NINE Consulting: 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 Consulting
Largest movements
- Receivables within one year +€276,231
up €276,231 (+327%), from €84,477 to €360,708
of which Other amounts receivable: +€273,963
- Cash -€142,503
down €142,503 (-72.8%), from €195,867 to €53,364
mainly Receivables within one year (-€276,231) and Investment in fixed assets (net) (-€53,271)
- Tangible fixed assets +€20,786
up €20,786 (+12.0%), from €173,793 to €194,579
of which Land and buildings: +€21,643
- Reserves +€172,193
up €172,193 (+54.4%), from €316,663 to €488,856
of which Distributable reserves: +€187,303
- Debts after one year -€18,299
down €18,299 (-30.0%), from €61,078 to €42,779
- Tax, wage and social debts +€15,498
up €15,498 (+63.2%), from €24,539 to €40,037
of which Taxes: +€15,498
- Trade debts -€12,833
down €12,833 (-55.1%), from €23,308 to €10,475
- Gross operating margin +€155,000
up €155,000 (+112%), from €138,005 to €293,005
- Taxes +€51,287
up €51,287 (+158%), from €32,370 to €83,657
- Financial income +€7,866
up €7,866 (+313%), from €2,514 to €10,379
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 | €463,029 | €617,379 | +€154,350 | +33.3% |
| Fixed assets | 21/28 | €173,793 | €194,579 | +€20,786 | +12.0% |
| Tangible fixed assets | 22/27 | €173,793 | €194,579 | +€20,786 | +12.0% |
| Land and buildings | 22 | €167,848 | €189,491 | +€21,643 | +12.9% |
| Plant, machinery and equipment | 23 | €3,370 | €64 | -€3,306 | -98.1% |
| Furniture and vehicles | 24 | €2,575 | €5,024 | +€2,450 | +95.1% |
| Current assets | 29/58 | €289,236 | €422,800 | +€133,564 | +46.2% |
| Amounts receivable within one year | 40/41 | €84,477 | €360,708 | +€276,231 | +327% |
| Trade receivables | 40 | €24,200 | €26,469 | +€2,269 | +9.4% |
| Other amounts receivable | 41 | €60,277 | €334,239 | +€273,963 | +455% |
| Cash at bank and in hand | 54/58 | €195,867 | €53,364 | -€142,503 | -72.8% |
| Deferred charges and accrued income | 490/1 | €8,892 | €8,728 | -€165 | -1.9% |
| Total equity and liabilities | 10/49 | €463,029 | €617,379 | +€154,350 | +33.3% |
| Equity | 10/15 | €333,377 | €505,571 | +€172,193 | +51.7% |
| Reserves | 13 | €316,663 | €488,856 | +€172,193 | +54.4% |
| Non-distributable reserves | 130/1 | €15,110 | €0 | -€15,110 | -100% |
| Reserves not available under the articles | 1311 | €15,110 | €0 | -€15,110 | -100% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €291,553 | €478,856 | +€187,303 | +64.2% |
| Profit (loss) carried forward | 14 | €16,714 | €16,714 | = | 0.0% |
| Amounts payable | 17/49 | €129,652 | €111,809 | -€17,844 | -13.8% |
| Amounts payable after more than one year | 17 | €61,078 | €42,779 | -€18,299 | -30.0% |
| Financial debts | 170/4 | €61,078 | €42,779 | -€18,299 | -30.0% |
| Amounts payable within one year | 42/48 | €68,574 | €69,030 | +€456 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €17,875 | €18,299 | +€425 | +2.4% |
| Financial debts | 43 | €2,852 | €219 | -€2,633 | -92.3% |
| Credit institutions | 430/8 | €2,852 | €219 | -€2,633 | -92.3% |
| Trade debts | 44 | €23,308 | €10,475 | -€12,833 | -55.1% |
| Suppliers | 440/4 | €23,308 | €10,475 | -€12,833 | -55.1% |
| Taxes, remuneration and social security | 45 | €24,539 | €40,037 | +€15,498 | +63.2% |
| Taxes | 450/3 | €22,689 | €38,187 | +€15,498 | +68.3% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €142,097 | +€142,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,029 | €32,485 | +€1,457 | +4.7% |
| Other operating charges | 640/8 | €6,624 | €8,577 | +€1,953 | +29.5% |
| Gross operating margin | 9900 | €138,005 | €293,005 | +€155,000 | +112% |
| Operating profit (loss) | 9901 | €100,352 | €251,942 | +€151,590 | +151% |
| Financial income | 75/76B | €2,514 | €10,379 | +€7,866 | +313% |
| Recurring financial income | 75 | €2,514 | €10,379 | +€7,866 | +313% |
| Financial charges | 65/66B | €7,677 | €6,471 | -€1,205 | -15.7% |
| Recurring financial charges | 65 | €7,677 | €6,471 | -€1,205 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €95,189 | €255,850 | +€160,661 | +169% |
| Income taxes | 67/77 | €32,370 | €83,657 | +€51,287 | +158% |
| Profit (loss) for the period | 9904 | €62,819 | €172,193 | +€109,375 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €62,819 | €172,193 | +€109,375 | +174% |
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 19 October 2026 via checked.be.