AJC TERRASSEMENT: 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 TERRASSEMENT
Largest movements
- Receivables within one year +€18,918
up €18,918 (+41.0%), from €46,110 to €65,028
of which Trade receivables: +€11,274
- Cash +€14,779
up €14,779 (+368%), from €4,012 to €18,791
mainly Net result for the year (+€27,390) and Depreciation (+€11,439)
- Tangible fixed assets -€10,704
down €10,704 (-27.0%), from €39,660 to €28,956
- Deferred charges and accrued income +€3,762
up €3,762 (+281%), from €1,339 to €5,101
- Profit (loss) carried forward +€27,390
up €27,390 (+201%), from €13,658 to €41,048
- Trade debts +€10,128
up €10,128 (+298%), from €3,398 to €13,526
- Debts after one year -€9,322
down €9,322 (-32.4%), from €28,754 to €19,431
- Current portion of long-term debt -€1,273
down €1,273 (-12.0%), from €10,595 to €9,322
- Staff costs -€41,216
down €41,216 (-78.5%), from €52,533 to €11,317
- Turnover -€31,313
down €31,313 (-14.4%), from €216,896 to €185,583
- Gross operating margin -€21,420
down €21,420 (-23.9%), from €89,725 to €68,306
- Purchases and services -€19,690
down €19,690 (-13.0%), from €150,940 to €131,250
- Financial charges -€12,709
down €12,709 (-71.3%), from €17,832 to €5,123
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 | €91,122 | €117,876 | +€26,755 | +29.4% |
| Fixed assets | 21/28 | €39,660 | €28,956 | -€10,704 | -27.0% |
| Tangible fixed assets | 22/27 | €39,660 | €28,956 | -€10,704 | -27.0% |
| Furniture and vehicles | 24 | €39,660 | €28,956 | -€10,704 | -27.0% |
| Current assets | 29/58 | €51,461 | €88,920 | +€37,459 | +72.8% |
| Amounts receivable within one year | 40/41 | €46,110 | €65,028 | +€18,918 | +41.0% |
| Trade receivables | 40 | €0 | €11,274 | +€11,274 | |
| Other amounts receivable | 41 | €46,110 | €53,754 | +€7,644 | +16.6% |
| Cash at bank and in hand | 54/58 | €4,012 | €18,791 | +€14,779 | +368% |
| Deferred charges and accrued income | 490/1 | €1,339 | €5,101 | +€3,762 | +281% |
| Total equity and liabilities | 10/49 | €91,122 | €117,876 | +€26,755 | +29.4% |
| Equity | 10/15 | €18,658 | €46,048 | +€27,390 | +147% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,658 | €41,048 | +€27,390 | +201% |
| Amounts payable | 17/49 | €72,464 | €71,829 | -€635 | -0.9% |
| Amounts payable after more than one year | 17 | €28,754 | €19,431 | -€9,322 | -32.4% |
| Financial debts | 170/4 | €28,754 | €19,431 | -€9,322 | -32.4% |
| Amounts payable within one year | 42/48 | €43,710 | €52,397 | +€8,687 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €10,595 | €9,322 | -€1,273 | -12.0% |
| Trade debts | 44 | €3,398 | €13,526 | +€10,128 | +298% |
| Suppliers | 440/4 | €3,398 | €13,526 | +€10,128 | +298% |
| Taxes, remuneration and social security | 45 | €24,725 | €24,542 | -€183 | -0.7% |
| Taxes | 450/3 | €6,777 | €22,054 | +€15,277 | +225% |
| Remuneration and social security | 454/9 | €17,948 | €2,488 | -€15,460 | -86.1% |
| Other amounts payable | 47/48 | €4,992 | €5,007 | +€15 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €216,896 | €185,583 | -€31,313 | -14.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €150,940 | €131,250 | -€19,690 | -13.0% |
| Remuneration, social security and pensions | 62 | €52,533 | €11,317 | -€41,216 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,079 | €11,439 | +€360 | +3.2% |
| Other operating charges | 640/8 | €2,503 | €2,026 | -€477 | -19.0% |
| Gross operating margin | 9900 | €89,725 | €68,306 | -€21,420 | -23.9% |
| Operating profit (loss) | 9901 | €23,611 | €43,524 | +€19,913 | +84.3% |
| Financial income | 75/76B | €54 | €0 | -€54 | -99.9% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -99.9% |
| Financial charges | 65/66B | €17,832 | €5,123 | -€12,709 | -71.3% |
| Recurring financial charges | 65 | €17,832 | €5,123 | -€12,709 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €5,833 | €38,401 | +€32,568 | +558% |
| Income taxes | 67/77 | €2,695 | €11,011 | +€8,317 | +309% |
| Profit (loss) for the period | 9904 | €3,138 | €27,390 | +€24,251 | +773% |
| Profit (loss) for the period to be appropriated | 9905 | €3,138 | €27,390 | +€24,251 | +773% |
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 27 October 2026 via checked.be.