AJC-Management: 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-Management
Largest movements
- Receivables within one year +€9,007
up €9,007 (+26.3%), from €34,251 to €43,258
of which Other amounts receivable: +€10,140
- Tangible fixed assets +€916
up €916 (+37.6%), from €2,438 to €3,354
of which Other tangible fixed assets: +€1,017
- Cash -€795
down €795 (-47.7%), from €1,666 to €871
mainly Receivables within one year (-€9,007) and Investment in fixed assets (net) (-€1,219)
- Profit (loss) carried forward +€8,535
up €8,535 (+44.3%), from €19,267 to €27,802
- Gross operating margin -€3,248
down €3,248 (-21.2%), from €15,305 to €12,057
- Taxes -€1,113
down €1,113 (-25.3%), from €4,392 to €3,279
- Financial charges -€682
down €682 (-88.3%), from €772 to €90
- Financial income -€524
down €524 (-38.2%), from €1,374 to €849
- Depreciation +€214
up €214 (+55.2%), from €389 to €603
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 | €39,701 | €48,529 | +€8,828 | +22.2% |
| Fixed assets | 21/28 | €3,783 | €4,400 | +€616 | +16.3% |
| Intangible fixed assets | 21 | €1,344 | €1,045 | -€299 | -22.3% |
| Tangible fixed assets | 22/27 | €2,438 | €3,354 | +€916 | +37.6% |
| Furniture and vehicles | 24 | €708 | €607 | -€101 | -14.3% |
| Other tangible fixed assets | 26 | €1,730 | €2,748 | +€1,017 | +58.8% |
| Financial fixed assets | 28 | €1 | €1 | -€1 | -50.0% |
| Current assets | 29/58 | €35,918 | €44,129 | +€8,212 | +22.9% |
| Amounts receivable within one year | 40/41 | €34,251 | €43,258 | +€9,007 | +26.3% |
| Trade receivables | 40 | €2,042 | €908 | -€1,133 | -55.5% |
| Other amounts receivable | 41 | €32,210 | €42,350 | +€10,140 | +31.5% |
| Cash at bank and in hand | 54/58 | €1,666 | €871 | -€795 | -47.7% |
| Total equity and liabilities | 10/49 | €39,701 | €48,529 | +€8,828 | +22.2% |
| Equity | 10/15 | €31,267 | €39,802 | +€8,535 | +27.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,267 | €27,802 | +€8,535 | +44.3% |
| Amounts payable | 17/49 | €8,434 | €8,727 | +€293 | +3.5% |
| Amounts payable within one year | 42/48 | €8,434 | €8,727 | +€293 | +3.5% |
| Trade debts | 44 | €164 | €588 | +€424 | +259.4% |
| Suppliers | 440/4 | €164 | €588 | +€424 | +259.4% |
| Taxes, remuneration and social security | 45 | €8,271 | €8,140 | -€131 | -1.6% |
| Taxes | 450/3 | €8,271 | €8,140 | -€131 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €603 | +€214 | +55.2% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | €15,305 | €12,057 | -€3,248 | -21.2% |
| Operating profit (loss) | 9901 | €14,530 | €11,054 | -€3,476 | -23.9% |
| Financial income | 75/76B | €1,374 | €849 | -€524 | -38.2% |
| Recurring financial income | 75 | €1,374 | €849 | -€524 | -38.2% |
| Financial charges | 65/66B | €772 | €90 | -€682 | -88.3% |
| Recurring financial charges | 65 | €772 | €90 | -€682 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | €15,131 | €11,813 | -€3,318 | -21.9% |
| Income taxes | 67/77 | €4,392 | €3,279 | -€1,113 | -25.3% |
| Profit (loss) for the period | 9904 | €10,740 | €8,535 | -€2,205 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,740 | €8,535 | -€2,205 | -20.5% |
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 11 October 2026 via checked.be.