AJJAM: 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.
AJJAM
Largest movements
- Tangible fixed assets -€116,864
down €116,864 (-5.5%), from €2.1m to €2.0m
of which Plant, machinery and equipment: -€99,314
- Deferred charges and accrued income +€30,000
new in 2023: €30,000
- Receivables within one year -€25,518
down €25,518 (-12.7%), from €201,630 to €176,113
of which Other amounts receivable: -€22,918
- Debts after one year -€120,000
down €120,000 (-15.1%), from €794,033 to €674,033
- Profit (loss) carried forward -€117,571
down €117,571 (-8.1%), from €1.5m to €1.3m
- Short-term financial debts +€107,643
up €107,643 (+125.1%), from €86,019 to €193,663
- Gross operating margin +€63,437
up €63,437, from -€61,932 to €1,505
- Financial charges -€34,316
down €34,316 (-93.9%), from €36,528 to €2,212
- Taxes -€5,320
no longer reported in 2023 (was €5,320)
From the 2022 result to the 2023 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,380,167 | €2,267,785 | -€112,382 | -4.7% |
| Fixed assets | 21/28 | €2,178,537 | €2,061,672 | -€116,864 | -5.4% |
| Tangible fixed assets | 22/27 | €2,120,153 | €2,003,288 | -€116,864 | -5.5% |
| Land and buildings | 22 | €509,600 | €492,050 | -€17,550 | -3.4% |
| Plant, machinery and equipment | 23 | €1,608,353 | €1,509,038 | -€99,314 | -6.2% |
| Furniture and vehicles | 24 | €2,200 | €2,200 | = | 0.0% |
| Financial fixed assets | 28 | €58,384 | €58,384 | = | 0.0% |
| Current assets | 29/58 | €201,630 | €206,113 | +€4,482 | +2.2% |
| Amounts receivable within one year | 40/41 | €201,630 | €176,113 | -€25,518 | -12.7% |
| Trade receivables | 40 | €2,600 | - | -€2,600 | |
| Other amounts receivable | 41 | €199,030 | €176,113 | -€22,918 | -11.5% |
| Deferred charges and accrued income | 490/1 | - | €30,000 | +€30,000 | |
| Total equity and liabilities | 10/49 | €2,380,167 | €2,267,785 | -€112,382 | -4.7% |
| Equity | 10/15 | €1,500,115 | €1,382,543 | -€117,571 | -7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Share premium | 1100/10 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,646 | €31,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,646 | €31,646 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,646 | €31,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,456,068 | €1,338,497 | -€117,571 | -8.1% |
| Amounts payable | 17/49 | €880,052 | €885,242 | +€5,189 | +0.6% |
| Amounts payable after more than one year | 17 | €794,033 | €674,033 | -€120,000 | -15.1% |
| Financial debts | 170/4 | €794,033 | €674,033 | -€120,000 | -15.1% |
| Amounts payable within one year | 42/48 | €86,019 | €211,209 | +€125,189 | +145.5% |
| Financial debts | 43 | €86,019 | €193,663 | +€107,643 | +125.1% |
| Other loans | 439 | €86,019 | €193,663 | +€107,643 | +125.1% |
| Other amounts payable | 47/48 | - | €17,546 | +€17,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,864 | €116,864 | = | 0.0% |
| Other operating charges | 640/8 | €455 | - | -€455 | |
| Gross operating margin | 9900 | -€61,932 | €1,505 | +€63,437 | |
| Operating profit (loss) | 9901 | -€179,251 | -€115,359 | +€63,892 | +35.6% |
| Financial charges | 65/66B | €36,528 | €2,212 | -€34,316 | -93.9% |
| Recurring financial charges | 65 | €36,528 | €2,212 | -€34,316 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€215,779 | -€117,571 | +€98,208 | +45.5% |
| Income taxes | 67/77 | €5,320 | - | -€5,320 | |
| Profit (loss) for the period | 9904 | -€221,099 | -€117,571 | +€103,528 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€221,099 | -€117,571 | +€103,528 | +46.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.