AJM CONSTRUCT: 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.
AJM CONSTRUCT
Largest movements
- Receivables within one year +€13,244
up €13,244 (+152.1%), from €8,708 to €21,953
of which Trade receivables: +€11,913
- Tangible fixed assets +€6,737
up €6,737 (+58.0%), from €11,608 to €18,344
- Cash +€5,050
up €5,050 (+559.2%), from €903 to €5,953
mainly Trade debts (+€9,709) and Net result for the year (+€7,460)
- Deferred charges and accrued income +€1,476
new in 2025: €1,476
- Trade debts +€9,709
up €9,709 (+75.5%), from €12,859 to €22,567
- Profit (loss) carried forward +€7,460
up €7,460 (+3077.7%), from €242 to €7,703
- Other debts +€5,162
up €5,162 (+1293.4%), from €399 to €5,561
- Tax, wage and social debts +€3,768
up €3,768 (+61.2%), from €6,154 to €9,922
of which Taxes: +€3,102
- Gross operating margin +€58,935
up €58,935 (+278.4%), from €21,168 to €80,103
- Staff costs +€42,311
up €42,311 (+269.0%), from €15,731 to €58,043
- Taxes +€6,448
up €6,448 (+664.0%), from €971 to €7,419
- Other operating charges +€2,964
up €2,964 (+9879600.0%), from €0 to €2,964
- Financial charges -€2,500
down €2,500 (-91.2%), from €2,742 to €242
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 | €22,154 | €48,253 | +€26,099 | +117.8% |
| Formation expenses | 20 | €935 | €527 | -€408 | -43.6% |
| Fixed assets | 21/28 | €11,608 | €18,344 | +€6,737 | +58.0% |
| Tangible fixed assets | 22/27 | €11,608 | €18,344 | +€6,737 | +58.0% |
| Furniture and vehicles | 24 | €11,608 | €18,344 | +€6,737 | +58.0% |
| Current assets | 29/58 | €9,611 | €29,381 | +€19,770 | +205.7% |
| Amounts receivable within one year | 40/41 | €8,708 | €21,953 | +€13,244 | +152.1% |
| Trade receivables | 40 | €7,387 | €19,300 | +€11,913 | +161.3% |
| Other amounts receivable | 41 | €1,321 | €2,653 | +€1,332 | +100.8% |
| Cash at bank and in hand | 54/58 | €903 | €5,953 | +€5,050 | +559.2% |
| Deferred charges and accrued income | 490/1 | - | €1,476 | +€1,476 | |
| Total equity and liabilities | 10/49 | €22,154 | €48,253 | +€26,099 | +117.8% |
| Equity | 10/15 | €2,742 | €10,203 | +€7,460 | +272.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242 | €7,703 | +€7,460 | +3077.7% |
| Amounts payable | 17/49 | €19,412 | €38,050 | +€18,638 | +96.0% |
| Amounts payable within one year | 42/48 | €19,412 | €38,050 | +€18,638 | +96.0% |
| Trade debts | 44 | €12,859 | €22,567 | +€9,709 | +75.5% |
| Suppliers | 440/4 | €12,859 | €22,567 | +€9,709 | +75.5% |
| Taxes, remuneration and social security | 45 | €6,154 | €9,922 | +€3,768 | +61.2% |
| Taxes | 450/3 | €3,954 | €7,057 | +€3,102 | +78.5% |
| Remuneration and social security | 454/9 | €2,200 | €2,865 | +€665 | +30.2% |
| Other amounts payable | 47/48 | €399 | €5,561 | +€5,162 | +1293.4% |
| Remuneration, social security and pensions | 62 | €15,731 | €58,043 | +€42,311 | +269.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | €3,271 | +€2,291 | +233.6% |
| Other operating charges | 640/8 | €0 | €2,964 | +€2,964 | +9879600.0% |
| Non-recurring operating charges | 66A | €500 | €703 | +€203 | +40.6% |
| Gross operating margin | 9900 | €21,168 | €80,103 | +€58,935 | +278.4% |
| Operating profit (loss) | 9901 | €3,955 | €15,122 | +€11,166 | +282.3% |
| Financial charges | 65/66B | €2,742 | €242 | -€2,500 | -91.2% |
| Recurring financial charges | 65 | €2,742 | €242 | -€2,500 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €1,213 | €14,880 | +€13,666 | +1126.2% |
| Income taxes | 67/77 | €971 | €7,419 | +€6,448 | +664.0% |
| Profit (loss) for the period | 9904 | €242 | €7,460 | +€7,218 | +2977.7% |
| Profit (loss) for the period to be appropriated | 9905 | €242 | €7,460 | +€7,218 | +2977.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.