A9 DESIGN: 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.
A9 DESIGN
Largest movements
- Cash -€30,179
down €30,179 (-35.9%), from €83,983 to €53,804
mainly Contributions, distributions and other (-€31,176) and Investment in fixed assets (net) (-€10,612)
- Tangible fixed assets +€5,329
up €5,329 (+40.9%), from €13,028 to €18,357
of which Land and buildings: +€6,937
- Financial fixed assets -€3,000
down €3,000 (-78.1%), from €3,840 to €840
- Deferred charges and accrued income +€2,826
up €2,826 (+161%), from €1,754 to €4,580
- Receivables within one year -€2,337
down €2,337 (-5.5%), from €42,299 to €39,962
of which Other amounts receivable: -€4,795
- Reserves -€11,000
down €11,000 (-12.9%), from €85,000 to €74,000
- Other debts -€9,465
down €9,465 (-26.5%), from €35,650 to €26,185
- Accrued charges and deferred income -€6,780
no longer reported in 2025 (was €6,780)
- Tax, wage and social debts +€2,204
up €2,204 (+42.6%), from €5,173 to €7,378
- Gross operating margin -€8,064
down €8,064 (-16.5%), from €48,728 to €40,664
- Depreciation -€1,831
down €1,831 (-18.1%), from €10,113 to €8,282
- Other operating charges +€1,271
up €1,271 (+42.5%), from €2,992 to €4,263
- Taxes -€1,005
down €1,005 (-11.1%), from €9,089 to €8,085
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 | €144,904 | €117,543 | -€27,361 | -18.9% |
| Fixed assets | 21/28 | €16,868 | €19,197 | +€2,329 | +13.8% |
| Tangible fixed assets | 22/27 | €13,028 | €18,357 | +€5,329 | +40.9% |
| Land and buildings | 22 | - | €6,937 | +€6,937 | |
| Plant, machinery and equipment | 23 | €1,416 | - | -€1,416 | |
| Furniture and vehicles | 24 | €11,613 | €11,421 | -€192 | -1.7% |
| Financial fixed assets | 28 | €3,840 | €840 | -€3,000 | -78.1% |
| Current assets | 29/58 | €128,036 | €98,346 | -€29,690 | -23.2% |
| Amounts receivable within one year | 40/41 | €42,299 | €39,962 | -€2,337 | -5.5% |
| Trade receivables | 40 | €27,824 | €30,282 | +€2,458 | +8.8% |
| Other amounts receivable | 41 | €14,475 | €9,679 | -€4,795 | -33.1% |
| Cash at bank and in hand | 54/58 | €83,983 | €53,804 | -€30,179 | -35.9% |
| Deferred charges and accrued income | 490/1 | €1,754 | €4,580 | +€2,826 | +161% |
| Total equity and liabilities | 10/49 | €144,904 | €117,543 | -€27,361 | -18.9% |
| Equity | 10/15 | €92,115 | €79,937 | -€12,178 | -13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €74,000 | -€11,000 | -12.9% |
| Distributable reserves | 133 | €85,000 | €74,000 | -€11,000 | -12.9% |
| Profit (loss) carried forward | 14 | €2,115 | €937 | -€1,178 | -55.7% |
| Amounts payable | 17/49 | €52,788 | €37,606 | -€15,183 | -28.8% |
| Amounts payable within one year | 42/48 | €46,008 | €37,606 | -€8,403 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €2,898 | €2,932 | +€33 | +1.2% |
| Trade debts | 44 | €2,287 | €1,111 | -€1,176 | -51.4% |
| Suppliers | 440/4 | €2,287 | €1,111 | -€1,176 | -51.4% |
| Taxes, remuneration and social security | 45 | €5,173 | €7,378 | +€2,204 | +42.6% |
| Taxes | 450/3 | €5,173 | €7,378 | +€2,204 | +42.6% |
| Other amounts payable | 47/48 | €35,650 | €26,185 | -€9,465 | -26.5% |
| Accrued charges and deferred income | 492/3 | €6,780 | - | -€6,780 | |
| Non-recurring operating income | 76A | €1,851 | - | -€1,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,113 | €8,282 | -€1,831 | -18.1% |
| Other operating charges | 640/8 | €2,992 | €4,263 | +€1,271 | +42.5% |
| Gross operating margin | 9900 | €48,728 | €40,664 | -€8,064 | -16.5% |
| Operating profit (loss) | 9901 | €35,623 | €28,118 | -€7,504 | -21.1% |
| Financial income | 75/76B | €19 | €0 | -€19 | -99.8% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -99.8% |
| Financial charges | 65/66B | €744 | €1,035 | +€291 | +39.1% |
| Recurring financial charges | 65 | €744 | €1,035 | +€291 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €34,897 | €27,083 | -€7,815 | -22.4% |
| Income taxes | 67/77 | €9,089 | €8,085 | -€1,005 | -11.1% |
| Profit (loss) for the period | 9904 | €25,808 | €18,998 | -€6,810 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,808 | €18,998 | -€6,810 | -26.4% |
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 14 October 2026 via checked.be.