DIGITAL AVENUES: 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.
DIGITAL AVENUES
Largest movements
- Receivables after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Receivables within one year +€38,233
up €38,233 (+63.7%), from €60,042 to €98,276
of which Other amounts receivable: +€52,483
- Cash -€17,807
down €17,807 (-86.7%), from €20,540 to €2,733
mainly Contributions, distributions and other (-€73,000) and Receivables within one year (-€38,233)
- Deferred charges and accrued income -€5,000
down €5,000 (-94.9%), from €5,270 to €270
- Financial fixed assets -€3,900
down €3,900 (-100%), from €3,900 to €0
- Profit (loss) carried forward -€93,633
down €93,633 (-82.8%), from €113,064 to €19,431
- Other debts +€55,480
new in 2025: €55,480
- Tax, wage and social debts +€15,420
up €15,420 (+734%), from €2,100 to €17,520
- Current portion of long-term debt -€6,791
down €6,791 (-100%), from €6,791 to €0
- Gross operating margin -€84,238
down €84,238, from €61,309 to -€22,929
- Other operating charges -€48,359
down €48,359 (-99.2%), from €48,759 to €400
- Write-downs +€48,289
up €48,289, from -€48,289 to €0
- Taxes -€13,227
down €13,227 (-99.7%), from €13,268 to €41
- Depreciation -€1,512
down €1,512 (-67.7%), from €2,235 to €723
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 | €130,682 | €101,486 | -€29,196 | -22.3% |
| Fixed assets | 21/28 | €4,830 | €207 | -€4,623 | -95.7% |
| Tangible fixed assets | 22/27 | €930 | €207 | -€723 | -77.7% |
| Furniture and vehicles | 24 | €757 | €207 | -€550 | -72.6% |
| Other tangible fixed assets | 26 | €173 | €0 | -€173 | -100% |
| Financial fixed assets | 28 | €3,900 | €0 | -€3,900 | -100% |
| Current assets | 29/58 | €125,853 | €101,279 | -€24,574 | -19.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts receivable | 291 | €40,000 | €0 | -€40,000 | -100% |
| Amounts receivable within one year | 40/41 | €60,042 | €98,276 | +€38,233 | +63.7% |
| Trade receivables | 40 | €14,250 | €0 | -€14,250 | -100% |
| Other amounts receivable | 41 | €45,792 | €98,276 | +€52,483 | +115% |
| Cash at bank and in hand | 54/58 | €20,540 | €2,733 | -€17,807 | -86.7% |
| Deferred charges and accrued income | 490/1 | €5,270 | €270 | -€5,000 | -94.9% |
| Total equity and liabilities | 10/49 | €130,682 | €101,486 | -€29,196 | -22.3% |
| Equity | 10/15 | €121,064 | €27,431 | -€93,633 | -77.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,064 | €19,431 | -€93,633 | -82.8% |
| Amounts payable | 17/49 | €9,618 | €74,056 | +€64,437 | +670% |
| Amounts payable within one year | 42/48 | €9,618 | €74,056 | +€64,437 | +670% |
| Current portion of amounts payable after more than one year | 42 | €6,791 | €0 | -€6,791 | -100% |
| Trade debts | 44 | €727 | €1,056 | +€329 | +45.2% |
| Suppliers | 440/4 | €727 | €1,056 | +€329 | +45.2% |
| Taxes, remuneration and social security | 45 | €2,100 | €17,520 | +€15,420 | +734% |
| Taxes | 450/3 | €2,100 | €17,520 | +€15,420 | +734% |
| Other amounts payable | 47/48 | - | €55,480 | +€55,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €723 | -€1,512 | -67.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€48,289 | €0 | +€48,289 | |
| Other operating charges | 640/8 | €48,759 | €400 | -€48,359 | -99.2% |
| Gross operating margin | 9900 | €61,309 | -€22,929 | -€84,238 | |
| Operating profit (loss) | 9901 | €58,604 | -€24,052 | -€82,655 | |
| Financial income | 75/76B | €3,151 | €3,686 | +€535 | +17.0% |
| Recurring financial income | 75 | €3,151 | €3,686 | +€535 | +17.0% |
| Financial charges | 65/66B | €965 | €227 | -€739 | -76.5% |
| Recurring financial charges | 65 | €965 | €227 | -€739 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €60,789 | -€20,593 | -€81,381 | |
| Income taxes | 67/77 | €13,268 | €41 | -€13,227 | -99.7% |
| Profit (loss) for the period | 9904 | €47,521 | -€20,633 | -€68,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,521 | -€20,633 | -€68,154 |
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 23 October 2026 via checked.be.