FR 9: 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.
FR 9
Largest movements
- Tangible fixed assets +€6,089
up €6,089 (+31.0%), from €19,630 to €25,719
- Cash -€4,744
down €4,744 (-48.0%), from €9,891 to €5,147
mainly Investment in fixed assets (net) (-€10,000) and Trade debts (-€2,738)
- Receivables within one year +€1,331
up €1,331 (+15.7%), from €8,466 to €9,797
of which Trade receivables: +€1,439
- Other debts +€3,091
new in 2025: €3,091
- Trade debts -€2,738
down €2,738 (-57.5%), from €4,766 to €2,027
- Current portion of long-term debt +€1,993
up €1,993 (+34.1%), from €5,838 to €7,830
- Tax, wage and social debts +€887
up €887 (+15.1%), from €5,888 to €6,774
- Debts after one year -€768
down €768 (-13.6%), from €5,646 to €4,878
- Gross operating margin -€4,523
down €4,523 (-42.1%), from €10,731 to €6,208
- Depreciation -€3,563
down €3,563 (-47.7%), from €7,474 to €3,911
- Financial charges +€272
up €272 (+43.1%), from €632 to €904
- Other operating charges +€199
up €199 (+51.3%), from €387 to €586
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 | €37,987 | €40,663 | +€2,676 | +7.0% |
| Fixed assets | 21/28 | €19,630 | €25,719 | +€6,089 | +31.0% |
| Tangible fixed assets | 22/27 | €19,630 | €25,719 | +€6,089 | +31.0% |
| Furniture and vehicles | 24 | €19,630 | €25,719 | +€6,089 | +31.0% |
| Current assets | 29/58 | €18,357 | €14,944 | -€3,413 | -18.6% |
| Amounts receivable within one year | 40/41 | €8,466 | €9,797 | +€1,331 | +15.7% |
| Trade receivables | 40 | €8,358 | €9,797 | +€1,439 | +17.2% |
| Other amounts receivable | 41 | €108 | - | -€108 | |
| Cash at bank and in hand | 54/58 | €9,891 | €5,147 | -€4,744 | -48.0% |
| Total equity and liabilities | 10/49 | €37,987 | €40,663 | +€2,676 | +7.0% |
| Equity | 10/15 | €15,318 | €16,061 | +€744 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,376 | €1,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,376 | €1,376 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,376 | €1,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,742 | €8,486 | +€744 | +9.6% |
| Amounts payable | 17/49 | €22,669 | €24,602 | +€1,933 | +8.5% |
| Amounts payable after more than one year | 17 | €5,646 | €4,878 | -€768 | -13.6% |
| Financial debts | 170/4 | €5,646 | €4,878 | -€768 | -13.6% |
| Amounts payable within one year | 42/48 | €16,491 | €19,723 | +€3,233 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €5,838 | €7,830 | +€1,993 | +34.1% |
| Trade debts | 44 | €4,766 | €2,027 | -€2,738 | -57.5% |
| Suppliers | 440/4 | €4,766 | €2,027 | -€2,738 | -57.5% |
| Taxes, remuneration and social security | 45 | €5,888 | €6,774 | +€887 | +15.1% |
| Taxes | 450/3 | €5,888 | €6,774 | +€887 | +15.1% |
| Other amounts payable | 47/48 | - | €3,091 | +€3,091 | |
| Accrued charges and deferred income | 492/3 | €532 | - | -€532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,474 | €3,911 | -€3,563 | -47.7% |
| Other operating charges | 640/8 | €387 | €586 | +€199 | +51.3% |
| Non-recurring operating charges | 66A | €117 | €63 | -€54 | -45.8% |
| Gross operating margin | 9900 | €10,731 | €6,208 | -€4,523 | -42.1% |
| Operating profit (loss) | 9901 | €2,753 | €1,648 | -€1,105 | -40.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €632 | €904 | +€272 | +43.1% |
| Recurring financial charges | 65 | €632 | €904 | +€272 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €2,122 | €744 | -€1,378 | -65.0% |
| Income taxes | 67/77 | €24 | - | -€24 | |
| Profit (loss) for the period | 9904 | €2,098 | €744 | -€1,354 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,098 | €744 | -€1,354 | -64.6% |
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 15 October 2026 via checked.be.