24NINE: 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.
24NINE
Largest movements
- Receivables after one year +€10,000
up €10,000 (+9.8%), from €102,000 to €112,000
- Receivables within one year -€9,493
down €9,493 (-34.0%), from €27,912 to €18,419
of which Trade receivables: -€10,506
- Cash +€3,862
up €3,862 (+604.4%), from €639 to €4,501
mainly Net result for the year (+€16,937) and Receivables within one year (+€9,493)
- Tangible fixed assets +€2,453
up €2,453 (+19.3%), from €12,681 to €15,134
of which Plant, machinery and equipment: +€4,055
- Reserves +€16,104
up €16,104 (+19.6%), from €82,256 to €98,359
- Tax, wage and social debts -€5,668
down €5,668 (-22.6%), from €25,054 to €19,387
of which Taxes: -€5,668
- Other debts -€5,654
down €5,654 (-82.9%), from €6,819 to €1,166
- Debts after one year +€4,299
new in 2025: €4,299
- Trade debts -€3,548
down €3,548 (-44.3%), from €8,012 to €4,464
- Gross operating margin -€11,185
down €11,185 (-25.9%), from €43,241 to €32,055
- Taxes -€3,786
down €3,786 (-30.1%), from €12,596 to €8,811
- Financial charges +€1,324
up €1,324 (+104.6%), from €1,266 to €2,591
- Other operating charges -€582
down €582 (-32.0%), from €1,820 to €1,238
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 | €143,232 | €150,055 | +€6,822 | +4.8% |
| Fixed assets | 21/28 | €12,681 | €15,134 | +€2,453 | +19.3% |
| Tangible fixed assets | 22/27 | €12,681 | €15,134 | +€2,453 | +19.3% |
| Plant, machinery and equipment | 23 | €4,862 | €8,917 | +€4,055 | +83.4% |
| Furniture and vehicles | 24 | €7,819 | €6,218 | -€1,602 | -20.5% |
| Current assets | 29/58 | €130,551 | €134,920 | +€4,369 | +3.3% |
| Amounts receivable after more than one year | 29 | €102,000 | €112,000 | +€10,000 | +9.8% |
| Other amounts receivable | 291 | €102,000 | €112,000 | +€10,000 | +9.8% |
| Amounts receivable within one year | 40/41 | €27,912 | €18,419 | -€9,493 | -34.0% |
| Trade receivables | 40 | €27,658 | €17,152 | -€10,506 | -38.0% |
| Other amounts receivable | 41 | €254 | €1,268 | +€1,013 | +398.6% |
| Cash at bank and in hand | 54/58 | €639 | €4,501 | +€3,862 | +604.4% |
| Total equity and liabilities | 10/49 | €143,232 | €150,055 | +€6,822 | +4.8% |
| Equity | 10/15 | €100,856 | €116,959 | +€16,104 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,256 | €98,359 | +€16,104 | +19.6% |
| Distributable reserves | 133 | €82,256 | €98,359 | +€16,104 | +19.6% |
| Amounts payable | 17/49 | €42,377 | €33,095 | -€9,282 | -21.9% |
| Amounts payable after more than one year | 17 | - | €4,299 | +€4,299 | |
| Financial debts | 170/4 | - | €4,299 | +€4,299 | |
| Amounts payable within one year | 42/48 | €42,377 | €28,796 | -€13,581 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,441 | +€3,441 | |
| Financial debts | 43 | €2,491 | €338 | -€2,153 | -86.4% |
| Credit institutions | 430/8 | €2,491 | €338 | -€2,153 | -86.4% |
| Trade debts | 44 | €8,012 | €4,464 | -€3,548 | -44.3% |
| Suppliers | 440/4 | €8,012 | €4,464 | -€3,548 | -44.3% |
| Taxes, remuneration and social security | 45 | €25,054 | €19,387 | -€5,668 | -22.6% |
| Taxes | 450/3 | €22,814 | €17,147 | -€5,668 | -24.8% |
| Remuneration and social security | 454/9 | €2,240 | €2,240 | = | 0.0% |
| Other amounts payable | 47/48 | €6,819 | €1,166 | -€5,654 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,169 | €4,914 | -€255 | -4.9% |
| Other operating charges | 640/8 | €1,820 | €1,238 | -€582 | -32.0% |
| Non-recurring operating charges | 66A | - | €926 | +€926 | |
| Gross operating margin | 9900 | €43,241 | €32,055 | -€11,185 | -25.9% |
| Operating profit (loss) | 9901 | €36,252 | €24,978 | -€11,275 | -31.1% |
| Financial income | 75/76B | €3,060 | €3,361 | +€301 | +9.8% |
| Recurring financial income | 75 | €3,060 | €3,361 | +€301 | +9.8% |
| Financial charges | 65/66B | €1,266 | €2,591 | +€1,324 | +104.6% |
| Recurring financial charges | 65 | €1,266 | €2,591 | +€1,324 | +104.6% |
| Profit (loss) for the period before taxes | 9903 | €38,046 | €25,748 | -€12,298 | -32.3% |
| Income taxes | 67/77 | €12,596 | €8,811 | -€3,786 | -30.1% |
| Profit (loss) for the period | 9904 | €25,450 | €16,937 | -€8,513 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,450 | €16,937 | -€8,513 | -33.4% |
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.