9Nines: 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.
9Nines
Largest movements
- Cash +€120,448
up €120,448 (+51.6%), from €233,425 to €353,873
mainly Other debts (+€190,323) and Net result for the year (+€119,910)
- Receivables within one year -€6,109
down €6,109 (-22.4%), from €27,235 to €21,127
of which Trade receivables: -€7,339
- Other debts +€190,323
up €190,323 (+5234.0%), from €3,636 to €193,959
- Profit (loss) carried forward -€112,490
down €112,490 (-48.4%), from €232,429 to €119,939
- Tax, wage and social debts +€40,496
up €40,496 (+207.2%), from €19,549 to €60,045
of which Taxes: +€34,860
- Short-term financial debts -€5,071
down €5,071 (-97.7%), from €5,192 to €121
- Gross operating margin +€109,982
up €109,982 (+105.4%), from €104,333 to €214,316
- Taxes +€23,948
up €23,948 (+219.9%), from €10,888 to €34,836
- Staff costs +€5,384
up €5,384 (+11.0%), from €48,841 to €54,225
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 | €270,485 | €384,068 | +€113,583 | +42.0% |
| Fixed assets | 21/28 | €6,386 | €5,293 | -€1,093 | -17.1% |
| Tangible fixed assets | 22/27 | €6,286 | €5,193 | -€1,093 | -17.4% |
| Furniture and vehicles | 24 | €6,286 | €5,193 | -€1,093 | -17.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €264,099 | €378,776 | +€114,676 | +43.4% |
| Amounts receivable within one year | 40/41 | €27,235 | €21,127 | -€6,109 | -22.4% |
| Trade receivables | 40 | €26,649 | €19,310 | -€7,339 | -27.5% |
| Other amounts receivable | 41 | €586 | €1,817 | +€1,231 | +210.0% |
| Cash at bank and in hand | 54/58 | €233,425 | €353,873 | +€120,448 | +51.6% |
| Deferred charges and accrued income | 490/1 | €3,439 | €3,776 | +€337 | +9.8% |
| Total equity and liabilities | 10/49 | €270,485 | €384,068 | +€113,583 | +42.0% |
| Equity | 10/15 | €233,429 | €120,939 | -€112,490 | -48.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,429 | €119,939 | -€112,490 | -48.4% |
| Amounts payable | 17/49 | €37,056 | €263,129 | +€226,073 | +610.1% |
| Amounts payable within one year | 42/48 | €36,280 | €262,313 | +€226,033 | +623.0% |
| Financial debts | 43 | €5,192 | €121 | -€5,071 | -97.7% |
| Credit institutions | 430/8 | €5,192 | €121 | -€5,071 | -97.7% |
| Trade debts | 44 | €7,903 | €8,187 | +€284 | +3.6% |
| Suppliers | 440/4 | €7,903 | €8,187 | +€284 | +3.6% |
| Taxes, remuneration and social security | 45 | €19,549 | €60,045 | +€40,496 | +207.2% |
| Taxes | 450/3 | €10,888 | €45,748 | +€34,860 | +320.2% |
| Remuneration and social security | 454/9 | €8,661 | €14,297 | +€5,636 | +65.1% |
| Other amounts payable | 47/48 | €3,636 | €193,959 | +€190,323 | +5234.0% |
| Accrued charges and deferred income | 492/3 | €776 | €816 | +€40 | +5.2% |
| Remuneration, social security and pensions | 62 | €48,841 | €54,225 | +€5,384 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,660 | €2,348 | +€688 | +41.4% |
| Other operating charges | 640/8 | €929 | €955 | +€26 | +2.8% |
| Gross operating margin | 9900 | €104,333 | €214,316 | +€109,982 | +105.4% |
| Operating profit (loss) | 9901 | €52,903 | €156,787 | +€103,884 | +196.4% |
| Financial income | 75/76B | €163 | €11 | -€152 | -93.5% |
| Recurring financial income | 75 | €163 | €11 | -€152 | -93.5% |
| Financial charges | 65/66B | €2,489 | €2,051 | -€438 | -17.6% |
| Recurring financial charges | 65 | €2,489 | €2,051 | -€438 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €50,577 | €154,746 | +€104,170 | +206.0% |
| Income taxes | 67/77 | €10,888 | €34,836 | +€23,948 | +219.9% |
| Profit (loss) for the period | 9904 | €39,689 | €119,910 | +€80,222 | +202.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,689 | €119,910 | +€80,222 | +202.1% |
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 9 October 2026 via checked.be.