AJNH: 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.
AJNH
Largest movements
- Tangible fixed assets +€11,125
up €11,125 (+12.9%), from €86,342 to €97,467
of which Furniture and vehicles: +€13,721
- Stocks and contracts +€9,299
up €9,299 (+50.3%), from €18,498 to €27,797
- Receivables within one year -€5,573
down €5,573 (-42.6%), from €13,087 to €7,513
of which Other amounts receivable: -€2,868
- Tax, wage and social debts +€9,106
up €9,106 (+11.6%), from €78,329 to €87,435
of which Taxes: +€5,017
- Profit (loss) carried forward +€4,347
up €4,347 (+10.5%), from €41,464 to €45,811
- Debts after one year -€4,166
down €4,166 (-29.8%), from €13,956 to €9,790
- Other debts +€4,000
up €4,000 (+15.4%), from €26,000 to €30,000
- Trade debts -€3,938
down €3,938 (-11.2%), from €35,005 to €31,067
- Staff costs +€29,323
up €29,323 (+7.3%), from €399,597 to €428,921
- Gross operating margin +€12,306
up €12,306 (+2.4%), from €502,749 to €515,055
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 | €252,985 | €267,305 | +€14,320 | +5.7% |
| Fixed assets | 21/28 | €88,184 | €98,752 | +€10,568 | +12.0% |
| Intangible fixed assets | 21 | €1,347 | €885 | -€462 | -34.3% |
| Tangible fixed assets | 22/27 | €86,342 | €97,467 | +€11,125 | +12.9% |
| Plant, machinery and equipment | 23 | €46,529 | €50,486 | +€3,957 | +8.5% |
| Furniture and vehicles | 24 | €9,472 | €23,194 | +€13,721 | +144.9% |
| Other tangible fixed assets | 26 | €30,340 | €23,787 | -€6,553 | -21.6% |
| Financial fixed assets | 28 | €495 | €400 | -€95 | -19.2% |
| Current assets | 29/58 | €164,801 | €168,553 | +€3,752 | +2.3% |
| Stocks and contracts in progress | 3 | €18,498 | €27,797 | +€9,299 | +50.3% |
| Stocks | 30/36 | €18,498 | €27,797 | +€9,299 | +50.3% |
| Amounts receivable within one year | 40/41 | €13,087 | €7,513 | -€5,573 | -42.6% |
| Trade receivables | 40 | €4,719 | €2,013 | -€2,706 | -57.3% |
| Other amounts receivable | 41 | €8,368 | €5,500 | -€2,868 | -34.3% |
| Cash at bank and in hand | 54/58 | €123,980 | €124,097 | +€117 | +0.1% |
| Deferred charges and accrued income | 490/1 | €9,237 | €9,146 | -€91 | -1.0% |
| Total equity and liabilities | 10/49 | €252,985 | €267,305 | +€14,320 | +5.7% |
| Equity | 10/15 | €78,464 | €82,811 | +€4,347 | +5.5% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,464 | €45,811 | +€4,347 | +10.5% |
| Amounts payable | 17/49 | €174,521 | €184,494 | +€9,973 | +5.7% |
| Amounts payable after more than one year | 17 | €13,956 | €9,790 | -€4,166 | -29.8% |
| Financial debts | 170/4 | €13,956 | €9,790 | -€4,166 | -29.8% |
| Amounts payable within one year | 42/48 | €160,565 | €174,704 | +€14,138 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €16,137 | €19,470 | +€3,333 | +20.7% |
| Financial debts | 43 | €5,095 | €6,731 | +€1,637 | +32.1% |
| Credit institutions | 430/8 | €5,095 | €6,731 | +€1,637 | +32.1% |
| Trade debts | 44 | €35,005 | €31,067 | -€3,938 | -11.2% |
| Suppliers | 440/4 | €35,005 | €31,067 | -€3,938 | -11.2% |
| Taxes, remuneration and social security | 45 | €78,329 | €87,435 | +€9,106 | +11.6% |
| Taxes | 450/3 | €30,851 | €35,869 | +€5,017 | +16.3% |
| Remuneration and social security | 454/9 | €47,477 | €51,566 | +€4,089 | +8.6% |
| Other amounts payable | 47/48 | €26,000 | €30,000 | +€4,000 | +15.4% |
| Non-recurring operating income | 76A | €8,590 | €2,308 | -€6,282 | -73.1% |
| Remuneration, social security and pensions | 62 | €399,597 | €428,921 | +€29,323 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,587 | €29,109 | +€3,522 | +13.8% |
| Other operating charges | 640/8 | €3,191 | €2,338 | -€853 | -26.7% |
| Gross operating margin | 9900 | €502,749 | €515,055 | +€12,306 | +2.4% |
| Operating profit (loss) | 9901 | €74,373 | €54,687 | -€19,686 | -26.5% |
| Financial income | 75/76B | €3,448 | €1,792 | -€1,655 | -48.0% |
| Recurring financial income | 75 | €3,448 | €1,792 | -€1,655 | -48.0% |
| Financial charges | 65/66B | €9,651 | €9,705 | +€54 | +0.6% |
| Recurring financial charges | 65 | €9,651 | €9,705 | +€54 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €68,170 | €46,775 | -€21,395 | -31.4% |
| Income taxes | 67/77 | €15,049 | €12,428 | -€2,621 | -17.4% |
| Profit (loss) for the period | 9904 | €53,121 | €34,347 | -€18,774 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,121 | €34,347 | -€18,774 | -35.3% |
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.