AJ WOOD: 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 WOOD
Largest movements
- Tangible fixed assets -€35,516
down €35,516 (-44.2%), from €80,310 to €44,794
of which Furniture and vehicles: -€24,334
- Cash -€13,917
down €13,917 (-72.7%), from €19,146 to €5,229
mainly Net result for the year (-€35,130) and Debts after one year (-€21,783)
- Receivables within one year -€9,458
down €9,458 (-63.5%), from €14,901 to €5,443
of which Other amounts receivable: -€9,630
- Intangible fixed assets -€2,959
down €2,959 (-14.6%), from €20,219 to €17,260
- Deferred charges and accrued income -€2,255
down €2,255 (-50.2%), from €4,494 to €2,239
- Profit (loss) carried forward -€35,130
down €35,130 (-289.1%), from -€12,150 to -€47,280
- Debts after one year -€21,783
down €21,783 (-39.2%), from €55,533 to €33,750
- Other debts -€10,998
down €10,998 (-25.4%), from €43,303 to €32,306
- Tax, wage and social debts +€2,017
up €2,017 (+43.8%), from €4,608 to €6,625
of which Remuneration and social security: +€2,000
- Depreciation -€12,512
down €12,512 (-43.9%), from €28,481 to €15,968
- Other operating charges +€7,551
up €7,551 (+97.0%), from €7,785 to €15,336
- Gross operating margin -€4,939
down €4,939 (-48.1%), from €10,271 to €5,332
- Financial charges -€1,441
down €1,441 (-13.7%), from €10,494 to €9,053
- Staff costs +€103
new in 2025: €103
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 | €139,276 | €75,171 | -€64,105 | -46.0% |
| Fixed assets | 21/28 | €100,734 | €62,259 | -€38,475 | -38.2% |
| Intangible fixed assets | 21 | €20,219 | €17,260 | -€2,959 | -14.6% |
| Tangible fixed assets | 22/27 | €80,310 | €44,794 | -€35,516 | -44.2% |
| Plant, machinery and equipment | 23 | €2,180 | €1,203 | -€977 | -44.8% |
| Furniture and vehicles | 24 | €24,842 | €508 | -€24,334 | -98.0% |
| Leasing and similar rights | 25 | €39,306 | €29,638 | -€9,668 | -24.6% |
| Other tangible fixed assets | 26 | €13,982 | €13,445 | -€537 | -3.8% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €38,541 | €12,911 | -€25,630 | -66.5% |
| Amounts receivable within one year | 40/41 | €14,901 | €5,443 | -€9,458 | -63.5% |
| Trade receivables | 40 | €5,271 | €5,443 | +€172 | +3.3% |
| Other amounts receivable | 41 | €9,630 | - | -€9,630 | |
| Cash at bank and in hand | 54/58 | €19,146 | €5,229 | -€13,917 | -72.7% |
| Deferred charges and accrued income | 490/1 | €4,494 | €2,239 | -€2,255 | -50.2% |
| Total equity and liabilities | 10/49 | €139,276 | €75,171 | -€64,105 | -46.0% |
| Equity | 10/15 | -€9,150 | -€44,280 | -€35,130 | -383.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,150 | -€47,280 | -€35,130 | -289.1% |
| Amounts payable | 17/49 | €148,426 | €119,450 | -€28,975 | -19.5% |
| Amounts payable after more than one year | 17 | €55,533 | €33,750 | -€21,783 | -39.2% |
| Financial debts | 170/4 | €55,533 | €33,750 | -€21,783 | -39.2% |
| Amounts payable within one year | 42/48 | €92,893 | €85,588 | -€7,305 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €20,651 | €21,783 | +€1,132 | +5.5% |
| Trade debts | 44 | €24,331 | €24,874 | +€543 | +2.2% |
| Suppliers | 440/4 | €24,331 | €24,874 | +€543 | +2.2% |
| Taxes, remuneration and social security | 45 | €4,608 | €6,625 | +€2,017 | +43.8% |
| Taxes | 450/3 | €4,608 | €4,625 | +€17 | +0.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €43,303 | €32,306 | -€10,998 | -25.4% |
| Accrued charges and deferred income | 492/3 | - | €113 | +€113 | |
| Remuneration, social security and pensions | 62 | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,481 | €15,968 | -€12,512 | -43.9% |
| Other operating charges | 640/8 | €7,785 | €15,336 | +€7,551 | +97.0% |
| Gross operating margin | 9900 | €10,271 | €5,332 | -€4,939 | -48.1% |
| Operating profit (loss) | 9901 | -€25,995 | -€26,077 | -€81 | -0.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €10,494 | €9,053 | -€1,441 | -13.7% |
| Recurring financial charges | 65 | €10,494 | €9,053 | -€1,441 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,489 | -€35,130 | +€1,359 | +3.7% |
| Profit (loss) for the period | 9904 | -€36,489 | -€35,130 | +€1,359 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,489 | -€35,130 | +€1,359 | +3.7% |
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 29 September 2026 via checked.be.