X9 QI: 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.
X9 QI
Largest movements
- Cash -€20,966
down €20,966 (-79.2%), from €26,480 to €5,514
mainly Other debts (-€39,349) and Investment in fixed assets (net) (-€4,139)
- Receivables within one year -€9,050
down €9,050 (-88.2%), from €10,260 to €1,210
of which Trade receivables: -€6,050
- Tangible fixed assets +€2,325
new in 2025: €2,325
- Other debts -€39,349
down €39,349 (-97.5%), from €40,362 to €1,013
- Profit (loss) carried forward +€11,767
up €11,767, from -€8,066 to €3,700
- Tax, wage and social debts -€1,669
down €1,669 (-47.1%), from €3,545 to €1,876
- Trade debts +€793
new in 2025: €793
- Accrued charges and deferred income +€767
new in 2025: €767
- Taxes +€8,047
up €8,047 (+256,259%), from €3 to €8,050
- Staff costs +€5,937
new in 2025: €5,937
- Gross operating margin +€2,873
up €2,873 (+11.6%), from €24,825 to €27,697
- Depreciation +€1,814
new in 2025: €1,814
- Financial charges -€1,625
down €1,625 (-97.9%), from €1,660 to €35
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 | €36,740 | €9,048 | -€27,692 | -75.4% |
| Fixed assets | 21/28 | - | €2,325 | +€2,325 | |
| Tangible fixed assets | 22/27 | - | €2,325 | +€2,325 | |
| Furniture and vehicles | 24 | - | €2,325 | +€2,325 | |
| Current assets | 29/58 | €36,740 | €6,724 | -€30,016 | -81.7% |
| Amounts receivable within one year | 40/41 | €10,260 | €1,210 | -€9,050 | -88.2% |
| Trade receivables | 40 | €7,260 | €1,210 | -€6,050 | -83.3% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €26,480 | €5,514 | -€20,966 | -79.2% |
| Total equity and liabilities | 10/49 | €36,740 | €9,048 | -€27,692 | -75.4% |
| Equity | 10/15 | -€7,166 | €4,600 | +€11,767 | |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Capital | 10 | €900 | €900 | = | 0.0% |
| Issued capital | 100 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,066 | €3,700 | +€11,767 | |
| Amounts payable | 17/49 | €43,906 | €4,448 | -€39,458 | -89.9% |
| Amounts payable within one year | 42/48 | €43,906 | €3,681 | -€40,225 | -91.6% |
| Trade debts | 44 | - | €793 | +€793 | |
| Suppliers | 440/4 | - | €793 | +€793 | |
| Taxes, remuneration and social security | 45 | €3,545 | €1,876 | -€1,669 | -47.1% |
| Taxes | 450/3 | €3,545 | €1,876 | -€1,669 | -47.1% |
| Other amounts payable | 47/48 | €40,362 | €1,013 | -€39,349 | -97.5% |
| Accrued charges and deferred income | 492/3 | - | €767 | +€767 | |
| Remuneration, social security and pensions | 62 | - | €5,937 | +€5,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,814 | +€1,814 | |
| Other operating charges | 640/8 | €63 | €158 | +€95 | +151% |
| Non-recurring operating charges | 66A | €5,345 | - | -€5,345 | |
| Gross operating margin | 9900 | €24,825 | €27,697 | +€2,873 | +11.6% |
| Operating profit (loss) | 9901 | €19,416 | €19,787 | +€371 | +1.9% |
| Financial income | 75/76B | €120 | €64 | -€57 | -47.1% |
| Recurring financial income | 75 | €120 | €64 | -€57 | -47.1% |
| Financial charges | 65/66B | €1,660 | €35 | -€1,625 | -97.9% |
| Recurring financial charges | 65 | €1,660 | €35 | -€1,625 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €17,877 | €19,816 | +€1,940 | +10.9% |
| Income taxes | 67/77 | €3 | €8,050 | +€8,047 | +256,259% |
| Profit (loss) for the period | 9904 | €17,873 | €11,767 | -€6,107 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,873 | €11,767 | -€6,107 | -34.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.