AJMJ9: 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.
What changed
AJMJ9
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,745
2024 · €3,470-€14,215
Equity
€1.2m
2024 · €1.2m-€10,745
Cash
€2,141
2024 · €3,418-€1,277
Balance sheet total
€2.1m
2024 · €2.2m-€60,177
Largest movements
Assets
- Tangible fixed assets -€57,046
down €57,046 (-2.7%), from €2.1m to €2.1m
of which Plant, machinery and equipment: -€36,515
Equity and liabilities
- Debts after one year -€55,244
down €55,244 (-8.0%), from €687,932 to €632,688
of which Financial debts: -€57,544
- Tax, wage and social debts -€23,522
down €23,522 (-82.3%), from €28,577 to €5,055
Income statement
- Gross operating margin -€14,267
down €14,267 (-14.5%), from €98,578 to €84,311
- Taxes +€6,646
up €6,646 (+479.3%), from €1,387 to €8,033
- Depreciation -€5,131
down €5,131 (-6.7%), from €76,040 to €70,909
- Financial charges -€1,114
down €1,114 (-12.0%), from €9,309 to €8,194
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.
Result 2024
€3,470
Gross operating margin
-€14,267
Depreciation
+€5,131
Other operating charges
+€535
Other operating items
-€87
Financial income
+€3
Financial charges
+€1,114
Taxes
-€6,646
Result 2025
-€10,745
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.
From operations
+€66,753
Investment
-€13,863
Financing
-€54,168
Cash 2024
€3,418
From operations (derived)
+€66,753
Net result for the year
-€10,745
Depreciation
+€70,909
Receivables within one year
+€1,854
Trade debts
+€4,317
Tax, wage and social debts
-€23,522
Advances received
+€730
Other debts
+€21,324
Accrued charges and deferred income
+€1,887
Investment (derived)
-€13,863
Investment in fixed assets (net)
-€13,863
Financing
-€54,168
Debts after one year
-€55,244
Current portion of long-term debt
+€1,076
Cash 2025
€2,141
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,154,278 | €2,094,101 | -€60,177 | -2.8% |
| Fixed assets | 21/28 | €2,149,006 | €2,091,960 | -€57,046 | -2.7% |
| Tangible fixed assets | 22/27 | €2,149,006 | €2,091,960 | -€57,046 | -2.7% |
| Land and buildings | 22 | €1,846,852 | €1,829,225 | -€17,628 | -1.0% |
| Plant, machinery and equipment | 23 | €290,803 | €254,289 | -€36,515 | -12.6% |
| Furniture and vehicles | 24 | €11,350 | €8,446 | -€2,904 | -25.6% |
| Current assets | 29/58 | €5,272 | €2,141 | -€3,131 | -59.4% |
| Amounts receivable within one year | 40/41 | €1,854 | - | -€1,854 | |
| Trade receivables | 40 | €1,854 | - | -€1,854 | |
| Cash at bank and in hand | 54/58 | €3,418 | €2,141 | -€1,277 | -37.4% |
| Total equity and liabilities | 10/49 | €2,154,278 | €2,094,101 | -€60,177 | -2.8% |
| Equity | 10/15 | €1,176,417 | €1,165,672 | -€10,745 | -0.9% |
| Contributions | 10/11 | €239,781 | €239,781 | = | 0.0% |
| Revaluation surpluses | 12 | €1,331,000 | €1,331,000 | = | 0.0% |
| Reserves | 13 | €96,161 | €96,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,978 | €23,978 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,978 | €23,978 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,798 | €18,798 | = | 0.0% |
| Distributable reserves | 133 | €53,385 | €53,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€490,524 | -€501,269 | -€10,745 | -2.2% |
| Amounts payable | 17/49 | €977,861 | €928,429 | -€49,432 | -5.1% |
| Amounts payable after more than one year | 17 | €687,932 | €632,688 | -€55,244 | -8.0% |
| Financial debts | 170/4 | €387,932 | €330,388 | -€57,544 | -14.8% |
| Other amounts payable | 178/9 | €300,000 | €302,300 | +€2,300 | +0.8% |
| Amounts payable within one year | 42/48 | €289,345 | €293,270 | +€3,925 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €56,468 | €57,544 | +€1,076 | +1.9% |
| Trade debts | 44 | €2,660 | €6,977 | +€4,317 | +162.3% |
| Suppliers | 440/4 | €2,660 | €6,977 | +€4,317 | +162.3% |
| Advances received on contracts in progress | 46 | €520 | €1,250 | +€730 | +140.4% |
| Taxes, remuneration and social security | 45 | €28,577 | €5,055 | -€23,522 | -82.3% |
| Taxes | 450/3 | €28,577 | €5,055 | -€23,522 | -82.3% |
| Other amounts payable | 47/48 | €201,120 | €222,444 | +€21,324 | +10.6% |
| Accrued charges and deferred income | 492/3 | €584 | €2,471 | +€1,887 | +322.9% |
| Non-recurring operating income | 76A | €406 | - | -€406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,040 | €70,909 | -€5,131 | -6.7% |
| Other operating charges | 640/8 | €8,372 | €7,837 | -€535 | -6.4% |
| Non-recurring operating charges | 66A | - | €87 | +€87 | |
| Gross operating margin | 9900 | €98,578 | €84,311 | -€14,267 | -14.5% |
| Operating profit (loss) | 9901 | €14,165 | €5,479 | -€8,687 | -61.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +31000.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +31000.0% |
| Financial charges | 65/66B | €9,309 | €8,194 | -€1,114 | -12.0% |
| Recurring financial charges | 65 | €9,309 | €8,194 | -€1,114 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €4,857 | -€2,713 | -€7,569 | |
| Income taxes | 67/77 | €1,387 | €8,033 | +€6,646 | +479.3% |
| Profit (loss) for the period | 9904 | €3,470 | -€10,745 | -€14,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,470 | -€10,745 | -€14,215 |
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 11 October 2026 via checked.be.