9MM: 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.
9MM
Largest movements
- Cash +€3,581
up €3,581 (+2191.5%), from €163 to €3,745
mainly Debts after one year (+€19,792) and Trade debts (+€17,409)
- Receivables within one year -€2,149
down €2,149 (-82.5%), from €2,605 to €457
- Tangible fixed assets +€500
up €500 (+15.2%), from €3,287 to €3,786
of which Other tangible fixed assets: +€1,634
- Intangible fixed assets -€228
no longer reported in 2025 (was €228)
- Profit (loss) carried forward -€48,879
down €48,879 (-154.8%), from -€31,579 to -€80,458
- Debts after one year +€19,792
up €19,792 (+65.5%), from €30,208 to €50,000
- Trade debts +€17,409
up €17,409 (+808.1%), from €2,154 to €19,563
- Tax, wage and social debts +€11,671
new in 2025: €11,671
of which Remuneration and social security: +€11,410
- Other debts +€1,712
new in 2025: €1,712
- Staff costs +€51,293
new in 2025: €51,293
- Gross operating margin +€12,352
up €12,352, from -€7,844 to €4,507
- Other operating charges +€176
up €176 (+4185.7%), from €4 to €180
- Depreciation +€82
up €82 (+4.8%), from €1,683 to €1,764
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 | €6,284 | €7,988 | +€1,704 | +27.1% |
| Fixed assets | 21/28 | €3,515 | €3,786 | +€272 | +7.7% |
| Intangible fixed assets | 21 | €228 | - | -€228 | |
| Tangible fixed assets | 22/27 | €3,287 | €3,786 | +€500 | +15.2% |
| Furniture and vehicles | 24 | €3,151 | €2,017 | -€1,134 | -36.0% |
| Other tangible fixed assets | 26 | €135 | €1,769 | +€1,634 | +1207.2% |
| Current assets | 29/58 | €2,769 | €4,202 | +€1,433 | +51.7% |
| Amounts receivable within one year | 40/41 | €2,605 | €457 | -€2,149 | -82.5% |
| Other amounts receivable | 41 | €2,605 | €457 | -€2,149 | -82.5% |
| Cash at bank and in hand | 54/58 | €163 | €3,745 | +€3,581 | +2191.5% |
| Total equity and liabilities | 10/49 | €6,284 | €7,988 | +€1,704 | +27.1% |
| Equity | 10/15 | -€26,079 | -€74,958 | -€48,879 | -187.4% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,579 | -€80,458 | -€48,879 | -154.8% |
| Amounts payable | 17/49 | €32,362 | €82,946 | +€50,584 | +156.3% |
| Amounts payable after more than one year | 17 | €30,208 | €50,000 | +€19,792 | +65.5% |
| Other amounts payable | 178/9 | €30,208 | €50,000 | +€19,792 | +65.5% |
| Amounts payable within one year | 42/48 | €2,154 | €32,946 | +€30,792 | +1429.2% |
| Trade debts | 44 | €2,154 | €19,563 | +€17,409 | +808.1% |
| Suppliers | 440/4 | €2,154 | €19,563 | +€17,409 | +808.1% |
| Taxes, remuneration and social security | 45 | - | €11,671 | +€11,671 | |
| Taxes | 450/3 | - | €261 | +€261 | |
| Remuneration and social security | 454/9 | - | €11,410 | +€11,410 | |
| Other amounts payable | 47/48 | - | €1,712 | +€1,712 | |
| Remuneration, social security and pensions | 62 | - | €51,293 | +€51,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,683 | €1,764 | +€82 | +4.8% |
| Other operating charges | 640/8 | €4 | €180 | +€176 | +4185.7% |
| Gross operating margin | 9900 | -€7,844 | €4,507 | +€12,352 | |
| Operating profit (loss) | 9901 | -€9,531 | -€48,730 | -€39,198 | -411.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,666 | -€48,879 | -€39,213 | -405.7% |
| Profit (loss) for the period | 9904 | -€9,666 | -€48,879 | -€39,213 | -405.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,666 | -€48,879 | -€39,213 | -405.7% |
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 8 October 2026 via checked.be.