Number Nine: 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.
Number Nine
Largest movements
- Current investments +€885,420
up €885,420 (+70.0%), from €1.3m to €2.2m
- Cash -€561,286
down €561,286 (-46.2%), from €1.2m to €653,058
mainly Current investments (-€885,420) and Investment in fixed assets (net) (-€29,508)
- Tangible fixed assets -€173,456
down €173,456 (-3.6%), from €4.8m to €4.6m
- Profit (loss) carried forward +€199,051
up €199,051 (+50.9%), from €391,114 to €590,165
- Financial income -€92,581
down €92,581 (-48.3%), from €191,579 to €98,998
- Financial charges -€24,370
down €24,370 (-94.3%), from €25,849 to €1,479
- Taxes +€22,243
up €22,243 (+50.9%), from €43,709 to €65,952
- Gross operating margin +€6,138
up €6,138 (+1.6%), from €383,541 to €389,679
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 | €7,244,418 | €7,410,471 | +€166,053 | +2.3% |
| Fixed assets | 21/28 | €4,754,667 | €4,581,211 | -€173,456 | -3.6% |
| Tangible fixed assets | 22/27 | €4,754,667 | €4,581,211 | -€173,456 | -3.6% |
| Land and buildings | 22 | €4,754,667 | €4,581,211 | -€173,456 | -3.6% |
| Current assets | 29/58 | €2,489,751 | €2,829,260 | +€339,509 | +13.6% |
| Amounts receivable within one year | 40/41 | - | €25,224 | +€25,224 | |
| Trade receivables | 40 | - | €25,224 | +€25,224 | |
| Current investments | 50/53 | €1,265,558 | €2,150,978 | +€885,420 | +70.0% |
| Cash at bank and in hand | 54/58 | €1,214,344 | €653,058 | -€561,286 | -46.2% |
| Deferred charges and accrued income | 490/1 | €9,849 | - | -€9,849 | |
| Total equity and liabilities | 10/49 | €7,244,418 | €7,410,471 | +€166,053 | +2.3% |
| Equity | 10/15 | €7,191,114 | €7,390,165 | +€199,051 | +2.8% |
| Contributions | 10/11 | €6,800,000 | €6,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,114 | €590,165 | +€199,051 | +50.9% |
| Amounts payable | 17/49 | €53,304 | €20,306 | -€32,998 | -61.9% |
| Amounts payable within one year | 42/48 | €43,866 | €20,306 | -€23,560 | -53.7% |
| Trade debts | 44 | €157 | €4,354 | +€4,197 | +2,673% |
| Suppliers | 440/4 | €157 | €4,354 | +€4,197 | +2,673% |
| Taxes, remuneration and social security | 45 | €43,709 | €15,952 | -€27,757 | -63.5% |
| Taxes | 450/3 | €43,709 | €15,952 | -€27,757 | -63.5% |
| Accrued charges and deferred income | 492/3 | €9,438 | - | -€9,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,076 | €202,964 | +€2,888 | +1.4% |
| Other operating charges | 640/8 | €18,539 | €19,231 | +€692 | +3.7% |
| Gross operating margin | 9900 | €383,541 | €389,679 | +€6,138 | +1.6% |
| Operating profit (loss) | 9901 | €164,926 | €167,484 | +€2,558 | +1.6% |
| Financial income | 75/76B | €191,579 | €98,998 | -€92,581 | -48.3% |
| Recurring financial income | 75 | €191,579 | €98,998 | -€92,581 | -48.3% |
| Financial charges | 65/66B | €25,849 | €1,479 | -€24,370 | -94.3% |
| Recurring financial charges | 65 | €25,849 | €1,479 | -€24,370 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €330,656 | €265,003 | -€65,653 | -19.9% |
| Income taxes | 67/77 | €43,709 | €65,952 | +€22,243 | +50.9% |
| Profit (loss) for the period | 9904 | €286,947 | €199,051 | -€87,896 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €286,947 | €199,051 | -€87,896 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.