AJCON: 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.
AJCON
Largest movements
- Cash +€15,942
up €15,942 (+99.8%), from €15,977 to €31,919
mainly Net result for the year (+€23,907) and Trade debts (+€1,623)
- Tangible fixed assets +€7,778
new in 2025: €7,778
of which Land and buildings: +€5,747
- Receivables within one year +€3,672
up €3,672 (+29.5%), from €12,441 to €16,113
of which Other amounts receivable: +€2,528
- Deferred charges and accrued income -€1,131
down €1,131 (-7.1%), from €15,925 to €14,794
- Reserves +€23,907
up €23,907 (+77.2%), from €30,954 to €54,861
- Trade debts +€1,623
up €1,623 (+4083.0%), from €40 to €1,663
- Tax, wage and social debts +€745
up €745 (+7.1%), from €10,474 to €11,219
- Gross operating margin -€7,313
down €7,313 (-18.1%), from €40,335 to €33,022
- Taxes -€1,189
down €1,189 (-13.4%), from €8,902 to €7,713
- Financial charges +€943
up €943 (+188.1%), from €501 to €1,445
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 | €44,342 | €70,604 | +€26,261 | +59.2% |
| Fixed assets | 21/28 | - | €7,778 | +€7,778 | |
| Tangible fixed assets | 22/27 | - | €7,778 | +€7,778 | |
| Land and buildings | 22 | - | €5,747 | +€5,747 | |
| Plant, machinery and equipment | 23 | - | €2,032 | +€2,032 | |
| Current assets | 29/58 | €44,342 | €62,825 | +€18,483 | +41.7% |
| Amounts receivable within one year | 40/41 | €12,441 | €16,113 | +€3,672 | +29.5% |
| Trade receivables | 40 | €11,810 | €12,954 | +€1,145 | +9.7% |
| Other amounts receivable | 41 | €631 | €3,159 | +€2,528 | +400.6% |
| Cash at bank and in hand | 54/58 | €15,977 | €31,919 | +€15,942 | +99.8% |
| Deferred charges and accrued income | 490/1 | €15,925 | €14,794 | -€1,131 | -7.1% |
| Total equity and liabilities | 10/49 | €44,342 | €70,604 | +€26,261 | +59.2% |
| Equity | 10/15 | €33,454 | €57,361 | +€23,907 | +71.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,954 | €54,861 | +€23,907 | +77.2% |
| Distributable reserves | 133 | €30,954 | €54,861 | +€23,907 | +77.2% |
| Amounts payable | 17/49 | €10,889 | €13,243 | +€2,354 | +21.6% |
| Amounts payable within one year | 42/48 | €10,889 | €13,243 | +€2,354 | +21.6% |
| Financial debts | 43 | €375 | €361 | -€14 | -3.7% |
| Credit institutions | 430/8 | €375 | €361 | -€14 | -3.7% |
| Trade debts | 44 | €40 | €1,663 | +€1,623 | +4083.0% |
| Suppliers | 440/4 | €40 | €1,663 | +€1,623 | +4083.0% |
| Taxes, remuneration and social security | 45 | €10,474 | €11,219 | +€745 | +7.1% |
| Taxes | 450/3 | €10,474 | €11,219 | +€745 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €59 | +€59 | |
| Gross operating margin | 9900 | €40,335 | €33,022 | -€7,313 | -18.1% |
| Operating profit (loss) | 9901 | €40,335 | €32,962 | -€7,373 | -18.3% |
| Financial income | 75/76B | €23 | €103 | +€80 | +351.1% |
| Recurring financial income | 75 | €23 | €103 | +€80 | +351.1% |
| Financial charges | 65/66B | €501 | €1,445 | +€943 | +188.1% |
| Recurring financial charges | 65 | €501 | €1,445 | +€943 | +188.1% |
| Profit (loss) for the period before taxes | 9903 | €39,856 | €31,620 | -€8,236 | -20.7% |
| Income taxes | 67/77 | €8,902 | €7,713 | -€1,189 | -13.4% |
| Profit (loss) for the period | 9904 | €30,954 | €23,907 | -€7,047 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,954 | €23,907 | -€7,047 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.