DIGI Communications Belgium: what changed
What changed
DIGI Communications Belgium
NACE 61.100, Wired, wireless and satellite telecommunications
filed annual accounts (NBB)
Net result for the year
-€25.6m
2024 · -€10.6m-€15.0m
Equity
€147.7m
2024 · -€11.4m+€159.1m
Cash
€3,656
2024 · €162,036-€158,381
Balance sheet total
€212.3m
2024 · €1.9m+€210.4m
Largest movements
Assets
- Financial fixed assets +€180.8m
up €180.8m (+72,301%), from €250,000 to €181.0m
- Receivables within one year +€25.5m
up €25.5m (+4,098%), from €623,201 to €26.2m
of which Other amounts receivable: +€24.9m
- Deferred charges and accrued income +€3.8m
up €3.8m (+3,165%), from €120,862 to €3.9m
Equity and liabilities
- Contributions +€184.7m
up €184.7m (+300,352%), from €61,500 to €184.8m
- Debts after one year +€40.5m
up €40.5m (+139,775%), from €29,009 to €40.6m
- Profit (loss) carried forward -€25.6m
down €25.6m (-223%), from -€11.5m to -€37.0m
- Trade debts +€10.9m
up €10.9m (+333%), from €3.3m to €14.1m
- Other debts -€4.2m
down €4.2m (-48.6%), from €8.5m to €4.4m
Income statement
- Gross operating margin -€8.3m
down €8.3m (-131%), from -€6.3m to -€14.6m
- Staff costs +€6.7m
up €6.7m (+164%), from €4.1m to €10.9m
- Financial income +€3.9m
new in 2025: €3.9m
- Financial charges +€2.2m
up €2.2m (+2,069%), from €105,614 to €2.3m
- Depreciation +€147,486
up €147,486 (+6,389%), from €2,308 to €149,794
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10.6m
Gross operating margin
-€8.3m
Staff costs
-€6.7m
Depreciation
-€147,486
Write-downs
-€132,471
Other operating charges
-€91,583
Other operating items
-€1.3m
Financial income
+€3.9m
Financial charges
-€2.2m
Taxes
+€32,597
Result 2025
-€25.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€45.0m
Investment
-€181.4m
Financing
+€226.2m
Cash 2024
€162,036
From operations (derived)
-€45.0m
Net result for the year
-€25.6m
Depreciation
+€149,794
Receivables within one year
-€25.5m
Deferred charges and accrued income
-€3.8m
Trade debts
+€10.9m
Tax, wage and social debts
+€1.0m
Advances received
-€10
Other debts
-€4.2m
Accrued charges and deferred income
+€2.1m
Investment (derived)
-€181.4m
Investment in fixed assets (net)
-€181.4m
Financing
+€226.2m
Debts after one year
+€40.5m
Current portion of long-term debt
+€363
Short-term financial debts
+€955,102
Contributions, distributions and other
+€184.7m
Cash 2025
€3,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,893,921 | €212,337,294 | +€210.4m | +11,112% |
| Fixed assets | 21/28 | €987,822 | €182,222,388 | +€181.2m | +18,347% |
| Intangible fixed assets | 21 | €204,832 | €1,018,711 | +€813,879 | +397% |
| Tangible fixed assets | 22/27 | €532,990 | €201,390 | -€331,600 | -62.2% |
| Furniture and vehicles | 24 | €29,741 | €170,910 | +€141,169 | +475% |
| Leasing and similar rights | 25 | €40,770 | €30,481 | -€10,289 | -25.2% |
| Assets under construction and advance payments | 27 | €462,479 | €0 | -€462,479 | -100% |
| Financial fixed assets | 28 | €250,000 | €181,002,287 | +€180.8m | +72,301% |
| Current assets | 29/58 | €906,099 | €30,114,906 | +€29.2m | +3,224% |
| Amounts receivable within one year | 40/41 | €623,201 | €26,164,802 | +€25.5m | +4,098% |
| Trade receivables | 40 | €52,101 | €667,147 | +€615,046 | +1,180% |
