AJ SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€5,538
down €5,538 (-13.5%), from €40,914 to €35,375
of which Trade receivables: -€9,625
- Deferred charges and accrued income -€4,795
down €4,795 (-68.1%), from €7,038 to €2,243
- Cash -€3,073
down €3,073 (-89.8%), from €3,421 to €348
mainly Debts after one year (-€15,121) and Other debts (-€13,793)
- Trade debts +€21,097
up €21,097 (+26.7%), from €78,929 to €100,026
- Debts after one year -€15,121
down €15,121 (-46.4%), from €32,603 to €17,482
- Other debts -€13,793
down €13,793 (-80.1%), from €17,214 to €3,420
- Tax, wage and social debts -€7,000
down €7,000 (-59.8%), from €11,697 to €4,697
of which Taxes: -€4,170
- Gross operating margin -€21,047
down €21,047 (-7.3%), from €289,244 to €268,197
- Staff costs +€17,542
up €17,542 (+8.0%), from €219,708 to €237,250
- Other operating charges -€5,818
down €5,818 (-73.2%), from €7,944 to €2,125
- Taxes -€3,012
down €3,012 (-20.4%), from €14,733 to €11,721
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 | €237,065 | €223,619 | -€13,446 | -5.7% |
| Fixed assets | 21/28 | €22,331 | €24,549 | +€2,218 | +9.9% |
| Tangible fixed assets | 22/27 | €14,851 | €17,069 | +€2,218 | +14.9% |
| Plant, machinery and equipment | 23 | €11,821 | €9,771 | -€2,050 | -17.3% |
| Furniture and vehicles | 24 | €3,030 | €7,298 | +€4,267 | +140.8% |
| Financial fixed assets | 28 | €7,480 | €7,480 | = | 0.0% |
| Current assets | 29/58 | €214,734 | €199,070 | -€15,664 | -7.3% |
| Stocks and contracts in progress | 3 | €163,362 | €161,103 | -€2,258 | -1.4% |
| Stocks | 30/36 | €163,362 | €161,103 | -€2,258 | -1.4% |
| Amounts receivable within one year | 40/41 | €40,914 | €35,375 | -€5,538 | -13.5% |
| Trade receivables | 40 | €39,125 | €29,500 | -€9,625 | -24.6% |
| Other amounts receivable | 41 | €1,789 | €5,876 | +€4,087 | +228.5% |
| Cash at bank and in hand | 54/58 | €3,421 | €348 | -€3,073 | -89.8% |
| Deferred charges and accrued income | 490/1 | €7,038 | €2,243 | -€4,795 | -68.1% |
| Total equity and liabilities | 10/49 | €237,065 | €223,619 | -€13,446 | -5.7% |
| Equity | 10/15 | €56,906 | €58,284 | +€1,378 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,446 | €37,824 | +€1,378 | +3.8% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €170,159 | €155,335 | -€14,824 | -8.7% |
| Amounts payable after more than one year | 17 | €32,603 | €17,482 | -€15,121 | -46.4% |
| Financial debts | 170/4 | €32,603 | €17,482 | -€15,121 | -46.4% |
| Amounts payable within one year | 42/48 | €137,556 | €137,853 | +€297 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €29,616 | €29,596 | -€19 | -0.1% |
| Financial debts | 43 | €101 | €114 | +€13 | +12.8% |
| Credit institutions | 430/8 | €101 | €114 | +€13 | +12.8% |
| Trade debts | 44 | €78,929 | €100,026 | +€21,097 | +26.7% |
| Suppliers | 440/4 | €78,929 | €100,026 | +€21,097 | +26.7% |
| Taxes, remuneration and social security | 45 | €11,697 | €4,697 | -€7,000 | -59.8% |
| Taxes | 450/3 | €4,215 | €45 | -€4,170 | -98.9% |
| Remuneration and social security | 454/9 | €7,482 | €4,652 | -€2,830 | -37.8% |
| Other amounts payable | 47/48 | €17,214 | €3,420 | -€13,793 | -80.1% |
| Remuneration, social security and pensions | 62 | €219,708 | €237,250 | +€17,542 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,907 | €4,859 | +€952 | +24.4% |
| Other operating charges | 640/8 | €7,944 | €2,125 | -€5,818 | -73.2% |
| Gross operating margin | 9900 | €289,244 | €268,197 | -€21,047 | -7.3% |
| Operating profit (loss) | 9901 | €57,685 | €23,963 | -€33,722 | -58.5% |
| Financial income | 75/76B | €8 | €0 | -€8 | -97.6% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -97.6% |
| Financial charges | 65/66B | €9,703 | €9,198 | -€505 | -5.2% |
| Recurring financial charges | 65 | €9,703 | €9,198 | -€505 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €47,990 | €14,765 | -€33,226 | -69.2% |
| Income taxes | 67/77 | €14,733 | €11,721 | -€3,012 | -20.4% |
| Profit (loss) for the period | 9904 | €33,257 | €3,044 | -€30,214 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,257 | €3,044 | -€30,214 | -90.8% |
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 4 October 2026 via checked.be.