DIGITAL CORDON BLEU: 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 CORDON BLEU
Largest movements
- Cash -€12,293
down €12,293 (-34.6%), from €35,552 to €23,259
mainly Net result for the year (-€13,609) and Trade debts (-€1,326)
- Tangible fixed assets -€3,811
down €3,811 (-13.2%), from €28,895 to €25,084
of which Land and buildings: -€2,250
- Reserves -€14,000
down €14,000 (-50.3%), from €27,833 to €13,833
of which Distributable reserves: -€14,000
- Trade debts -€1,326
down €1,326 (-14.1%), from €9,422 to €8,096
- Other debts -€970
down €970 (-4.6%), from €21,115 to €20,145
- Gross operating margin +€4,990
up €4,990 (+37.4%), from -€13,334 to -€8,344
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 | €65,604 | €49,515 | -€16,089 | -24.5% |
| Fixed assets | 21/28 | €28,912 | €25,102 | -€3,811 | -13.2% |
| Tangible fixed assets | 22/27 | €28,895 | €25,084 | -€3,811 | -13.2% |
| Land and buildings | 22 | €18,000 | €15,750 | -€2,250 | -12.5% |
| Other tangible fixed assets | 26 | €10,895 | €9,334 | -€1,561 | -14.3% |
| Financial fixed assets | 28 | €18 | €18 | = | 0.0% |
| Current assets | 29/58 | €36,691 | €24,414 | -€12,278 | -33.5% |
| Amounts receivable within one year | 40/41 | €708 | €707 | -€1 | -0.2% |
| Trade receivables | 40 | €193 | €559 | +€366 | +190% |
| Other amounts receivable | 41 | €515 | €148 | -€367 | -71.3% |
| Cash at bank and in hand | 54/58 | €35,552 | €23,259 | -€12,293 | -34.6% |
| Deferred charges and accrued income | 490/1 | €432 | €448 | +€16 | +3.7% |
| Total equity and liabilities | 10/49 | €65,604 | €49,515 | -€16,089 | -24.5% |
| Equity | 10/15 | €34,174 | €20,565 | -€13,609 | -39.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,833 | €13,833 | -€14,000 | -50.3% |
| 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 | €25,973 | €11,973 | -€14,000 | -53.9% |
| Profit (loss) carried forward | 14 | €141 | €533 | +€391 | +276% |
| Amounts payable | 17/49 | €31,429 | €28,950 | -€2,480 | -7.9% |
| Amounts payable within one year | 42/48 | €31,375 | €28,896 | -€2,480 | -7.9% |
| Trade debts | 44 | €9,422 | €8,096 | -€1,326 | -14.1% |
| Suppliers | 440/4 | €9,422 | €8,096 | -€1,326 | -14.1% |
| Taxes, remuneration and social security | 45 | €839 | €655 | -€184 | -22.0% |
| Taxes | 450/3 | €839 | €655 | -€184 | -22.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,115 | €20,145 | -€970 | -4.6% |
| Accrued charges and deferred income | 492/3 | €54 | €54 | +€0 | +0.1% |
| Non-recurring operating income | 76A | €3,810 | - | -€3,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,811 | €3,811 | = | 0.0% |
| Other operating charges | 640/8 | €1,208 | €1,257 | +€48 | +4.0% |
| Gross operating margin | 9900 | -€13,334 | -€8,344 | +€4,990 | +37.4% |
| Operating profit (loss) | 9901 | -€18,353 | -€13,412 | +€4,942 | +26.9% |
| Financial income | 75/76B | €70 | €0 | -€70 | -100% |
| Recurring financial income | 75 | €70 | €0 | -€70 | -100% |
| Financial charges | 65/66B | €41 | €58 | +€17 | +41.1% |
| Recurring financial charges | 65 | €41 | €58 | +€17 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,325 | -€13,469 | +€4,855 | +26.5% |
| Income taxes | 67/77 | €134 | €140 | +€5 | +3.9% |
| Profit (loss) for the period | 9904 | -€18,459 | -€13,609 | +€4,850 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,459 | -€13,609 | +€4,850 | +26.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.