DIGITAL ASSET MANAGEMENT: what changed
DIGITAL ASSET MANAGEMENT
Largest movements
- Cash -€36,329
down €36,329 (-54.2%), from €66,990 to €30,660
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€43,528)
- Tangible fixed assets +€25,520
up €25,520 (+17.9%), from €142,324 to €167,844
of which Other tangible fixed assets: +€27,036
- Receivables within one year +€15,532
up €15,532 (+26.7%), from €58,151 to €73,682
of which Trade receivables: +€15,730
- Reserves -€24,116
down €24,116 (-11.6%), from €207,630 to €183,514
of which Distributable reserves: -€24,116
- Other debts +€20,612
up €20,612 (+3,098%), from €665 to €21,278
- Tax, wage and social debts +€8,960
up €8,960 (+23.1%), from €38,708 to €47,668
- Gross operating margin +€38,459
up €38,459 (+25.8%), from €148,867 to €187,327
- Other operating charges -€21,394
down €21,394 (-89.5%), from €23,893 to €2,500
- Depreciation +€17,557
up €17,557 (+3,900%), from €450 to €18,007
- Taxes +€13,232
up €13,232 (+47.9%), from €27,628 to €40,860
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,542 | €276,216 | +€4,674 | +1.7% |
| Fixed assets | 21/28 | €142,324 | €167,844 | +€25,520 | +17.9% |
| Tangible fixed assets | 22/27 | €142,324 | €167,844 | +€25,520 | +17.9% |
| Plant, machinery and equipment | 23 | €2,905 | €1,636 | -€1,268 | -43.7% |
| Furniture and vehicles | 24 | €1,235 | €988 | -€247 | -20.0% |
| Other tangible fixed assets | 26 | €138,184 | €165,220 | +€27,036 | +19.6% |
| Current assets | 29/58 | €129,218 | €108,372 | -€20,847 | -16.1% |
| Amounts receivable within one year | 40/41 | €58,151 | €73,682 | +€15,532 | +26.7% |
| Trade receivables | 40 | €53,581 | €69,311 | +€15,730 | +29.4% |
| Other amounts receivable | 41 | €4,570 | €4,372 | -€198 | -4.3% |
| Current investments | 50/53 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,990 | €30,660 | -€36,329 | -54.2% |
| Deferred charges and accrued income | 490/1 | €3,878 | €3,829 | -€49 | -1.3% |
| Total equity and liabilities | 10/49 | €271,542 | €276,216 | +€4,674 | +1.7% |
| Equity | 10/15 | €226,230 | €202,114 | -€24,116 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,630 | €183,514 | -€24,116 | -11.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €205,770 | €181,654 | -€24,116 | -11.7% |
| Amounts payable | 17/49 | €45,312 | €74,101 | +€28,789 | +63.5% |
| Amounts payable within one year | 42/48 | €45,312 | €74,101 | +€28,789 | +63.5% |
| Trade debts | 44 | €5,938 | €5,156 | -€783 | -13.2% |
| Suppliers | 440/4 | €5,938 | €5,156 | -€783 | -13.2% |
| Taxes, remuneration and social security | 45 | €38,708 | €47,668 | +€8,960 | +23.1% |
| Taxes | 450/3 | €38,708 | €47,668 | +€8,960 | +23.1% |
| Other amounts payable | 47/48 | €665 | €21,278 | +€20,612 | +3,098% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €18,007 | +€17,557 | +3,900% |
| Other operating charges | 640/8 | €23,893 | €2,500 | -€21,394 | -89.5% |
| Gross operating margin | 9900 | €148,867 | €187,327 | +€38,459 | +25.8% |
| Operating profit (loss) | 9901 | €124,524 | €166,820 | +€42,296 | +34.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €144 | €75 | -€69 | -47.8% |
| Recurring financial charges | 65 | €144 | €75 | -€69 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €124,379 | €166,744 | +€42,365 | +34.1% |
| Income taxes | 67/77 | €27,628 | €40,860 | +€13,232 | +47.9% |
| Profit (loss) for the period | 9904 | €96,751 | €125,884 | +€29,133 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,751 | €125,884 | +€29,133 | +30.1% |
Next steps
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 5 November 2026 via checked.be.