AJINOMATRIX: 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.
AJINOMATRIX
Largest movements
- Intangible fixed assets -€27,555
down €27,555 (-33.7%), from €81,809 to €54,254
- Tangible fixed assets -€1,225
down €1,225 (-63.1%), from €1,940 to €716
- Cash -€1,023
down €1,023 (-67.4%), from €1,518 to €495
mainly Net result for the year (-€247,544) and Short-term financial debts (-€8,000)
- Profit (loss) carried forward -€247,544
down €247,544 (-32.0%), from -€774,033 to -€1.0m
- Other debts +€175,326
up €175,326 (+46.5%), from €377,322 to €552,648
- Trade debts +€39,838
up €39,838 (+9.0%), from €444,300 to €484,138
- Tax, wage and social debts +€10,952
up €10,952 (+150.0%), from €7,300 to €18,252
of which Remuneration and social security: +€11,129
- Short-term financial debts -€8,000
down €8,000 (-20.0%), from €40,000 to €32,000
- Gross operating margin -€29,252
down €29,252 (-24.1%), from -€121,196 to -€150,447
- Staff costs +€28,679
up €28,679 (+82.1%), from €34,936 to €63,615
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 | €97,888 | €68,461 | -€29,428 | -30.1% |
| Fixed assets | 21/28 | €83,955 | €55,175 | -€28,780 | -34.3% |
| Intangible fixed assets | 21 | €81,809 | €54,254 | -€27,555 | -33.7% |
| Tangible fixed assets | 22/27 | €1,940 | €716 | -€1,225 | -63.1% |
| Furniture and vehicles | 24 | €1,940 | €716 | -€1,225 | -63.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €13,934 | €13,286 | -€648 | -4.6% |
| Amounts receivable within one year | 40/41 | €12,415 | €12,280 | -€136 | -1.1% |
| Trade receivables | 40 | €11,727 | €11,650 | -€77 | -0.7% |
| Other amounts receivable | 41 | €689 | €630 | -€58 | -8.5% |
| Cash at bank and in hand | 54/58 | €1,518 | €495 | -€1,023 | -67.4% |
| Deferred charges and accrued income | 490/1 | - | €511 | +€511 | |
| Total equity and liabilities | 10/49 | €97,888 | €68,461 | -€29,428 | -30.1% |
| Equity | 10/15 | -€771,033 | -€1,018,577 | -€247,544 | -32.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€774,033 | -€1,021,577 | -€247,544 | -32.0% |
| Amounts payable | 17/49 | €868,922 | €1,087,038 | +€218,116 | +25.1% |
| Amounts payable within one year | 42/48 | €868,922 | €1,087,038 | +€218,116 | +25.1% |
| Financial debts | 43 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Credit institutions | 430/8 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Trade debts | 44 | €444,300 | €484,138 | +€39,838 | +9.0% |
| Suppliers | 440/4 | €444,300 | €484,138 | +€39,838 | +9.0% |
| Taxes, remuneration and social security | 45 | €7,300 | €18,252 | +€10,952 | +150.0% |
| Taxes | 450/3 | €2,787 | €2,611 | -€176 | -6.3% |
| Remuneration and social security | 454/9 | €4,512 | €15,641 | +€11,129 | +246.6% |
| Other amounts payable | 47/48 | €377,322 | €552,648 | +€175,326 | +46.5% |
| Remuneration, social security and pensions | 62 | €34,936 | €63,615 | +€28,679 | +82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,380 | €28,780 | -€600 | -2.0% |
| Gross operating margin | 9900 | -€121,196 | -€150,447 | -€29,252 | -24.1% |
| Operating profit (loss) | 9901 | -€185,512 | -€242,842 | -€57,331 | -30.9% |
| Financial charges | 65/66B | €5,319 | €4,966 | -€353 | -6.6% |
| Recurring financial charges | 65 | €5,319 | €4,966 | -€353 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€190,830 | -€247,808 | -€56,978 | -29.9% |
| Income taxes | 67/77 | €130 | -€265 | -€394 | |
| Profit (loss) for the period | 9904 | -€190,960 | -€247,544 | -€56,584 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€190,960 | -€247,544 | -€56,584 | -29.6% |
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 7 October 2026 via checked.be.