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 +€71,450
up €71,450 (+172.2%), from €41,486 to €112,936
of which Trade receivables: +€71,213
- Stocks and contracts +€20,329
new in 2025: €20,329
- Cash -€4,052
down €4,052 (-10.4%), from €38,931 to €34,880
mainly Receivables within one year (-€71,450) and Other debts (-€62,053)
- Tangible fixed assets +€3,859
up €3,859 (+4.6%), from €82,997 to €86,856
of which Other tangible fixed assets: +€8,128
- Profit (loss) carried forward +€99,627
up €99,627 (+279.1%), from €35,697 to €135,324
- Other debts -€62,053
down €62,053 (-67.3%), from €92,172 to €30,119
- Trade debts +€39,871
up €39,871 (+242.5%), from €16,444 to €56,315
- Advances received +€11,202
new in 2025: €11,202
- Gross operating margin +€103,554
up €103,554 (+171.8%), from €60,286 to €163,840
- Taxes +€17,788
up €17,788 (+180.8%), from €9,841 to €27,629
- Staff costs +€9,355
new in 2025: €9,355
- Depreciation +€6,799
up €6,799 (+49.4%), from €13,753 to €20,553
- Financial charges +€4,203
up €4,203 (+5708.1%), from €74 to €4,277
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 | €164,257 | €255,244 | +€90,988 | +55.4% |
| Fixed assets | 21/28 | €82,997 | €86,856 | +€3,859 | +4.6% |
| Tangible fixed assets | 22/27 | €82,997 | €86,856 | +€3,859 | +4.6% |
| Plant, machinery and equipment | 23 | €37,151 | €37,648 | +€498 | +1.3% |
| Furniture and vehicles | 24 | €11,083 | €6,316 | -€4,768 | -43.0% |
| Other tangible fixed assets | 26 | €34,763 | €42,892 | +€8,128 | +23.4% |
| Current assets | 29/58 | €81,259 | €168,388 | +€87,129 | +107.2% |
| Stocks and contracts in progress | 3 | - | €20,329 | +€20,329 | |
| Stocks | 30/36 | - | €20,329 | +€20,329 | |
| Amounts receivable within one year | 40/41 | €41,486 | €112,936 | +€71,450 | +172.2% |
| Trade receivables | 40 | €41,486 | €112,698 | +€71,213 | +171.7% |
| Other amounts receivable | 41 | - | €237 | +€237 | |
| Cash at bank and in hand | 54/58 | €38,931 | €34,880 | -€4,052 | -10.4% |
| Deferred charges and accrued income | 490/1 | €842 | €244 | -€598 | -71.0% |
| Total equity and liabilities | 10/49 | €164,257 | €255,244 | +€90,988 | +55.4% |
| Equity | 10/15 | €37,697 | €137,324 | +€99,627 | +264.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,697 | €135,324 | +€99,627 | +279.1% |
| Amounts payable | 17/49 | €126,560 | €117,920 | -€8,639 | -6.8% |
| Amounts payable within one year | 42/48 | €126,560 | €117,920 | -€8,639 | -6.8% |
| Trade debts | 44 | €16,444 | €56,315 | +€39,871 | +242.5% |
| Suppliers | 440/4 | €16,444 | €56,315 | +€39,871 | +242.5% |
| Advances received on contracts in progress | 46 | - | €11,202 | +€11,202 | |
| Taxes, remuneration and social security | 45 | €17,944 | €20,285 | +€2,341 | +13.0% |
| Taxes | 450/3 | €15,944 | €16,673 | +€729 | +4.6% |
| Remuneration and social security | 454/9 | €2,000 | €3,612 | +€1,612 | +80.6% |
| Other amounts payable | 47/48 | €92,172 | €30,119 | -€62,053 | -67.3% |
| Remuneration, social security and pensions | 62 | - | €9,355 | +€9,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,753 | €20,553 | +€6,799 | +49.4% |
| Other operating charges | 640/8 | €126 | €1,585 | +€1,459 | +1160.5% |
| Gross operating margin | 9900 | €60,286 | €163,840 | +€103,554 | +171.8% |
| Operating profit (loss) | 9901 | €46,407 | €132,348 | +€85,940 | +185.2% |
| Financial income | 75/76B | €37 | €18 | -€18 | -50.3% |
| Recurring financial income | 75 | €37 | €18 | -€18 | -50.3% |
| Financial charges | 65/66B | €74 | €4,277 | +€4,203 | +5708.1% |
| Recurring financial charges | 65 | €74 | €4,277 | +€4,203 | +5708.1% |
| Profit (loss) for the period before taxes | 9903 | €46,370 | €128,089 | +€81,719 | +176.2% |
| Income taxes | 67/77 | €9,841 | €27,629 | +€17,788 | +180.8% |
| Profit (loss) for the period | 9904 | €36,530 | €100,460 | +€63,930 | +175.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,530 | €100,460 | +€63,930 | +175.0% |
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 5 October 2026 via checked.be.