AJSP-IMMO: 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.
AJSP-IMMO
Largest movements
- Tangible fixed assets +€12,584
up €12,584 (+28.0%), from €44,871 to €57,454
of which Furniture and vehicles: +€8,653
- Cash +€10,381
up €10,381 (+10.5%), from €98,955 to €109,335
mainly Net result for the year (+€18,738) and Trade debts (+€6,376)
- Deferred charges and accrued income +€3,569
up €3,569 (+209%), from €1,711 to €5,280
- Reserves +€18,738
up €18,738 (+16.2%), from €115,774 to €134,512
- Trade debts +€6,376
up €6,376 (+883%), from €722 to €7,098
- Gross operating margin -€2,232
down €2,232 (-4.6%), from €48,307 to €46,075
- Depreciation +€1,210
up €1,210 (+26.2%), from €4,620 to €5,830
- Taxes -€900
down €900 (-14.1%), from €6,366 to €5,466
- Other operating charges +€814
up €814 (+5.8%), from €13,923 to €14,737
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 | €145,933 | €172,069 | +€26,136 | +17.9% |
| Fixed assets | 21/28 | €44,871 | €57,454 | +€12,584 | +28.0% |
| Tangible fixed assets | 22/27 | €44,871 | €57,454 | +€12,584 | +28.0% |
| Land and buildings | 22 | €41,776 | €46,480 | +€4,704 | +11.3% |
| Furniture and vehicles | 24 | - | €8,653 | +€8,653 | |
| Leasing and similar rights | 25 | €3,094 | €2,321 | -€774 | -25.0% |
| Current assets | 29/58 | €101,063 | €114,615 | +€13,552 | +13.4% |
| Amounts receivable within one year | 40/41 | €397 | - | -€397 | |
| Other amounts receivable | 41 | €397 | - | -€397 | |
| Cash at bank and in hand | 54/58 | €98,955 | €109,335 | +€10,381 | +10.5% |
| Deferred charges and accrued income | 490/1 | €1,711 | €5,280 | +€3,569 | +209% |
| Total equity and liabilities | 10/49 | €145,933 | €172,069 | +€26,136 | +17.9% |
| Equity | 10/15 | €134,324 | €153,062 | +€18,738 | +13.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €115,774 | €134,512 | +€18,738 | +16.2% |
| Distributable reserves | 133 | €115,774 | €134,512 | +€18,738 | +16.2% |
| Amounts payable | 17/49 | €11,609 | €19,007 | +€7,398 | +63.7% |
| Amounts payable within one year | 42/48 | €11,580 | €18,967 | +€7,387 | +63.8% |
| Trade debts | 44 | €722 | €7,098 | +€6,376 | +883% |
| Suppliers | 440/4 | €722 | €7,098 | +€6,376 | +883% |
| Taxes, remuneration and social security | 45 | €10,821 | €11,832 | +€1,011 | +9.3% |
| Taxes | 450/3 | €10,821 | €11,832 | +€1,011 | +9.3% |
| Other amounts payable | 47/48 | €38 | €38 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €29 | €40 | +€11 | +37.0% |
| Remuneration, social security and pensions | 62 | €1,284 | €1,157 | -€127 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,620 | €5,830 | +€1,210 | +26.2% |
| Other operating charges | 640/8 | €13,923 | €14,737 | +€814 | +5.8% |
| Gross operating margin | 9900 | €48,307 | €46,075 | -€2,232 | -4.6% |
| Operating profit (loss) | 9901 | €28,480 | €24,351 | -€4,129 | -14.5% |
| Financial charges | 65/66B | €192 | €147 | -€45 | -23.4% |
| Recurring financial charges | 65 | €192 | €147 | -€45 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €28,288 | €24,204 | -€4,084 | -14.4% |
| Income taxes | 67/77 | €6,366 | €5,466 | -€900 | -14.1% |
| Profit (loss) for the period | 9904 | €21,922 | €18,738 | -€3,184 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,922 | €18,738 | -€3,184 | -14.5% |
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.