BE NINE: 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.
BE NINE
Largest movements
- Tangible fixed assets -€38,687
down €38,687 (-5.7%), from €674,836 to €636,150
of which Land and buildings: -€26,460
- Receivables within one year -€32,730
down €32,730 (-68.6%), from €47,704 to €14,974
of which Trade receivables: -€25,724
- Deferred charges and accrued income -€24,100
down €24,100 (-95.3%), from €25,299 to €1,199
- Cash +€13,884
up €13,884 (+52.1%), from €26,632 to €40,516
mainly Depreciation (+€53,508) and Receivables within one year (+€32,730)
- Debts after one year -€20,690
down €20,690 (-4.4%), from €467,870 to €447,179
- Other debts -€18,950
down €18,950 (-7.2%), from €264,120 to €245,170
- Trade debts -€16,857
down €16,857 (-84.8%), from €19,886 to €3,029
of which Bills of exchange payable: -€12,560
- Advances received -€16,807
no longer reported in 2025 (was €16,807)
- Profit (loss) carried forward -€12,524
down €12,524 (-45.4%), from -€27,612 to -€40,136
- Gross operating margin -€8,653
down €8,653 (-9.6%), from €90,416 to €81,763
- Depreciation +€1,773
up €1,773 (+3.4%), from €51,735 to €53,508
- Other operating charges +€1,353
up €1,353 (+147.5%), from €917 to €2,269
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 | €774,611 | €692,979 | -€81,632 | -10.5% |
| Fixed assets | 21/28 | €674,976 | €636,290 | -€38,687 | -5.7% |
| Tangible fixed assets | 22/27 | €674,836 | €636,150 | -€38,687 | -5.7% |
| Land and buildings | 22 | €472,438 | €445,978 | -€26,460 | -5.6% |
| Plant, machinery and equipment | 23 | €101 | - | -€101 | |
| Furniture and vehicles | 24 | €3,631 | €6,593 | +€2,963 | +81.6% |
| Other tangible fixed assets | 26 | €198,667 | €183,578 | -€15,088 | -7.6% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €99,635 | €56,689 | -€42,946 | -43.1% |
| Amounts receivable within one year | 40/41 | €47,704 | €14,974 | -€32,730 | -68.6% |
| Trade receivables | 40 | €40,698 | €14,974 | -€25,724 | -63.2% |
| Other amounts receivable | 41 | €7,006 | - | -€7,006 | |
| Cash at bank and in hand | 54/58 | €26,632 | €40,516 | +€13,884 | +52.1% |
| Deferred charges and accrued income | 490/1 | €25,299 | €1,199 | -€24,100 | -95.3% |
| Total equity and liabilities | 10/49 | €774,611 | €692,979 | -€81,632 | -10.5% |
| Equity | 10/15 | -€25,612 | -€38,136 | -€12,524 | -48.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,612 | -€40,136 | -€12,524 | -45.4% |
| Amounts payable | 17/49 | €800,223 | €731,115 | -€69,108 | -8.6% |
| Amounts payable after more than one year | 17 | €467,870 | €447,179 | -€20,690 | -4.4% |
| Financial debts | 170/4 | €467,870 | €447,179 | -€20,690 | -4.4% |
| Amounts payable within one year | 42/48 | €329,440 | €282,761 | -€46,679 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €20,057 | €20,690 | +€633 | +3.2% |
| Trade debts | 44 | €19,886 | €3,029 | -€16,857 | -84.8% |
| Suppliers | 440/4 | €7,326 | €3,029 | -€4,297 | -58.7% |
| Bills of exchange payable | 441 | €12,560 | - | -€12,560 | |
| Advances received on contracts in progress | 46 | €16,807 | - | -€16,807 | |
| Taxes, remuneration and social security | 45 | €8,570 | €13,872 | +€5,302 | +61.9% |
| Taxes | 450/3 | €8,570 | €13,872 | +€5,302 | +61.9% |
| Other amounts payable | 47/48 | €264,120 | €245,170 | -€18,950 | -7.2% |
| Accrued charges and deferred income | 492/3 | €2,913 | €1,174 | -€1,739 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,735 | €53,508 | +€1,773 | +3.4% |
| Other operating charges | 640/8 | €917 | €2,269 | +€1,353 | +147.5% |
| Gross operating margin | 9900 | €90,416 | €81,763 | -€8,653 | -9.6% |
| Operating profit (loss) | 9901 | €37,764 | €25,985 | -€11,779 | -31.2% |
| Financial income | 75/76B | €109 | €116 | +€7 | +6.7% |
| Recurring financial income | 75 | €109 | €116 | +€7 | +6.7% |
| Financial charges | 65/66B | €37,119 | €37,716 | +€597 | +1.6% |
| Recurring financial charges | 65 | €37,119 | €37,716 | +€597 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €754 | -€11,614 | -€12,368 | |
| Income taxes | 67/77 | €82 | €910 | +€828 | +1010.5% |
| Profit (loss) for the period | 9904 | €672 | -€12,524 | -€13,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €672 | -€12,524 | -€13,196 |
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 4 October 2026 via checked.be.