DIGITAL LEAD: 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 LEAD
Largest movements
- Receivables within one year -€113,080
down €113,080 (-21.5%), from €526,177 to €413,096
of which Other amounts receivable: -€179,464
- Cash -€46,115
down €46,115 (-8.3%), from €556,310 to €510,195
mainly Contributions, distributions and other (-€150,000) and Other debts (-€121,109)
- Reserves -€150,000
down €150,000 (-25.4%), from €590,000 to €440,000
- Other debts -€121,109
down €121,109 (-44.6%), from €271,688 to €150,579
- Trade debts +€63,502
up €63,502 (+28.0%), from €227,015 to €290,517
- Tax, wage and social debts +€58,342
up €58,342 (+217.8%), from €26,792 to €85,134
of which Taxes: +€56,499
- Gross operating margin -€141,839
down €141,839 (-57.8%), from €245,436 to €103,597
- Taxes -€57,904
down €57,904, from €50,787 to -€7,117
- Staff costs +€4,224
up €4,224 (+3.9%), from €109,565 to €113,789
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 | €1,134,095 | €976,001 | -€158,094 | -13.9% |
| Fixed assets | 21/28 | €50,596 | €51,219 | +€623 | +1.2% |
| Tangible fixed assets | 22/27 | €596 | €1,219 | +€623 | +104.7% |
| Furniture and vehicles | 24 | €596 | €1,219 | +€623 | +104.7% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €1,083,499 | €924,782 | -€158,717 | -14.6% |
| Amounts receivable within one year | 40/41 | €526,177 | €413,096 | -€113,080 | -21.5% |
| Trade receivables | 40 | €249,255 | €315,639 | +€66,384 | +26.6% |
| Other amounts receivable | 41 | €276,922 | €97,457 | -€179,464 | -64.8% |
| Cash at bank and in hand | 54/58 | €556,310 | €510,195 | -€46,115 | -8.3% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,491 | +€478 | +47.3% |
| Total equity and liabilities | 10/49 | €1,134,095 | €976,001 | -€158,094 | -13.9% |
| Equity | 10/15 | €608,600 | €449,772 | -€158,828 | -26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €590,000 | €440,000 | -€150,000 | -25.4% |
| Distributable reserves | 133 | €590,000 | €440,000 | -€150,000 | -25.4% |
| Profit (loss) carried forward | 14 | - | -€8,828 | -€8,828 | |
| Amounts payable | 17/49 | €525,495 | €526,229 | +€735 | +0.1% |
| Amounts payable within one year | 42/48 | €525,495 | €526,229 | +€735 | +0.1% |
| Trade debts | 44 | €227,015 | €290,517 | +€63,502 | +28.0% |
| Suppliers | 440/4 | €227,015 | €290,517 | +€63,502 | +28.0% |
| Taxes, remuneration and social security | 45 | €26,792 | €85,134 | +€58,342 | +217.8% |
| Taxes | 450/3 | €6,530 | €63,029 | +€56,499 | +865.2% |
| Remuneration and social security | 454/9 | €20,262 | €22,104 | +€1,843 | +9.1% |
| Other amounts payable | 47/48 | €271,688 | €150,579 | -€121,109 | -44.6% |
| Remuneration, social security and pensions | 62 | €109,565 | €113,789 | +€4,224 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €655 | +€2 | +0.4% |
| Other operating charges | 640/8 | €2,572 | €2,457 | -€115 | -4.5% |
| Non-recurring operating charges | 66A | €22,783 | €0 | -€22,783 | -100.0% |
| Gross operating margin | 9900 | €245,436 | €103,597 | -€141,839 | -57.8% |
| Operating profit (loss) | 9901 | €109,862 | -€13,304 | -€123,166 | |
| Financial income | 75/76B | €1,961 | €4 | -€1,958 | -99.8% |
| Recurring financial income | 75 | €1,961 | €4 | -€1,958 | -99.8% |
| Financial charges | 65/66B | €984 | €2,645 | +€1,662 | +168.9% |
| Recurring financial charges | 65 | €984 | €2,645 | +€1,662 | +168.9% |
| Profit (loss) for the period before taxes | 9903 | €110,840 | -€15,945 | -€126,786 | |
| Income taxes | 67/77 | €50,787 | -€7,117 | -€57,904 | |
| Profit (loss) for the period | 9904 | €60,054 | -€8,828 | -€68,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,054 | -€8,828 | -€68,882 |
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 8 October 2026 via checked.be.