | €241,603 | €85,137 | -€156,466 | -64.8% |
| Trade receivables | 40 | €241,603 | €51,584 | -€190,019 | -78.6% |
| Other amounts receivable | 41 | €0 | €33,553 | +€33,553 | |
| Cash at bank and in hand | 54/58 | €222,845 | €65,563 | -€157,282 | -70.6% |
| Deferred charges and accrued income | 490/1 | €12,347 | €12,615 | +€268 | +2.2% |
| Total equity and liabilities | 10/49 | €990,345 | €1,215,944 | +€225,599 | +22.8% |
| Equity | 10/15 | €192,199 | €256,832 | +€64,633 | +33.6% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,199 | €204,832 | +€64,633 | +46.1% |
| Amounts payable | 17/49 | €798,146 | €959,112 | +€160,966 | +20.2% |
| Amounts payable after more than one year | 17 | €420,000 | €560,000 | +€140,000 | +33.3% |
| Financial debts | 170/4 | €420,000 | €560,000 | +€140,000 | +33.3% |
| Amounts payable within one year | 42/48 | €378,146 | €399,112 | +€20,966 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Credit institutions | 430/8 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Trade debts | 44 | €102,691 | €1,927 | -€100,764 | -98.1% |
| Suppliers | 440/4 | €102,691 | €1,927 | -€100,764 | -98.1% |
| Advances received on contracts in progress | 46 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Taxes, remuneration and social security | 45 | €38,555 | €62,987 | +€24,432 | +63.4% |
| Taxes | 450/3 | €38,555 | €62,987 | +€24,432 | +63.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,400 | €29,197 | -€203 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €717 | = | 0.0% |
| Other operating charges | 640/8 | €6,715 | €8,272 | +€1,558 | +23.2% |
| Gross operating margin | 9900 | €144,290 | €151,291 | +€7,001 | +4.9% |
| Operating profit (loss) | 9901 | €136,858 | €142,302 | +€5,443 | +4.0% |
| Financial income | 75/76B | €94 | €3 | -€90 | -96.7% |
| Recurring financial income | 75 | €94 | €3 | -€90 | -96.7% |
| Financial charges | 65/66B | €7,837 | €14,173 | +€6,336 | +80.8% |
| Recurring financial charges | 65 | €7,837 | €14,173 | +€6,336 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €129,115 | €128,132 | -€983 | -0.8% |
| Income taxes | 67/77 | €27,724 | €35,264 | +€7,540 | +27.2% |
| Profit (loss) for the period | 9904 | €101,391 | €92,868 | -€8,523 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,391 | €92,868 | -€8,523 | -8.4% |
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 26 October 2026 via checked.be.