AJS: 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.
AJS
Largest movements
- Tangible fixed assets -€8,262
down €8,262 (-29.5%), from €28,045 to €19,783
- Receivables within one year +€5,715
up €5,715 (+43.3%), from €13,198 to €18,913
- Reserves +€8,496
up €8,496 (+14.8%), from €57,588 to €66,084
of which Distributable reserves: +€8,496
- Debts after one year -€7,833
down €7,833 (-10.4%), from €75,510 to €67,678
of which Financial debts: -€7,833
- Other debts -€3,358
down €3,358 (-9.9%), from €33,850 to €30,492
- Gross operating margin +€2,309
up €2,309 (+9.3%), from €24,887 to €27,196
- Financial charges -€888
down €888 (-14.2%), from €6,240 to €5,352
- Other operating charges +€736
up €736 (+623%), from €118 to €854
- Taxes +€707
up €707 (+20.0%), from €3,525 to €4,232
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 | €198,062 | €194,989 | -€3,073 | -1.6% |
| Fixed assets | 21/28 | €178,045 | €169,783 | -€8,262 | -4.6% |
| Tangible fixed assets | 22/27 | €28,045 | €19,783 | -€8,262 | -29.5% |
| Furniture and vehicles | 24 | €28,045 | €19,783 | -€8,262 | -29.5% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €20,017 | €25,206 | +€5,189 | +25.9% |
| Amounts receivable within one year | 40/41 | €13,198 | €18,913 | +€5,715 | +43.3% |
| Trade receivables | 40 | €13,198 | €18,913 | +€5,715 | +43.3% |
| Cash at bank and in hand | 54/58 | €6,819 | €6,293 | -€526 | -7.7% |
| Total equity and liabilities | 10/49 | €198,062 | €194,989 | -€3,073 | -1.6% |
| Equity | 10/15 | €76,188 | €84,684 | +€8,496 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,588 | €66,084 | +€8,496 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,728 | €64,224 | +€8,496 | +15.2% |
| Amounts payable | 17/49 | €121,874 | €110,306 | -€11,569 | -9.5% |
| Amounts payable after more than one year | 17 | €75,510 | €67,678 | -€7,833 | -10.4% |
| Financial debts | 170/4 | €10,510 | €2,678 | -€7,833 | -74.5% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,364 | €42,628 | -€3,736 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €7,541 | €7,833 | +€292 | +3.9% |
| Trade debts | 44 | €265 | €299 | +€34 | +12.8% |
| Suppliers | 440/4 | €265 | €299 | +€34 | +12.8% |
| Taxes, remuneration and social security | 45 | €4,709 | €4,005 | -€704 | -14.9% |
| Taxes | 450/3 | €4,709 | €4,005 | -€704 | -14.9% |
| Other amounts payable | 47/48 | €33,850 | €30,492 | -€3,358 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,262 | €8,262 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €854 | +€736 | +623% |
| Gross operating margin | 9900 | €24,887 | €27,196 | +€2,309 | +9.3% |
| Operating profit (loss) | 9901 | €16,507 | €18,080 | +€1,573 | +9.5% |
| Financial income | 75/76B | €31 | €0 | -€31 | -100% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100% |
| Financial charges | 65/66B | €6,240 | €5,352 | -€888 | -14.2% |
| Recurring financial charges | 65 | €6,240 | €5,352 | -€888 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €10,298 | €12,728 | +€2,430 | +23.6% |
| Income taxes | 67/77 | €3,525 | €4,232 | +€707 | +20.0% |
| Profit (loss) for the period | 9904 | €6,773 | €8,496 | +€1,723 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,773 | €8,496 | +€1,723 | +25.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.