AJWA: 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.
AJWA
Largest movements
- Cash +€19,653
up €19,653 (+116.2%), from €16,915 to €36,568
mainly Net result for the year (+€5,701) and Tax, wage and social debts (+€5,193)
- Tangible fixed assets -€3,550
down €3,550 (-19.6%), from €18,090 to €14,540
of which Plant, machinery and equipment: -€3,113
- Stocks and contracts -€3,450
down €3,450 (-15.0%), from €22,928 to €19,478
- Profit (loss) carried forward +€5,701
up €5,701 (+34.4%), from €16,562 to €22,263
- Tax, wage and social debts +€5,193
up €5,193 (+141.6%), from €3,667 to €8,860
of which Taxes: +€3,193
- Trade debts +€4,117
up €4,117 (+20.7%), from €19,882 to €23,999
- Debts after one year -€2,098
down €2,098 (-25.4%), from €8,254 to €6,156
- Gross operating margin +€24,913
up €24,913 (+203.6%), from €12,235 to €37,148
- Staff costs +€24,000
new in 2025: €24,000
- Turnover +€13,937
up €13,937 (+3.3%), from €424,276 to €438,213
- Purchases and services +€7,024
up €7,024 (+1.7%), from €412,041 to €419,065
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 | €57,933 | €70,586 | +€12,653 | +21.8% |
| Fixed assets | 21/28 | €18,090 | €14,540 | -€3,550 | -19.6% |
| Tangible fixed assets | 22/27 | €18,090 | €14,540 | -€3,550 | -19.6% |
| Plant, machinery and equipment | 23 | €17,633 | €14,520 | -€3,113 | -17.7% |
| Furniture and vehicles | 24 | €457 | €20 | -€437 | -95.6% |
| Current assets | 29/58 | €39,843 | €56,046 | +€16,203 | +40.7% |
| Stocks and contracts in progress | 3 | €22,928 | €19,478 | -€3,450 | -15.0% |
| Stocks | 30/36 | €22,928 | €19,478 | -€3,450 | -15.0% |
| Cash at bank and in hand | 54/58 | €16,915 | €36,568 | +€19,653 | +116.2% |
| Total equity and liabilities | 10/49 | €57,933 | €70,586 | +€12,653 | +21.8% |
| Equity | 10/15 | €18,562 | €24,263 | +€5,701 | +30.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €16,562 | €22,263 | +€5,701 | +34.4% |
| Amounts payable | 17/49 | €39,371 | €46,323 | +€6,952 | +17.7% |
| Amounts payable after more than one year | 17 | €8,254 | €6,156 | -€2,098 | -25.4% |
| Financial debts | 170/4 | €8,254 | €6,156 | -€2,098 | -25.4% |
| Amounts payable within one year | 42/48 | €31,117 | €40,167 | +€9,050 | +29.1% |
| Trade debts | 44 | €19,882 | €23,999 | +€4,117 | +20.7% |
| Suppliers | 440/4 | €19,882 | €23,999 | +€4,117 | +20.7% |
| Taxes, remuneration and social security | 45 | €3,667 | €8,860 | +€5,193 | +141.6% |
| Taxes | 450/3 | €3,667 | €6,860 | +€3,193 | +87.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €7,568 | €7,308 | -€260 | -3.4% |
| Turnover | 70 | €424,276 | €438,213 | +€13,937 | +3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €412,041 | €419,065 | +€7,024 | +1.7% |
| Remuneration, social security and pensions | 62 | - | €24,000 | +€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,550 | €3,550 | = | 0.0% |
| Other operating charges | 640/8 | €2,871 | €1,944 | -€927 | -32.3% |
| Gross operating margin | 9900 | €12,235 | €37,148 | +€24,913 | +203.6% |
| Operating profit (loss) | 9901 | €5,814 | €7,654 | +€1,840 | +31.6% |
| Financial charges | 65/66B | €257 | €53 | -€204 | -79.4% |
| Recurring financial charges | 65 | €257 | €53 | -€204 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €5,557 | €7,601 | +€2,044 | +36.8% |
| Income taxes | 67/77 | - | €1,900 | +€1,900 | |
| Profit (loss) for the period | 9904 | €5,557 | €5,701 | +€144 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,557 | €5,701 | +€144 | +2.6% |
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 2 October 2026 via checked.be.