DIGITAL COMPETITIVE: 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 COMPETITIVE
Largest movements
- Receivables within one year -€18,097
down €18,097 (-71.7%), from €25,233 to €7,136
of which Trade receivables: -€18,097
- Receivables after one year -€11,400
down €11,400 (-16.3%), from €69,850 to €58,450
- Intangible fixed assets -€9,285
down €9,285 (-26.0%), from €35,749 to €26,464
- Tangible fixed assets -€3,989
down €3,989 (-33.8%), from €11,801 to €7,812
of which Plant, machinery and equipment: -€2,079
- Short-term financial debts -€13,400
down €13,400 (-87.6%), from €15,302 to €1,902
- Trade debts -€7,967
down €7,967 (-23.2%), from €34,272 to €26,305
- Tax, wage and social debts -€7,791
down €7,791 (-30.6%), from €25,468 to €17,677
- Profit (loss) carried forward -€7,521
down €7,521 (-19.1%), from -€39,417 to -€46,938
- Current portion of long-term debt -€4,682
down €4,682 (-22.7%), from €20,614 to €15,932
- Gross operating margin +€28,760
up €28,760, from -€10,912 to €17,847
- Depreciation -€3,705
down €3,705 (-21.8%), from €16,979 to €13,275
- Financial charges +€1,157
up €1,157 (+11.4%), from €10,172 to €11,329
- Other operating charges -€741
down €741 (-23.9%), from €3,100 to €2,359
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 | €146,464 | €104,848 | -€41,616 | -28.4% |
| Fixed assets | 21/28 | €47,550 | €34,276 | -€13,275 | -27.9% |
| Intangible fixed assets | 21 | €35,749 | €26,464 | -€9,285 | -26.0% |
| Tangible fixed assets | 22/27 | €11,801 | €7,812 | -€3,989 | -33.8% |
| Plant, machinery and equipment | 23 | €8,633 | €6,555 | -€2,079 | -24.1% |
| Furniture and vehicles | 24 | €3,168 | €1,257 | -€1,911 | -60.3% |
| Current assets | 29/58 | €98,913 | €70,572 | -€28,341 | -28.7% |
| Amounts receivable after more than one year | 29 | €69,850 | €58,450 | -€11,400 | -16.3% |
| Other amounts receivable | 291 | €69,850 | €58,450 | -€11,400 | -16.3% |
| Amounts receivable within one year | 40/41 | €25,233 | €7,136 | -€18,097 | -71.7% |
| Trade receivables | 40 | €25,233 | €7,136 | -€18,097 | -71.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €60 | +€60 | |
| Deferred charges and accrued income | 490/1 | €3,830 | €4,927 | +€1,096 | +28.6% |
| Total equity and liabilities | 10/49 | €146,464 | €104,848 | -€41,616 | -28.4% |
| Equity | 10/15 | €7,823 | €302 | -€7,521 | -96.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,840 | €34,840 | = | 0.0% |
| Distributable reserves | 133 | €34,840 | €34,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,417 | -€46,938 | -€7,521 | -19.1% |
| Amounts payable | 17/49 | €138,640 | €104,546 | -€34,094 | -24.6% |
| Amounts payable after more than one year | 17 | €41,391 | €42,688 | +€1,296 | +3.1% |
| Financial debts | 170/4 | €41,391 | €42,688 | +€1,296 | +3.1% |
| Amounts payable within one year | 42/48 | €97,202 | €61,858 | -€35,344 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €20,614 | €15,932 | -€4,682 | -22.7% |
| Financial debts | 43 | €15,302 | €1,902 | -€13,400 | -87.6% |
| Credit institutions | 430/8 | €15,302 | €1,902 | -€13,400 | -87.6% |
| Trade debts | 44 | €34,272 | €26,305 | -€7,967 | -23.2% |
| Suppliers | 440/4 | €34,272 | €26,305 | -€7,967 | -23.2% |
| Taxes, remuneration and social security | 45 | €25,468 | €17,677 | -€7,791 | -30.6% |
| Taxes | 450/3 | €25,468 | €17,677 | -€7,791 | -30.6% |
| Other amounts payable | 47/48 | €1,546 | €43 | -€1,503 | -97.2% |
| Accrued charges and deferred income | 492/3 | €47 | €0 | -€47 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,979 | €13,275 | -€3,705 | -21.8% |
| Other operating charges | 640/8 | €3,100 | €2,359 | -€741 | -23.9% |
| Gross operating margin | 9900 | -€10,912 | €17,847 | +€28,760 | |
| Operating profit (loss) | 9901 | -€30,992 | €2,214 | +€33,205 | |
| Financial income | 75/76B | €1,847 | €1,735 | -€112 | -6.1% |
| Recurring financial income | 75 | €1,847 | €1,735 | -€112 | -6.1% |
| Financial charges | 65/66B | €10,172 | €11,329 | +€1,157 | +11.4% |
| Recurring financial charges | 65 | €10,172 | €11,329 | +€1,157 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,316 | -€7,380 | +€31,936 | +81.2% |
| Income taxes | 67/77 | €101 | €141 | +€40 | +39.6% |
| Profit (loss) for the period | 9904 | -€39,417 | -€7,521 | +€31,896 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,417 | -€7,521 | +€31,896 | +80.9% |
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 12 October 2026 via checked.be.