Digneffe & Partners: 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.
Digneffe & Partners
Largest movements
- Current investments +€499,999
new in 2025: €499,999
- Cash +€177,398
up €177,398 (+204%), from €86,858 to €264,256
mainly Net result for the year (+€944,275) and Other debts (+€150,597)
- Receivables after one year +€150,000
new in 2025: €150,000
- Receivables within one year -€51,035
down €51,035 (-25.7%), from €198,591 to €147,556
of which Trade receivables: -€153,138
- Tangible fixed assets -€46,996
down €46,996 (-6.2%), from €759,359 to €712,363
of which Land and buildings: -€30,308
- Reserves +€683,188
up €683,188 (+123%), from €556,212 to €1.2m
of which Distributable reserves: +€683,188
- Other debts +€150,597
up €150,597 (+444%), from €33,936 to €184,533
- Provisions +€96,228
new in 2025: €96,228
- Tax, wage and social debts -€85,467
down €85,467 (-91.5%), from €93,422 to €7,955
of which Taxes: -€58,389
- Debts after one year -€38,012
down €38,012 (-25.0%), from €151,948 to €113,936
- Financial income +€1.5m
up €1.5m (+152,977%), from €970 to €1.5m
of which Non-recurring financial income: +€1.5m
- Taxes +€403,400
up €403,400 (+557%), from €72,385 to €475,784
- Gross operating margin -€237,187
down €237,187 (-48.9%), from €485,013 to €247,826
- Provisions +€96,228
new in 2025: €96,228
- Staff costs -€33,721
down €33,721 (-17.0%), from €197,990 to €164,269
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 | €1,066,336 | €1,825,924 | +€759,588 | +71.2% |
| Fixed assets | 21/28 | €759,359 | €712,363 | -€46,996 | -6.2% |
| Tangible fixed assets | 22/27 | €759,359 | €712,363 | -€46,996 | -6.2% |
| Land and buildings | 22 | €710,652 | €680,344 | -€30,308 | -4.3% |
| Plant, machinery and equipment | 23 | €18,726 | €20,133 | +€1,406 | +7.5% |
| Furniture and vehicles | 24 | €29,981 | €11,886 | -€18,094 | -60.4% |
| Current assets | 29/58 | €306,977 | €1,113,561 | +€806,584 | +263% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | €198,591 | €147,556 | -€51,035 | -25.7% |
| Trade receivables | 40 | €198,404 | €45,266 | -€153,138 | -77.2% |
| Other amounts receivable | 41 | €187 | €102,290 | +€102,103 | +54,539% |
| Current investments | 50/53 | - | €499,999 | +€499,999 | |
| Cash at bank and in hand | 54/58 | €86,858 | €264,256 | +€177,398 | +204% |
| Deferred charges and accrued income | 490/1 | €21,528 | €51,750 | +€30,222 | +140% |
| Total equity and liabilities | 10/49 | €1,066,336 | €1,825,924 | +€759,588 | +71.2% |
| Equity | 10/15 | €693,412 | €1,376,599 | +€683,188 | +98.5% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €556,212 | €1,239,399 | +€683,188 | +123% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €552,492 | €1,235,679 | +€683,188 | +124% |
| Provisions and deferred taxes | 16 | - | €96,228 | +€96,228 | |
| Provisions for liabilities and charges | 160/5 | - | €96,228 | +€96,228 | |
| Other liabilities and charges | 164/5 | - | €96,228 | +€96,228 | |
| Amounts payable | 17/49 | €372,924 | €353,096 | -€19,828 | -5.3% |
| Amounts payable after more than one year | 17 | €151,948 | €113,936 | -€38,012 | -25.0% |
| Financial debts | 170/4 | €151,948 | €113,936 | -€38,012 | -25.0% |
| Amounts payable within one year | 42/48 | €220,976 | €239,161 | +€18,185 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €61,735 | €38,012 | -€23,723 | -38.4% |
| Trade debts | 44 | €31,882 | €8,660 | -€23,222 | -72.8% |
| Suppliers | 440/4 | €31,882 | €8,660 | -€23,222 | -72.8% |
| Taxes, remuneration and social security | 45 | €93,422 | €7,955 | -€85,467 | -91.5% |
| Taxes | 450/3 | €66,344 | €7,955 | -€58,389 | -88.0% |
| Remuneration and social security | 454/9 | €27,078 | - | -€27,078 | |
| Other amounts payable | 47/48 | €33,936 | €184,533 | +€150,597 | +444% |
| Remuneration, social security and pensions | 62 | €197,990 | €164,269 | -€33,721 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,106 | €36,559 | -€6,547 | -15.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €96,228 | +€96,228 | |
| Other operating charges | 640/8 | €7,972 | €7,286 | -€685 | -8.6% |
| Gross operating margin | 9900 | €485,013 | €247,826 | -€237,187 | -48.9% |
| Operating profit (loss) | 9901 | €235,945 | -€56,517 | -€292,463 | |
| Financial income | 75/76B | €970 | €1,485,585 | +€1.5m | +152,977% |
| Recurring financial income | 75 | €970 | €2,121 | +€1,151 | +119% |
| Non-recurring financial income | 76B | - | €1,483,464 | +€1.5m | |
| Financial charges | 65/66B | €13,923 | €9,008 | -€4,915 | -35.3% |
| Recurring financial charges | 65 | €13,923 | €9,008 | -€4,915 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €222,993 | €1,420,059 | +€1.2m | +537% |
| Income taxes | 67/77 | €72,385 | €475,784 | +€403,400 | +557% |
| Profit (loss) for the period | 9904 | €150,608 | €944,275 | +€793,666 | +527% |
| Profit (loss) for the period to be appropriated | 9905 | €150,608 | €944,275 | +€793,666 | +527% |
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 14 October 2026 via checked.be.