AJP PARTNER: 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 PARTNER
Largest movements
- Cash -€29,854
down €29,854 (-60.0%), from €49,773 to €19,919
mainly Net result for the year (-€36,771) and Investment in fixed assets (net) (-€22,883)
- Tangible fixed assets -€21,434
down €21,434 (-9.5%), from €225,105 to €203,670
of which Other tangible fixed assets: -€27,749
- Receivables within one year +€3,407
up €3,407 (+31.9%), from €10,670 to €14,078
of which Other amounts receivable: +€4,014
- Stocks and contracts +€3,299
up €3,299 (+94.7%), from €3,485 to €6,784
- Profit (loss) carried forward -€36,771
down €36,771 (-160%), from -€22,988 to -€59,760
- Debts after one year -€7,867
down €7,867 (-11.2%), from €70,432 to €62,565
- Gross operating margin -€23,917
down €23,917 (-55.4%), from €43,139 to €19,222
- Depreciation +€1,697
up €1,697 (+4.0%), from €42,621 to €44,317
- Staff costs -€833
down €833 (-60.2%), from €1,384 to €551
- Financial charges +€800
up €800 (+30.1%), from €2,664 to €3,464
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 | €289,562 | €244,631 | -€44,931 | -15.5% |
| Fixed assets | 21/28 | €225,285 | €203,850 | -€21,434 | -9.5% |
| Tangible fixed assets | 22/27 | €225,105 | €203,670 | -€21,434 | -9.5% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €24,714 | €19,379 | -€5,335 | -21.6% |
| Furniture and vehicles | 24 | €21,646 | €33,296 | +€11,650 | +53.8% |
| Other tangible fixed assets | 26 | €178,744 | €150,995 | -€27,749 | -15.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €64,277 | €40,780 | -€23,496 | -36.6% |
| Stocks and contracts in progress | 3 | €3,485 | €6,784 | +€3,299 | +94.7% |
| Stocks | 30/36 | €3,485 | €6,784 | +€3,299 | +94.7% |
| Amounts receivable within one year | 40/41 | €10,670 | €14,078 | +€3,407 | +31.9% |
| Trade receivables | 40 | €9,425 | €8,818 | -€607 | -6.4% |
| Other amounts receivable | 41 | €1,245 | €5,260 | +€4,014 | +322% |
| Cash at bank and in hand | 54/58 | €49,773 | €19,919 | -€29,854 | -60.0% |
| Deferred charges and accrued income | 490/1 | €349 | €0 | -€349 | -100% |
| Total equity and liabilities | 10/49 | €289,562 | €244,631 | -€44,931 | -15.5% |
| Equity | 10/15 | -€1,988 | -€38,760 | -€36,771 | -1,849% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,988 | -€59,760 | -€36,771 | -160% |
| Amounts payable | 17/49 | €291,550 | €283,391 | -€8,159 | -2.8% |
| Amounts payable after more than one year | 17 | €70,432 | €62,565 | -€7,867 | -11.2% |
| Financial debts | 170/4 | €70,432 | €62,565 | -€7,867 | -11.2% |
| Amounts payable within one year | 42/48 | €221,118 | €220,825 | -€293 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €27,830 | €29,776 | +€1,946 | +7.0% |
| Trade debts | 44 | €45,051 | €45,495 | +€444 | +1.0% |
| Suppliers | 440/4 | €45,051 | €45,495 | +€444 | +1.0% |
| Taxes, remuneration and social security | 45 | €71 | €91 | +€20 | +27.6% |
| Taxes | 450/3 | €71 | €91 | +€20 | +27.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €148,166 | €145,463 | -€2,703 | -1.8% |
| Remuneration, social security and pensions | 62 | €1,384 | €551 | -€833 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,621 | €44,317 | +€1,697 | +4.0% |
| Other operating charges | 640/8 | €1,721 | €2,026 | +€305 | +17.7% |
| Non-recurring operating charges | 66A | - | €5,872 | +€5,872 | |
| Gross operating margin | 9900 | €43,139 | €19,222 | -€23,917 | -55.4% |
| Operating profit (loss) | 9901 | -€2,587 | -€33,544 | -€30,957 | -1,197% |
| Financial income | 75/76B | €403 | €328 | -€76 | -18.8% |
| Recurring financial income | 75 | €403 | €328 | -€76 | -18.8% |
| Financial charges | 65/66B | €2,664 | €3,464 | +€800 | +30.1% |
| Recurring financial charges | 65 | €2,664 | €3,464 | +€800 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,847 | -€36,680 | -€31,834 | -657% |
| Income taxes | 67/77 | €68 | €91 | +€23 | +33.1% |
| Profit (loss) for the period | 9904 | -€4,915 | -€36,771 | -€31,856 | -648% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,915 | -€36,771 | -€31,856 | -648% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.