AMJAD: 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.
AMJAD
Largest movements
- Tangible fixed assets +€12,095
new in 2025: €12,095
- Cash +€11,873
up €11,873 (+414.0%), from €2,868 to €14,741
mainly Debts after one year (+€11,888) and Current portion of long-term debt (+€9,662)
- Receivables within one year -€7,159
down €7,159 (-67.0%), from €10,685 to €3,525
- Stocks and contracts +€3,981
up €3,981 (+38.8%), from €10,251 to €14,232
- Trade debts -€13,681
down €13,681 (-79.2%), from €17,285 to €3,604
- Debts after one year +€11,888
new in 2025: €11,888
- Current portion of long-term debt +€9,662
new in 2025: €9,662
- Profit (loss) carried forward +€5,647
up €5,647, from -€4,246 to €1,401
- Other debts +€4,295
new in 2025: €4,295
- Turnover +€100,606
up €100,606 (+121.4%), from €82,873 to €183,479
- Purchases and services +€67,231
up €67,231 (+77.2%), from €87,119 to €154,350
- Gross operating margin +€33,375
up €33,375, from -€4,246 to €29,130
- Staff costs +€18,521
new in 2025: €18,521
- Other operating charges +€2,882
new in 2025: €2,882
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 | €23,803 | €44,592 | +€20,789 | +87.3% |
| Fixed assets | 21/28 | - | €12,095 | +€12,095 | |
| Tangible fixed assets | 22/27 | - | €12,095 | +€12,095 | |
| Furniture and vehicles | 24 | - | €12,095 | +€12,095 | |
| Current assets | 29/58 | €23,803 | €32,498 | +€8,694 | +36.5% |
| Stocks and contracts in progress | 3 | €10,251 | €14,232 | +€3,981 | +38.8% |
| Stocks | 30/36 | €10,251 | €14,232 | +€3,981 | +38.8% |
| Amounts receivable within one year | 40/41 | €10,685 | €3,525 | -€7,159 | -67.0% |
| Other amounts receivable | 41 | €10,685 | €3,525 | -€7,159 | -67.0% |
| Cash at bank and in hand | 54/58 | €2,868 | €14,741 | +€11,873 | +414.0% |
| Total equity and liabilities | 10/49 | €23,803 | €44,592 | +€20,789 | +87.3% |
| Equity | 10/15 | €4,754 | €10,401 | +€5,647 | +118.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,246 | €1,401 | +€5,647 | |
| Amounts payable | 17/49 | €19,049 | €34,191 | +€15,142 | +79.5% |
| Amounts payable after more than one year | 17 | - | €11,888 | +€11,888 | |
| Financial debts | 170/4 | - | €11,888 | +€11,888 | |
| Amounts payable within one year | 42/48 | €19,049 | €22,303 | +€3,254 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,662 | +€9,662 | |
| Trade debts | 44 | €17,285 | €3,604 | -€13,681 | -79.2% |
| Suppliers | 440/4 | €17,285 | €3,604 | -€13,681 | -79.2% |
| Taxes, remuneration and social security | 45 | €1,764 | €4,742 | +€2,978 | +168.8% |
| Taxes | 450/3 | €1,764 | €4,742 | +€2,978 | +168.8% |
| Other amounts payable | 47/48 | - | €4,295 | +€4,295 | |
| Turnover | 70 | €82,873 | €183,479 | +€100,606 | +121.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €87,119 | €154,350 | +€67,231 | +77.2% |
| Remuneration, social security and pensions | 62 | - | €18,521 | +€18,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,805 | +€1,805 | |
| Other operating charges | 640/8 | - | €2,882 | +€2,882 | |
| Gross operating margin | 9900 | -€4,246 | €29,130 | +€33,375 | |
| Operating profit (loss) | 9901 | -€4,246 | €5,922 | +€10,168 | |
| Financial charges | 65/66B | €0 | €275 | +€275 | +274930.0% |
| Recurring financial charges | 65 | €0 | €275 | +€275 | +274930.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,246 | €5,647 | +€9,893 | |
| Profit (loss) for the period | 9904 | -€4,246 | €5,647 | +€9,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,246 | €5,647 | +€9,893 |
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 30 September 2026 via checked.be.