AJM CONSTRUCTION: 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.
AJM CONSTRUCTION
Largest movements
- Cash +€22,849
up €22,849 (+254.5%), from €8,978 to €31,827
mainly Net result for the year (+€16,240) and Depreciation (+€10,148)
- Stocks and contracts -€8,588
no longer reported in 2025 (was €8,588)
- Deferred charges and accrued income -€3,676
down €3,676 (-71.0%), from €5,179 to €1,504
- Receivables within one year -€2,196
down €2,196 (-44.8%), from €4,897 to €2,701
of which Other amounts receivable: -€1,176
- Profit (loss) carried forward +€14,574
up €14,574 (+50.1%), from €29,071 to €43,645
- Other debts -€9,750
down €9,750 (-55.6%), from €17,536 to €7,786
- Debts after one year +€5,361
new in 2025: €5,361
- Current portion of long-term debt +€4,908
new in 2025: €4,908
- Trade debts -€3,234
down €3,234 (-49.7%), from €6,513 to €3,279
- Gross operating margin +€53,763
up €53,763 (+300.6%), from €17,887 to €71,651
- Other operating charges +€3,181
up €3,181 (+134.3%), from €2,369 to €5,550
- Taxes +€2,786
new in 2025: €2,786
- Financial income +€2,273
up €2,273 (+314.1%), from €724 to €2,997
- Staff costs -€1,296
down €1,296 (-12.3%), from €10,501 to €9,205
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 | €62,243 | €70,875 | +€8,631 | +13.9% |
| Fixed assets | 21/28 | €34,602 | €34,844 | +€242 | +0.7% |
| Tangible fixed assets | 22/27 | €34,602 | €34,844 | +€242 | +0.7% |
| Land and buildings | 22 | €8,532 | - | -€8,532 | |
| Plant, machinery and equipment | 23 | €7,464 | €5,606 | -€1,858 | -24.9% |
| Furniture and vehicles | 24 | €18,605 | €29,237 | +€10,632 | +57.1% |
| Current assets | 29/58 | €27,642 | €36,031 | +€8,389 | +30.3% |
| Stocks and contracts in progress | 3 | €8,588 | - | -€8,588 | |
| Stocks | 30/36 | €8,588 | - | -€8,588 | |
| Amounts receivable within one year | 40/41 | €4,897 | €2,701 | -€2,196 | -44.8% |
| Trade receivables | 40 | €1,020 | - | -€1,020 | |
| Other amounts receivable | 41 | €3,877 | €2,701 | -€1,176 | -30.3% |
| Cash at bank and in hand | 54/58 | €8,978 | €31,827 | +€22,849 | +254.5% |
| Deferred charges and accrued income | 490/1 | €5,179 | €1,504 | -€3,676 | -71.0% |
| Total equity and liabilities | 10/49 | €62,243 | €70,875 | +€8,631 | +13.9% |
| Equity | 10/15 | €31,071 | €45,645 | +€14,574 | +46.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,071 | €43,645 | +€14,574 | +50.1% |
| Amounts payable | 17/49 | €31,172 | €25,230 | -€5,942 | -19.1% |
| Amounts payable after more than one year | 17 | - | €5,361 | +€5,361 | |
| Financial debts | 170/4 | - | €5,361 | +€5,361 | |
| Amounts payable within one year | 42/48 | €31,172 | €19,868 | -€11,304 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,908 | +€4,908 | |
| Trade debts | 44 | €6,513 | €3,279 | -€3,234 | -49.7% |
| Suppliers | 440/4 | €6,513 | €3,279 | -€3,234 | -49.7% |
| Taxes, remuneration and social security | 45 | €7,123 | €3,896 | -€3,227 | -45.3% |
| Taxes | 450/3 | €5,260 | €2,786 | -€2,474 | -47.0% |
| Remuneration and social security | 454/9 | €1,862 | €1,110 | -€753 | -40.4% |
| Other amounts payable | 47/48 | €17,536 | €7,786 | -€9,750 | -55.6% |
| Remuneration, social security and pensions | 62 | €10,501 | €9,205 | -€1,296 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,311 | €10,148 | -€163 | -1.6% |
| Other operating charges | 640/8 | €2,369 | €5,550 | +€3,181 | +134.3% |
| Non-recurring operating charges | 66A | - | €29,872 | +€29,872 | |
| Gross operating margin | 9900 | €17,887 | €71,651 | +€53,763 | +300.6% |
| Operating profit (loss) | 9901 | -€5,293 | €16,875 | +€22,168 | |
| Financial income | 75/76B | €724 | €2,997 | +€2,273 | +314.1% |
| Recurring financial income | 75 | €724 | €2,997 | +€2,273 | +314.1% |
| Financial charges | 65/66B | €845 | €846 | +€1 | +0.1% |
| Recurring financial charges | 65 | €845 | €846 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,415 | €19,026 | +€24,441 | |
| Income taxes | 67/77 | - | €2,786 | +€2,786 | |
| Profit (loss) for the period | 9904 | -€5,415 | €16,240 | +€21,654 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,415 | €16,240 | +€21,654 |
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 9 October 2026 via checked.be.