NINEDOTS: 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.
NINEDOTS
Largest movements
- Receivables within one year +€38,703
up €38,703 (+35.2%), from €110,081 to €148,784
of which Trade receivables: +€50,454
- Tangible fixed assets -€15,900
down €15,900 (-22.3%), from €71,369 to €55,470
of which Other tangible fixed assets: -€15,212
- Intangible fixed assets +€4,661
new in 2025: €4,661
- Reserves +€16,298
up €16,298 (+5.0%), from €324,922 to €341,219
of which Distributable reserves: +€16,298
- Other debts +€9,915
up €9,915, from €0 to €9,915
- Tax, wage and social debts +€7,560
up €7,560 (+83.8%), from €9,023 to €16,583
- Trade debts +€6,926
up €6,926 (+475.2%), from €1,457 to €8,383
- Debts after one year -€6,613
down €6,613 (-51.2%), from €12,924 to €6,311
- Gross operating margin -€25,215
down €25,215 (-24.8%), from €101,573 to €76,358
- Taxes -€7,437
down €7,437 (-31.5%), from €23,624 to €16,187
- Other operating charges +€1,070
up €1,070 (+195.8%), from €546 to €1,616
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 | €368,517 | €401,651 | +€33,134 | +9.0% |
| Fixed assets | 21/28 | €71,369 | €60,981 | -€10,389 | -14.6% |
| Intangible fixed assets | 21 | - | €4,661 | +€4,661 | |
| Tangible fixed assets | 22/27 | €71,369 | €55,470 | -€15,900 | -22.3% |
| Furniture and vehicles | 24 | €30,344 | €29,656 | -€688 | -2.3% |
| Other tangible fixed assets | 26 | €41,025 | €25,814 | -€15,212 | -37.1% |
| Financial fixed assets | 28 | €0 | €850 | +€850 | |
| Current assets | 29/58 | €297,147 | €340,670 | +€43,523 | +14.6% |
| Amounts receivable within one year | 40/41 | €110,081 | €148,784 | +€38,703 | +35.2% |
| Trade receivables | 40 | €9,520 | €59,974 | +€50,454 | +530.0% |
| Other amounts receivable | 41 | €100,561 | €88,810 | -€11,751 | -11.7% |
| Cash at bank and in hand | 54/58 | €180,044 | €181,695 | +€1,650 | +0.9% |
| Deferred charges and accrued income | 490/1 | €7,022 | €10,192 | +€3,169 | +45.1% |
| Total equity and liabilities | 10/49 | €368,517 | €401,651 | +€33,134 | +9.0% |
| Equity | 10/15 | €337,322 | €353,619 | +€16,298 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €324,922 | €341,219 | +€16,298 | +5.0% |
| Non-distributable reserves | 130/1 | €19,846 | €19,846 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,846 | €19,846 | = | 0.0% |
| Distributable reserves | 133 | €305,076 | €321,373 | +€16,298 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,195 | €48,031 | +€16,836 | +54.0% |
| Amounts payable after more than one year | 17 | €12,924 | €6,311 | -€6,613 | -51.2% |
| Financial debts | 170/4 | €12,924 | €6,311 | -€6,613 | -51.2% |
| Amounts payable within one year | 42/48 | €17,581 | €41,584 | +€24,004 | +136.5% |
| Current portion of amounts payable after more than one year | 42 | €6,340 | €6,613 | +€273 | +4.3% |
| Financial debts | 43 | €760 | €90 | -€670 | -88.2% |
| Credit institutions | 430/8 | €760 | €90 | -€670 | -88.2% |
| Trade debts | 44 | €1,457 | €8,383 | +€6,926 | +475.2% |
| Suppliers | 440/4 | €1,457 | €8,383 | +€6,926 | +475.2% |
| Taxes, remuneration and social security | 45 | €9,023 | €16,583 | +€7,560 | +83.8% |
| Taxes | 450/3 | €9,023 | €16,583 | +€7,560 | +83.8% |
| Other amounts payable | 47/48 | €0 | €9,915 | +€9,915 | |
| Accrued charges and deferred income | 492/3 | €690 | €136 | -€555 | -80.4% |
| Non-recurring operating income | 76A | €1 | €88 | +€87 | +8656.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,161 | €24,542 | +€381 | +1.6% |
| Other operating charges | 640/8 | €546 | €1,616 | +€1,070 | +195.8% |
| Non-recurring operating charges | 66A | €101 | €0 | -€101 | -100.0% |
| Gross operating margin | 9900 | €101,573 | €76,358 | -€25,215 | -24.8% |
| Operating profit (loss) | 9901 | €76,765 | €50,199 | -€26,566 | -34.6% |
| Financial income | 75/76B | €1,102 | €1,070 | -€32 | -2.9% |
| Recurring financial income | 75 | €1,102 | €1,070 | -€32 | -2.9% |
| Financial charges | 65/66B | €1,170 | €1,027 | -€143 | -12.2% |
| Recurring financial charges | 65 | €1,170 | €1,027 | -€143 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €76,697 | €50,243 | -€26,454 | -34.5% |
| Income taxes | 67/77 | €23,624 | €16,187 | -€7,437 | -31.5% |
| Profit (loss) for the period | 9904 | €53,073 | €34,056 | -€19,017 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,073 | €34,056 | -€19,017 | -35.8% |
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 12 October 2026 via checked.be.