AJETOO: 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.
AJETOO
Largest movements
- Cash +€48,805
up €48,805 (+21.4%), from €227,905 to €276,710
mainly Net result for the year (+€62,610) and Depreciation (+€24,474)
- Tangible fixed assets -€22,525
down €22,525 (-19.4%), from €116,341 to €93,816
of which Leasing and similar rights: -€12,498
- Reserves +€61,777
new in 2025: €61,777
- Other debts -€25,503
down €25,503 (-8.8%), from €289,176 to €263,673
- Debts after one year -€12,455
down €12,455 (-31.2%), from €39,950 to €27,496
- Financial charges -€11,419
down €11,419 (-99.7%), from €11,456 to €37
- Taxes +€7,966
up €7,966 (+47.3%), from €16,848 to €24,813
- Gross operating margin -€1,899
down €1,899 (-1.6%), from €116,225 to €114,325
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 | €365,811 | €393,153 | +€27,342 | +7.5% |
| Fixed assets | 21/28 | €116,341 | €93,816 | -€22,525 | -19.4% |
| Tangible fixed assets | 22/27 | €116,341 | €93,816 | -€22,525 | -19.4% |
| Land and buildings | 22 | €27,953 | €26,143 | -€1,810 | -6.5% |
| Plant, machinery and equipment | 23 | €33,157 | €25,884 | -€7,273 | -21.9% |
| Furniture and vehicles | 24 | €3,777 | €3,539 | -€238 | -6.3% |
| Leasing and similar rights | 25 | €49,994 | €37,495 | -€12,498 | -25.0% |
| Other tangible fixed assets | 26 | €1,460 | €755 | -€705 | -48.3% |
| Current assets | 29/58 | €249,470 | €299,337 | +€49,867 | +20.0% |
| Amounts receivable within one year | 40/41 | €19,099 | €21,931 | +€2,832 | +14.8% |
| Trade receivables | 40 | €18,939 | €21,756 | +€2,817 | +14.9% |
| Other amounts receivable | 41 | €160 | €175 | +€15 | +9.5% |
| Cash at bank and in hand | 54/58 | €227,905 | €276,710 | +€48,805 | +21.4% |
| Deferred charges and accrued income | 490/1 | €2,467 | €696 | -€1,771 | -71.8% |
| Total equity and liabilities | 10/49 | €365,811 | €393,153 | +€27,342 | +7.5% |
| Equity | 10/15 | €3,000 | €64,777 | +€61,777 | +2059.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €61,777 | +€61,777 | |
| Distributable reserves | 133 | - | €61,777 | +€61,777 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €362,811 | €328,376 | -€34,435 | -9.5% |
| Amounts payable after more than one year | 17 | €39,950 | €27,496 | -€12,455 | -31.2% |
| Financial debts | 170/4 | €39,950 | €27,496 | -€12,455 | -31.2% |
| Amounts payable within one year | 42/48 | €317,161 | €296,723 | -€20,438 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €11,538 | €12,455 | +€917 | +7.9% |
| Trade debts | 44 | €2,299 | €4,160 | +€1,861 | +81.0% |
| Suppliers | 440/4 | €2,299 | €4,160 | +€1,861 | +81.0% |
| Taxes, remuneration and social security | 45 | €14,148 | €16,435 | +€2,287 | +16.2% |
| Taxes | 450/3 | €14,148 | €16,435 | +€2,287 | +16.2% |
| Other amounts payable | 47/48 | €289,176 | €263,673 | -€25,503 | -8.8% |
| Accrued charges and deferred income | 492/3 | €5,700 | €4,157 | -€1,543 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,525 | €24,474 | -€51 | -0.2% |
| Other operating charges | 640/8 | €2,266 | €2,391 | +€125 | +5.5% |
| Gross operating margin | 9900 | €116,225 | €114,325 | -€1,899 | -1.6% |
| Operating profit (loss) | 9901 | €89,434 | €87,461 | -€1,973 | -2.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,456 | €37 | -€11,419 | -99.7% |
| Recurring financial charges | 65 | €11,456 | €37 | -€11,419 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €77,978 | €87,424 | +€9,445 | +12.1% |
| Income taxes | 67/77 | €16,848 | €24,813 | +€7,966 | +47.3% |
| Profit (loss) for the period | 9904 | €61,131 | €62,610 | +€1,480 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,131 | €62,610 | +€1,480 | +2.4% |
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 5 October 2026 via checked.be.