Ajusta: 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.
Ajusta
Largest movements
- Receivables within one year -€42,510
down €42,510 (-39.8%), from €106,873 to €64,363
of which Other amounts receivable: -€23,872
- Cash +€10,219
up €10,219 (+65.7%), from €15,553 to €25,771
mainly Receivables within one year (+€42,510) and Net result for the year (+€26,990)
- Tangible fixed assets -€1,835
down €1,835 (-28.1%), from €6,538 to €4,703
- Other debts -€22,703
down €22,703 (-62.9%), from €36,100 to €13,397
- Reserves -€13,000
down €13,000 (-16.9%), from €77,000 to €64,000
- Tax, wage and social debts +€3,711
up €3,711 (+48.9%), from €7,590 to €11,301
- Gross operating margin -€4,717
down €4,717 (-10.8%), from €43,650 to €38,933
- Taxes -€725
down €725 (-8.8%), from €8,217 to €7,492
- Financial charges -€588
down €588 (-22.9%), from €2,566 to €1,979
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 | €129,034 | €94,837 | -€34,197 | -26.5% |
| Fixed assets | 21/28 | €6,538 | €4,703 | -€1,835 | -28.1% |
| Tangible fixed assets | 22/27 | €6,538 | €4,703 | -€1,835 | -28.1% |
| Plant, machinery and equipment | 23 | €2,247 | €1,748 | -€499 | -22.2% |
| Furniture and vehicles | 24 | €1,178 | €703 | -€475 | -40.3% |
| Leasing and similar rights | 25 | €3,113 | €2,251 | -€862 | -27.7% |
| Current assets | 29/58 | €122,496 | €90,135 | -€32,362 | -26.4% |
| Amounts receivable within one year | 40/41 | €106,873 | €64,363 | -€42,510 | -39.8% |
| Trade receivables | 40 | €80,710 | €62,073 | -€18,638 | -23.1% |
| Other amounts receivable | 41 | €26,163 | €2,291 | -€23,872 | -91.2% |
| Cash at bank and in hand | 54/58 | €15,553 | €25,771 | +€10,219 | +65.7% |
| Deferred charges and accrued income | 490/1 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €129,034 | €94,837 | -€34,197 | -26.5% |
| Equity | 10/15 | €79,393 | €66,283 | -€13,110 | -16.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €77,000 | €64,000 | -€13,000 | -16.9% |
| Distributable reserves | 133 | €77,000 | €64,000 | -€13,000 | -16.9% |
| Profit (loss) carried forward | 14 | €893 | €783 | -€110 | -12.3% |
| Amounts payable | 17/49 | €49,641 | €28,555 | -€21,087 | -42.5% |
| Amounts payable after more than one year | 17 | €838 | - | -€838 | |
| Financial debts | 170/4 | €838 | - | -€838 | |
| Amounts payable within one year | 42/48 | €48,803 | €28,555 | -€20,249 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €4,534 | €3,662 | -€872 | -19.2% |
| Trade debts | 44 | €579 | €195 | -€384 | -66.4% |
| Suppliers | 440/4 | €579 | €195 | -€384 | -66.4% |
| Taxes, remuneration and social security | 45 | €7,590 | €11,301 | +€3,711 | +48.9% |
| Taxes | 450/3 | €7,590 | €11,301 | +€3,711 | +48.9% |
| Other amounts payable | 47/48 | €36,100 | €13,397 | -€22,703 | -62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,569 | €1,835 | +€266 | +16.9% |
| Other operating charges | 640/8 | €716 | €637 | -€79 | -11.0% |
| Gross operating margin | 9900 | €43,650 | €38,933 | -€4,717 | -10.8% |
| Operating profit (loss) | 9901 | €41,365 | €36,461 | -€4,904 | -11.9% |
| Financial charges | 65/66B | €2,566 | €1,979 | -€588 | -22.9% |
| Recurring financial charges | 65 | €2,566 | €1,979 | -€588 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €38,799 | €34,482 | -€4,317 | -11.1% |
| Income taxes | 67/77 | €8,217 | €7,492 | -€725 | -8.8% |
| Profit (loss) for the period | 9904 | €30,581 | €26,990 | -€3,591 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,581 | €26,990 | -€3,591 | -11.7% |
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 6 October 2026 via checked.be.