9T: 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.
9T
Largest movements
- Cash +€45,872
up €45,872 (+52.1%), from €88,002 to €133,874
mainly Net result for the year (+€93,507) and Other debts (+€75,188)
- Tangible fixed assets -€13,210
down €13,210 (-10.3%), from €128,789 to €115,579
of which Furniture and vehicles: -€7,765
- Current investments -€5,353
down €5,353 (-3.0%), from €177,925 to €172,572
- Other debts +€75,188
up €75,188 (+8,115%), from €927 to €76,115
- Reserves -€34,856
down €34,856 (-8.9%), from €389,889 to €355,033
- Debts after one year -€10,836
down €10,836 (-100%), from €10,836 to €0
- Gross operating margin +€4,408
up €4,408 (+3.1%), from €142,041 to €146,448
- Taxes +€1,491
up €1,491 (+4.0%), from €37,371 to €38,863
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,559 | €470,173 | +€28,614 | +6.5% |
| Fixed assets | 21/28 | €128,789 | €115,579 | -€13,210 | -10.3% |
| Tangible fixed assets | 22/27 | €128,789 | €115,579 | -€13,210 | -10.3% |
| Land and buildings | 22 | €103,622 | €98,177 | -€5,445 | -5.3% |
| Furniture and vehicles | 24 | €25,166 | €17,402 | -€7,765 | -30.9% |
| Current assets | 29/58 | €312,771 | €354,594 | +€41,823 | +13.4% |
| Amounts receivable after more than one year | 29 | €17,855 | €19,263 | +€1,407 | +7.9% |
| Other amounts receivable | 291 | €17,855 | €19,263 | +€1,407 | +7.9% |
| Amounts receivable within one year | 40/41 | €26,718 | €26,605 | -€112 | -0.4% |
| Trade receivables | 40 | €24,876 | €19,256 | -€5,620 | -22.6% |
| Other amounts receivable | 41 | €1,841 | €7,349 | +€5,508 | +299% |
| Current investments | 50/53 | €177,925 | €172,572 | -€5,353 | -3.0% |
| Cash at bank and in hand | 54/58 | €88,002 | €133,874 | +€45,872 | +52.1% |
| Deferred charges and accrued income | 490/1 | €2,271 | €2,280 | +€9 | +0.4% |
| Total equity and liabilities | 10/49 | €441,559 | €470,173 | +€28,614 | +6.5% |
| Equity | 10/15 | €396,089 | €361,233 | -€34,856 | -8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €389,889 | €355,033 | -€34,856 | -8.9% |
| Distributable reserves | 133 | €389,889 | €355,033 | -€34,856 | -8.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,470 | €108,940 | +€63,470 | +140% |
| Amounts payable after more than one year | 17 | €10,836 | €0 | -€10,836 | -100% |
| Financial debts | 170/4 | €10,836 | €0 | -€10,836 | -100% |
| Amounts payable within one year | 42/48 | €34,583 | €108,759 | +€74,176 | +214% |
| Current portion of amounts payable after more than one year | 42 | €10,641 | €10,836 | +€195 | +1.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €763 | €1,125 | +€361 | +47.3% |
| Suppliers | 440/4 | €763 | €1,125 | +€361 | +47.3% |
| Taxes, remuneration and social security | 45 | €22,252 | €20,684 | -€1,568 | -7.0% |
| Taxes | 450/3 | €22,252 | €20,684 | -€1,568 | -7.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €927 | €76,115 | +€75,188 | +8,115% |
| Accrued charges and deferred income | 492/3 | €52 | €181 | +€129 | +248% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,209 | €13,210 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,818 | €1,870 | +€52 | +2.8% |
| Gross operating margin | 9900 | €142,041 | €146,448 | +€4,408 | +3.1% |
| Operating profit (loss) | 9901 | €127,013 | €131,369 | +€4,356 | +3.4% |
| Financial income | 75/76B | €1,388 | €1,417 | +€29 | +2.1% |
| Recurring financial income | 75 | €1,388 | €1,417 | +€29 | +2.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,056 | €416 | -€640 | -60.6% |
| Recurring financial charges | 65 | €1,056 | €416 | -€640 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €127,345 | €132,370 | +€5,025 | +3.9% |
| Income taxes | 67/77 | €37,371 | €38,863 | +€1,491 | +4.0% |
| Profit (loss) for the period | 9904 | €89,974 | €93,507 | +€3,533 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,974 | €93,507 | +€3,533 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.