9to5: 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.
9to5
Largest movements
- Cash -€23,482
down €23,482 (-47.2%), from €49,733 to €26,252
mainly Contributions, distributions and other (-€47,337) and Receivables within one year (-€14,345)
- Receivables within one year +€14,345
up €14,345 (+43.3%), from €33,093 to €47,438
of which Trade receivables: +€9,800
- Tangible fixed assets -€12,410
down €12,410 (-59.8%), from €20,758 to €8,348
of which Furniture and vehicles: -€12,218
- Deferred charges and accrued income -€2,818
down €2,818 (-30.8%), from €9,159 to €6,340
- Reserves -€44,739
down €44,739 (-35.6%), from €125,666 to €80,927
- Other debts +€19,396
up €19,396 (+23.1%), from €84,074 to €103,471
- Accrued charges and deferred income +€4,324
new in 2025: €4,324
- Tax, wage and social debts -€3,282
down €3,282 (-50.3%), from €6,528 to €3,246
- Gross operating margin +€2,602
up €2,602 (+15.9%), from €16,358 to €18,960
- Financial charges -€777
down €777 (-14.7%), from €5,298 to €4,521
- Taxes +€729
up €729 (+38.2%), from €1,907 to €2,636
- Other operating charges +€611
up €611 (+131.1%), from €466 to €1,078
- Depreciation +€303
up €303 (+2.5%), from €12,107 to €12,410
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 | €229,743 | €205,378 | -€24,365 | -10.6% |
| Fixed assets | 21/28 | €38,758 | €26,348 | -€12,410 | -32.0% |
| Tangible fixed assets | 22/27 | €20,758 | €8,348 | -€12,410 | -59.8% |
| Plant, machinery and equipment | 23 | €529 | €336 | -€193 | -36.4% |
| Furniture and vehicles | 24 | €20,229 | €8,012 | -€12,218 | -60.4% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €190,985 | €179,030 | -€11,955 | -6.3% |
| Amounts receivable after more than one year | 29 | €99,000 | €99,000 | = | 0.0% |
| Trade receivables | 290 | €99,000 | €99,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,093 | €47,438 | +€14,345 | +43.3% |
| Trade receivables | 40 | €28,586 | €38,387 | +€9,800 | +34.3% |
| Other amounts receivable | 41 | €4,507 | €9,052 | +€4,545 | +100.8% |
| Cash at bank and in hand | 54/58 | €49,733 | €26,252 | -€23,482 | -47.2% |
| Deferred charges and accrued income | 490/1 | €9,159 | €6,340 | -€2,818 | -30.8% |
| Total equity and liabilities | 10/49 | €229,743 | €205,378 | -€24,365 | -10.6% |
| Equity | 10/15 | €138,066 | €93,327 | -€44,739 | -32.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125,666 | €80,927 | -€44,739 | -35.6% |
| Distributable reserves | 133 | €125,666 | €80,927 | -€44,739 | -35.6% |
| Amounts payable | 17/49 | €91,677 | €112,051 | +€20,374 | +22.2% |
| Amounts payable within one year | 42/48 | €91,677 | €107,727 | +€16,050 | +17.5% |
| Financial debts | 43 | €94 | €49 | -€45 | -47.9% |
| Credit institutions | 430/8 | €94 | €49 | -€45 | -47.9% |
| Trade debts | 44 | €981 | €962 | -€19 | -1.9% |
| Suppliers | 440/4 | €981 | €962 | -€19 | -1.9% |
| Taxes, remuneration and social security | 45 | €6,528 | €3,246 | -€3,282 | -50.3% |
| Taxes | 450/3 | €6,528 | €3,246 | -€3,282 | -50.3% |
| Other amounts payable | 47/48 | €84,074 | €103,471 | +€19,396 | +23.1% |
| Accrued charges and deferred income | 492/3 | - | €4,324 | +€4,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,107 | €12,410 | +€303 | +2.5% |
| Other operating charges | 640/8 | €466 | €1,078 | +€611 | +131.1% |
| Gross operating margin | 9900 | €16,358 | €18,960 | +€2,602 | +15.9% |
| Operating profit (loss) | 9901 | €3,785 | €5,472 | +€1,687 | +44.6% |
| Financial income | 75/76B | €4,404 | €4,284 | -€121 | -2.7% |
| Recurring financial income | 75 | €4,404 | €4,284 | -€121 | -2.7% |
| Financial charges | 65/66B | €5,298 | €4,521 | -€777 | -14.7% |
| Recurring financial charges | 65 | €5,298 | €4,521 | -€777 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €2,891 | €5,234 | +€2,344 | +81.1% |
| Income taxes | 67/77 | €1,907 | €2,636 | +€729 | +38.2% |
| Profit (loss) for the period | 9904 | €984 | €2,598 | +€1,614 | +164.1% |
| Profit (loss) for the period to be appropriated | 9905 | €984 | €2,598 | +€1,614 | +164.1% |
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 5 October 2026 via checked.be.