AJC: 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.
AJC
Largest movements
- Receivables within one year -€39,367
down €39,367 (-98.6%), from €39,939 to €572
of which Trade receivables: -€38,172
- Tangible fixed assets -€23,755
down €23,755 (-6.1%), from €390,643 to €366,888
of which Land and buildings: -€22,153
- Debts after one year -€60,660
down €60,660 (-45.7%), from €132,623 to €71,963
- Other debts -€18,301
down €18,301 (-4.7%), from €388,298 to €369,997
- Profit (loss) carried forward +€17,166
up €17,166 (+8.9%), from -€193,198 to -€176,032
- Gross operating margin -€13,842
down €13,842 (-23.6%), from €58,548 to €44,707
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,360 | €369,363 | -€61,997 | -14.4% |
| Fixed assets | 21/28 | €390,783 | €366,888 | -€23,895 | -6.1% |
| Tangible fixed assets | 22/27 | €390,643 | €366,888 | -€23,755 | -6.1% |
| Land and buildings | 22 | €377,373 | €355,220 | -€22,153 | -5.9% |
| Plant, machinery and equipment | 23 | €1,879 | €1,409 | -€470 | -25.0% |
| Furniture and vehicles | 24 | €3,341 | €2,209 | -€1,133 | -33.9% |
| Other tangible fixed assets | 26 | €8,050 | €8,050 | = | 0.0% |
| Financial fixed assets | 28 | €140 | - | -€140 | |
| Current assets | 29/58 | €40,577 | €2,476 | -€38,102 | -93.9% |
| Amounts receivable within one year | 40/41 | €39,939 | €572 | -€39,367 | -98.6% |
| Trade receivables | 40 | €38,172 | - | -€38,172 | |
| Other amounts receivable | 41 | €1,767 | €572 | -€1,195 | -67.6% |
| Cash at bank and in hand | 54/58 | €638 | €932 | +€294 | +46.1% |
| Deferred charges and accrued income | 490/1 | - | €971 | +€971 | |
| Total equity and liabilities | 10/49 | €431,360 | €369,363 | -€61,997 | -14.4% |
| Equity | 10/15 | -€156,734 | -€139,569 | +€17,166 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,263 | €30,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €28,408 | €28,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,198 | -€176,032 | +€17,166 | +8.9% |
| Amounts payable | 17/49 | €588,095 | €508,932 | -€79,163 | -13.5% |
| Amounts payable after more than one year | 17 | €132,623 | €71,963 | -€60,660 | -45.7% |
| Financial debts | 170/4 | €132,623 | €71,963 | -€60,660 | -45.7% |
| Amounts payable within one year | 42/48 | €455,471 | €436,969 | -€18,502 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €64,937 | €65,942 | +€1,005 | +1.5% |
| Financial debts | 43 | €58 | €62 | +€3 | +6.0% |
| Other loans | 439 | €58 | €62 | +€3 | +6.0% |
| Trade debts | 44 | €2,178 | €968 | -€1,210 | -55.6% |
| Suppliers | 440/4 | €2,178 | €968 | -€1,210 | -55.6% |
| Other amounts payable | 47/48 | €388,298 | €369,997 | -€18,301 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,366 | €23,755 | +€389 | +1.7% |
| Other operating charges | 640/8 | €397 | €396 | -€1 | -0.4% |
| Gross operating margin | 9900 | €58,548 | €44,707 | -€13,842 | -23.6% |
| Operating profit (loss) | 9901 | €34,785 | €20,555 | -€14,229 | -40.9% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €3,746 | €3,390 | -€357 | -9.5% |
| Recurring financial charges | 65 | €3,746 | €3,390 | -€357 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €31,067 | €17,166 | -€13,902 | -44.7% |
| Profit (loss) for the period | 9904 | €31,067 | €17,166 | -€13,902 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,067 | €17,166 | -€13,902 | -44.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.