DIGITAL WAVE: 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 WAVE
Largest movements
- Cash +€632,318
up €632,318 (+129%), from €488,566 to €1.1m
mainly Net result for the year (+€875,309) and Tax, wage and social debts (+€181,792)
- Current investments +€200,000
up €200,000 (+40.0%), from €500,000 to €700,000
- Deferred charges and accrued income +€199,972
up €199,972 (+714,186%), from €28 to €200,000
- Receivables within one year -€94,339
down €94,339 (-41.8%), from €225,829 to €131,490
of which Trade receivables: -€93,345
- Reserves +€875,309
up €875,309 (+89.0%), from €983,044 to €1.9m
of which Distributable reserves: +€875,309
- Tax, wage and social debts +€181,792
up €181,792 (+134%), from €135,243 to €317,035
- Accrued charges and deferred income -€118,926
no longer reported in 2026 (was €118,926)
- Gross operating margin +€433,234
up €433,234 (+49.3%), from €879,619 to €1.3m
- Taxes +€161,191
up €161,191 (+65.5%), from €246,062 to €407,253
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,214,758 | €2,152,709 | +€937,951 | +77.2% |
| Fixed assets | 21/28 | €335 | €335 | = | 0.0% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €1,214,423 | €2,152,374 | +€937,951 | +77.2% |
| Amounts receivable within one year | 40/41 | €225,829 | €131,490 | -€94,339 | -41.8% |
| Trade receivables | 40 | €213,536 | €120,191 | -€93,345 | -43.7% |
| Other amounts receivable | 41 | €12,293 | €11,299 | -€994 | -8.1% |
| Current investments | 50/53 | €500,000 | €700,000 | +€200,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €488,566 | €1,120,884 | +€632,318 | +129% |
| Deferred charges and accrued income | 490/1 | €28 | €200,000 | +€199,972 | +714,186% |
| Total equity and liabilities | 10/49 | €1,214,758 | €2,152,709 | +€937,951 | +77.2% |
| Equity | 10/15 | €959,731 | €1,835,040 | +€875,309 | +91.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €983,044 | €1,858,353 | +€875,309 | +89.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €981,184 | €1,856,493 | +€875,309 | +89.2% |
| Profit (loss) carried forward | 14 | -€29,513 | -€29,513 | = | 0.0% |
| Amounts payable | 17/49 | €255,027 | €317,669 | +€62,642 | +24.6% |
| Amounts payable within one year | 42/48 | €136,101 | €317,669 | +€181,568 | +133% |
| Trade debts | 44 | €858 | €634 | -€224 | -26.1% |
| Suppliers | 440/4 | €858 | €634 | -€224 | -26.1% |
| Taxes, remuneration and social security | 45 | €135,243 | €317,035 | +€181,792 | +134% |
| Taxes | 450/3 | €135,243 | €317,035 | +€181,792 | +134% |
| Accrued charges and deferred income | 492/3 | €118,926 | - | -€118,926 | |
| Remuneration, social security and pensions | 62 | €34,707 | €35,823 | +€1,116 | +3.2% |
| Other operating charges | 640/8 | €1,403 | €1,458 | +€55 | +3.9% |
| Gross operating margin | 9900 | €879,619 | €1,312,853 | +€433,234 | +49.3% |
| Operating profit (loss) | 9901 | €843,509 | €1,275,572 | +€432,063 | +51.2% |
| Financial income | 75/76B | €713 | €7,086 | +€6,373 | +894% |
| Recurring financial income | 75 | €713 | €7,086 | +€6,373 | +894% |
| Financial charges | 65/66B | €84 | €96 | +€12 | +14.3% |
| Recurring financial charges | 65 | €84 | €96 | +€12 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €844,138 | €1,282,562 | +€438,424 | +51.9% |
| Income taxes | 67/77 | €246,062 | €407,253 | +€161,191 | +65.5% |
| Profit (loss) for the period | 9904 | €598,076 | €875,309 | +€277,233 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €598,076 | €875,309 | +€277,233 | +46.4% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.