9altitudes Engineering Solutions: 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.
What changed
9altitudes Engineering Solutions
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.3m
2024 · -€22.9m+€19.6m
Equity
€88,573
2024 · €3.3m-€3.3m
Cash
€10,298
2024 · €3,263+€7,035
Balance sheet total
€35.7m
2024 · €39.1m-€3.3m
Largest movements
Assets
- Financial fixed assets -€2.5m
down €2.5m (-6.5%), from €38.0m to €35.5m
- Receivables within one year -€891,681
down €891,681 (-83.7%), from €1.1m to €173,121
of which Trade receivables: -€912,649
Equity and liabilities
- Profit (loss) carried forward -€3.3m
down €3.3m (-12.7%), from -€25.8m to -€29.1m
Income statement
- Financial charges -€20.4m
down €20.4m (-85.8%), from €23.8m to €3.4m
of which Non-recurring financial charges: -€20.3m
- Financial income +€540,090
new in 2025: €540,090
- Services and other goods +€524,230
up €524,230 (+75.1%), from €697,603 to €1.2m
- Turnover +€83,955
up €83,955 (+11.5%), from €731,889 to €815,844
- Taxes +€26,828
new in 2025: €26,828
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.
Result 2024
-€22.9m
Turnover
+€83,955
Other operating income
-€5,773
Services and other goods
-€524,230
Other operating charges
-€221
Financial income
+€540,090
Financial charges
+€20.4m
Other financial items
-€858,331
Taxes
-€26,828
Result 2025
-€3.3m
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.
From operations
-€2.5m
Investment
+€2.5m
Financing
+€25,536
Cash 2024
€3,263
From operations (derived)
-€2.5m
Net result for the year
-€3.3m
Receivables within one year
+€891,681
Trade debts
-€374,011
Other debts
+€327,029
Accrued charges and deferred income
-€48,500
Investment (derived)
+€2.5m
Investment in fixed assets (net)
+€2.5m
Financing
+€25,536
Debts after one year
-€3,710
Current portion of long-term debt
-€455
Contributions, distributions and other
+€29,700
Cash 2025
€10,298
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,050,583 | €35,700,768 | -€3.3m | -8.6% |
| Fixed assets | 21/28 | €37,982,518 | €35,517,348 | -€2.5m | -6.5% |
| Financial fixed assets | 28 | €37,982,518 | €35,517,348 | -€2.5m | -6.5% |
| Affiliated companies | 280/1 | €37,982,518 | €35,517,348 | -€2.5m | -6.5% |
| Participating interests | 280 | €36,933,048 | €35,517,348 | -€1.4m | -3.8% |
| Amounts receivable | 281 | €1,049,470 | - | -€1.0m | |
| Current assets | 29/58 | €1,068,065 | €183,419 | -€884,646 | -82.8% |
| Amounts receivable within one year | 40/41 | €1,064,802 | €173,121 | -€891,681 | -83.7% |
| Trade receivables | 40 | €1,000,598 | €87,949 | -€912,649 | -91.2% |
| Other amounts receivable | 41 | €64,203 | €85,171 | +€20,968 | +32.7% |
| Cash at bank and in hand | 54/58 | €3,263 | €10,298 | +€7,035 | +215.6% |
| Total equity and liabilities | 10/49 | €39,050,583 | €35,700,768 | -€3.3m | -8.6% |
| Equity | 10/15 | €3,338,741 | €88,573 | -€3.3m | -97.3% |
| Contributions | 10/11 | €29,184,039 | €29,213,739 | +€29,700 | +0.1% |
| Profit (loss) carried forward | 14 | -€25,845,298 | -€29,125,166 | -€3.3m | -12.7% |
| Amounts payable | 17/49 | €35,711,842 | €35,612,195 | -€99,647 | -0.3% |
| Amounts payable after more than one year | 17 | €32,152,228 | €32,148,518 | -€3,710 | 0.0% |
| Financial debts | 170/4 | €28,721,587 | €26,638,537 | -€2.1m | -7.3% |
| Credit institutions | 173 | €24,456,555 | €22,180,515 | -€2.3m | -9.3% |
| Other loans | 174 | €4,265,032 | €4,458,022 | +€192,990 | +4.5% |
| Other amounts payable | 178/9 | €3,430,641 | €5,509,981 | +€2.1m | +60.6% |
| Amounts payable within one year | 42/48 | €3,082,413 | €3,034,975 | -€47,438 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €2,276,951 | €2,276,496 | -€455 | 0.0% |
| Trade debts | 44 | €759,540 | €385,529 | -€374,011 | -49.2% |
| Suppliers | 440/4 | €759,540 | €385,529 | -€374,011 | -49.2% |
| Other amounts payable | 47/48 | €45,922 | €372,951 | +€327,029 | +712.1% |
| Accrued charges and deferred income | 492/3 | €477,201 | €428,701 | -€48,500 | -10.2% |
| Operating income | 70/76A | €742,807 | €820,990 | +€78,183 | +10.5% |
| Turnover | 70 | €731,889 | €815,844 | +€83,955 | +11.5% |
| Other operating income | 74 | €10,918 | €5,146 | -€5,773 | -52.9% |
| Operating charges | 60/66A | €698,725 | €1,223,177 | +€524,452 | +75.1% |
| Services and other goods | 61 | €697,603 | €1,221,833 | +€524,230 | +75.1% |
| Other operating charges | 640/8 | €1,122 | €1,343 | +€221 | +19.7% |
| Operating profit (loss) | 9901 | €44,082 | -€402,187 | -€446,269 | |
| Financial income | 75/76B | - | €540,090 | +€540,090 | |
| Recurring financial income | 75 | €858,332 | €540,090 | -€318,242 | -37.1% |
| Income from financial fixed assets | 750 | €688,437 | €496,078 | -€192,359 | -27.9% |
| Income from current assets | 751 | €169,894 | €44,012 | -€125,882 | -74.1% |
| Financial charges | 65/66B | €23,817,441 | €3,390,943 | -€20.4m | -85.8% |
| Recurring financial charges | 65 | €2,035,441 | €1,916,943 | -€118,498 | -5.8% |
| Debt charges | 650 | €2,035,141 | €1,916,913 | -€118,228 | -5.8% |
| Other financial charges | 652/9 | €300 | €30 | -€270 | -90.0% |
| Non-recurring financial charges | 66B | €21,782,000 | €1,474,000 | -€20.3m | -93.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,915,028 | -€3,253,040 | +€19.7m | +85.8% |
| Income taxes | 67/77 | - | €26,828 | +€26,828 | |
| Taxes | 670/3 | - | €26,828 | +€26,828 | |
| Profit (loss) for the period | 9904 | -€22,915,028 | -€3,279,868 | +€19.6m | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,915,028 | -€3,279,868 | +€19.6m | +85.7% |
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 12 October 2026 via checked.be.