AJL-BCA: 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.
AJL-BCA
Largest movements
- Financial fixed assets +€125,000
up €125,000 (+120192.3%), from €104 to €125,104
- Cash -€46,406
down €46,406 (-97.1%), from €47,774 to €1,368
mainly Investment in fixed assets (net) (-€188,233) and Other debts (-€51,223)
- Intangible fixed assets -€19,278
down €19,278 (-5.8%), from €333,305 to €314,027
- Tangible fixed assets +€18,844
up €18,844 (+23.0%), from €82,071 to €100,915
of which Furniture and vehicles: +€15,689
- Debts after one year +€100,000
new in 2025: €100,000
- Other debts -€51,223
down €51,223 (-15.1%), from €339,375 to €288,152
- Trade debts +€31,314
up €31,314 (+125.5%), from €24,957 to €56,271
- Profit (loss) carried forward +€8,732
up €8,732 (+8.3%), from €104,666 to €113,398
- Staff costs +€44,118
up €44,118 (+26.3%), from €167,880 to €211,998
- Taxes -€11,003
down €11,003 (-41.7%), from €26,401 to €15,398
- Write-downs -€10,018
down €10,018, from €5,009 to -€5,009
- Other operating charges -€8,725
down €8,725 (-45.0%), from €19,374 to €10,649
- Depreciation +€7,828
up €7,828 (+14.0%), from €55,839 to €63,667
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 | €549,686 | €630,431 | +€80,745 | +14.7% |
| Fixed assets | 21/28 | €415,480 | €540,046 | +€124,566 | +30.0% |
| Intangible fixed assets | 21 | €333,305 | €314,027 | -€19,278 | -5.8% |
| Tangible fixed assets | 22/27 | €82,071 | €100,915 | +€18,844 | +23.0% |
| Land and buildings | 22 | €51,887 | €55,042 | +€3,155 | +6.1% |
| Furniture and vehicles | 24 | €30,184 | €45,873 | +€15,689 | +52.0% |
| Financial fixed assets | 28 | €104 | €125,104 | +€125,000 | +120192.3% |
| Current assets | 29/58 | €134,206 | €90,385 | -€43,821 | -32.7% |
| Amounts receivable within one year | 40/41 | €86,432 | €87,017 | +€585 | +0.7% |
| Trade receivables | 40 | €74,356 | €78,572 | +€4,216 | +5.7% |
| Other amounts receivable | 41 | €12,076 | €8,445 | -€3,631 | -30.1% |
| Cash at bank and in hand | 54/58 | €47,774 | €1,368 | -€46,406 | -97.1% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €549,686 | €630,431 | +€80,745 | +14.7% |
| Equity | 10/15 | €174,312 | €183,225 | +€8,913 | +5.1% |
| Contributions | 10/11 | €10,333 | €10,514 | +€181 | +1.8% |
| Reserves | 13 | €59,313 | €59,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €38,703 | €38,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,666 | €113,398 | +€8,732 | +8.3% |
| Amounts payable | 17/49 | €375,374 | €447,206 | +€71,832 | +19.1% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €375,374 | €347,206 | -€28,168 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €2,236 | - | -€2,236 | |
| Trade debts | 44 | €24,957 | €56,271 | +€31,314 | +125.5% |
| Suppliers | 440/4 | €24,957 | €56,271 | +€31,314 | +125.5% |
| Taxes, remuneration and social security | 45 | €8,806 | €2,783 | -€6,023 | -68.4% |
| Taxes | 450/3 | €8,806 | €2,783 | -€6,023 | -68.4% |
| Other amounts payable | 47/48 | €339,375 | €288,152 | -€51,223 | -15.1% |
| Non-recurring operating income | 76A | - | €1,820 | +€1,820 | |
| Remuneration, social security and pensions | 62 | €167,880 | €211,998 | +€44,118 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,839 | €63,667 | +€7,828 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,009 | -€5,009 | -€10,018 | |
| Other operating charges | 640/8 | €19,374 | €10,649 | -€8,725 | -45.0% |
| Gross operating margin | 9900 | €307,547 | €305,969 | -€1,578 | -0.5% |
| Operating profit (loss) | 9901 | €59,445 | €24,664 | -€34,781 | -58.5% |
| Financial income | 75/76B | €388 | €383 | -€5 | -1.3% |
| Recurring financial income | 75 | €388 | €383 | -€5 | -1.3% |
| Financial charges | 65/66B | €970 | €917 | -€53 | -5.5% |
| Recurring financial charges | 65 | €970 | €917 | -€53 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €58,863 | €24,130 | -€34,733 | -59.0% |
| Income taxes | 67/77 | €26,401 | €15,398 | -€11,003 | -41.7% |
| Profit (loss) for the period | 9904 | €32,462 | €8,732 | -€23,730 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,462 | €8,732 | -€23,730 | -73.1% |
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 8 October 2026 via checked.be.