DIGITAL EXPERTISE: 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 EXPERTISE
Largest movements
- Current investments -€24,513
down €24,513 (-49.0%), from €50,000 to €25,487
- Cash -€6,270
down €6,270 (-26.0%), from €24,117 to €17,846
mainly Net result for the year (-€19,323) and Investment in fixed assets (net) (-€10,660)
- Tangible fixed assets +€4,580
up €4,580 (+29.3%), from €15,651 to €20,231
of which Plant, machinery and equipment: +€4,757
- Reserves -€19,323
down €19,323 (-23.0%), from €84,065 to €64,742
of which Distributable reserves: -€19,323
- Other debts -€4,866
down €4,866 (-61.5%), from €7,916 to €3,050
- Gross operating margin -€15,699
down €15,699, from €2,866 to -€12,833
- Financial income +€1,499
new in 2025: €1,499
- Depreciation +€1,415
up €1,415 (+30.3%), from €4,665 to €6,080
- Financial charges +€692
up €692 (+165%), from €418 to €1,110
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 | €113,167 | €88,049 | -€25,118 | -22.2% |
| Fixed assets | 21/28 | €15,651 | €20,231 | +€4,580 | +29.3% |
| Tangible fixed assets | 22/27 | €15,651 | €20,231 | +€4,580 | +29.3% |
| Plant, machinery and equipment | 23 | €6,871 | €11,628 | +€4,757 | +69.2% |
| Furniture and vehicles | 24 | €3,118 | €2,659 | -€459 | -14.7% |
| Assets under construction and advance payments | 27 | €5,662 | €5,944 | +€282 | +5.0% |
| Current assets | 29/58 | €97,516 | €67,818 | -€29,698 | -30.5% |
| Amounts receivable within one year | 40/41 | €21,335 | €22,074 | +€739 | +3.5% |
| Trade receivables | 40 | €8,003 | €10,164 | +€2,161 | +27.0% |
| Other amounts receivable | 41 | €13,332 | €11,910 | -€1,422 | -10.7% |
| Current investments | 50/53 | €50,000 | €25,487 | -€24,513 | -49.0% |
| Cash at bank and in hand | 54/58 | €24,117 | €17,846 | -€6,270 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,065 | €2,411 | +€346 | +16.7% |
| Total equity and liabilities | 10/49 | €113,167 | €88,049 | -€25,118 | -22.2% |
| Equity | 10/15 | €102,665 | €83,342 | -€19,323 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,065 | €64,742 | -€19,323 | -23.0% |
| 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 | €82,205 | €62,882 | -€19,323 | -23.5% |
| Amounts payable | 17/49 | €10,502 | €4,707 | -€5,795 | -55.2% |
| Amounts payable within one year | 42/48 | €10,502 | €4,707 | -€5,795 | -55.2% |
| Trade debts | 44 | €1,559 | €677 | -€881 | -56.5% |
| Suppliers | 440/4 | €1,559 | €677 | -€881 | -56.5% |
| Taxes, remuneration and social security | 45 | €1,027 | €980 | -€48 | -4.7% |
| Taxes | 450/3 | €1,027 | €980 | -€48 | -4.7% |
| Other amounts payable | 47/48 | €7,916 | €3,050 | -€4,866 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,665 | €6,080 | +€1,415 | +30.3% |
| Other operating charges | 640/8 | €696 | €644 | -€52 | -7.5% |
| Gross operating margin | 9900 | €2,866 | -€12,833 | -€15,699 | |
| Operating profit (loss) | 9901 | -€2,495 | -€19,558 | -€17,063 | -684% |
| Financial income | 75/76B | - | €1,499 | +€1,499 | |
| Recurring financial income | 75 | - | €1,499 | +€1,499 | |
| Financial charges | 65/66B | €418 | €1,110 | +€692 | +165% |
| Recurring financial charges | 65 | €418 | €1,110 | +€692 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€2,913 | -€19,169 | -€16,256 | -558% |
| Income taxes | 67/77 | €202 | €154 | -€48 | -23.7% |
| Profit (loss) for the period | 9904 | -€3,115 | -€19,323 | -€16,208 | -520% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,115 | -€19,323 | -€16,208 | -520% |
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 15 October 2026 via checked.be.