Nine Concepts: 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.
Nine Concepts
Largest movements
- Deferred charges and accrued income +€17,868
up €17,868 (+918%), from €1,947 to €19,815
- Tangible fixed assets -€11,304
down €11,304 (-20.3%), from €55,560 to €44,257
of which Furniture and vehicles: -€11,942
- Cash -€2,967
down €2,967 (-65.3%), from €4,543 to €1,576
mainly Deferred charges and accrued income (-€17,868) and Investment in fixed assets (net) (-€4,832)
- Tax, wage and social debts +€4,796
up €4,796 (+51.4%), from €9,334 to €14,130
of which Taxes: +€4,796
- Trade debts +€3,883
up €3,883 (+80.6%), from €4,814 to €8,697
- Debts after one year -€2,617
down €2,617 (-100%), from €2,617 to €0
- Current portion of long-term debt -€1,219
down €1,219 (-31.8%), from €3,836 to €2,617
- Gross operating margin +€9,630
up €9,630 (+95.7%), from €10,066 to €19,696
- Other operating charges +€2,378
up €2,378 (+386%), from €616 to €2,993
- Depreciation +€1,223
up €1,223 (+8.2%), from €14,913 to €16,136
- Financial charges +€402
up €402 (+56.9%), from €706 to €1,107
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 | €73,928 | €77,479 | +€3,551 | +4.8% |
| Fixed assets | 21/28 | €55,560 | €44,257 | -€11,304 | -20.3% |
| Tangible fixed assets | 22/27 | €55,560 | €44,257 | -€11,304 | -20.3% |
| Land and buildings | 22 | €7,836 | €6,850 | -€986 | -12.6% |
| Plant, machinery and equipment | 23 | €8,724 | €10,349 | +€1,624 | +18.6% |
| Furniture and vehicles | 24 | €39,000 | €27,058 | -€11,942 | -30.6% |
| Current assets | 29/58 | €18,367 | €33,222 | +€14,855 | +80.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,878 | €11,831 | -€47 | -0.4% |
| Trade receivables | 40 | €11,878 | €6,563 | -€5,315 | -44.7% |
| Other amounts receivable | 41 | €0 | €5,268 | +€5,268 | |
| Cash at bank and in hand | 54/58 | €4,543 | €1,576 | -€2,967 | -65.3% |
| Deferred charges and accrued income | 490/1 | €1,947 | €19,815 | +€17,868 | +918% |
| Total equity and liabilities | 10/49 | €73,928 | €77,479 | +€3,551 | +4.8% |
| Equity | 10/15 | -€16,663 | -€17,202 | -€539 | -3.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€18,663 | -€19,202 | -€539 | -2.9% |
| Amounts payable | 17/49 | €90,590 | €94,680 | +€4,090 | +4.5% |
| Amounts payable after more than one year | 17 | €2,617 | €0 | -€2,617 | -100% |
| Financial debts | 170/4 | €2,617 | €0 | -€2,617 | -100% |
| Amounts payable within one year | 42/48 | €87,973 | €94,680 | +€6,707 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €3,836 | €2,617 | -€1,219 | -31.8% |
| Trade debts | 44 | €4,814 | €8,697 | +€3,883 | +80.6% |
| Suppliers | 440/4 | €4,814 | €8,697 | +€3,883 | +80.6% |
| Taxes, remuneration and social security | 45 | €9,334 | €14,130 | +€4,796 | +51.4% |
| Taxes | 450/3 | €9,334 | €14,130 | +€4,796 | +51.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €69,989 | €69,236 | -€753 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,913 | €16,136 | +€1,223 | +8.2% |
| Other operating charges | 640/8 | €616 | €2,993 | +€2,378 | +386% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,066 | €19,696 | +€9,630 | +95.7% |
| Operating profit (loss) | 9901 | -€5,463 | €567 | +€6,030 | |
| Financial income | 75/76B | €60 | €2 | -€58 | -96.7% |
| Recurring financial income | 75 | €60 | €2 | -€58 | -96.7% |
| Financial charges | 65/66B | €706 | €1,107 | +€402 | +56.9% |
| Recurring financial charges | 65 | €706 | €1,107 | +€402 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,108 | -€539 | +€5,570 | +91.2% |
| Income taxes | 67/77 | €152 | €0 | -€152 | -100% |
| Profit (loss) for the period | 9904 | -€6,260 | -€539 | +€5,721 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,260 | -€539 | +€5,721 | +91.4% |
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 25 October 2026 via checked.be.