28Digital: 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.
What changed
28Digital
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6.2m
2024 · €1.7m-€7.9m
Equity
€11.0m
2024 · €17.1m-€6.1m
Cash
€16.5m
2024 · €28.1m-€11.6m
Balance sheet total
€35.0m
2024 · €42.3m-€7.4m
Largest movements
Assets
- Cash -€11.6m
down €11.6m (-41.4%), from €28.1m to €16.5m
mainly Current investments (-€10.0m) and Net result for the year (-€6.2m)
- Current investments +€10.0m
new in 2025: €10.0m
- Receivables within one year -€5.8m
down €5.8m (-41.4%), from €13.9m to €8.2m
of which Trade receivables: -€5.8m
Equity and liabilities
- Profit (loss) carried forward -€6.2m
down €6.2m (-46.3%), from €13.4m to €7.2m
- Accrued charges and deferred income -€1.9m
down €1.9m (-12.8%), from €14.7m to €12.9m
Income statement
- Turnover -€4.8m
down €4.8m (-39.7%), from €12.2m to €7.3m
- Goods and materials -€4.7m
down €4.7m (-31.7%), from €15.0m to €10.2m
- Staff costs +€1.4m
up €1.4m (+31.7%), from €4.5m to €5.9m
- Other operating income +€1.3m
up €1.3m (+25.0%), from €5.2m to €6.5m
- Financial income -€183,552
down €183,552 (-57.6%), from €318,730 to €135,178
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.
Result 2024
€1.7m
Turnover
-€4.8m
Other operating income
+€1.3m
Goods and materials
+€4.7m
Services and other goods
-€126,671
Staff costs
-€1.4m
Depreciation
-€12,127
Write-downs
-€51,616
Other operating charges
-€42,375
Other operating items
-€7.2m
Financial income
-€183,552
Financial charges
-€34,844
Taxes
-€19,891
Result 2025
-€6.2m
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.
From operations
-€1.8m
Investment
-€10.0m
Financing
+€169,200
Cash 2024
€28.1m
From operations (derived)
-€1.8m
Net result for the year
-€6.2m
Depreciation
+€87,987
Receivables within one year
+€5.8m
Deferred charges and accrued income
-€92,062
Trade debts
+€375,037
Tax, wage and social debts
+€199,954
Accrued charges and deferred income
-€1.9m
Investment (derived)
-€10.0m
Investment in fixed assets (net)
-€17,187
Current investments
-€10.0m
Financing
+€169,200
Contributions, distributions and other
+€169,200
Cash 2025
€16.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,323,045 | €34,961,922 | -€7.4m | -17.4% |
| Fixed assets | 21/28 | €309,944 | €239,145 | -€70,799 | -22.8% |
| Intangible fixed assets | 21 | €8,750 | €6,260 | -€2,490 | -28.5% |
| Tangible fixed assets | 22/27 | €200,150 | €130,342 | -€69,807 | -34.9% |
| Furniture and vehicles | 24 | €87,717 | €77,283 | -€10,434 | -11.9% |
| Other tangible fixed assets | 26 | €112,433 | €53,059 | -€59,373 | -52.8% |
| Financial fixed assets | 28 | €101,044 | €102,542 | +€1,498 | +1.5% |
| Affiliated companies | 280/1 | €65,658 | €65,658 | = | 0.0% |
| Participating interests | 280 | €65,658 | €65,658 | = | 0.0% |
| Other financial fixed assets | 284/8 | €35,386 | €36,884 | +€1,498 | +4.2% |
| Shares | 284 | €8,961 | €10,459 | +€1,498 | +16.7% |
| Amounts receivable and cash guarantees | 285/8 | €26,425 | €26,425 | = | 0.0% |
| Current assets | 29/58 | €42,013,101 | €34,722,778 | -€7.3m | -17.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,934,071 | €8,164,737 | -€5.8m | -41.4% |
| Trade receivables | 40 | €13,672,978 | €7,890,935 | -€5.8m | -42.3% |
| Other amounts receivable | 41 | €261,094 | €273,803 | +€12,709 | +4.9% |
| Current investments | 50/53 | - | €10,000,000 | +€10.0m | |
| Cash at bank and in hand | 54/58 | €28,064,147 | €16,451,096 | -€11.6m | -41.4% |
