Digital Excellence: 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 Excellence
Largest movements
- Receivables within one year -€46,375
down €46,375 (-91.0%), from €50,989 to €4,614
of which Trade receivables: -€48,560
- Tangible fixed assets -€4,701
no longer reported in 2025 (was €4,701)
- Cash -€1,368
down €1,368 (-22.5%), from €6,068 to €4,700
mainly Other debts (-€46,368) and Tax, wage and social debts (-€22,952)
- Deferred charges and accrued income -€1,137
down €1,137 (-90.6%), from €1,256 to €119
- Other debts -€46,368
down €46,368 (-26.5%), from €175,060 to €128,692
- Tax, wage and social debts -€22,952
down €22,952 (-98.2%), from €23,374 to €422
of which Remuneration and social security: -€14,532
- Profit (loss) carried forward +€22,850
up €22,850 (+10.8%), from -€211,427 to -€188,577
- Trade debts -€6,992
down €6,992 (-50.7%), from €13,795 to €6,803
- Turnover -€37,395
down €37,395 (-20.7%), from €180,585 to €143,190
- Gross operating margin -€26,002
down €26,002 (-17.5%), from €148,407 to €122,405
- Staff costs -€22,678
down €22,678 (-20.7%), from €109,813 to €87,135
- Purchases and services -€10,637
down €10,637 (-30.6%), from €34,726 to €24,089
- Financial charges -€2,184
down €2,184 (-18.5%), from €11,813 to €9,628
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 | €63,014 | €9,433 | -€53,581 | -85.0% |
| Fixed assets | 21/28 | €4,701 | - | -€4,701 | |
| Tangible fixed assets | 22/27 | €4,701 | - | -€4,701 | |
| Plant, machinery and equipment | 23 | €4,701 | - | -€4,701 | |
| Current assets | 29/58 | €58,313 | €9,433 | -€48,880 | -83.8% |
| Amounts receivable within one year | 40/41 | €50,989 | €4,614 | -€46,375 | -91.0% |
| Trade receivables | 40 | €50,989 | €2,429 | -€48,560 | -95.2% |
| Other amounts receivable | 41 | - | €2,185 | +€2,185 | |
| Cash at bank and in hand | 54/58 | €6,068 | €4,700 | -€1,368 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,256 | €119 | -€1,137 | -90.6% |
| Total equity and liabilities | 10/49 | €63,014 | €9,433 | -€53,581 | -85.0% |
| Equity | 10/15 | -€149,427 | -€126,577 | +€22,850 | +15.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,427 | -€188,577 | +€22,850 | +10.8% |
| Provisions and deferred taxes | 16 | €212 | €93 | -€119 | -56.1% |
| Provisions for liabilities and charges | 160/5 | €212 | €93 | -€119 | -56.1% |
| Pensions and similar obligations | 160 | €212 | €93 | -€119 | -56.1% |
| Amounts payable | 17/49 | €212,229 | €135,917 | -€76,313 | -36.0% |
| Amounts payable within one year | 42/48 | €212,229 | €135,917 | -€76,313 | -36.0% |
| Trade debts | 44 | €13,795 | €6,803 | -€6,992 | -50.7% |
| Suppliers | 440/4 | €13,795 | €6,803 | -€6,992 | -50.7% |
| Taxes, remuneration and social security | 45 | €23,374 | €422 | -€22,952 | -98.2% |
| Taxes | 450/3 | €8,842 | €422 | -€8,421 | -95.2% |
| Remuneration and social security | 454/9 | €14,532 | - | -€14,532 | |
| Other amounts payable | 47/48 | €175,060 | €128,692 | -€46,368 | -26.5% |
| Turnover | 70 | €180,585 | €143,190 | -€37,395 | -20.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,726 | €24,089 | -€10,637 | -30.6% |
| Remuneration, social security and pensions | 62 | €109,813 | €87,135 | -€22,678 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €1,024 | +€719 | +236.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €212 | -€119 | -€331 | |
| Other operating charges | 640/8 | €1,342 | €930 | -€411 | -30.7% |
| Non-recurring operating charges | 66A | - | €762 | +€762 | |
| Gross operating margin | 9900 | €148,407 | €122,405 | -€26,002 | -17.5% |
| Operating profit (loss) | 9901 | €36,737 | €32,674 | -€4,062 | -11.1% |
| Financial charges | 65/66B | €11,813 | €9,628 | -€2,184 | -18.5% |
| Recurring financial charges | 65 | €11,813 | €9,628 | -€2,184 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €24,924 | €23,046 | -€1,878 | -7.5% |
| Income taxes | 67/77 | €226 | €196 | -€30 | -13.4% |
| Profit (loss) for the period | 9904 | €24,698 | €22,850 | -€1,848 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,698 | €22,850 | -€1,848 | -7.5% |
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 10 October 2026 via checked.be.