N9: 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.
N9
Largest movements
- Tangible fixed assets -€4,066
down €4,066 (-24.2%), from €16,778 to €12,713
- Cash +€1,590
up €1,590 (+53.0%), from €2,999 to €4,589
mainly Other debts (+€5,000) and Depreciation (+€4,066)
- Deferred charges and accrued income -€1,394
down €1,394 (-76.7%), from €1,818 to €424
- Receivables within one year -€400
down €400 (-61.5%), from €650 to €250
of which Trade receivables: -€400
- Profit (loss) carried forward -€9,614
down €9,614 (-10.6%), from -€90,567 to -€100,181
- Other debts +€5,000
up €5,000 (+5.3%), from €93,505 to €98,505
- Tax, wage and social debts +€885
up €885 (+1,261%), from €70 to €955
- Trade debts -€636
down €636 (-100%), from €636 to €0
- Gross operating margin -€1,637
down €1,637 (-58.7%), from -€2,789 to -€4,426
- Depreciation -€907
down €907 (-18.2%), from €4,972 to €4,066
- Other operating charges +€791
up €791 (+563%), from €141 to €931
- Financial income -€450
down €450 (-100%), from €450 to €0
- Financial charges +€52
up €52 (+37.7%), from €139 to €191
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 | €22,245 | €17,975 | -€4,269 | -19.2% |
| Fixed assets | 21/28 | €16,778 | €12,713 | -€4,066 | -24.2% |
| Tangible fixed assets | 22/27 | €16,778 | €12,713 | -€4,066 | -24.2% |
| Other tangible fixed assets | 26 | €16,778 | €12,713 | -€4,066 | -24.2% |
| Current assets | 29/58 | €5,467 | €5,263 | -€204 | -3.7% |
| Amounts receivable within one year | 40/41 | €650 | €250 | -€400 | -61.5% |
| Trade receivables | 40 | €650 | €250 | -€400 | -61.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,999 | €4,589 | +€1,590 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,818 | €424 | -€1,394 | -76.7% |
| Total equity and liabilities | 10/49 | €22,245 | €17,975 | -€4,269 | -19.2% |
| Equity | 10/15 | -€71,967 | -€81,581 | -€9,614 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,567 | -€100,181 | -€9,614 | -10.6% |
| Amounts payable | 17/49 | €94,212 | €99,556 | +€5,344 | +5.7% |
| Amounts payable within one year | 42/48 | €94,212 | €99,460 | +€5,249 | +5.6% |
| Trade debts | 44 | €636 | €0 | -€636 | -100% |
| Suppliers | 440/4 | €636 | €0 | -€636 | -100% |
| Taxes, remuneration and social security | 45 | €70 | €955 | +€885 | +1,261% |
| Taxes | 450/3 | €70 | €955 | +€885 | +1,261% |
| Other amounts payable | 47/48 | €93,505 | €98,505 | +€5,000 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,972 | €4,066 | -€907 | -18.2% |
| Other operating charges | 640/8 | €141 | €931 | +€791 | +563% |
| Gross operating margin | 9900 | -€2,789 | -€4,426 | -€1,637 | -58.7% |
| Operating profit (loss) | 9901 | -€7,901 | -€9,423 | -€1,521 | -19.3% |
| Financial income | 75/76B | €450 | €0 | -€450 | -100% |
| Recurring financial income | 75 | €450 | €0 | -€450 | -100% |
| Financial charges | 65/66B | €139 | €191 | +€52 | +37.7% |
| Recurring financial charges | 65 | €139 | €191 | +€52 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,590 | -€9,614 | -€2,024 | -26.7% |
| Profit (loss) for the period | 9904 | -€7,590 | -€9,614 | -€2,024 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,590 | -€9,614 | -€2,024 | -26.7% |
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 28 October 2026 via checked.be.