AJMARN: 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.
AJMARN
Largest movements
- Receivables within one year -€211,441
down €211,441 (-20.3%), from €1.0m to €832,474
of which Trade receivables: -€259,858
- Stocks and contracts +€154,310
up €154,310 (+24.4%), from €632,155 to €786,465
- Tangible fixed assets -€27,100
down €27,100 (-27.5%), from €98,424 to €71,324
of which Land and buildings: -€15,483
- Advances received -€118,111
down €118,111 (-96.9%), from €121,888 to €3,777
- Profit (loss) carried forward +€87,492
up €87,492 (+12.5%), from €698,750 to €786,242
- Other debts -€32,330
no longer reported in 2025 (was €32,330)
- Trade debts -€23,162
down €23,162 (-2.5%), from €924,721 to €901,559
of which Suppliers: -€33,185
- Gross operating margin -€99,853
down €99,853 (-32.8%), from €304,656 to €204,803
- Purchases and services +€94,077
up €94,077 (+5.3%), from €1.8m to €1.9m
- Taxes -€37,637
down €37,637 (-76.2%), from €49,368 to €11,731
- Financial charges -€34,288
down €34,288 (-42.2%), from €81,194 to €46,906
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.
Derived cash bridge
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 | €1,836,585 | €1,759,219 | -€77,366 | -4.2% |
| Fixed assets | 21/28 | €98,424 | €71,324 | -€27,100 | -27.5% |
| Tangible fixed assets | 22/27 | €98,424 | €71,324 | -€27,100 | -27.5% |
| Land and buildings | 22 | €70,748 | €55,265 | -€15,483 | -21.9% |
| Plant, machinery and equipment | 23 | €6,169 | €6,337 | +€168 | +2.7% |
| Furniture and vehicles | 24 | €21,507 | €9,722 | -€11,785 | -54.8% |
| Current assets | 29/58 | €1,738,161 | €1,687,895 | -€50,266 | -2.9% |
| Stocks and contracts in progress | 3 | €632,155 | €786,465 | +€154,310 | +24.4% |
| Stocks | 30/36 | €632,155 | €786,465 | +€154,310 | +24.4% |
| Amounts receivable within one year | 40/41 | €1,043,915 | €832,474 | -€211,441 | -20.3% |
| Trade receivables | 40 | €822,286 | €562,428 | -€259,858 | -31.6% |
| Other amounts receivable | 41 | €221,629 | €270,046 | +€48,417 | +21.8% |
| Cash at bank and in hand | 54/58 | €62,091 | €68,956 | +€6,865 | +11.1% |
| Total equity and liabilities | 10/49 | €1,836,585 | €1,759,219 | -€77,366 | -4.2% |
| Equity | 10/15 | €717,350 | €804,842 | +€87,492 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €698,750 | €786,242 | +€87,492 | +12.5% |
| Amounts payable | 17/49 | €1,119,235 | €954,377 | -€164,858 | -14.7% |
| Amounts payable within one year | 42/48 | €1,119,235 | €954,377 | -€164,858 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €11,787 | €11,752 | -€35 | -0.3% |
| Trade debts | 44 | €924,721 | €901,559 | -€23,162 | -2.5% |
| Suppliers | 440/4 | €920,102 | €886,917 | -€33,185 | -3.6% |
| Bills of exchange payable | 441 | €4,619 | €14,642 | +€10,023 | +217% |
| Advances received on contracts in progress | 46 | €121,888 | €3,777 | -€118,111 | -96.9% |
| Taxes, remuneration and social security | 45 | €28,509 | €37,289 | +€8,780 | +30.8% |
| Taxes | 450/3 | €24,005 | €26,224 | +€2,219 | +9.2% |
| Remuneration and social security | 454/9 | €4,504 | €11,065 | +€6,561 | +146% |
| Other amounts payable | 47/48 | €32,330 | - | -€32,330 | |
| Turnover | 70 | €2,079,901 | €2,074,125 | -€5,776 | -0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,775,245 | €1,869,322 | +€94,077 | +5.3% |
| Remuneration, social security and pensions | 62 | €18,760 | €31,636 | +€12,876 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,602 | €31,551 | -€3,051 | -8.8% |
| Other operating charges | 640/8 | €3,261 | €5,157 | +€1,896 | +58.1% |
| Gross operating margin | 9900 | €304,656 | €204,803 | -€99,853 | -32.8% |
| Operating profit (loss) | 9901 | €248,033 | €136,459 | -€111,574 | -45.0% |
| Financial income | 75/76B | €1,629 | €9,670 | +€8,041 | +494% |
| Recurring financial income | 75 | €1,629 | €9,670 | +€8,041 | +494% |
| Financial charges | 65/66B | €81,194 | €46,906 | -€34,288 | -42.2% |
| Recurring financial charges | 65 | €81,194 | €46,906 | -€34,288 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €168,468 | €99,223 | -€69,245 | -41.1% |
| Income taxes | 67/77 | €49,368 | €11,731 | -€37,637 | -76.2% |
| Profit (loss) for the period | 9904 | €119,100 | €87,492 | -€31,608 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,100 | €87,492 | -€31,608 | -26.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.