9PUNT4: what changed
9PUNT4
Largest movements
- Current investments +€25,000
new in 2025: €25,000
- Cash -€18,189
down €18,189 (-31.9%), from €56,947 to €38,759
mainly Current investments (-€25,000) and Investment in fixed assets (net) (-€18,192)
- Receivables within one year +€13,806
up €13,806 (+77.3%), from €17,856 to €31,662
of which Trade receivables: +€14,330
- Tangible fixed assets -€12,855
down €12,855 (-15.0%), from €85,894 to €73,039
- Stocks and contracts +€9,180
up €9,180 (+509%), from €1,804 to €10,984
of which Stocks: +€7,826
- Reserves +€10,000
up €10,000 (+30.5%), from €32,750 to €42,750
- Tax, wage and social debts +€5,692
up €5,692 (+78.6%), from €7,239 to €12,931
of which Taxes: +€5,484
- Trade debts +€3,575
up €3,575 (+222%), from €1,611 to €5,186
- Gross operating margin +€13,516
up €13,516 (+35.7%), from €37,839 to €51,355
- Taxes +€2,660
up €2,660 (+64.3%), from €4,134 to €6,793
- Depreciation +€1,705
up €1,705 (+6.0%), from €28,243 to €29,948
- Other operating charges +€654
up €654 (+39.9%), from €1,639 to €2,293
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,049 | €192,613 | +€19,564 | +11.3% |
| Fixed assets | 21/28 | €96,442 | €84,686 | -€11,756 | -12.2% |
| Intangible fixed assets | 21 | €10,547 | €11,647 | +€1,099 | +10.4% |
| Tangible fixed assets | 22/27 | €85,894 | €73,039 | -€12,855 | -15.0% |
| Land and buildings | 22 | €53,582 | €50,232 | -€3,350 | -6.3% |
| Furniture and vehicles | 24 | €20,833 | €15,120 | -€5,713 | -27.4% |
| Other tangible fixed assets | 26 | €11,480 | €7,688 | -€3,792 | -33.0% |
| Current assets | 29/58 | €76,607 | €107,927 | +€31,320 | +40.9% |
| Stocks and contracts in progress | 3 | €1,804 | €10,984 | +€9,180 | +509% |
| Stocks | 30/36 | €554 | €8,380 | +€7,826 | +1,413% |
| Contracts in progress | 37 | €1,250 | €2,604 | +€1,354 | +108% |
| Amounts receivable within one year | 40/41 | €17,856 | €31,662 | +€13,806 | +77.3% |
| Trade receivables | 40 | €16,466 | €30,795 | +€14,330 | +87.0% |
| Other amounts receivable | 41 | €1,390 | €866 | -€524 | -37.7% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €56,947 | €38,759 | -€18,189 | -31.9% |
| Deferred charges and accrued income | 490/1 | - | €1,523 | +€1,523 | |
| Total equity and liabilities | 10/49 | €173,049 | €192,613 | +€19,564 | +11.3% |
| Equity | 10/15 | €56,323 | €67,756 | +€11,433 | +20.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,750 | €42,750 | +€10,000 | +30.5% |
| Distributable reserves | 133 | €32,750 | €42,750 | +€10,000 | +30.5% |
| Profit (loss) carried forward | 14 | €3,573 | €5,006 | +€1,433 | +40.1% |
| Amounts payable | 17/49 | €116,726 | €124,857 | +€8,131 | +7.0% |
| Amounts payable within one year | 42/48 | €116,726 | €124,857 | +€8,131 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €431 | - | -€431 | |
| Trade debts | 44 | €1,611 | €5,186 | +€3,575 | +222% |
| Suppliers | 440/4 | €1,611 | €5,186 | +€3,575 | +222% |
| Taxes, remuneration and social security | 45 | €7,239 | €12,931 | +€5,692 | +78.6% |
| Taxes | 450/3 | €1,794 | €7,277 | +€5,484 | +306% |
| Remuneration and social security | 454/9 | €5,445 | €5,654 | +€208 | +3.8% |
| Other amounts payable | 47/48 | €107,445 | €106,740 | -€704 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,243 | €29,948 | +€1,705 | +6.0% |
| Other operating charges | 640/8 | €1,639 | €2,293 | +€654 | +39.9% |
| Gross operating margin | 9900 | €37,839 | €51,355 | +€13,516 | +35.7% |
| Operating profit (loss) | 9901 | €7,957 | €19,114 | +€11,157 | +140% |
| Financial income | 75/76B | €0 | €267 | +€267 | +333,863% |
| Recurring financial income | 75 | €0 | €267 | +€267 | +333,863% |
| Financial charges | 65/66B | €1,416 | €1,155 | -€261 | -18.5% |
| Recurring financial charges | 65 | €1,416 | €1,155 | -€261 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €6,540 | €18,226 | +€11,686 | +179% |
| Income taxes | 67/77 | €4,134 | €6,793 | +€2,660 | +64.3% |
| Profit (loss) for the period | 9904 | €2,407 | €11,433 | +€9,026 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €2,407 | €11,433 | +€9,026 | +375% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.