AJS: what changed
Two fiscal 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.
AJS
Largest movements
- Receivables within one year +€18,603
up €18,603 (+39.3%), from €47,352 to €65,956
of which Trade receivables: +€12,100
- Tangible fixed assets -€1,515
down €1,515 (-14.7%), from €10,338 to €8,823
of which Furniture and vehicles: -€2,448
- Reserves +€27,452
up €27,452 (+75.3%), from €36,437 to €63,889
- Debts after one year -€8,377
down €8,377 (-53.8%), from €15,578 to €7,201
- Tax, wage and social debts -€2,163
down €2,163 (-10.6%), from €20,358 to €18,194
of which Taxes: -€4,529
- Gross operating margin +€28,725
up €28,725 (+334.0%), from €8,601 to €37,326
- Taxes +€5,124
up €5,124 (+274.1%), from €1,869 to €6,993
- Financial income +€2,138
up €2,138 (+513.3%), from €417 to €2,555
- Other operating charges +€1,036
up €1,036 (+737.3%), from €141 to €1,176
- Depreciation +€702
up €702 (+25.2%), from €2,791 to €3,493
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 | €83,750 | €100,888 | +€17,137 | +20.5% |
| Fixed assets | 21/28 | €10,338 | €8,823 | -€1,515 | -14.7% |
| Tangible fixed assets | 22/27 | €10,338 | €8,823 | -€1,515 | -14.7% |
| Plant, machinery and equipment | 23 | €629 | €1,563 | +€934 | +148.5% |
| Furniture and vehicles | 24 | €9,709 | €7,261 | -€2,448 | -25.2% |
| Current assets | 29/58 | €73,412 | €92,064 | +€18,652 | +25.4% |
| Amounts receivable within one year | 40/41 | €47,352 | €65,956 | +€18,603 | +39.3% |
| Trade receivables | 40 | €0 | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €47,352 | €53,856 | +€6,503 | +13.7% |
| Cash at bank and in hand | 54/58 | €26,060 | €26,109 | +€49 | +0.2% |
| Total equity and liabilities | 10/49 | €83,750 | €100,888 | +€17,137 | +20.5% |
| Equity | 10/15 | €37,937 | €65,389 | +€27,452 | +72.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €36,437 | €63,889 | +€27,452 | +75.3% |
| Distributable reserves | 133 | €36,437 | €63,889 | +€27,452 | +75.3% |
| Amounts payable | 17/49 | €45,813 | €35,499 | -€10,314 | -22.5% |
| Amounts payable after more than one year | 17 | €15,578 | €7,201 | -€8,377 | -53.8% |
| Financial debts | 170/4 | €15,578 | €7,201 | -€8,377 | -53.8% |
| Amounts payable within one year | 42/48 | €30,235 | €28,298 | -€1,937 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €8,098 | €8,377 | +€279 | +3.4% |
| Trade debts | 44 | €1,778 | €1,726 | -€52 | -2.9% |
| Suppliers | 440/4 | €1,778 | €1,726 | -€52 | -2.9% |
| Taxes, remuneration and social security | 45 | €20,358 | €18,194 | -€2,163 | -10.6% |
| Taxes | 450/3 | €20,358 | €15,829 | -€4,529 | -22.2% |
| Remuneration and social security | 454/9 | €0 | €2,366 | +€2,366 | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,791 | €3,493 | +€702 | +25.2% |
| Other operating charges | 640/8 | €141 | €1,176 | +€1,036 | +737.3% |
| Gross operating margin | 9900 | €8,601 | €37,326 | +€28,725 | +334.0% |
| Operating profit (loss) | 9901 | €5,670 | €32,657 | +€26,987 | +476.0% |
| Financial income | 75/76B | €417 | €2,555 | +€2,138 | +513.3% |
| Recurring financial income | 75 | €417 | €2,555 | +€2,138 | +513.3% |
| Financial charges | 65/66B | €246 | €768 | +€522 | +212.3% |
| Recurring financial charges | 65 | €246 | €768 | +€522 | +212.3% |
| Profit (loss) for the period before taxes | 9903 | €5,840 | €34,444 | +€28,604 | +489.8% |
| Income taxes | 67/77 | €1,869 | €6,993 | +€5,124 | +274.1% |
| Profit (loss) for the period | 9904 | €3,971 | €27,452 | +€23,480 | +591.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,971 | €27,452 | +€23,480 | +591.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.