AJV: 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.
AJV
Largest movements
- Tangible fixed assets -€29,575
down €29,575 (-12.4%), from €238,548 to €208,972
of which Land and buildings: -€26,318
- Deferred charges and accrued income -€5,510
down €5,510 (-66.8%), from €8,246 to €2,736
- Receivables within one year -€4,160
down €4,160 (-7.4%), from €55,855 to €51,695
of which Trade receivables: -€5,976
- Current portion of long-term debt -€16,428
down €16,428 (-79.2%), from €20,752 to €4,324
- Short-term financial debts -€13,500
no longer reported in 2025 (was €13,500)
- Profit (loss) carried forward -€9,899
down €9,899 (-6.6%), from €149,643 to €139,744
- Tax, wage and social debts -€6,258
down €6,258 (-20.6%), from €30,370 to €24,112
- Other debts +€6,000
up €6,000 (+31.6%), from €19,000 to €25,000
- Turnover +€19,420
up €19,420 (+14.6%), from €133,138 to €152,558
- Gross operating margin +€13,041
up €13,041 (+27.5%), from €47,448 to €60,489
- Purchases and services +€7,361
up €7,361 (+7.8%), from €94,293 to €101,654
- Taxes +€2,790
up €2,790 (+174.4%), from €1,600 to €4,390
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 | €309,086 | €272,024 | -€37,062 | -12.0% |
| Fixed assets | 21/28 | €242,368 | €212,792 | -€29,575 | -12.2% |
| Tangible fixed assets | 22/27 | €238,548 | €208,972 | -€29,575 | -12.4% |
| Land and buildings | 22 | €228,135 | €201,818 | -€26,318 | -11.5% |
| Plant, machinery and equipment | 23 | €2 | - | -€2 | |
| Furniture and vehicles | 24 | €3,049 | €1,270 | -€1,779 | -58.3% |
| Other tangible fixed assets | 26 | €7,362 | €5,885 | -€1,477 | -20.1% |
| Financial fixed assets | 28 | €3,820 | €3,820 | = | 0.0% |
| Current assets | 29/58 | €66,718 | €59,232 | -€7,487 | -11.2% |
| Amounts receivable within one year | 40/41 | €55,855 | €51,695 | -€4,160 | -7.4% |
| Trade receivables | 40 | €19,561 | €13,585 | -€5,976 | -30.6% |
| Other amounts receivable | 41 | €36,294 | €38,110 | +€1,816 | +5.0% |
| Cash at bank and in hand | 54/58 | €2,617 | €4,800 | +€2,184 | +83.5% |
| Deferred charges and accrued income | 490/1 | €8,246 | €2,736 | -€5,510 | -66.8% |
| Total equity and liabilities | 10/49 | €309,086 | €272,024 | -€37,062 | -12.0% |
| Equity | 10/15 | €223,364 | €213,465 | -€9,899 | -4.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €53,261 | €53,261 | = | 0.0% |
| Distributable reserves | 133 | €53,261 | €53,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,643 | €139,744 | -€9,899 | -6.6% |
| Amounts payable | 17/49 | €85,722 | €58,559 | -€27,163 | -31.7% |
| Amounts payable within one year | 42/48 | €85,722 | €58,559 | -€27,163 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €20,752 | €4,324 | -€16,428 | -79.2% |
| Financial debts | 43 | €13,500 | - | -€13,500 | |
| Credit institutions | 430/8 | €13,500 | - | -€13,500 | |
| Trade debts | 44 | €2,100 | €5,124 | +€3,023 | +143.9% |
| Suppliers | 440/4 | €2,100 | €5,124 | +€3,023 | +143.9% |
| Taxes, remuneration and social security | 45 | €30,370 | €24,112 | -€6,258 | -20.6% |
| Taxes | 450/3 | €30,370 | €24,112 | -€6,258 | -20.6% |
| Other amounts payable | 47/48 | €19,000 | €25,000 | +€6,000 | +31.6% |
| Turnover | 70 | €133,138 | €152,558 | +€19,420 | +14.6% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Goods, raw materials, services and sundry goods | 60/61 | €94,293 | €101,654 | +€7,361 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,017 | €29,575 | -€1,442 | -4.6% |
| Other operating charges | 640/8 | €12,998 | €13,267 | +€270 | +2.1% |
| Gross operating margin | 9900 | €47,448 | €60,489 | +€13,041 | +27.5% |
| Operating profit (loss) | 9901 | €3,434 | €17,647 | +€14,213 | +413.9% |
| Financial income | 75/76B | €1,484 | €781 | -€702 | -47.3% |
| Recurring financial income | 75 | €1,484 | €781 | -€702 | -47.3% |
| Financial charges | 65/66B | €2,878 | €2,509 | -€370 | -12.8% |
| Recurring financial charges | 65 | €2,878 | €2,509 | -€370 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €2,039 | €15,920 | +€13,881 | +680.8% |
| Income taxes | 67/77 | €1,600 | €4,390 | +€2,790 | +174.4% |
| Profit (loss) for the period | 9904 | €439 | €11,530 | +€11,091 | +2526.6% |
| Profit (loss) for the period to be appropriated | 9905 | €439 | €11,530 | +€11,091 | +2526.6% |
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.