A9Consulting: 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.
What changed
A9Consulting
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€870
2024 · €614+€255
Equity
€495,683
2024 · €494,813+€870
Cash
€47,779
2024 · €37,343+€10,436
Balance sheet total
€3.0m
2024 · €2.9m+€84,617
Largest movements
Assets
- Receivables after one year +€37,077
up €37,077 (+5.8%), from €644,131 to €681,208
- Receivables within one year +€33,768
up €33,768 (+49.0%), from €68,857 to €102,625
of which Trade receivables: +€35,688
Equity and liabilities
- Trade debts +€68,001
up €68,001 (+174.4%), from €38,987 to €106,988
Income statement
- Write-downs -€100,434
down €100,434 (-100.0%), from €100,434 to €0
- Gross operating margin -€79,583
down €79,583 (-64.4%), from €123,569 to €43,986
- Financial income -€12,588
down €12,588 (-28.5%), from €44,181 to €31,594
- Depreciation +€6,118
up €6,118 (+18.2%), from €33,649 to €39,767
- Other operating charges +€2,189
up €2,189 (+45.7%), from €4,787 to €6,976
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.
Result 2024
€614
Gross operating margin
-€79,583
Depreciation
-€6,118
Write-downs
+€100,434
Other operating charges
-€2,189
Financial income
-€12,588
Financial charges
-€384
Taxes
+€682
Result 2025
€870
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.
From operations
+€30,763
Investment
-€42,471
Financing
+€22,143
Cash 2024
€37,343
From operations (derived)
+€30,763
Net result for the year
+€870
Depreciation
+€39,767
Receivables after one year
-€37,077
Receivables within one year
-€33,768
Deferred charges and accrued income
-€632
Trade debts
+€68,001
Tax, wage and social debts
-€19,998
Other debts
+€14,063
Accrued charges and deferred income
-€462
Investment (derived)
-€42,471
Investment in fixed assets (net)
-€42,471
Financing
+€22,143
Debts after one year
+€17,273
Current portion of long-term debt
+€4,870
Cash 2025
€47,779
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,879,934 | €2,964,550 | +€84,617 | +2.9% |
| Fixed assets | 21/28 | €2,129,603 | €2,132,306 | +€2,704 | +0.1% |
| Tangible fixed assets | 22/27 | €454,151 | €456,854 | +€2,704 | +0.6% |
| Land and buildings | 22 | €421,108 | €434,450 | +€13,342 | +3.2% |
| Furniture and vehicles | 24 | €33,043 | €22,404 | -€10,639 | -32.2% |
| Financial fixed assets | 28 | €1,675,452 | €1,675,452 | = | 0.0% |
| Current assets | 29/58 | €750,331 | €832,244 | +€81,913 | +10.9% |
| Amounts receivable after more than one year | 29 | €644,131 | €681,208 | +€37,077 | +5.8% |
| Other amounts receivable | 291 | €644,131 | €681,208 | +€37,077 | +5.8% |
| Amounts receivable within one year | 40/41 | €68,857 | €102,625 | +€33,768 | +49.0% |
| Trade receivables | 40 | €48,746 | €84,434 | +€35,688 | +73.2% |
| Other amounts receivable | 41 | €20,111 | €18,191 | -€1,920 | -9.5% |
| Cash at bank and in hand | 54/58 | €37,343 | €47,779 | +€10,436 | +27.9% |
| Deferred charges and accrued income | 490/1 | - | €632 | +€632 | |
| Total equity and liabilities | 10/49 | €2,879,934 | €2,964,550 | +€84,617 | +2.9% |
| Equity | 10/15 | €494,813 | €495,683 | +€870 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474,353 | €475,223 | +€870 | +0.2% |
| Amounts payable | 17/49 | €2,385,121 | €2,468,868 | +€83,747 | +3.5% |
| Amounts payable after more than one year | 17 | €2,206,981 | €2,224,254 | +€17,273 | +0.8% |
| Financial debts | 170/4 | €305,531 | €305,270 | -€261 | -0.1% |
| Other amounts payable | 178/9 | €1,901,450 | €1,918,984 | +€17,534 | +0.9% |
| Amounts payable within one year | 42/48 | €177,390 | €244,326 | +€66,936 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €47,017 | €51,887 | +€4,870 | +10.4% |
| Trade debts | 44 | €38,987 | €106,988 | +€68,001 | +174.4% |
| Suppliers | 440/4 | €38,987 | €106,988 | +€68,001 | +174.4% |
| Taxes, remuneration and social security | 45 | €56,386 | €36,388 | -€19,998 | -35.5% |
| Taxes | 450/3 | €56,386 | €36,388 | -€19,998 | -35.5% |
| Other amounts payable | 47/48 | €35,000 | €49,063 | +€14,063 | +40.2% |
| Accrued charges and deferred income | 492/3 | €750 | €288 | -€462 | -61.6% |
| Non-recurring operating income | 76A | - | €9,854 | +€9,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,649 | €39,767 | +€6,118 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,434 | €0 | -€100,434 | -100.0% |
| Other operating charges | 640/8 | €4,787 | €6,976 | +€2,189 | +45.7% |
| Gross operating margin | 9900 | €123,569 | €43,986 | -€79,583 | -64.4% |
| Operating profit (loss) | 9901 | -€15,301 | -€2,757 | +€12,545 | +82.0% |
| Financial income | 75/76B | €44,181 | €31,594 | -€12,588 | -28.5% |
| Recurring financial income | 75 | €44,181 | €31,594 | -€12,588 | -28.5% |
| Financial charges | 65/66B | €19,084 | €19,467 | +€384 | +2.0% |
| Recurring financial charges | 65 | €19,084 | €19,467 | +€384 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €9,796 | €9,370 | -€427 | -4.4% |
| Income taxes | 67/77 | €9,182 | €8,500 | -€682 | -7.4% |
| Profit (loss) for the period | 9904 | €614 | €870 | +€255 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €614 | €870 | +€255 | +41.6% |
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 7 October 2026 via checked.be.