DIAGONAL CAPITAL: 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.
DIAGONAL CAPITAL
Largest movements
- Cash -€320,122
down €320,122 (-52.3%), from €611,846 to €291,724
mainly Tax, wage and social debts (-€605,845) and Trade debts (-€166,509)
- Tangible fixed assets -€207,552
down €207,552 (-20.9%), from €993,094 to €785,542
of which Furniture and vehicles: -€135,352
- Receivables within one year -€62,825
down €62,825 (-4.6%), from €1.4m to €1.3m
of which Trade receivables: -€189,492
- Deferred charges and accrued income -€53,799
down €53,799 (-69.3%), from €77,578 to €23,779
- Tax, wage and social debts -€605,845
down €605,845 (-74.7%), from €811,258 to €205,413
of which Taxes: -€660,843
- Trade debts -€166,509
down €166,509 (-48.2%), from €345,636 to €179,127
- Profit (loss) carried forward +€139,140
up €139,140 (+7.6%), from €1.8m to €2.0m
- Gross operating margin +€1.1m
up €1.1m (+150%), from €766,912 to €1.9m
- Staff costs +€565,785
up €565,785 (+60.8%), from €931,220 to €1.5m
- Financial income -€29,053
down €29,053 (-93.9%), from €30,942 to €1,889
- Financial charges +€23,135
up €23,135 (+44.0%), from €52,538 to €75,673
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 | €3,125,986 | €2,481,688 | -€644,298 | -20.6% |
| Fixed assets | 21/28 | €1,083,185 | €875,633 | -€207,552 | -19.2% |
| Tangible fixed assets | 22/27 | €993,094 | €785,542 | -€207,552 | -20.9% |
| Furniture and vehicles | 24 | €335,674 | €200,323 | -€135,352 | -40.3% |
| Other tangible fixed assets | 26 | €657,419 | €585,219 | -€72,200 | -11.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €90,091 | €90,091 | = | 0.0% |
| Current assets | 29/58 | €2,042,801 | €1,606,055 | -€436,746 | -21.4% |
| Amounts receivable within one year | 40/41 | €1,353,377 | €1,290,552 | -€62,825 | -4.6% |
| Trade receivables | 40 | €197,026 | €7,534 | -€189,492 | -96.2% |
| Other amounts receivable | 41 | €1,156,351 | €1,283,018 | +€126,667 | +11.0% |
| Cash at bank and in hand | 54/58 | €611,846 | €291,724 | -€320,122 | -52.3% |
| Deferred charges and accrued income | 490/1 | €77,578 | €23,779 | -€53,799 | -69.3% |
| Total equity and liabilities | 10/49 | €3,125,986 | €2,481,688 | -€644,298 | -20.6% |
| Equity | 10/15 | €1,893,842 | €2,032,982 | +€139,140 | +7.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,827,842 | €1,966,982 | +€139,140 | +7.6% |
| Amounts payable | 17/49 | €1,232,144 | €448,706 | -€783,438 | -63.6% |
| Amounts payable within one year | 42/48 | €1,156,894 | €384,539 | -€772,354 | -66.8% |
| Trade debts | 44 | €345,636 | €179,127 | -€166,509 | -48.2% |
| Suppliers | 440/4 | €345,636 | €179,127 | -€166,509 | -48.2% |
| Taxes, remuneration and social security | 45 | €811,258 | €205,413 | -€605,845 | -74.7% |
| Taxes | 450/3 | €663,767 | €2,925 | -€660,843 | -99.6% |
| Remuneration and social security | 454/9 | €147,490 | €202,488 | +€54,998 | +37.3% |
| Accrued charges and deferred income | 492/3 | €75,250 | €64,167 | -€11,083 | -14.7% |
| Non-recurring operating income | 76A | €42,135 | €0 | -€42,135 | -100% |
| Remuneration, social security and pensions | 62 | €931,220 | €1,497,005 | +€565,785 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,654 | €220,032 | +€3,378 | +1.6% |
| Other operating charges | 640/8 | €4,865 | €1,330 | -€3,535 | -72.7% |
| Gross operating margin | 9900 | €766,912 | €1,916,838 | +€1.1m | +150% |
| Operating profit (loss) | 9901 | -€385,827 | €198,471 | +€584,298 | |
| Financial income | 75/76B | €30,942 | €1,889 | -€29,053 | -93.9% |
| Recurring financial income | 75 | €30,942 | €1,889 | -€29,053 | -93.9% |
| Financial charges | 65/66B | €52,538 | €75,673 | +€23,135 | +44.0% |
| Recurring financial charges | 65 | €52,538 | €75,673 | +€23,135 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€407,422 | €124,688 | +€532,110 | |
| Income taxes | 67/77 | €1,258 | -€14,452 | -€15,711 | |
| Profit (loss) for the period | 9904 | -€408,681 | €139,140 | +€547,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€408,681 | €139,140 | +€547,820 |
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 16 October 2026 via checked.be.