AJL ADVISORS: what changed
AJL ADVISORS
Largest movements
- Cash -€6,785
down €6,785 (-32.1%), from €21,106 to €14,321
mainly Contributions, distributions and other (-€74,596) and Tax, wage and social debts (-€9,913)
- Tangible fixed assets -€1,291
down €1,291 (-7.7%), from €16,846 to €15,556
of which Other tangible fixed assets: -€1,613
- Deferred charges and accrued income +€776
new in 2025: €776
- Tax, wage and social debts -€9,913
down €9,913 (-69.7%), from €14,228 to €4,315
- Other debts +€4,354
up €4,354 (+14.1%), from €30,854 to €35,208
- Trade debts -€2,176
down €2,176 (-57.3%), from €3,800 to €1,624
- Gross operating margin +€7,329
up €7,329 (+8.2%), from €89,600 to €96,929
- Taxes +€1,015
up €1,015 (+5.6%), from €18,279 to €19,294
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,881 | €43,147 | -€7,735 | -15.2% |
| Fixed assets | 21/28 | €16,846 | €15,556 | -€1,291 | -7.7% |
| Tangible fixed assets | 22/27 | €16,846 | €15,556 | -€1,291 | -7.7% |
| Furniture and vehicles | 24 | €1,651 | €1,974 | +€323 | +19.5% |
| Other tangible fixed assets | 26 | €15,195 | €13,582 | -€1,613 | -10.6% |
| Current assets | 29/58 | €34,035 | €27,591 | -€6,444 | -18.9% |
| Amounts receivable within one year | 40/41 | €12,929 | €12,494 | -€435 | -3.4% |
| Trade receivables | 40 | €12,929 | €11,788 | -€1,141 | -8.8% |
| Other amounts receivable | 41 | - | €706 | +€706 | |
| Cash at bank and in hand | 54/58 | €21,106 | €14,321 | -€6,785 | -32.1% |
| Deferred charges and accrued income | 490/1 | - | €776 | +€776 | |
| Total equity and liabilities | 10/49 | €50,881 | €43,147 | -€7,735 | -15.2% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €48,881 | €41,147 | -€7,735 | -15.8% |
| Amounts payable within one year | 42/48 | €48,881 | €41,147 | -€7,735 | -15.8% |
| Trade debts | 44 | €3,800 | €1,624 | -€2,176 | -57.3% |
| Suppliers | 440/4 | €3,800 | €1,624 | -€2,176 | -57.3% |
| Taxes, remuneration and social security | 45 | €14,228 | €4,315 | -€9,913 | -69.7% |
| Taxes | 450/3 | €14,228 | €4,315 | -€9,913 | -69.7% |
| Other amounts payable | 47/48 | €30,854 | €35,208 | +€4,354 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €2,456 | +€692 | +39.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €89,600 | €96,929 | +€7,329 | +8.2% |
| Operating profit (loss) | 9901 | €87,448 | €94,073 | +€6,625 | +7.6% |
| Financial charges | 65/66B | €175 | €184 | +€8 | +4.6% |
| Recurring financial charges | 65 | €175 | €184 | +€8 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €87,273 | €93,890 | +€6,617 | +7.6% |
| Income taxes | 67/77 | €18,279 | €19,294 | +€1,015 | +5.6% |
| Profit (loss) for the period | 9904 | €68,994 | €74,596 | +€5,602 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,994 | €74,596 | +€5,602 | +8.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.