Nine Engineering: 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.
Nine Engineering
Largest movements
- Intangible fixed assets +€374,352
up €374,352 (+41.1%), from €910,249 to €1.3m
- Receivables within one year +€50,552
up €50,552 (+16.1%), from €314,302 to €364,854
of which Trade receivables: +€48,198
- Cash +€27,534
up €27,534 (+4.1%), from €677,138 to €704,671
mainly Debts after one year (+€327,593) and Depreciation (+€238,775)
- Debts after one year +€327,593
up €327,593 (+98.7%), from €331,815 to €659,408
of which Financial debts: +€325,310
- Accrued charges and deferred income +€124,808
up €124,808 (+72.1%), from €173,098 to €297,905
- Profit (loss) carried forward -€89,996
down €89,996 (-13.0%), from -€691,071 to -€781,067
- Trade debts +€74,169
up €74,169 (+33.3%), from €222,724 to €296,893
- Current portion of long-term debt +€51,635
up €51,635 (+42.0%), from €123,055 to €174,690
- Gross operating margin +€601,409
up €601,409 (+24826.0%), from €2,423 to €603,832
- Staff costs +€191,350
up €191,350 (+85.1%), from €224,845 to €416,195
- Depreciation +€80,355
up €80,355 (+50.7%), from €158,420 to €238,775
- Financial charges +€22,081
up €22,081 (+119.4%), from €18,495 to €40,577
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 | €1,961,368 | €2,408,039 | +€446,672 | +22.8% |
| Fixed assets | 21/28 | €949,763 | €1,315,371 | +€365,608 | +38.5% |
| Intangible fixed assets | 21 | €910,249 | €1,284,601 | +€374,352 | +41.1% |
| Tangible fixed assets | 22/27 | €31,636 | €22,892 | -€8,744 | -27.6% |
| Plant, machinery and equipment | 23 | €2,906 | €1,605 | -€1,301 | -44.8% |
| Furniture and vehicles | 24 | €23,015 | €17,012 | -€6,002 | -26.1% |
| Other tangible fixed assets | 26 | €5,716 | €4,275 | -€1,441 | -25.2% |
| Financial fixed assets | 28 | €7,878 | €7,878 | = | 0.0% |
| Current assets | 29/58 | €1,011,604 | €1,092,668 | +€81,064 | +8.0% |
| Amounts receivable within one year | 40/41 | €314,302 | €364,854 | +€50,552 | +16.1% |
| Trade receivables | 40 | €313,521 | €361,719 | +€48,198 | +15.4% |
| Other amounts receivable | 41 | €781 | €3,135 | +€2,354 | +301.4% |
| Current investments | 50/53 | - | €6,360 | +€6,360 | |
| Cash at bank and in hand | 54/58 | €677,138 | €704,671 | +€27,534 | +4.1% |
| Deferred charges and accrued income | 490/1 | €20,165 | €16,783 | -€3,382 | -16.8% |
| Total equity and liabilities | 10/49 | €1,961,368 | €2,408,039 | +€446,672 | +22.8% |
| Equity | 10/15 | €1,025,604 | €935,609 | -€89,996 | -8.8% |
| Contributions | 10/11 | €1,602,661 | €1,602,661 | = | 0.0% |
| Reserves | 13 | €114,015 | €114,015 | = | 0.0% |
| Distributable reserves | 133 | €114,015 | €114,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€691,071 | -€781,067 | -€89,996 | -13.0% |
| Amounts payable | 17/49 | €935,763 | €1,472,431 | +€536,668 | +57.4% |
| Amounts payable after more than one year | 17 | €331,815 | €659,408 | +€327,593 | +98.7% |
| Financial debts | 170/4 | €266,573 | €591,883 | +€325,310 | +122.0% |
| Other amounts payable | 178/9 | €65,242 | €67,526 | +€2,283 | +3.5% |
| Amounts payable within one year | 42/48 | €430,850 | €515,117 | +€84,267 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €123,055 | €174,690 | +€51,635 | +42.0% |
| Financial debts | 43 | €21 | - | -€21 | |
| Credit institutions | 430/8 | €21 | - | -€21 | |
| Trade debts | 44 | €222,724 | €296,893 | +€74,169 | +33.3% |
| Suppliers | 440/4 | €222,724 | €296,893 | +€74,169 | +33.3% |
| Taxes, remuneration and social security | 45 | €85,050 | €43,534 | -€41,517 | -48.8% |
| Taxes | 450/3 | €23,774 | €6,666 | -€17,109 | -72.0% |
| Remuneration and social security | 454/9 | €61,276 | €36,868 | -€24,408 | -39.8% |
| Accrued charges and deferred income | 492/3 | €173,098 | €297,905 | +€124,808 | +72.1% |
| Remuneration, social security and pensions | 62 | €224,845 | €416,195 | +€191,350 | +85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,420 | €238,775 | +€80,355 | +50.7% |
| Other operating charges | 640/8 | €412 | €569 | +€157 | +38.1% |
| Gross operating margin | 9900 | €2,423 | €603,832 | +€601,409 | +24826.0% |
| Operating profit (loss) | 9901 | -€381,255 | -€51,708 | +€329,547 | +86.4% |
| Financial income | 75/76B | €663 | €2,585 | +€1,922 | +289.8% |
| Recurring financial income | 75 | €663 | €2,585 | +€1,922 | +289.8% |
| Financial charges | 65/66B | €18,495 | €40,577 | +€22,081 | +119.4% |
| Recurring financial charges | 65 | €18,495 | €40,577 | +€22,081 | +119.4% |
| Profit (loss) for the period before taxes | 9903 | -€399,087 | -€89,699 | +€309,388 | +77.5% |
| Income taxes | 67/77 | €315 | €296 | -€18 | -5.8% |
| Profit (loss) for the period | 9904 | -€399,402 | -€89,996 | +€309,406 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€399,402 | -€89,996 | +€309,406 | +77.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.