AJK RENTING: 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.
AJK RENTING
Largest movements
- Tangible fixed assets -€440,724
down €440,724 (-6.0%), from €7.3m to €6.9m
of which Plant, machinery and equipment: -€387,035
- Receivables within one year -€221,600
down €221,600 (-23.4%), from €945,144 to €723,544
of which Other amounts receivable: -€131,734
- Cash +€94,153
up €94,153 (+79.3%), from €118,774 to €212,927
mainly Depreciation (+€2.7m) and Net result for the year (+€429,036)
- Trade debts -€369,697
down €369,697 (-19.4%), from €1.9m to €1.5m
- Debts after one year -€355,892
down €355,892 (-29.6%), from €1.2m to €845,757
- Short-term financial debts +€249,679
up €249,679 (+30.5%), from €817,559 to €1.1m
- Other debts -€100,000
down €100,000 (-20.0%), from €500,000 to €400,000
- Depreciation +€208,609
up €208,609 (+8.4%), from €2.5m to €2.7m
- Gross operating margin +€113,838
up €113,838 (+3.5%), from €3.2m to €3.4m
- Other operating charges -€47,355
down €47,355 (-90.0%), from €52,643 to €5,288
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 | €8,393,512 | €7,826,754 | -€566,758 | -6.8% |
| Fixed assets | 21/28 | €7,329,449 | €6,888,725 | -€440,724 | -6.0% |
| Tangible fixed assets | 22/27 | €7,329,449 | €6,888,725 | -€440,724 | -6.0% |
| Plant, machinery and equipment | 23 | €7,250,802 | €6,863,768 | -€387,035 | -5.3% |
| Furniture and vehicles | 24 | €78,647 | €24,958 | -€53,689 | -68.3% |
| Current assets | 29/58 | €1,064,063 | €938,028 | -€126,035 | -11.8% |
| Amounts receivable within one year | 40/41 | €945,144 | €723,544 | -€221,600 | -23.4% |
| Trade receivables | 40 | €751,554 | €661,688 | -€89,866 | -12.0% |
| Other amounts receivable | 41 | €193,590 | €61,856 | -€131,734 | -68.0% |
| Cash at bank and in hand | 54/58 | €118,774 | €212,927 | +€94,153 | +79.3% |
| Deferred charges and accrued income | 490/1 | €145 | €1,557 | +€1,411 | +972% |
| Total equity and liabilities | 10/49 | €8,393,512 | €7,826,754 | -€566,758 | -6.8% |
| Equity | 10/15 | €3,162,734 | €3,191,770 | +€29,036 | +0.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,097,734 | €3,126,770 | +€29,036 | +0.9% |
| Non-distributable reserves | 130/1 | €12,661 | €12,661 | = | 0.0% |
| Legal reserve | 130 | €12,661 | €12,661 | = | 0.0% |
| Tax-exempt reserves | 132 | €388,827 | €317,758 | -€71,070 | -18.3% |
| Distributable reserves | 133 | €2,696,246 | €2,796,351 | +€100,105 | +3.7% |
| Provisions and deferred taxes | 16 | €129,609 | €105,919 | -€23,690 | -18.3% |
| Deferred taxes | 168 | €129,609 | €105,919 | -€23,690 | -18.3% |
| Amounts payable | 17/49 | €5,101,169 | €4,529,065 | -€572,104 | -11.2% |
| Amounts payable after more than one year | 17 | €1,201,649 | €845,757 | -€355,892 | -29.6% |
| Financial debts | 170/4 | €1,201,649 | €845,757 | -€355,892 | -29.6% |
| Amounts payable within one year | 42/48 | €3,585,668 | €3,372,670 | -€212,997 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €366,478 | €355,892 | -€10,586 | -2.9% |
| Financial debts | 43 | €817,559 | €1,067,238 | +€249,679 | +30.5% |
| Credit institutions | 430/8 | €817,559 | €1,067,238 | +€249,679 | +30.5% |
| Trade debts | 44 | €1,901,631 | €1,531,934 | -€369,697 | -19.4% |
| Suppliers | 440/4 | €1,901,631 | €1,531,934 | -€369,697 | -19.4% |
| Taxes, remuneration and social security | 45 | - | €17,606 | +€17,606 | |
| Taxes | 450/3 | - | €17,606 | +€17,606 | |
| Other amounts payable | 47/48 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €313,852 | €310,638 | -€3,214 | -1.0% |
| Non-recurring operating income | 76A | €5,217 | - | -€5,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484,022 | €2,692,631 | +€208,609 | +8.4% |
| Other operating charges | 640/8 | €52,643 | €5,288 | -€47,355 | -90.0% |
| Gross operating margin | 9900 | €3,240,887 | €3,354,725 | +€113,838 | +3.5% |
| Operating profit (loss) | 9901 | €704,222 | €656,806 | -€47,416 | -6.7% |
| Financial income | 75/76B | €164 | €781 | +€617 | +375% |
| Recurring financial income | 75 | €164 | €781 | +€617 | +375% |
| Financial charges | 65/66B | €83,062 | €85,540 | +€2,478 | +3.0% |
| Recurring financial charges | 65 | €83,062 | €85,540 | +€2,478 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €621,325 | €572,047 | -€49,278 | -7.9% |
| Transfer from deferred taxes | 780 | €70,468 | €69,678 | -€790 | -1.1% |
| Transfer to deferred taxes | 680 | €54,068 | €45,988 | -€8,080 | -14.9% |
| Income taxes | 67/77 | €171,731 | €166,702 | -€5,029 | -2.9% |
| Profit (loss) for the period | 9904 | €465,994 | €429,036 | -€36,958 | -7.9% |
| Transfer from tax-exempt reserves | 789 | €211,403 | €209,034 | -€2,369 | -1.1% |
| Transfer to tax-exempt reserves | 689 | €162,205 | €137,965 | -€24,241 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €515,192 | €500,105 | -€15,086 | -2.9% |
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 26 October 2026 via checked.be.