AJP ADVISORY: 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.
AJP ADVISORY
Largest movements
- Cash +€22,912
up €22,912 (+166%), from €13,786 to €36,697
mainly Net result for the year (+€28,615) and Tax, wage and social debts (+€12,389)
- Tangible fixed assets +€7,359
up €7,359 (+11.1%), from €66,541 to €73,900
of which Other tangible fixed assets: +€3,886
- Receivables within one year +€3,929
up €3,929 (+14.0%), from €28,156 to €32,085
of which Other amounts receivable: +€4,416
- Reserves +€28,615
up €28,615 (+38.0%), from €75,264 to €103,879
- Tax, wage and social debts +€12,389
up €12,389 (+51.3%), from €24,134 to €36,523
of which Taxes: +€12,376
- Trade debts -€6,796
down €6,796 (-91.4%), from €7,435 to €638
- Gross operating margin -€7,298
down €7,298 (-12.7%), from €57,416 to €50,117
- Depreciation +€5,477
up €5,477 (+353%), from €1,554 to €7,031
- Taxes -€2,190
down €2,190 (-16.4%), from €13,355 to €11,165
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 | €109,133 | €143,341 | +€34,208 | +31.3% |
| Fixed assets | 21/28 | €66,796 | €74,155 | +€7,359 | +11.0% |
| Tangible fixed assets | 22/27 | €66,541 | €73,900 | +€7,359 | +11.1% |
| Furniture and vehicles | 24 | - | €3,473 | +€3,473 | |
| Other tangible fixed assets | 26 | €66,541 | €70,427 | +€3,886 | +5.8% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €42,337 | €69,185 | +€26,848 | +63.4% |
| Amounts receivable within one year | 40/41 | €28,156 | €32,085 | +€3,929 | +14.0% |
| Trade receivables | 40 | €21,610 | €21,122 | -€488 | -2.3% |
| Other amounts receivable | 41 | €6,546 | €10,962 | +€4,416 | +67.5% |
| Cash at bank and in hand | 54/58 | €13,786 | €36,697 | +€22,912 | +166% |
| Deferred charges and accrued income | 490/1 | €395 | €403 | +€8 | +2.0% |
| Total equity and liabilities | 10/49 | €109,133 | €143,341 | +€34,208 | +31.3% |
| Equity | 10/15 | €75,364 | €103,979 | +€28,615 | +38.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €75,264 | €103,879 | +€28,615 | +38.0% |
| Distributable reserves | 133 | €75,264 | €103,879 | +€28,615 | +38.0% |
| Amounts payable | 17/49 | €33,769 | €39,362 | +€5,592 | +16.6% |
| Amounts payable within one year | 42/48 | €31,569 | €37,162 | +€5,592 | +17.7% |
| Trade debts | 44 | €7,435 | €638 | -€6,796 | -91.4% |
| Suppliers | 440/4 | €7,435 | €638 | -€6,796 | -91.4% |
| Taxes, remuneration and social security | 45 | €24,134 | €36,523 | +€12,389 | +51.3% |
| Taxes | 450/3 | €21,381 | €33,757 | +€12,376 | +57.9% |
| Remuneration and social security | 454/9 | €2,753 | €2,766 | +€12 | +0.4% |
| Accrued charges and deferred income | 492/3 | €2,200 | €2,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €7,031 | +€5,477 | +353% |
| Other operating charges | 640/8 | €1,795 | €1,584 | -€212 | -11.8% |
| Gross operating margin | 9900 | €57,416 | €50,117 | -€7,298 | -12.7% |
| Operating profit (loss) | 9901 | €54,066 | €41,502 | -€12,564 | -23.2% |
| Financial income | 75/76B | €11 | €560 | +€549 | +4,940% |
| Recurring financial income | 75 | €11 | €560 | +€549 | +4,940% |
| Financial charges | 65/66B | €2,849 | €2,282 | -€567 | -19.9% |
| Recurring financial charges | 65 | €2,849 | €2,282 | -€567 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €51,228 | €39,780 | -€11,448 | -22.3% |
| Income taxes | 67/77 | €13,355 | €11,165 | -€2,190 | -16.4% |
| Profit (loss) for the period | 9904 | €37,874 | €28,615 | -€9,259 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,874 | €28,615 | -€9,259 | -24.4% |
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 15 October 2026 via checked.be.