AJB NOVASKIN: 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.
AJB NOVASKIN
Largest movements
- Tangible fixed assets +€85,305
up €85,305 (+515%), from €16,572 to €101,878
of which Land and buildings: +€69,985
- Cash -€67,445
down €67,445 (-34.8%), from €193,902 to €126,457
mainly Investment in fixed assets (net) (-€96,573) and Contributions, distributions and other (-€85,484)
- Receivables within one year -€55,719
down €55,719 (-82.7%), from €67,358 to €11,639
of which Trade receivables: -€64,651
- Trade debts -€65,804
down €65,804 (-99.8%), from €65,942 to €138
- Debts after one year +€44,307
up €44,307 (+490%), from €9,035 to €53,342
- Profit (loss) carried forward -€43,205
no longer reported in 2025 (was €43,205)
- Accrued charges and deferred income +€27,103
up €27,103 (+18,760%), from €144 to €27,247
- Current portion of long-term debt +€9,420
up €9,420 (+98.6%), from €9,554 to €18,974
- Staff costs +€27,334
new in 2025: €27,334
- Gross operating margin -€25,586
down €25,586 (-19.0%), from €134,506 to €108,919
- Other operating charges -€18,351
down €18,351 (-96.3%), from €19,060 to €709
- Taxes -€10,640
down €10,640 (-48.2%), from €22,079 to €11,439
- Depreciation +€6,308
up €6,308 (+127%), from €4,959 to €11,268
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 | €285,626 | €247,540 | -€38,086 | -13.3% |
| Fixed assets | 21/28 | €19,921 | €105,226 | +€85,305 | +428% |
| Tangible fixed assets | 22/27 | €16,572 | €101,878 | +€85,305 | +515% |
| Land and buildings | 22 | - | €69,985 | +€69,985 | |
| Plant, machinery and equipment | 23 | €4,931 | €12,655 | +€7,724 | +157% |
| Furniture and vehicles | 24 | €441 | €2,753 | +€2,313 | +525% |
| Other tangible fixed assets | 26 | €11,201 | €16,484 | +€5,283 | +47.2% |
| Financial fixed assets | 28 | €3,348 | €3,348 | = | 0.0% |
| Current assets | 29/58 | €265,705 | €142,314 | -€123,391 | -46.4% |
| Stocks and contracts in progress | 3 | €2,252 | €2,252 | = | 0.0% |
| Stocks | 30/36 | €2,252 | €2,252 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,358 | €11,639 | -€55,719 | -82.7% |
| Trade receivables | 40 | €67,358 | €2,707 | -€64,651 | -96.0% |
| Other amounts receivable | 41 | - | €8,932 | +€8,932 | |
| Current investments | 50/53 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €193,902 | €126,457 | -€67,445 | -34.8% |
| Deferred charges and accrued income | 490/1 | €2,193 | €1,866 | -€327 | -14.9% |
| Total equity and liabilities | 10/49 | €285,626 | €247,540 | -€38,086 | -13.3% |
| Equity | 10/15 | €70,501 | €29,276 | -€41,225 | -58.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,205 | - | -€43,205 | |
| Investment grants | 15 | €2,296 | €4,276 | +€1,980 | +86.2% |
| Amounts payable | 17/49 | €215,125 | €218,264 | +€3,139 | +1.5% |
| Amounts payable after more than one year | 17 | €9,035 | €53,342 | +€44,307 | +490% |
| Financial debts | 170/4 | €9,035 | €53,342 | +€44,307 | +490% |
| Amounts payable within one year | 42/48 | €205,945 | €137,675 | -€68,270 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €9,554 | €18,974 | +€9,420 | +98.6% |
| Trade debts | 44 | €65,942 | €138 | -€65,804 | -99.8% |
| Suppliers | 440/4 | €65,942 | €138 | -€65,804 | -99.8% |
| Taxes, remuneration and social security | 45 | €36,021 | €30,653 | -€5,368 | -14.9% |
| Taxes | 450/3 | €36,021 | €28,709 | -€7,312 | -20.3% |
| Remuneration and social security | 454/9 | - | €1,944 | +€1,944 | |
| Other amounts payable | 47/48 | €94,428 | €87,910 | -€6,519 | -6.9% |
| Accrued charges and deferred income | 492/3 | €144 | €27,247 | +€27,103 | +18,760% |
| Remuneration, social security and pensions | 62 | - | €27,334 | +€27,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,959 | €11,268 | +€6,308 | +127% |
| Other operating charges | 640/8 | €19,060 | €709 | -€18,351 | -96.3% |
| Gross operating margin | 9900 | €134,506 | €108,919 | -€25,586 | -19.0% |
| Operating profit (loss) | 9901 | €110,487 | €69,608 | -€40,878 | -37.0% |
| Financial income | 75/76B | €1,539 | €2,685 | +€1,146 | +74.5% |
| Recurring financial income | 75 | €1,539 | €2,685 | +€1,146 | +74.5% |
| Non-recurring financial income | 76B | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €11,742 | €16,595 | +€4,854 | +41.3% |
| Recurring financial charges | 65 | €11,733 | €16,595 | +€4,862 | +41.4% |
| Non-recurring financial charges | 66B | €9 | - | -€9 | |
| Profit (loss) for the period before taxes | 9903 | €100,284 | €55,698 | -€44,586 | -44.5% |
| Income taxes | 67/77 | €22,079 | €11,439 | -€10,640 | -48.2% |
| Profit (loss) for the period | 9904 | €78,205 | €44,259 | -€33,946 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,205 | €44,259 | -€33,946 | -43.4% |
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 23 October 2026 via checked.be.