Digi-Flow: 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.
Digi-Flow
Largest movements
- Stocks and contracts -€235,403
down €235,403 (-50.4%), from €467,380 to €231,977
of which Contracts in progress: -€261,637
- Deferred charges and accrued income -€178,311
down €178,311 (-49.2%), from €362,274 to €183,963
- Cash -€90,281
down €90,281 (-81.8%), from €110,415 to €20,134
mainly Short-term financial debts (-€329,746) and Tax, wage and social debts (-€113,984)
- Receivables within one year -€73,000
down €73,000 (-5.7%), from €1.3m to €1.2m
of which Trade receivables: -€76,334
- Short-term financial debts -€329,746
down €329,746 (-51.5%), from €640,409 to €310,663
- Tax, wage and social debts -€113,984
down €113,984 (-43.7%), from €260,701 to €146,717
of which Remuneration and social security: -€112,389
- Advances received -€86,034
down €86,034 (-23.5%), from €365,824 to €279,790
- Profit (loss) carried forward -€77,902
down €77,902 (-47.9%), from -€162,704 to -€240,606
- Other debts +€43,111
up €43,111 (+57.5%), from €75,000 to €118,111
- Gross operating margin -€708,158
down €708,158 (-34.0%), from €2.1m to €1.4m
- Staff costs -€468,020
down €468,020 (-26.0%), from €1.8m to €1.3m
- Depreciation -€66,133
down €66,133 (-71.2%), from €92,926 to €26,793
- Financial charges -€29,443
down €29,443 (-23.3%), from €126,494 to €97,051
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,312,256 | €1,717,147 | -€595,109 | -25.7% |
| Formation expenses | 20 | €1,897 | €0 | -€1,897 | -100.0% |
| Fixed assets | 21/28 | €80,116 | €63,898 | -€16,218 | -20.2% |
| Tangible fixed assets | 22/27 | €59,365 | €42,622 | -€16,743 | -28.2% |
| Plant, machinery and equipment | 23 | €7,733 | €5,566 | -€2,167 | -28.0% |
| Furniture and vehicles | 24 | €46,729 | €32,949 | -€13,780 | -29.5% |
| Other tangible fixed assets | 26 | €4,903 | €4,107 | -€796 | -16.2% |
| Financial fixed assets | 28 | €20,751 | €21,276 | +€525 | +2.5% |
| Current assets | 29/58 | €2,230,243 | €1,653,249 | -€576,995 | -25.9% |
| Stocks and contracts in progress | 3 | €467,380 | €231,977 | -€235,403 | -50.4% |
| Stocks | 30/36 | €114,361 | €140,596 | +€26,235 | +22.9% |
| Contracts in progress | 37 | €353,018 | €91,381 | -€261,637 | -74.1% |
| Amounts receivable within one year | 40/41 | €1,290,175 | €1,217,175 | -€73,000 | -5.7% |
| Trade receivables | 40 | €855,212 | €778,878 | -€76,334 | -8.9% |
| Other amounts receivable | 41 | €434,963 | €438,297 | +€3,334 | +0.8% |
| Cash at bank and in hand | 54/58 | €110,415 | €20,134 | -€90,281 | -81.8% |
| Deferred charges and accrued income | 490/1 | €362,274 | €183,963 | -€178,311 | -49.2% |
| Total equity and liabilities | 10/49 | €2,312,256 | €1,717,147 | -€595,109 | -25.7% |
| Equity | 10/15 | -€142,244 | -€220,146 | -€77,902 | -54.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,704 | -€240,606 | -€77,902 | -47.9% |
| Amounts payable | 17/49 | €2,454,500 | €1,937,292 | -€517,208 | -21.1% |
| Amounts payable after more than one year | 17 | €886,884 | €915,000 | +€28,116 | +3.2% |
| Financial debts | 170/4 | €886,884 | €915,000 | +€28,116 | +3.2% |
| Amounts payable within one year | 42/48 | €1,557,525 | €1,019,823 | -€537,702 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €64,481 | €46,884 | -€17,597 | -27.3% |
| Financial debts | 43 | €640,409 | €310,663 | -€329,746 | -51.5% |
| Credit institutions | 430/8 | €640,409 | €310,663 | -€329,746 | -51.5% |
| Trade debts | 44 | €151,109 | €117,657 | -€33,452 | -22.1% |
| Suppliers | 440/4 | €151,109 | €117,657 | -€33,452 | -22.1% |
| Advances received on contracts in progress | 46 | €365,824 | €279,790 | -€86,034 | -23.5% |
| Taxes, remuneration and social security | 45 | €260,701 | €146,717 | -€113,984 | -43.7% |
| Taxes | 450/3 | €50,759 | €49,164 | -€1,595 | -3.1% |
| Remuneration and social security | 454/9 | €209,942 | €97,553 | -€112,389 | -53.5% |
| Other amounts payable | 47/48 | €75,000 | €118,111 | +€43,111 | +57.5% |
| Accrued charges and deferred income | 492/3 | €10,091 | €2,469 | -€7,621 | -75.5% |
| Remuneration, social security and pensions | 62 | €1,801,057 | €1,333,037 | -€468,020 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,926 | €26,793 | -€66,133 | -71.2% |
| Other operating charges | 640/8 | €4,738 | €2,666 | -€2,072 | -43.7% |
| Gross operating margin | 9900 | €2,084,574 | €1,376,416 | -€708,158 | -34.0% |
| Operating profit (loss) | 9901 | €185,853 | €13,920 | -€171,933 | -92.5% |
| Financial income | 75/76B | €9,368 | €8,355 | -€1,013 | -10.8% |
| Recurring financial income | 75 | €9,368 | €8,355 | -€1,013 | -10.8% |
| Financial charges | 65/66B | €126,494 | €97,051 | -€29,443 | -23.3% |
| Recurring financial charges | 65 | €126,494 | €97,051 | -€29,443 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €68,727 | -€74,776 | -€143,503 | |
| Income taxes | 67/77 | €4,666 | €3,125 | -€1,540 | -33.0% |
| Profit (loss) for the period | 9904 | €64,061 | -€77,902 | -€141,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,061 | -€77,902 | -€141,963 |
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 6 October 2026 via checked.be.