Digital Strategy: 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 Strategy
Largest movements
- Receivables after one year +€88,311
new in 2025: €88,311
- Deferred charges and accrued income -€58,126
down €58,126 (-97.8%), from €59,444 to €1,318
- Tangible fixed assets -€21,034
down €21,034 (-15.0%), from €140,598 to €119,564
of which Other tangible fixed assets: -€22,028
- Receivables within one year +€20,041
up €20,041 (+38.6%), from €51,958 to €71,999
of which Trade receivables: +€45,410
- Current investments +€12,000
up €12,000 (+1202.4%), from €998 to €12,998
- Reserves +€49,230
up €49,230 (+62.2%), from €79,181 to €128,411
- Trade debts -€11,398
down €11,398 (-75.8%), from €15,040 to €3,642
- Short-term financial debts +€10,101
new in 2025: €10,101
- Debts after one year -€8,404
down €8,404 (-15.7%), from €53,524 to €45,119
- Gross operating margin -€7,451
down €7,451 (-6.8%), from €108,969 to €101,518
- Financial income +€4,417
up €4,417 (+452.6%), from €976 to €5,393
- Depreciation +€1,930
up €1,930 (+8.3%), from €23,157 to €25,087
- Financial charges +€1,865
up €1,865 (+44.3%), from €4,213 to €6,078
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 | €288,406 | €325,878 | +€37,472 | +13.0% |
| Fixed assets | 21/28 | €140,598 | €119,814 | -€20,784 | -14.8% |
| Tangible fixed assets | 22/27 | €140,598 | €119,564 | -€21,034 | -15.0% |
| Land and buildings | 22 | €12,459 | €14,815 | +€2,355 | +18.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,624 | €2,263 | -€1,362 | -37.6% |
| Other tangible fixed assets | 26 | €124,514 | €102,487 | -€22,028 | -17.7% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €147,808 | €206,064 | +€58,256 | +39.4% |
| Amounts receivable after more than one year | 29 | - | €88,311 | +€88,311 | |
| Other amounts receivable | 291 | - | €88,311 | +€88,311 | |
| Amounts receivable within one year | 40/41 | €51,958 | €71,999 | +€20,041 | +38.6% |
| Trade receivables | 40 | €20,913 | €66,323 | +€45,410 | +217.1% |
| Other amounts receivable | 41 | €31,045 | €5,676 | -€25,369 | -81.7% |
| Current investments | 50/53 | €998 | €12,998 | +€12,000 | +1202.4% |
| Cash at bank and in hand | 54/58 | €35,408 | €31,438 | -€3,970 | -11.2% |
| Deferred charges and accrued income | 490/1 | €59,444 | €1,318 | -€58,126 | -97.8% |
| Total equity and liabilities | 10/49 | €288,406 | €325,878 | +€37,472 | +13.0% |
| Equity | 10/15 | €188,968 | €238,198 | +€49,230 | +26.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,181 | €128,411 | +€49,230 | +62.2% |
| Distributable reserves | 133 | €79,181 | €128,411 | +€49,230 | +62.2% |
| Profit (loss) carried forward | 14 | €97,387 | €97,387 | = | 0.0% |
| Amounts payable | 17/49 | €99,438 | €87,680 | -€11,758 | -11.8% |
| Amounts payable after more than one year | 17 | €53,524 | €45,119 | -€8,404 | -15.7% |
| Financial debts | 170/4 | €53,524 | €45,119 | -€8,404 | -15.7% |
| Amounts payable within one year | 42/48 | €45,914 | €42,560 | -€3,354 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €10,748 | €8,404 | -€2,344 | -21.8% |
| Financial debts | 43 | - | €10,101 | +€10,101 | |
| Credit institutions | 430/8 | - | €10,101 | +€10,101 | |
| Trade debts | 44 | €15,040 | €3,642 | -€11,398 | -75.8% |
| Suppliers | 440/4 | €15,040 | €3,642 | -€11,398 | -75.8% |
| Taxes, remuneration and social security | 45 | €20,126 | €20,413 | +€286 | +1.4% |
| Taxes | 450/3 | €17,831 | €16,931 | -€900 | -5.0% |
| Remuneration and social security | 454/9 | €2,296 | €3,482 | +€1,186 | +51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,157 | €25,087 | +€1,930 | +8.3% |
| Other operating charges | 640/8 | €1,363 | €2,002 | +€639 | +46.9% |
| Gross operating margin | 9900 | €108,969 | €101,518 | -€7,451 | -6.8% |
| Operating profit (loss) | 9901 | €84,449 | €74,430 | -€10,020 | -11.9% |
| Financial income | 75/76B | €976 | €5,393 | +€4,417 | +452.6% |
| Recurring financial income | 75 | €976 | €5,393 | +€4,417 | +452.6% |
| Financial charges | 65/66B | €4,213 | €6,078 | +€1,865 | +44.3% |
| Recurring financial charges | 65 | €4,213 | €6,078 | +€1,865 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €81,212 | €73,745 | -€7,468 | -9.2% |
| Income taxes | 67/77 | €25,216 | €24,515 | -€701 | -2.8% |
| Profit (loss) for the period | 9904 | €55,997 | €49,230 | -€6,767 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,997 | €49,230 | -€6,767 | -12.1% |
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 9 October 2026 via checked.be.