DigitalHQ: 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.
DigitalHQ
Largest movements
- Receivables within one year +€690,924
up €690,924 (+20.0%), from €3.5m to €4.1m
of which Trade receivables: +€669,720
- Cash -€552,376
down €552,376 (-94.7%), from €583,421 to €31,044
mainly Receivables within one year (-€690,924) and Debts after one year (-€170,000)
- Deferred charges and accrued income +€85,040
up €85,040 (+1,439%), from €5,909 to €90,948
- Intangible fixed assets -€72,664
down €72,664 (-29.9%), from €242,725 to €170,062
- Reserves +€1.9m
new in 2024: €1.9m
- Profit (loss) carried forward -€1.8m
down €1.8m (-98.8%), from €1.9m to €22,529
- Trade debts +€394,151
up €394,151 (+79.0%), from €498,770 to €892,920
- Debts after one year -€170,000
down €170,000 (-11.7%), from €1.5m to €1.3m
- Tax, wage and social debts -€57,960
down €57,960 (-100%), from €57,960 to €0
- Gross operating margin -€164,602
down €164,602 (-69.9%), from €235,399 to €70,797
- Financial income +€82,388
up €82,388 (+2,252%), from €3,659 to €86,047
- Taxes -€42,786
down €42,786 (-79.4%), from €53,907 to €11,121
- Depreciation +€20,768
up €20,768 (+34.3%), from €60,610 to €81,379
- Financial charges +€6,110
up €6,110 (+17.7%), from €34,488 to €40,598
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,287,011 | €4,480,094 | +€193,084 | +4.5% |
| Fixed assets | 21/28 | €242,725 | €171,338 | -€71,388 | -29.4% |
| Intangible fixed assets | 21 | €242,725 | €170,062 | -€72,664 | -29.9% |
| Tangible fixed assets | 22/27 | - | €1,276 | +€1,276 | |
| Furniture and vehicles | 24 | - | €1,276 | +€1,276 | |
| Current assets | 29/58 | €4,044,285 | €4,308,757 | +€264,471 | +6.5% |
| Stocks and contracts in progress | 3 | - | €40,884 | +€40,884 | |
| Stocks | 30/36 | - | €40,884 | +€40,884 | |
| Amounts receivable within one year | 40/41 | €3,454,956 | €4,145,880 | +€690,924 | +20.0% |
| Trade receivables | 40 | €3,393,536 | €4,063,255 | +€669,720 | +19.7% |
| Other amounts receivable | 41 | €61,420 | €82,625 | +€21,205 | +34.5% |
| Cash at bank and in hand | 54/58 | €583,421 | €31,044 | -€552,376 | -94.7% |
| Deferred charges and accrued income | 490/1 | €5,909 | €90,948 | +€85,040 | +1,439% |
| Total equity and liabilities | 10/49 | €4,287,011 | €4,480,094 | +€193,084 | +4.5% |
| Equity | 10/15 | €1,883,467 | €1,905,996 | +€22,529 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €1,864,867 | +€1.9m | |
| Distributable reserves | 133 | - | €1,864,867 | +€1.9m | |
| Profit (loss) carried forward | 14 | €1,864,867 | €22,529 | -€1.8m | -98.8% |
| Amounts payable | 17/49 | €2,403,544 | €2,574,098 | +€170,555 | +7.1% |
| Amounts payable after more than one year | 17 | €1,450,000 | €1,280,000 | -€170,000 | -11.7% |
| Financial debts | 170/4 | €1,450,000 | €1,280,000 | -€170,000 | -11.7% |
| Amounts payable within one year | 42/48 | €926,356 | €1,223,349 | +€296,993 | +32.1% |
| Trade debts | 44 | €498,770 | €892,920 | +€394,151 | +79.0% |
| Suppliers | 440/4 | €498,770 | €892,920 | +€394,151 | +79.0% |
| Advances received on contracts in progress | 46 | €9,480 | €0 | -€9,480 | -100% |
| Taxes, remuneration and social security | 45 | €57,960 | €0 | -€57,960 | -100% |
| Taxes | 450/3 | €57,960 | €0 | -€57,960 | -100% |
| Other amounts payable | 47/48 | €360,146 | €330,429 | -€29,717 | -8.3% |
| Accrued charges and deferred income | 492/3 | €27,188 | €70,749 | +€43,562 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,610 | €81,379 | +€20,768 | +34.3% |
| Other operating charges | 640/8 | €1,152 | €1,218 | +€66 | +5.8% |
| Gross operating margin | 9900 | €235,399 | €70,797 | -€164,602 | -69.9% |
| Operating profit (loss) | 9901 | €173,638 | -€11,799 | -€185,437 | |
| Financial income | 75/76B | €3,659 | €86,047 | +€82,388 | +2,252% |
| Recurring financial income | 75 | €3,659 | €86,047 | +€82,388 | +2,252% |
| Financial charges | 65/66B | €34,488 | €40,598 | +€6,110 | +17.7% |
| Recurring financial charges | 65 | €34,488 | €40,598 | +€6,110 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €142,808 | €33,650 | -€109,158 | -76.4% |
| Income taxes | 67/77 | €53,907 | €11,121 | -€42,786 | -79.4% |
| Profit (loss) for the period | 9904 | €88,902 | €22,529 | -€66,372 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,902 | €22,529 | -€66,372 | -74.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.