AJSOLUTIONS: 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.
AJSOLUTIONS
Largest movements
- Current investments +€456,058
up €456,058 (+216%), from €211,309 to €667,366
- Cash -€292,049
down €292,049 (-38.8%), from €753,617 to €461,567
mainly Contributions, distributions and other (-€458,331) and Current investments (-€456,058)
- Intangible fixed assets +€279,449
up €279,449 (+14,650%), from €1,908 to €281,356
- Deferred charges and accrued income +€144,987
up €144,987 (+704%), from €20,583 to €165,569
- Receivables within one year -€73,507
down €73,507 (-7.3%), from €1.0m to €926,774
of which Trade receivables: -€69,468
- Other debts +€404,622
up €404,622 (+590%), from €68,634 to €473,256
- Reserves -€336,850
down €336,850 (-26.8%), from €1.3m to €918,470
of which Distributable reserves: -€176,130
- Trade debts +€200,443
up €200,443 (+32.1%), from €625,031 to €825,473
- Debts after one year +€144,831
up €144,831 (+74.7%), from €193,974 to €338,805
- Current portion of long-term debt +€48,792
up €48,792 (+225%), from €21,694 to €70,486
- Gross operating margin -€109,806
down €109,806 (-9.0%), from €1.2m to €1.1m
- Taxes -€86,809
down €86,809 (-59.7%), from €145,427 to €58,617
- Financial income +€43,614
up €43,614 (+582%), from €7,496 to €51,110
- Staff costs +€27,997
up €27,997 (+3.4%), from €818,041 to €846,037
- Depreciation +€27,269
up €27,269 (+46.8%), from €58,318 to €85,588
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 | €2,449,361 | €2,885,163 | +€435,803 | +17.8% |
| Fixed assets | 21/28 | €190,347 | €412,999 | +€222,652 | +117% |
| Intangible fixed assets | 21 | €1,908 | €281,356 | +€279,449 | +14,650% |
| Tangible fixed assets | 22/27 | €188,439 | €131,643 | -€56,796 | -30.1% |
| Plant, machinery and equipment | 23 | €70,828 | €49,297 | -€21,530 | -30.4% |
| Furniture and vehicles | 24 | €117,612 | €82,346 | -€35,266 | -30.0% |
| Current assets | 29/58 | €2,259,014 | €2,472,164 | +€213,150 | +9.4% |
| Stocks and contracts in progress | 3 | €273,225 | €250,887 | -€22,339 | -8.2% |
| Stocks | 30/36 | €273,225 | €250,887 | -€22,339 | -8.2% |
| Amounts receivable within one year | 40/41 | €1,000,281 | €926,774 | -€73,507 | -7.3% |
| Trade receivables | 40 | €953,596 | €884,128 | -€69,468 | -7.3% |
| Other amounts receivable | 41 | €46,685 | €42,646 | -€4,039 | -8.7% |
| Current investments | 50/53 | €211,309 | €667,366 | +€456,058 | +216% |
| Cash at bank and in hand | 54/58 | €753,617 | €461,567 | -€292,049 | -38.8% |
| Deferred charges and accrued income | 490/1 | €20,583 | €165,569 | +€144,987 | +704% |
| Total equity and liabilities | 10/49 | €2,449,361 | €2,885,163 | +€435,803 | +17.8% |
| Equity | 10/15 | €1,270,639 | €933,789 | -€336,850 | -26.5% |
| Contributions | 10/11 | €15,320 | €15,320 | = | 0.0% |
| Reserves | 13 | €1,255,320 | €918,470 | -€336,850 | -26.8% |
| Tax-exempt reserves | 132 | €160,720 | €0 | -€160,720 | -100% |
| Distributable reserves | 133 | €1,094,600 | €918,470 | -€176,130 | -16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,178,722 | €1,951,374 | +€772,653 | +65.6% |
| Amounts payable after more than one year | 17 | €193,974 | €338,805 | +€144,831 | +74.7% |
| Financial debts | 170/4 | €193,974 | €338,805 | +€144,831 | +74.7% |
| Amounts payable within one year | 42/48 | €891,043 | €1,508,040 | +€616,997 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €21,694 | €70,486 | +€48,792 | +225% |
| Trade debts | 44 | €625,031 | €825,473 | +€200,443 | +32.1% |
| Suppliers | 440/4 | €625,031 | €825,473 | +€200,443 | +32.1% |
| Advances received on contracts in progress | 46 | €47,183 | €0 | -€47,183 | -100% |
| Taxes, remuneration and social security | 45 | €128,501 | €138,825 | +€10,323 | +8.0% |
| Taxes | 450/3 | €45,427 | €46,556 | +€1,130 | +2.5% |
| Remuneration and social security | 454/9 | €83,075 | €92,268 | +€9,194 | +11.1% |
| Other amounts payable | 47/48 | €68,634 | €473,256 | +€404,622 | +590% |
| Accrued charges and deferred income | 492/3 | €93,705 | €104,529 | +€10,824 | +11.6% |
| Non-recurring operating income | 76A | - | €4,900 | +€4,900 | |
| Remuneration, social security and pensions | 62 | €818,041 | €846,037 | +€27,997 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,318 | €85,588 | +€27,269 | +46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €12,112 | +€12,112 | |
| Other operating charges | 640/8 | €8,228 | €9,198 | +€970 | +11.8% |
| Gross operating margin | 9900 | €1,216,194 | €1,106,388 | -€109,806 | -9.0% |
| Operating profit (loss) | 9901 | €331,607 | €153,453 | -€178,154 | -53.7% |
| Financial income | 75/76B | €7,496 | €51,110 | +€43,614 | +582% |
| Recurring financial income | 75 | €7,496 | €51,110 | +€43,614 | +582% |
| Financial charges | 65/66B | €17,982 | €24,464 | +€6,482 | +36.0% |
| Recurring financial charges | 65 | €17,982 | €24,464 | +€6,482 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €321,122 | €180,099 | -€141,023 | -43.9% |
| Income taxes | 67/77 | €145,427 | €58,617 | -€86,809 | -59.7% |
| Profit (loss) for the period | 9904 | €175,695 | €121,481 | -€54,214 | -30.9% |
| Transfer from tax-exempt reserves | 789 | - | €223,870 | +€223,870 | |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,695 | €282,201 | +€106,506 | +60.6% |
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 13 October 2026 via checked.be.