AJC CONSULTING: 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.
AJC CONSULTING
Largest movements
- Cash -€115,012
down €115,012 (-96.4%), from €119,315 to €4,303
mainly Investment in fixed assets (net) (-€93,423) and Contributions, distributions and other (-€90,000)
- Tangible fixed assets +€52,019
up €52,019 (+16.2%), from €321,277 to €373,296
of which Leasing and similar rights: +€86,065
- Receivables within one year -€49,435
down €49,435 (-89.0%), from €55,524 to €6,088
of which Trade receivables: -€27,000
- Current investments +€42,095
up €42,095 (+42.1%), from €100,000 to €142,095
- Deferred charges and accrued income -€8,695
down €8,695 (-62.0%), from €14,031 to €5,337
- Reserves -€69,842
down €69,842 (-15.5%), from €451,477 to €381,635
of which Distributable reserves: -€69,842
- Other debts -€29,815
down €29,815 (-91.3%), from €32,670 to €2,855
- Debts after one year +€21,590
up €21,590 (+15.9%), from €135,815 to €157,405
- Current portion of long-term debt +€15,137
up €15,137 (+63.2%), from €23,952 to €39,089
- Tax, wage and social debts -€13,336
down €13,336 (-79.4%), from €16,803 to €3,467
of which Taxes: -€12,323
- Financial charges -€45,983
down €45,983 (-85.9%), from €53,541 to €7,558
of which Non-recurring financial charges: -€47,373
- Gross operating margin +€20,925
up €20,925 (+33.3%), from €62,830 to €83,754
- Depreciation +€19,404
up €19,404 (+88.2%), from €22,000 to €41,404
- Taxes +€9,893
up €9,893 (+4,083%), from €242 to €10,135
- Other operating charges +€6,003
up €6,003 (+233%), from €2,575 to €8,578
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 | €670,147 | €591,119 | -€79,029 | -11.8% |
| Fixed assets | 21/28 | €321,277 | €373,296 | +€52,019 | +16.2% |
| Tangible fixed assets | 22/27 | €321,277 | €373,296 | +€52,019 | +16.2% |
| Land and buildings | 22 | €274,175 | €259,149 | -€15,026 | -5.5% |
| Plant, machinery and equipment | 23 | €4,115 | €2,873 | -€1,242 | -30.2% |
| Furniture and vehicles | 24 | €42,987 | €25,209 | -€17,778 | -41.4% |
| Leasing and similar rights | 25 | - | €86,065 | +€86,065 | |
| Current assets | 29/58 | €348,870 | €217,823 | -€131,047 | -37.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,524 | €6,088 | -€49,435 | -89.0% |
| Trade receivables | 40 | €27,000 | €0 | -€27,000 | -100% |
| Other amounts receivable | 41 | €28,524 | €6,088 | -€22,435 | -78.7% |
| Current investments | 50/53 | €100,000 | €142,095 | +€42,095 | +42.1% |
| Cash at bank and in hand | 54/58 | €119,315 | €4,303 | -€115,012 | -96.4% |
| Deferred charges and accrued income | 490/1 | €14,031 | €5,337 | -€8,695 | -62.0% |
| Total equity and liabilities | 10/49 | €670,147 | €591,119 | -€79,029 | -11.8% |
| Equity | 10/15 | €457,677 | €387,835 | -€69,842 | -15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €451,477 | €381,635 | -€69,842 | -15.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €449,617 | €379,775 | -€69,842 | -15.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,470 | €203,284 | -€9,187 | -4.3% |
| Amounts payable after more than one year | 17 | €135,815 | €157,405 | +€21,590 | +15.9% |
| Financial debts | 170/4 | €135,815 | €157,405 | +€21,590 | +15.9% |
| Amounts payable within one year | 42/48 | €75,829 | €45,878 | -€29,951 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €23,952 | €39,089 | +€15,137 | +63.2% |
| Financial debts | 43 | - | €467 | +€467 | |
| Credit institutions | 430/8 | - | €467 | +€467 | |
| Trade debts | 44 | €2,404 | €0 | -€2,404 | -100% |
| Suppliers | 440/4 | €2,404 | €0 | -€2,404 | -100% |
| Taxes, remuneration and social security | 45 | €16,803 | €3,467 | -€13,336 | -79.4% |
| Taxes | 450/3 | €15,791 | €3,467 | -€12,323 | -78.0% |
| Remuneration and social security | 454/9 | €1,013 | €0 | -€1,013 | -100% |
| Other amounts payable | 47/48 | €32,670 | €2,855 | -€29,815 | -91.3% |
| Accrued charges and deferred income | 492/3 | €826 | €0 | -€826 | -100% |
| Non-recurring operating income | 76A | - | €17,900 | +€17,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,000 | €41,404 | +€19,404 | +88.2% |
| Other operating charges | 640/8 | €2,575 | €8,578 | +€6,003 | +233% |
| Gross operating margin | 9900 | €62,830 | €83,754 | +€20,925 | +33.3% |
| Operating profit (loss) | 9901 | €38,255 | €33,772 | -€4,482 | -11.7% |
| Financial income | 75/76B | €3,403 | €4,079 | +€676 | +19.9% |
| Recurring financial income | 75 | €3,403 | €4,079 | +€676 | +19.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €53,541 | €7,558 | -€45,983 | -85.9% |
| Recurring financial charges | 65 | €6,168 | €7,558 | +€1,390 | +22.5% |
| Non-recurring financial charges | 66B | €47,373 | €0 | -€47,373 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€11,884 | €30,293 | +€42,177 | |
| Income taxes | 67/77 | €242 | €10,135 | +€9,893 | +4,083% |
| Profit (loss) for the period | 9904 | -€12,126 | €20,158 | +€32,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,126 | €20,158 | +€32,284 |
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 13 October 2026 via checked.be.