9K Capital: 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.
9K Capital
Largest movements
- Tangible fixed assets +€350,383
up €350,383 (+52,984%), from €661 to €351,044
of which Land and buildings: +€319,884
- Cash +€53,010
up €53,010 (+46.4%), from €114,159 to €167,169
mainly Net result for the year (+€323,934) and Tax, wage and social debts (+€115,719)
- Receivables within one year +€40,846
up €40,846 (+104%), from €39,093 to €79,939
of which Trade receivables: +€41,046
- Reserves +€323,934
up €323,934 (+340%), from €95,334 to €419,268
- Tax, wage and social debts +€115,719
up €115,719 (+257%), from €45,110 to €160,829
- Other debts +€8,279
up €8,279 (+123%), from €6,755 to €15,035
- Gross operating margin +€337,977
up €337,977 (+261%), from €129,707 to €467,684
- Taxes +€71,830
up €71,830 (+272%), from €26,393 to €98,223
- Depreciation +€23,072
up €23,072 (+521%), from €4,429 to €27,501
- Financial charges +€13,653
up €13,653 (+415%), from €3,293 to €16,946
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.
Derived cash bridge
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 | €157,743 | €605,955 | +€448,212 | +284% |
| Fixed assets | 21/28 | €661 | €351,044 | +€350,383 | +52,984% |
| Tangible fixed assets | 22/27 | €661 | €351,044 | +€350,383 | +52,984% |
| Land and buildings | 22 | - | €319,884 | +€319,884 | |
| Plant, machinery and equipment | 23 | €661 | €6,190 | +€5,528 | +836% |
| Furniture and vehicles | 24 | - | €24,970 | +€24,970 | |
| Current assets | 29/58 | €157,082 | €254,911 | +€97,829 | +62.3% |
| Amounts receivable within one year | 40/41 | €39,093 | €79,939 | +€40,846 | +104% |
| Trade receivables | 40 | €38,893 | €79,939 | +€41,046 | +106% |
| Other amounts receivable | 41 | €200 | - | -€200 | |
| Cash at bank and in hand | 54/58 | €114,159 | €167,169 | +€53,010 | +46.4% |
| Deferred charges and accrued income | 490/1 | €3,829 | €7,802 | +€3,973 | +104% |
| Total equity and liabilities | 10/49 | €157,743 | €605,955 | +€448,212 | +284% |
| Equity | 10/15 | €100,334 | €424,268 | +€323,934 | +323% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,334 | €419,268 | +€323,934 | +340% |
| Distributable reserves | 133 | €95,334 | €419,268 | +€323,934 | +340% |
| Amounts payable | 17/49 | €57,409 | €181,687 | +€124,278 | +216% |
| Amounts payable within one year | 42/48 | €56,325 | €180,893 | +€124,567 | +221% |
| Trade debts | 44 | €4,460 | €5,029 | +€569 | +12.8% |
| Suppliers | 440/4 | €4,460 | €5,029 | +€569 | +12.8% |
| Taxes, remuneration and social security | 45 | €45,110 | €160,829 | +€115,719 | +257% |
| Taxes | 450/3 | €45,110 | €160,829 | +€115,719 | +257% |
| Other amounts payable | 47/48 | €6,755 | €15,035 | +€8,279 | +123% |
| Accrued charges and deferred income | 492/3 | €1,083 | €794 | -€290 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,429 | €27,501 | +€23,072 | +521% |
| Other operating charges | 640/8 | €258 | €1,079 | +€821 | +319% |
| Gross operating margin | 9900 | €129,707 | €467,684 | +€337,977 | +261% |
| Operating profit (loss) | 9901 | €125,020 | €439,104 | +€314,083 | +251% |
| Financial charges | 65/66B | €3,293 | €16,946 | +€13,653 | +415% |
| Recurring financial charges | 65 | €3,293 | €16,946 | +€13,653 | +415% |
| Profit (loss) for the period before taxes | 9903 | €121,727 | €422,157 | +€300,430 | +247% |
| Income taxes | 67/77 | €26,393 | €98,223 | +€71,830 | +272% |
| Profit (loss) for the period | 9904 | €95,334 | €323,934 | +€228,600 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €95,334 | €323,934 | +€228,600 | +240% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.