Ajuinlei1: 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.
Ajuinlei1
Largest movements
- Cash +€79,803
up €79,803 (+103.3%), from €77,226 to €157,030
mainly Debts after one year (+€37,332) and Receivables within one year (+€28,757)
- Tangible fixed assets +€37,532
up €37,532 (+73.3%), from €51,171 to €88,703
of which Furniture and vehicles: +€35,013
- Receivables within one year -€28,757
down €28,757 (-16.8%), from €171,654 to €142,897
of which Trade receivables: -€34,021
- Debts after one year +€37,332
up €37,332 (+2986.6%), from €1,250 to €38,582
of which Financial debts: +€37,332
- Tax, wage and social debts +€19,668
up €19,668 (+351.1%), from €5,602 to €25,270
of which Taxes: +€21,170
- Current portion of long-term debt +€11,545
new in 2025: €11,545
- Trade debts +€7,599
up €7,599 (+25.5%), from €29,827 to €37,427
- Profit (loss) carried forward +€7,248
up €7,248 (+23.2%), from -€31,302 to -€24,054
- Financial income -€37,946
down €37,946 (-92.0%), from €41,255 to €3,309
of which Non-recurring financial income: -€40,500
- Financial charges -€37,305
down €37,305 (-81.6%), from €45,724 to €8,418
of which Non-recurring financial charges: -€40,500
- Gross operating margin +€26,234
up €26,234 (+113.9%), from €23,032 to €49,266
- Staff costs -€14,465
down €14,465 (-65.1%), from €22,224 to €7,759
- Depreciation +€9,558
up €9,558 (+58.0%), from €16,490 to €26,048
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 | €304,794 | €389,511 | +€84,717 | +27.8% |
| Fixed assets | 21/28 | €51,521 | €89,053 | +€37,532 | +72.8% |
| Tangible fixed assets | 22/27 | €51,171 | €88,703 | +€37,532 | +73.3% |
| Plant, machinery and equipment | 23 | €4,145 | €1,603 | -€2,542 | -61.3% |
| Furniture and vehicles | 24 | €20,185 | €55,198 | +€35,013 | +173.5% |
| Leasing and similar rights | 25 | €4,244 | €2,804 | -€1,440 | -33.9% |
| Other tangible fixed assets | 26 | €22,597 | €29,098 | +€6,501 | +28.8% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €253,273 | €300,458 | +€47,185 | +18.6% |
| Amounts receivable within one year | 40/41 | €171,654 | €142,897 | -€28,757 | -16.8% |
| Trade receivables | 40 | €80,180 | €46,159 | -€34,021 | -42.4% |
| Other amounts receivable | 41 | €91,474 | €96,738 | +€5,264 | +5.8% |
| Cash at bank and in hand | 54/58 | €77,226 | €157,030 | +€79,803 | +103.3% |
| Deferred charges and accrued income | 490/1 | €4,392 | €532 | -€3,861 | -87.9% |
| Total equity and liabilities | 10/49 | €304,794 | €389,511 | +€84,717 | +27.8% |
| Equity | 10/15 | €144,340 | €151,589 | +€7,248 | +5.0% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €642 | €642 | = | 0.0% |
| Distributable reserves | 133 | €642 | €642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,302 | -€24,054 | +€7,248 | +23.2% |
| Amounts payable | 17/49 | €160,454 | €237,922 | +€77,469 | +48.3% |
| Amounts payable after more than one year | 17 | €1,250 | €38,582 | +€37,332 | +2986.6% |
| Financial debts | 170/4 | - | €37,332 | +€37,332 | |
| Other amounts payable | 178/9 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,577 | €199,340 | +€42,764 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,545 | +€11,545 | |
| Financial debts | 43 | €2,142 | €975 | -€1,167 | -54.5% |
| Credit institutions | 430/8 | €2,142 | €975 | -€1,167 | -54.5% |
| Trade debts | 44 | €29,827 | €37,427 | +€7,599 | +25.5% |
| Suppliers | 440/4 | €29,827 | €37,427 | +€7,599 | +25.5% |
| Taxes, remuneration and social security | 45 | €5,602 | €25,270 | +€19,668 | +351.1% |
| Taxes | 450/3 | €3,632 | €24,801 | +€21,170 | +582.9% |
| Remuneration and social security | 454/9 | €1,970 | €469 | -€1,501 | -76.2% |
| Other amounts payable | 47/48 | €119,005 | €124,123 | +€5,118 | +4.3% |
| Accrued charges and deferred income | 492/3 | €2,627 | €0 | -€2,627 | -100.0% |
| Non-recurring operating income | 76A | - | €8,098 | +€8,098 | |
| Remuneration, social security and pensions | 62 | €22,224 | €7,759 | -€14,465 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,490 | €26,048 | +€9,558 | +58.0% |
| Other operating charges | 640/8 | €1,761 | €953 | -€807 | -45.9% |
| Gross operating margin | 9900 | €23,032 | €49,266 | +€26,234 | +113.9% |
| Operating profit (loss) | 9901 | -€17,443 | €14,506 | +€31,948 | |
| Financial income | 75/76B | €41,255 | €3,309 | -€37,946 | -92.0% |
| Recurring financial income | 75 | €755 | €3,309 | +€2,554 | +338.3% |
| Non-recurring financial income | 76B | €40,500 | €0 | -€40,500 | -100.0% |
| Financial charges | 65/66B | €45,724 | €8,418 | -€37,305 | -81.6% |
| Recurring financial charges | 65 | €5,224 | €8,418 | +€3,195 | +61.2% |
| Non-recurring financial charges | 66B | €40,500 | €0 | -€40,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,911 | €9,397 | +€31,308 | |
| Income taxes | 67/77 | €373 | €2,148 | +€1,775 | +475.4% |
| Profit (loss) for the period | 9904 | -€22,285 | €7,248 | +€29,533 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,285 | €7,248 | +€29,533 |
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 10 October 2026 via checked.be.