AJM & PARTNERS: 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 & PARTNERS
Largest movements
- Cash +€90,819
up €90,819 (+31.7%), from €286,552 to €377,371
mainly Depreciation (+€64,884) and Trade debts (+€42,000)
- Tangible fixed assets -€60,907
down €60,907 (-29.5%), from €206,491 to €145,585
of which Land and buildings: -€32,093
- Receivables within one year -€17,565
down €17,565 (-6.3%), from €278,644 to €261,079
of which Trade receivables: -€17,565
- Trade debts +€42,000
up €42,000 (+30.1%), from €139,615 to €181,615
- Accrued charges and deferred income -€37,884
no longer reported in 2024 (was €37,884)
- Other debts +€32,467
up €32,467 (+1,622%), from €2,002 to €34,469
- Tax, wage and social debts -€30,760
down €30,760 (-71.6%), from €42,960 to €12,200
of which Remuneration and social security: -€42,960
- Turnover -€40,695
down €40,695 (-19.9%), from €203,995 to €163,301
- Purchases and services -€24,052
down €24,052 (-20.1%), from €119,386 to €95,333
- Depreciation +€13,664
up €13,664 (+26.7%), from €51,220 to €64,884
- Gross operating margin -€9,673
down €9,673 (-8.9%), from €108,231 to €98,557
- Staff costs -€6,420
down €6,420 (-79.8%), from €8,049 to €1,630
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €772,587 | €784,935 | +€12,347 | +1.6% |
| Fixed assets | 21/28 | €207,391 | €146,485 | -€60,907 | -29.4% |
| Tangible fixed assets | 22/27 | €206,491 | €145,585 | -€60,907 | -29.5% |
| Land and buildings | 22 | €122,942 | €90,849 | -€32,093 | -26.1% |
| Plant, machinery and equipment | 23 | €3,619 | €3,099 | -€520 | -14.4% |
| Furniture and vehicles | 24 | €79,931 | €51,637 | -€28,294 | -35.4% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €565,196 | €638,450 | +€73,254 | +13.0% |
| Amounts receivable within one year | 40/41 | €278,644 | €261,079 | -€17,565 | -6.3% |
| Trade receivables | 40 | €178,644 | €161,079 | -€17,565 | -9.8% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €286,552 | €377,371 | +€90,819 | +31.7% |
| Total equity and liabilities | 10/49 | €772,587 | €784,935 | +€12,347 | +1.6% |
| Equity | 10/15 | €3,592 | €10,117 | +€6,524 | +182% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Capital | 10 | €143,600 | €143,600 | = | 0.0% |
| Issued capital | 100 | €143,600 | €143,600 | = | 0.0% |
| Reserves | 13 | €6,024 | €6,024 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,024 | €6,024 | = | 0.0% |
| Legal reserve | 130 | €6,024 | €6,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,031 | -€139,507 | +€6,524 | +4.5% |
| Amounts payable | 17/49 | €768,995 | €774,818 | +€5,823 | +0.8% |
| Amounts payable after more than one year | 17 | €546,535 | €546,535 | = | 0.0% |
| Financial debts | 170/4 | €546,535 | €546,535 | = | 0.0% |
| Amounts payable within one year | 42/48 | €184,577 | €228,283 | +€43,707 | +23.7% |
| Trade debts | 44 | €139,615 | €181,615 | +€42,000 | +30.1% |
| Suppliers | 440/4 | €139,615 | €181,615 | +€42,000 | +30.1% |
| Taxes, remuneration and social security | 45 | €42,960 | €12,200 | -€30,760 | -71.6% |
| Taxes | 450/3 | - | €12,200 | +€12,200 | |
| Remuneration and social security | 454/9 | €42,960 | - | -€42,960 | |
| Other amounts payable | 47/48 | €2,002 | €34,469 | +€32,467 | +1,622% |
| Accrued charges and deferred income | 492/3 | €37,884 | - | -€37,884 | |
| Turnover | 70 | €203,995 | €163,301 | -€40,695 | -19.9% |
| Non-recurring operating income | 76A | €23,622 | €30,590 | +€6,969 | +29.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,386 | €95,333 | -€24,052 | -20.1% |
| Remuneration, social security and pensions | 62 | €8,049 | €1,630 | -€6,420 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,220 | €64,884 | +€13,664 | +26.7% |
| Other operating charges | 640/8 | €2,849 | €2,512 | -€337 | -11.8% |
| Gross operating margin | 9900 | €108,231 | €98,557 | -€9,673 | -8.9% |
| Operating profit (loss) | 9901 | €46,112 | €29,531 | -€16,580 | -36.0% |
| Financial income | 75/76B | €4,500 | €4,501 | +€1 | 0.0% |
| Recurring financial income | 75 | €4,500 | €4,500 | = | 0.0% |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €27,455 | €27,433 | -€22 | -0.1% |
| Recurring financial charges | 65 | €27,327 | €27,327 | = | 0.0% |
| Non-recurring financial charges | 66B | €128 | €106 | -€22 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €23,157 | €6,600 | -€16,558 | -71.5% |
| Profit (loss) for the period | 9904 | €23,157 | €6,600 | -€16,558 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,157 | €6,600 | -€16,558 | -71.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2023 and 30 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.