AJA: 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.
AJA
Largest movements
- Cash +€50,742
up €50,742 (+489.2%), from €10,373 to €61,114
mainly Net result for the year (+€68,043) and Tax, wage and social debts (+€8,023)
- Receivables within one year +€23,780
up €23,780 (+22.2%), from €107,320 to €131,100
of which Trade receivables: +€12,600
- Reserves +€67,210
up €67,210 (+105.0%), from €64,011 to €131,220
- Tax, wage and social debts +€8,023
up €8,023 (+16.0%), from €50,291 to €58,314
of which Taxes: +€10,943
- Short-term financial debts +€2,466
up €2,466 (+2394.1%), from €103 to €2,569
- Gross operating margin +€52,634
up €52,634 (+138.0%), from €38,133 to €90,766
- Taxes +€9,158
up €9,158 (+92.6%), from €9,893 to €19,051
- Financial income +€3,384
up €3,384 (+32224.6%), from €11 to €3,394
- Other operating charges -€1,309
down €1,309 (-55.1%), from €2,373 to €1,065
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 | €123,902 | €200,114 | +€76,212 | +61.5% |
| Fixed assets | 21/28 | €6,196 | €7,855 | +€1,659 | +26.8% |
| Tangible fixed assets | 22/27 | €6,196 | €7,855 | +€1,659 | +26.8% |
| Furniture and vehicles | 24 | €6,196 | €7,855 | +€1,659 | +26.8% |
| Current assets | 29/58 | €117,706 | €192,259 | +€74,553 | +63.3% |
| Amounts receivable within one year | 40/41 | €107,320 | €131,100 | +€23,780 | +22.2% |
| Trade receivables | 40 | €48,400 | €61,000 | +€12,600 | +26.0% |
| Other amounts receivable | 41 | €58,920 | €70,100 | +€11,180 | +19.0% |
| Cash at bank and in hand | 54/58 | €10,373 | €61,114 | +€50,742 | +489.2% |
| Deferred charges and accrued income | 490/1 | €14 | €45 | +€31 | +227.5% |
| Total equity and liabilities | 10/49 | €123,902 | €200,114 | +€76,212 | +61.5% |
| Equity | 10/15 | €68,011 | €135,220 | +€67,210 | +98.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €64,011 | €131,220 | +€67,210 | +105.0% |
| Distributable reserves | 133 | €64,011 | €131,220 | +€67,210 | +105.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,892 | €64,894 | +€9,002 | +16.1% |
| Amounts payable within one year | 42/48 | €55,892 | €64,894 | +€9,002 | +16.1% |
| Financial debts | 43 | €103 | €2,569 | +€2,466 | +2394.1% |
| Credit institutions | 430/8 | €103 | €2,569 | +€2,466 | +2394.1% |
| Trade debts | 44 | €4,665 | €3,428 | -€1,237 | -26.5% |
| Suppliers | 440/4 | €4,665 | €3,428 | -€1,237 | -26.5% |
| Taxes, remuneration and social security | 45 | €50,291 | €58,314 | +€8,023 | +16.0% |
| Taxes | 450/3 | €44,451 | €55,394 | +€10,943 | +24.6% |
| Remuneration and social security | 454/9 | €5,840 | €2,920 | -€2,920 | -50.0% |
| Other amounts payable | 47/48 | €833 | €583 | -€250 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €1,650 | +€90 | +5.8% |
| Other operating charges | 640/8 | €2,373 | €1,065 | -€1,309 | -55.1% |
| Non-recurring operating charges | 66A | - | €3,632 | +€3,632 | |
| Gross operating margin | 9900 | €38,133 | €90,766 | +€52,634 | +138.0% |
| Operating profit (loss) | 9901 | €34,199 | €84,420 | +€50,221 | +146.8% |
| Financial income | 75/76B | €11 | €3,394 | +€3,384 | +32224.6% |
| Recurring financial income | 75 | €11 | €3,394 | +€3,384 | +32224.6% |
| Financial charges | 65/66B | €1,020 | €721 | -€299 | -29.3% |
| Recurring financial charges | 65 | €1,020 | €721 | -€299 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €33,190 | €87,094 | +€53,904 | +162.4% |
| Income taxes | 67/77 | €9,893 | €19,051 | +€9,158 | +92.6% |
| Profit (loss) for the period | 9904 | €23,297 | €68,043 | +€44,746 | +192.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,297 | €68,043 | +€44,746 | +192.1% |
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.