| Other amounts receivable | 41 | €571,100 | €25,497,655 | +€24.9m | +4,365% |
| Cash at bank and in hand | 54/58 | €162,036 | €3,656 | -€158,381 | -97.7% |
| Deferred charges and accrued income | 490/1 | €120,862 | €3,946,449 | +€3.8m | +3,165% |
| Total equity and liabilities | 10/49 | €1,893,921 | €212,337,294 | +€210.4m | +11,112% |
| Equity | 10/15 | -€11,398,034 | €147,745,955 | +€159.1m | |
| Contributions | 10/11 | €61,500 | €184,777,971 | +€184.7m | +300,352% |
| Capital | 10 | €61,500 | €184,777,971 | +€184.7m | +300,352% |
| Issued capital | 100 | €61,500 | €184,777,971 | +€184.7m | +300,352% |
| Profit (loss) carried forward | 14 | -€11,459,534 | -€37,032,016 | -€25.6m | -223% |
| Amounts payable | 17/49 | €13,291,954 | €64,591,339 | +€51.3m | +386% |
| Amounts payable after more than one year | 17 | €29,009 | €40,576,391 | +€40.5m | +139,775% |
| Financial debts | 170/4 | €29,009 | €40,576,391 | +€40.5m | +139,775% |
| Amounts payable within one year | 42/48 | €13,090,020 | €21,767,707 | +€8.7m | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €11,228 | €11,591 | +€363 | +3.2% |
| Financial debts | 43 | €171,822 | €1,126,924 | +€955,102 | +556% |
| Credit institutions | 430/8 | €171,822 | €0 | -€171,822 | -100% |
| Other loans | 439 | - | €1,126,924 | +€1.1m | |
| Trade debts | 44 | €3,259,958 | €14,128,146 | +€10.9m | +333% |
| Suppliers | 440/4 | €3,259,958 | €14,128,146 | +€10.9m | +333% |
| Advances received on contracts in progress | 46 | €10 | €0 | -€10 | -100% |
| Taxes, remuneration and social security | 45 | €1,110,942 | €2,116,808 | +€1.0m | +90.5% |
| Taxes | 450/3 | €201,785 | €505,600 | +€303,815 | +151% |
| Remuneration and social security | 454/9 | €909,157 | €1,611,208 | +€702,051 | +77.2% |
| Other amounts payable | 47/48 | €8,536,060 | €4,384,237 | -€4.2m | -48.6% |
| Accrued charges and deferred income | 492/3 | €172,925 | €2,247,242 | +€2.1m | +1,200% |
| Non-recurring operating income | 76A | - | €1,295 | +€1,295 | |
| Remuneration, social security and pensions | 62 | €4,116,861 | €10,864,281 | +€6.7m | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,308 | €149,794 | +€147,486 | +6,389% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €132,471 | +€132,471 | |
| Other operating charges | 640/8 | €26,708 | €118,291 | +€91,583 | +343% |
| Non-recurring operating charges | 66A | - | €1,341,728 | +€1.3m | |
| Gross operating margin | 9900 | -€6,291,247 | -€14,551,943 | -€8.3m | -131% |
| Operating profit (loss) | 9901 | -€10,437,125 | -€27,158,509 | -€16.7m | -160% |
| Financial income | 75/76B | - | €3,863,785 | +€3.9m | |
| Recurring financial income | 75 | - | €3,863,785 | +€3.9m | |
| Financial charges | 65/66B | €105,614 | €2,291,157 | +€2.2m | +2,069% |
| Recurring financial charges | 65 | €105,614 | €2,291,157 | +€2.2m | +2,069% |
| Profit (loss) for the period before taxes | 9903 | -€10,542,739 | -€25,585,880 | -€15.0m | -143% |
| Income taxes | 67/77 | €19,199 | -€13,398 | -€32,597 | |
| Profit (loss) for the period | 9904 | -€10,561,938 | -€25,572,482 | -€15.0m | -142% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,561,938 | -€25,572,482 | -€15.0m | -142% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.