AJC INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€6,013
down €6,013 (-4.8%), from €124,705 to €118,693
- Cash +€4,007
up €4,007 (+606%), from €661 to €4,667
mainly Other debts (+€8,382) and Net result for the year (+€7,001)
- Receivables within one year -€3,873
down €3,873 (-86.1%), from €4,500 to €627
of which Other amounts receivable: -€4,500
- Debts after one year -€20,086
down €20,086 (-19.5%), from €103,026 to €82,939
of which Other amounts payable: -€15,000
- Other debts +€8,382
up €8,382 (+167,640%), from €5 to €8,387
- Accrued charges and deferred income +€2,450
new in 2025: €2,450
- Tax, wage and social debts +€1,900
up €1,900 (+380%), from €500 to €2,400
- Gross operating margin +€3,369
up €3,369 (+23.0%), from €14,623 to €17,992
- Taxes +€1,918
up €1,918 (+384%), from €500 to €2,418
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 | €129,866 | €123,987 | -€5,879 | -4.5% |
| Fixed assets | 21/28 | €124,705 | €118,693 | -€6,013 | -4.8% |
| Tangible fixed assets | 22/27 | €124,705 | €118,693 | -€6,013 | -4.8% |
| Land and buildings | 22 | €124,705 | €118,693 | -€6,013 | -4.8% |
| Current assets | 29/58 | €5,161 | €5,295 | +€134 | +2.6% |
| Amounts receivable within one year | 40/41 | €4,500 | €627 | -€3,873 | -86.1% |
| Trade receivables | 40 | - | €627 | +€627 | |
| Other amounts receivable | 41 | €4,500 | - | -€4,500 | |
| Cash at bank and in hand | 54/58 | €661 | €4,667 | +€4,007 | +606% |
| Total equity and liabilities | 10/49 | €129,866 | €123,987 | -€5,879 | -4.5% |
| Equity | 10/15 | €21,324 | €22,325 | +€1,001 | +4.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,324 | €2,325 | +€1,001 | +75.6% |
| Amounts payable | 17/49 | €108,542 | €101,662 | -€6,880 | -6.3% |
| Amounts payable after more than one year | 17 | €103,026 | €82,939 | -€20,086 | -19.5% |
| Financial debts | 170/4 | €88,026 | €82,939 | -€5,086 | -5.8% |
| Other amounts payable | 178/9 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €5,516 | €16,273 | +€10,757 | +195% |
| Current portion of amounts payable after more than one year | 42 | €5,011 | €5,086 | +€75 | +1.5% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €500 | €2,400 | +€1,900 | +380% |
| Taxes | 450/3 | €500 | €2,400 | +€1,900 | +380% |
| Other amounts payable | 47/48 | €5 | €8,387 | +€8,382 | +167,640% |
| Accrued charges and deferred income | 492/3 | - | €2,450 | +€2,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,013 | €6,013 | = | 0.0% |
| Other operating charges | 640/8 | €995 | €1,027 | +€32 | +3.2% |
| Gross operating margin | 9900 | €14,623 | €17,992 | +€3,369 | +23.0% |
| Operating profit (loss) | 9901 | €7,615 | €10,953 | +€3,338 | +43.8% |
| Financial charges | 65/66B | €1,692 | €1,534 | -€158 | -9.4% |
| Recurring financial charges | 65 | €1,692 | €1,534 | -€158 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €5,923 | €9,419 | +€3,496 | +59.0% |
| Income taxes | 67/77 | €500 | €2,418 | +€1,918 | +384% |
| Profit (loss) for the period | 9904 | €5,423 | €7,001 | +€1,578 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,423 | €7,001 | +€1,578 | +29.1% |
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 31 October 2026 via checked.be.