Digital Circle: 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.
Digital Circle
Largest movements
- Cash +€69,369
up €69,369 (+177.4%), from €39,107 to €108,476
mainly Net result for the year (+€78,410) and Tax, wage and social debts (+€14,340)
- Tangible fixed assets +€12,760
up €12,760 (+380.2%), from €3,356 to €16,116
of which Other tangible fixed assets: +€11,567
- Receivables within one year +€10,670
up €10,670 (+57.5%), from €18,572 to €29,242
of which Trade receivables: +€10,735
- Profit (loss) carried forward +€78,410
up €78,410 (+204.5%), from €38,349 to €116,758
- Tax, wage and social debts +€14,340
up €14,340 (+71.1%), from €20,173 to €34,513
- Gross operating margin +€51,765
up €51,765 (+102.9%), from €50,315 to €102,080
- Taxes +€10,459
up €10,459 (+103.3%), from €10,127 to €20,586
- Depreciation +€1,983
up €1,983 (+404.8%), from €490 to €2,472
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 | €61,314 | €154,118 | +€92,804 | +151.4% |
| Fixed assets | 21/28 | €3,356 | €16,116 | +€12,760 | +380.2% |
| Tangible fixed assets | 22/27 | €3,356 | €16,116 | +€12,760 | +380.2% |
| Plant, machinery and equipment | 23 | €2,049 | €1,204 | -€845 | -41.2% |
| Furniture and vehicles | 24 | - | €2,038 | +€2,038 | |
| Other tangible fixed assets | 26 | €1,307 | €12,874 | +€11,567 | +884.9% |
| Current assets | 29/58 | €57,958 | €138,002 | +€80,044 | +138.1% |
| Amounts receivable within one year | 40/41 | €18,572 | €29,242 | +€10,670 | +57.5% |
| Trade receivables | 40 | €18,507 | €29,242 | +€10,735 | +58.0% |
| Other amounts receivable | 41 | €65 | - | -€65 | |
| Cash at bank and in hand | 54/58 | €39,107 | €108,476 | +€69,369 | +177.4% |
| Deferred charges and accrued income | 490/1 | €279 | €284 | +€4 | +1.6% |
| Total equity and liabilities | 10/49 | €61,314 | €154,118 | +€92,804 | +151.4% |
| Equity | 10/15 | €40,349 | €118,758 | +€78,410 | +194.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,349 | €116,758 | +€78,410 | +204.5% |
| Amounts payable | 17/49 | €20,966 | €35,360 | +€14,394 | +68.7% |
| Amounts payable within one year | 42/48 | €20,966 | €35,360 | +€14,394 | +68.7% |
| Trade debts | 44 | €793 | €457 | -€336 | -42.4% |
| Suppliers | 440/4 | €793 | €457 | -€336 | -42.4% |
| Taxes, remuneration and social security | 45 | €20,173 | €34,513 | +€14,340 | +71.1% |
| Taxes | 450/3 | €20,173 | €34,513 | +€14,340 | +71.1% |
| Other amounts payable | 47/48 | - | €390 | +€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €2,472 | +€1,983 | +404.8% |
| Other operating charges | 640/8 | €1,298 | €541 | -€758 | -58.3% |
| Gross operating margin | 9900 | €50,315 | €102,080 | +€51,765 | +102.9% |
| Operating profit (loss) | 9901 | €48,527 | €99,067 | +€50,540 | +104.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €53 | €71 | +€18 | +34.1% |
| Recurring financial charges | 65 | €53 | €71 | +€18 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €48,476 | €98,996 | +€50,520 | +104.2% |
| Income taxes | 67/77 | €10,127 | €20,586 | +€10,459 | +103.3% |
| Profit (loss) for the period | 9904 | €38,349 | €78,410 | +€40,061 | +104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,349 | €78,410 | +€40,061 | +104.5% |
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.