| Deferred charges and accrued income | 490/1 | €14,883 | €106,945 | +€92,062 | +618.6% |
| Total equity and liabilities | 10/49 | €42,323,045 | €34,961,922 | -€7.4m | -17.4% |
| Equity | 10/15 | €17,075,235 | €11,018,358 | -€6.1m | -35.5% |
| Contributions | 10/11 | €3,633,820 | €3,803,020 | +€169,200 | +4.7% |
| Capital | 10 | €3,633,820 | €3,803,020 | +€169,200 | +4.7% |
| Profit (loss) carried forward | 14 | €13,441,415 | €7,215,338 | -€6.2m | -46.3% |
| Provisions and deferred taxes | 16 | €127,926 | €127,926 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €127,926 | €127,926 | = | 0.0% |
| Other liabilities and charges | 164/5 | €127,926 | €127,926 | = | 0.0% |
| Amounts payable | 17/49 | €25,119,883 | €23,815,638 | -€1.3m | -5.2% |
| Amounts payable within one year | 42/48 | €10,384,458 | €10,959,449 | +€574,991 | +5.5% |
| Trade debts | 44 | €9,849,844 | €10,224,881 | +€375,037 | +3.8% |
| Suppliers | 440/4 | €9,849,844 | €10,224,881 | +€375,037 | +3.8% |
| Taxes, remuneration and social security | 45 | €534,613 | €734,567 | +€199,954 | +37.4% |
| Taxes | 450/3 | €20,145 | €21,319 | +€1,174 | +5.8% |
| Remuneration and social security | 454/9 | €514,469 | €713,248 | +€198,780 | +38.6% |
| Accrued charges and deferred income | 492/3 | €14,735,426 | €12,856,189 | -€1.9m | -12.8% |
| Operating income | 70/76A | €25,846,289 | €18,941,025 | -€6.9m | -26.7% |
| Turnover | 70 | €12,153,637 | €7,332,627 | -€4.8m | -39.7% |
| Other operating income | 74 | €5,217,239 | €6,524,036 | +€1.3m | +25.0% |
| Non-recurring operating income | 76A | €62,100 | €570,793 | +€508,693 | +819.2% |
| Operating charges | 60/66A | €24,428,277 | €25,160,851 | +€732,573 | +3.0% |
| Goods for resale, raw materials and consumables | 60 | €14,968,778 | €10,224,358 | -€4.7m | -31.7% |
| Purchases | 600/8 | €14,968,778 | €10,224,358 | -€4.7m | -31.7% |
| Services and other goods | 61 | €4,718,788 | €4,845,459 | +€126,671 | +2.7% |
| Remuneration, social security and pensions | 62 | €4,503,531 | €5,930,869 | +€1.4m | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,860 | €87,987 | +€12,127 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €228,067 | €279,683 | +€51,616 | +22.6% |
| Other operating charges | 640/8 | €0 | €42,375 | +€42,375 | |
| Non-recurring operating charges | 66A | €0 | €3,750,121 | +€3.8m | |
| Operating profit (loss) | 9901 | €1,418,011 | -€6,219,825 | -€7.6m | |
| Financial income | 75/76B | €318,730 | €135,178 | -€183,552 | -57.6% |
| Recurring financial income | 75 | €318,730 | €135,178 | -€183,552 | -57.6% |
| Income from financial fixed assets | 750 | €240,940 | €104,723 | -€136,217 | -56.5% |
| Other financial income | 752/9 | €77,790 | €30,455 | -€47,336 | -60.9% |
| Financial charges | 65/66B | €54,922 | €89,766 | +€34,844 | +63.4% |
| Recurring financial charges | 65 | €54,922 | €89,766 | +€34,844 | +63.4% |
| Debt charges | 650 | - | €96 | +€96 | |
| Other financial charges | 652/9 | €54,922 | €89,670 | +€34,748 | +63.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,681,820 | -€6,174,413 | -€7.9m | |
| Income taxes | 67/77 | €31,773 | €51,664 | +€19,891 | +62.6% |
| Taxes | 670/3 | €31,773 | €51,664 | +€19,891 | +62.6% |
| Profit (loss) for the period | 9904 | €1,650,047 | -€6,226,077 | -€7.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,650,047 | -€6,226,077 | -€7.9m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.