DIGINATIVE: 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.
DIGINATIVE
Largest movements
- Cash -€115,015
down €115,015 (-95.5%), from €120,456 to €5,441
mainly Other debts (-€134,756) and Investment in fixed assets (net) (-€29,710)
- Receivables within one year +€26,623
up €26,623 (+113.9%), from €23,381 to €50,003
of which Trade receivables: +€26,707
- Tangible fixed assets +€12,762
up €12,762 (+11.1%), from €115,128 to €127,889
of which Furniture and vehicles: +€6,546
- Other debts -€134,756
down €134,756 (-96.7%), from €139,326 to €4,570
- Profit (loss) carried forward +€50,923
up €50,923 (+88.4%), from €57,628 to €108,552
- Tax, wage and social debts +€13,772
up €13,772 (+108.9%), from €12,652 to €26,425
of which Taxes: +€8,897
- Current portion of long-term debt +€11,304
up €11,304 (+105.7%), from €10,697 to €22,001
- Debts after one year -€11,063
down €11,063 (-52.2%), from €21,194 to €10,130
- Financial charges -€5,344
down €5,344 (-66.7%), from €8,015 to €2,671
of which Non-recurring financial charges: -€5,701
- Gross operating margin -€5,073
down €5,073 (-4.7%), from €106,943 to €101,870
- Depreciation +€2,277
up €2,277 (+15.5%), from €14,672 to €16,949
- Taxes +€2,211
up €2,211 (+14.2%), from €15,602 to €17,813
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 | €291,574 | €217,611 | -€73,963 | -25.4% |
| Fixed assets | 21/28 | €115,528 | €128,289 | +€12,762 | +11.0% |
| Tangible fixed assets | 22/27 | €115,128 | €127,889 | +€12,762 | +11.1% |
| Land and buildings | 22 | €98,952 | €103,901 | +€4,948 | +5.0% |
| Plant, machinery and equipment | 23 | €4,028 | €5,296 | +€1,267 | +31.5% |
| Furniture and vehicles | 24 | €12,147 | €18,693 | +€6,546 | +53.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €176,047 | €89,322 | -€86,725 | -49.3% |
| Amounts receivable within one year | 40/41 | €23,381 | €50,003 | +€26,623 | +113.9% |
| Trade receivables | 40 | €23,296 | €50,003 | +€26,707 | +114.6% |
| Other amounts receivable | 41 | €85 | - | -€85 | |
| Current investments | 50/53 | €31,434 | €33,076 | +€1,642 | +5.2% |
| Cash at bank and in hand | 54/58 | €120,456 | €5,441 | -€115,015 | -95.5% |
| Deferred charges and accrued income | 490/1 | €776 | €801 | +€25 | +3.2% |
| Total equity and liabilities | 10/49 | €291,574 | €217,611 | -€73,963 | -25.4% |
| Equity | 10/15 | €96,228 | €147,152 | +€50,923 | +52.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,628 | €108,552 | +€50,923 | +88.4% |
| Amounts payable | 17/49 | €195,346 | €70,460 | -€124,887 | -63.9% |
| Amounts payable after more than one year | 17 | €21,194 | €10,130 | -€11,063 | -52.2% |
| Financial debts | 170/4 | €21,194 | €10,130 | -€11,063 | -52.2% |
| Amounts payable within one year | 42/48 | €174,153 | €60,329 | -€113,823 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €10,697 | €22,001 | +€11,304 | +105.7% |
| Financial debts | 43 | €10,180 | €5,263 | -€4,916 | -48.3% |
| Credit institutions | 430/8 | €10,180 | €5,263 | -€4,916 | -48.3% |
| Trade debts | 44 | €1,297 | €2,070 | +€773 | +59.6% |
| Suppliers | 440/4 | €1,297 | €2,070 | +€773 | +59.6% |
| Taxes, remuneration and social security | 45 | €12,652 | €26,425 | +€13,772 | +108.9% |
| Taxes | 450/3 | €12,652 | €21,550 | +€8,897 | +70.3% |
| Remuneration and social security | 454/9 | - | €4,875 | +€4,875 | |
| Other amounts payable | 47/48 | €139,326 | €4,570 | -€134,756 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,672 | €16,949 | +€2,277 | +15.5% |
| Other operating charges | 640/8 | €743 | €650 | -€92 | -12.4% |
| Gross operating margin | 9900 | €106,943 | €101,870 | -€5,073 | -4.7% |
| Operating profit (loss) | 9901 | €91,529 | €84,271 | -€7,257 | -7.9% |
| Financial income | 75/76B | €2,210 | €2,136 | -€74 | -3.4% |
| Recurring financial income | 75 | €1,769 | €2,136 | +€367 | +20.8% |
| Non-recurring financial income | 76B | €441 | - | -€441 | |
| Financial charges | 65/66B | €8,015 | €2,671 | -€5,344 | -66.7% |
| Recurring financial charges | 65 | €2,313 | €2,671 | +€358 | +15.5% |
| Non-recurring financial charges | 66B | €5,701 | - | -€5,701 | |
| Profit (loss) for the period before taxes | 9903 | €85,724 | €83,736 | -€1,988 | -2.3% |
| Income taxes | 67/77 | €15,602 | €17,813 | +€2,211 | +14.2% |
| Profit (loss) for the period | 9904 | €70,123 | €65,923 | -€4,199 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,123 | €65,923 | -€4,199 | -6.0% |
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.