AJ PERFORMANCE HORSES: 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 PERFORMANCE HORSES
Largest movements
- Cash -€5,257
down €5,257 (-40.1%), from €13,096 to €7,839
mainly Net result for the year (-€17,191) and Trade debts (-€2,674)
- Deferred charges and accrued income -€2,126
no longer reported in 2025 (was €2,126)
- Tangible fixed assets -€1,624
down €1,624 (-45.7%), from €3,554 to €1,929
- Receivables within one year +€1,390
up €1,390 (+58.0%), from €2,397 to €3,788
of which Other amounts receivable: +€1,185
- Profit (loss) carried forward -€17,191
down €17,191 (-3,158%), from -€544 to -€17,735
- Other debts +€14,740
up €14,740 (+123%), from €11,944 to €26,684
- Trade debts -€2,674
down €2,674 (-55.9%), from €4,781 to €2,107
- Tax, wage and social debts -€2,492
no longer reported in 2025 (was €2,492)
- Gross operating margin -€15,596
down €15,596, from €1,336 to -€14,260
- Other operating charges +€539
up €539 (+94.7%), from €569 to €1,108
- Depreciation +€356
up €356 (+28.0%), from €1,269 to €1,624
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.
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 | €21,173 | €13,556 | -€7,617 | -36.0% |
| Fixed assets | 21/28 | €3,554 | €1,929 | -€1,624 | -45.7% |
| Tangible fixed assets | 22/27 | €3,554 | €1,929 | -€1,624 | -45.7% |
| Furniture and vehicles | 24 | €3,554 | €1,929 | -€1,624 | -45.7% |
| Current assets | 29/58 | €17,619 | €11,626 | -€5,993 | -34.0% |
| Amounts receivable within one year | 40/41 | €2,397 | €3,788 | +€1,390 | +58.0% |
| Trade receivables | 40 | €2,397 | €2,603 | +€206 | +8.6% |
| Other amounts receivable | 41 | - | €1,185 | +€1,185 | |
| Cash at bank and in hand | 54/58 | €13,096 | €7,839 | -€5,257 | -40.1% |
| Deferred charges and accrued income | 490/1 | €2,126 | - | -€2,126 | |
| Total equity and liabilities | 10/49 | €21,173 | €13,556 | -€7,617 | -36.0% |
| Equity | 10/15 | €1,956 | -€15,235 | -€17,191 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€544 | -€17,735 | -€17,191 | -3,158% |
| Amounts payable | 17/49 | €19,217 | €28,791 | +€9,574 | +49.8% |
| Amounts payable within one year | 42/48 | €19,217 | €28,791 | +€9,574 | +49.8% |
| Trade debts | 44 | €4,781 | €2,107 | -€2,674 | -55.9% |
| Suppliers | 440/4 | €4,781 | €2,107 | -€2,674 | -55.9% |
| Taxes, remuneration and social security | 45 | €2,492 | - | -€2,492 | |
| Taxes | 450/3 | €2,492 | - | -€2,492 | |
| Other amounts payable | 47/48 | €11,944 | €26,684 | +€14,740 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €1,624 | +€356 | +28.0% |
| Other operating charges | 640/8 | €569 | €1,108 | +€539 | +94.7% |
| Gross operating margin | 9900 | €1,336 | -€14,260 | -€15,596 | |
| Operating profit (loss) | 9901 | -€502 | -€16,992 | -€16,490 | -3,286% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €95 | €198 | +€103 | +109% |
| Recurring financial charges | 65 | €95 | €198 | +€103 | +109% |
| Profit (loss) for the period before taxes | 9903 | -€579 | -€17,191 | -€16,611 | -2,868% |
| Profit (loss) for the period | 9904 | -€579 | -€17,191 | -€16,611 | -2,868% |
| Profit (loss) for the period to be appropriated | 9905 | -€579 | -€17,191 | -€16,611 | -2,868% |
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 28 October 2026 via checked.be.