DIGITAL HERD: 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 HERD
Largest movements
- Receivables within one year +€238,537
up €238,537 (+136.8%), from €174,389 to €412,926
of which Trade receivables: +€133,273
- Cash +€52,494
up €52,494 (+10.9%), from €482,498 to €534,992
mainly Other debts (+€798,952) and Net result for the year (+€196,709)
- Other debts +€798,952
up €798,952 (+30031.3%), from €2,660 to €801,612
- Profit (loss) carried forward -€613,448
no longer reported in 2025 (was €613,448)
- Trade debts +€63,394
up €63,394 (+199.2%), from €31,826 to €95,220
- Tax, wage and social debts +€28,031
up €28,031 (+449.8%), from €6,232 to €34,264
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Gross operating margin -€297,660
down €297,660 (-51.4%), from €579,339 to €281,679
- Taxes -€61,969
down €61,969 (-47.2%), from €131,232 to €69,264
- Staff costs -€34,668
down €34,668 (-97.8%), from €35,445 to €777
- Financial charges +€12,041
up €12,041 (+978.1%), from €1,231 to €13,272
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €664,622 | €952,605 | +€287,982 | +43.3% |
| Fixed assets | 21/28 | €5,680 | €3,552 | -€2,127 | -37.5% |
| Tangible fixed assets | 22/27 | €3,680 | €1,552 | -€2,127 | -57.8% |
| Furniture and vehicles | 24 | €3,680 | €1,552 | -€2,127 | -57.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €658,943 | €949,052 | +€290,109 | +44.0% |
| Amounts receivable within one year | 40/41 | €174,389 | €412,926 | +€238,537 | +136.8% |
| Trade receivables | 40 | €150,431 | €283,704 | +€133,273 | +88.6% |
| Other amounts receivable | 41 | €23,958 | €129,222 | +€105,264 | +439.4% |
| Cash at bank and in hand | 54/58 | €482,498 | €534,992 | +€52,494 | +10.9% |
| Deferred charges and accrued income | 490/1 | €2,055 | €1,134 | -€921 | -44.8% |
| Total equity and liabilities | 10/49 | €664,622 | €952,605 | +€287,982 | +43.3% |
| Equity | 10/15 | €621,508 | €20,460 | -€601,048 | -96.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €613,448 | - | -€613,448 | |
| Amounts payable | 17/49 | €43,114 | €932,145 | +€889,031 | +2062.0% |
| Amounts payable within one year | 42/48 | €43,114 | €932,145 | +€889,031 | +2062.0% |
| Financial debts | 43 | €2,395 | €1,049 | -€1,346 | -56.2% |
| Credit institutions | 430/8 | €2,395 | €1,049 | -€1,346 | -56.2% |
| Trade debts | 44 | €31,826 | €95,220 | +€63,394 | +199.2% |
| Suppliers | 440/4 | €31,826 | €95,220 | +€63,394 | +199.2% |
| Taxes, remuneration and social security | 45 | €6,232 | €34,264 | +€28,031 | +449.8% |
| Taxes | 450/3 | €6,232 | €34,264 | +€28,031 | +449.8% |
| Other amounts payable | 47/48 | €2,660 | €801,612 | +€798,952 | +30031.3% |
| Remuneration, social security and pensions | 62 | €35,445 | €777 | -€34,668 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,512 | €2,127 | -€1,385 | -39.4% |
| Other operating charges | 640/8 | €1,017 | €407 | -€610 | -60.0% |
| Non-recurring operating charges | 66A | - | €428 | +€428 | |
| Gross operating margin | 9900 | €579,339 | €281,679 | -€297,660 | -51.4% |
| Operating profit (loss) | 9901 | €539,365 | €277,941 | -€261,425 | -48.5% |
| Financial income | 75/76B | €5 | €1,304 | +€1,299 | +25723.0% |
| Recurring financial income | 75 | €5 | €1,304 | +€1,299 | +25723.0% |
| Financial charges | 65/66B | €1,231 | €13,272 | +€12,041 | +978.1% |
| Recurring financial charges | 65 | €1,231 | €13,272 | +€12,041 | +978.1% |
| Profit (loss) for the period before taxes | 9903 | €538,139 | €265,972 | -€272,167 | -50.6% |
| Income taxes | 67/77 | €131,232 | €69,264 | -€61,969 | -47.2% |
| Profit (loss) for the period | 9904 | €406,907 | €196,709 | -€210,198 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €406,907 | €196,709 | -€210,198 | -51.7% |
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 7 October 2026 via checked.be.