AJL Racine: what changed
AJL Racine
Largest movements
- Cash +€452,365
up €452,365 (+599%), from €75,562 to €527,927
mainly Net result for the year (+€323,141) and Trade debts (+€274,236)
- Receivables within one year +€248,623
up €248,623 (+179%), from €138,904 to €387,528
of which Trade receivables: +€248,814
- Deferred charges and accrued income +€14,525
new in 2025: €14,525
- Profit (loss) carried forward +€319,875
up €319,875 (+2,036%), from €15,711 to €335,587
- Trade debts +€274,236
up €274,236 (+230%), from €119,459 to €393,694
- Tax, wage and social debts +€137,214
up €137,214 (+223%), from €61,425 to €198,638
of which Taxes: +€136,015
- Reserves -€9,795
down €9,795 (-84.0%), from €11,655 to €1,860
of which Distributable reserves: -€9,795
- Gross operating margin +€405,072
up €405,072 (+544%), from €74,517 to €479,589
- Taxes +€96,102
up €96,102 (+583%), from €16,493 to €112,595
- Staff costs +€27,048
new in 2025: €27,048
- Other operating charges -€14,830
down €14,830 (-85.2%), from €17,403 to €2,573
- Financial charges +€13,591
up €13,591 (+1,188%), from €1,144 to €14,734
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 | €214,955 | €935,979 | +€721,024 | +335% |
| Fixed assets | 21/28 | €489 | €6,000 | +€5,512 | +1,128% |
| Tangible fixed assets | 22/27 | €489 | - | -€489 | |
| Plant, machinery and equipment | 23 | €48 | - | -€48 | |
| Furniture and vehicles | 24 | €441 | - | -€441 | |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €214,466 | €929,979 | +€715,513 | +334% |
| Amounts receivable within one year | 40/41 | €138,904 | €387,528 | +€248,623 | +179% |
| Trade receivables | 40 | €133,666 | €382,480 | +€248,814 | +186% |
| Other amounts receivable | 41 | €5,238 | €5,047 | -€191 | -3.6% |
| Cash at bank and in hand | 54/58 | €75,562 | €527,927 | +€452,365 | +599% |
| Deferred charges and accrued income | 490/1 | - | €14,525 | +€14,525 | |
| Total equity and liabilities | 10/49 | €214,955 | €935,979 | +€721,024 | +335% |
| Equity | 10/15 | €33,566 | €343,647 | +€310,081 | +924% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,655 | €1,860 | -€9,795 | -84.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,795 | - | -€9,795 | |
| Profit (loss) carried forward | 14 | €15,711 | €335,587 | +€319,875 | +2,036% |
| Amounts payable | 17/49 | €181,389 | €592,333 | +€410,944 | +227% |
| Amounts payable within one year | 42/48 | €181,389 | €592,333 | +€410,944 | +227% |
| Trade debts | 44 | €119,459 | €393,694 | +€274,236 | +230% |
| Suppliers | 440/4 | €119,459 | €393,694 | +€274,236 | +230% |
| Taxes, remuneration and social security | 45 | €61,425 | €198,638 | +€137,214 | +223% |
| Taxes | 450/3 | €61,425 | €197,440 | +€136,015 | +221% |
| Remuneration and social security | 454/9 | - | €1,198 | +€1,198 | |
| Other amounts payable | 47/48 | €505 | - | -€505 | |
| Remuneration, social security and pensions | 62 | - | €27,048 | +€27,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,304 | €489 | -€815 | -62.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €385 | - | -€385 | |
| Other operating charges | 640/8 | €17,403 | €2,573 | -€14,830 | -85.2% |
| Non-recurring operating charges | 66A | €618 | - | -€618 | |
| Gross operating margin | 9900 | €74,517 | €479,589 | +€405,072 | +544% |
| Operating profit (loss) | 9901 | €54,806 | €449,479 | +€394,673 | +720% |
| Financial income | 75/76B | €124 | €991 | +€867 | +701% |
| Recurring financial income | 75 | €124 | €991 | +€867 | +701% |
| Financial charges | 65/66B | €1,144 | €14,734 | +€13,591 | +1,188% |
| Recurring financial charges | 65 | €1,144 | €14,734 | +€13,591 | +1,188% |
| Profit (loss) for the period before taxes | 9903 | €53,786 | €435,736 | +€381,949 | +710% |
| Income taxes | 67/77 | €16,493 | €112,595 | +€96,102 | +583% |
| Profit (loss) for the period | 9904 | €37,293 | €323,141 | +€285,848 | +766% |
| Profit (loss) for the period to be appropriated | 9905 | €37,293 | €323,141 | +€285,848 | +766% |
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 7 November 2026 via checked.be.