Digital LM: 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 LM
Largest movements
- Cash -€36,634
down €36,634 (-50.4%), from €72,624 to €35,990
mainly Contributions, distributions and other (-€57,508) and Trade debts (-€4,026)
- Tangible fixed assets +€1,970
up €1,970 (+71.3%), from €2,762 to €4,732
of which Plant, machinery and equipment: +€2,141
- Reserves -€33,891
down €33,891 (-58.9%), from €57,508 to €23,617
- Tax, wage and social debts +€4,059
up €4,059 (+28.3%), from €14,361 to €18,420
- Trade debts -€4,026
down €4,026 (-34.2%), from €11,773 to €7,747
- Other debts -€1,400
no longer reported in 2025 (was €1,400)
- Gross operating margin -€11,056
down €11,056 (-24.4%), from €45,276 to €34,221
- Taxes -€2,125
down €2,125 (-24.5%), from €8,658 to €6,533
- Financial charges -€757
down €757 (-25.6%), from €2,961 to €2,204
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 | €87,542 | €52,284 | -€35,258 | -40.3% |
| Fixed assets | 21/28 | €2,762 | €4,732 | +€1,970 | +71.3% |
| Tangible fixed assets | 22/27 | €2,762 | €4,732 | +€1,970 | +71.3% |
| Plant, machinery and equipment | 23 | €2,135 | €4,276 | +€2,141 | +100% |
| Furniture and vehicles | 24 | €627 | €456 | -€171 | -27.3% |
| Current assets | 29/58 | €84,781 | €47,553 | -€37,228 | -43.9% |
| Amounts receivable within one year | 40/41 | €10,319 | €10,163 | -€156 | -1.5% |
| Trade receivables | 40 | €10,319 | €10,104 | -€215 | -2.1% |
| Other amounts receivable | 41 | - | €59 | +€59 | |
| Cash at bank and in hand | 54/58 | €72,624 | €35,990 | -€36,634 | -50.4% |
| Deferred charges and accrued income | 490/1 | €1,837 | €1,399 | -€438 | -23.8% |
| Total equity and liabilities | 10/49 | €87,542 | €52,284 | -€35,258 | -40.3% |
| Equity | 10/15 | €60,008 | €26,117 | -€33,891 | -56.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,508 | €23,617 | -€33,891 | -58.9% |
| Distributable reserves | 133 | €57,508 | €23,617 | -€33,891 | -58.9% |
| Amounts payable | 17/49 | €27,535 | €26,168 | -€1,367 | -5.0% |
| Amounts payable within one year | 42/48 | €27,535 | €26,168 | -€1,367 | -5.0% |
| Trade debts | 44 | €11,773 | €7,747 | -€4,026 | -34.2% |
| Suppliers | 440/4 | €11,773 | €7,747 | -€4,026 | -34.2% |
| Taxes, remuneration and social security | 45 | €14,361 | €18,420 | +€4,059 | +28.3% |
| Taxes | 450/3 | €14,361 | €18,420 | +€4,059 | +28.3% |
| Other amounts payable | 47/48 | €1,400 | - | -€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,301 | €1,700 | +€399 | +30.7% |
| Other operating charges | 640/8 | €310 | €49 | -€261 | -84.2% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €45,276 | €34,221 | -€11,056 | -24.4% |
| Operating profit (loss) | 9901 | €43,665 | €32,350 | -€11,315 | -25.9% |
| Financial income | 75/76B | €2 | €4 | +€2 | +102% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +102% |
| Financial charges | 65/66B | €2,961 | €2,204 | -€757 | -25.6% |
| Recurring financial charges | 65 | €2,961 | €2,204 | -€757 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €40,705 | €30,149 | -€10,556 | -25.9% |
| Income taxes | 67/77 | €8,658 | €6,533 | -€2,125 | -24.5% |
| Profit (loss) for the period | 9904 | €32,048 | €23,617 | -€8,431 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,048 | €23,617 | -€8,431 | -26.3% |
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 18 October 2026 via checked.be.