DIGITAL PROCESS: 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 PROCESS
Largest movements
- Financial fixed assets -€820,411
down €820,411 (-17.5%), from €4.7m to €3.9m
- Profit (loss) carried forward +€629,339
up €629,339 (+72.6%), from -€866,469 to -€237,129
- Revaluation surpluses -€616,514
down €616,514 (-17.5%), from €3.5m to €2.9m
- Debts after one year -€471,429
no longer reported in 2025 (was €471,429)
- Current portion of long-term debt -€314,286
no longer reported in 2025 (was €314,286)
- Financial charges -€2.7m
down €2.7m (-99.5%), from €2.7m to €14,963
of which Non-recurring financial charges: -€2.7m
- Financial income -€734,030
down €734,030 (-54.4%), from €1.3m to €615,778
of which Non-recurring financial income: -€401,722
- Gross operating margin +€14,819
up €14,819 (+80.9%), from €18,315 to €33,133
- Taxes -€1,396
down €1,396 (-66.9%), from €2,088 to €692
- Other operating charges -€689
down €689 (-28.8%), from €2,388 to €1,699
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 | €4,738,213 | €3,910,743 | -€827,469 | -17.5% |
| Fixed assets | 21/28 | €4,691,290 | €3,868,660 | -€822,630 | -17.5% |
| Tangible fixed assets | 22/27 | €10,518 | €8,299 | -€2,218 | -21.1% |
| Plant, machinery and equipment | 23 | €7,544 | €6,342 | -€1,202 | -15.9% |
| Furniture and vehicles | 24 | €2,974 | €1,957 | -€1,017 | -34.2% |
| Financial fixed assets | 28 | €4,680,772 | €3,860,361 | -€820,411 | -17.5% |
| Current assets | 29/58 | €46,923 | €42,083 | -€4,840 | -10.3% |
| Amounts receivable within one year | 40/41 | €26,025 | €27,808 | +€1,783 | +6.9% |
| Other amounts receivable | 41 | €26,025 | €27,808 | +€1,783 | +6.9% |
| Cash at bank and in hand | 54/58 | €14,293 | €10,552 | -€3,741 | -26.2% |
| Deferred charges and accrued income | 490/1 | €6,605 | €3,722 | -€2,882 | -43.6% |
| Total equity and liabilities | 10/49 | €4,738,213 | €3,910,743 | -€827,469 | -17.5% |
| Equity | 10/15 | €3,289,831 | €3,302,657 | +€12,825 | +0.4% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Capital | 10 | €605,000 | €605,000 | = | 0.0% |
| Issued capital | 100 | €605,000 | €605,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,517,500 | €2,900,986 | -€616,514 | -17.5% |
| Reserves | 13 | €33,800 | €33,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,800 | €33,800 | = | 0.0% |
| Legal reserve | 130 | €33,800 | €33,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€866,469 | -€237,129 | +€629,339 | +72.6% |
| Amounts payable | 17/49 | €1,448,381 | €608,087 | -€840,295 | -58.0% |
| Amounts payable after more than one year | 17 | €471,429 | - | -€471,429 | |
| Financial debts | 170/4 | €471,429 | - | -€471,429 | |
| Amounts payable within one year | 42/48 | €949,082 | €608,069 | -€341,013 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €314,286 | - | -€314,286 | |
| Trade debts | 44 | €156 | €4,255 | +€4,100 | +2633.6% |
| Suppliers | 440/4 | €156 | €4,255 | +€4,100 | +2633.6% |
| Taxes, remuneration and social security | 45 | €4,096 | €2,857 | -€1,239 | -30.2% |
| Taxes | 450/3 | €4,096 | €2,857 | -€1,239 | -30.2% |
| Other amounts payable | 47/48 | €630,546 | €600,958 | -€29,588 | -4.7% |
| Accrued charges and deferred income | 492/3 | €27,870 | €17 | -€27,853 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,062 | €2,218 | +€156 | +7.6% |
| Other operating charges | 640/8 | €2,388 | €1,699 | -€689 | -28.8% |
| Gross operating margin | 9900 | €18,315 | €33,133 | +€14,819 | +80.9% |
| Operating profit (loss) | 9901 | €13,865 | €29,216 | +€15,351 | +110.7% |
| Financial income | 75/76B | €1,349,808 | €615,778 | -€734,030 | -54.4% |
| Recurring financial income | 75 | €332,308 | €615,778 | +€283,470 | +85.3% |
| Non-recurring financial income | 76B | €1,017,500 | €615,778 | -€401,722 | -39.5% |
| Financial charges | 65/66B | €2,749,161 | €14,963 | -€2.7m | -99.5% |
| Recurring financial charges | 65 | €73,899 | €14,963 | -€58,936 | -79.8% |
| Non-recurring financial charges | 66B | €2,675,262 | - | -€2.7m | |
| Profit (loss) for the period before taxes | 9903 | -€1,385,488 | €630,031 | +€2.0m | |
| Income taxes | 67/77 | €2,088 | €692 | -€1,396 | -66.9% |
| Profit (loss) for the period | 9904 | -€1,387,576 | €629,339 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,387,576 | €629,339 | +€2.0m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.