MICROSOFT: 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.
What changed
MICROSOFT
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€65.8m
2024 · €49.8m+€16.0m
Equity
€143.8m
2024 · €111.7m+€32.1m
Cash
€89
2024 · €89-€0
Balance sheet total
€1.28bn
2024 · €1.01bn+€273.0m
Largest movements
Assets
- Receivables within one year +€133.7m
up €133.7m (+21.2%), from €630.9m to €764.6m
of which Trade receivables: +€83.4m
- Deferred charges and accrued income +€97.0m
up €97.0m (+27.5%), from €352.6m to €449.6m
- Receivables after one year +€42.4m
up €42.4m (+193%), from €21.9m to €64.3m
Equity and liabilities
- Trade debts +€129.8m
up €129.8m (+35.2%), from €369.0m to €498.8m
- Accrued charges and deferred income +€62.3m
up €62.3m (+19.1%), from €326.6m to €389.0m
- Advances received +€36.5m
up €36.5m (+67.6%), from €54.0m to €90.4m
- Profit (loss) carried forward +€32.1m
up €32.1m (+28.8%), from €111.6m to €143.7m
- Tax, wage and social debts +€15.1m
up €15.1m (+13.9%), from €108.7m to €123.8m
of which Taxes: +€15.7m
Income statement
- Turnover +€292.0m
up €292.0m (+21.5%), from €1.36bn to €1.65bn
- Goods and materials +€248.0m
up €248.0m (+22.4%), from €1.11bn to €1.36bn
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.
Result 2024
€49.8m
Turnover
+€292.0m
Other operating income
+€455,922
Goods and materials
-€248.0m
Services and other goods
-€15.1m
Staff costs
-€7.8m
Depreciation
-€548,977
Write-downs
-€1.1m
Provisions
+€1.5m
Other operating charges
+€83,056
Other operating items
-€35,564
Financial income
+€663,288
Financial charges
+€92,141
Taxes
-€6.2m
Result 2025
€65.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€35.3m
Investment
-€1.6m
Financing
-€33.7m
Cash 2024
€89
From operations (derived)
+€35.3m
Net result for the year
+€65.8m
Depreciation
+€1.7m
Receivables after one year
-€42.4m
Receivables within one year
-€133.7m
Deferred charges and accrued income
-€97.0m
Provisions
-€1.5m
Trade debts
+€129.8m
Tax, wage and social debts
+€15.1m
Advances received
+€36.5m
Other debts
-€1.3m
Accrued charges and deferred income
+€62.3m
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€33.7m
Contributions, distributions and other
-€33.7m
Cash 2025
€89
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,009,860,594 | €1,282,847,482 | +€273.0m | +27.0% |
| Fixed assets | 21/28 | €4,425,062 | €4,322,590 | -€102,472 | -2.3% |
| Intangible fixed assets | 21 | €889,101 | €462,332 | -€426,768 | -48.0% |
| Tangible fixed assets | 22/27 | €3,457,114 | €3,773,010 | +€315,896 | +9.1% |
| Plant, machinery and equipment | 23 | €377,351 | €423,318 | +€45,967 | +12.2% |
| Furniture and vehicles | 24 | €272,985 | €1,331,194 | +€1.1m | +388% |
| Other tangible fixed assets | 26 | €2,741,398 | €1,933,654 | -€807,744 | -29.5% |
| Assets under construction and advance payments | 27 | €65,380 | €84,845 | +€19,465 | +29.8% |
| Financial fixed assets | 28 | €78,847 | €87,248 | +€8,401 | +10.7% |
| Other financial fixed assets | 284/8 | €78,847 | €87,248 | +€8,401 | +10.7% |
| Amounts receivable and cash guarantees | 285/8 | €78,847 | €87,248 | +€8,401 | +10.7% |
| Current assets | 29/58 | €1,005,435,532 | €1,278,524,892 | +€273.1m | +27.2% |
| Amounts receivable after more than one year | 29 | €21,908,816 | €64,295,130 | +€42.4m | +193% |
| Trade receivables | 290 | €21,908,816 | €64,295,130 | +€42.4m | +193% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €630,934,286 | €764,616,406 | +€133.7m | +21.2% |
| Trade receivables | 40 | €589,079,475 | €672,482,296 | +€83.4m | +14.2% |
| Other amounts receivable | 41 | €41,854,811 | €92,134,110 | +€50.3m | +120% |
| Cash at bank and in hand | 54/58 | €89 | €89 | -€0 | -0.2% |
| Deferred charges and accrued income | 490/1 | €352,592,342 | €449,613,267 | +€97.0m | +27.5% |
| Total equity and liabilities | 10/49 | €1,009,860,594 | €1,282,847,482 | +€273.0m | +27.0% |
| Equity | 10/15 | €111,703,098 | €143,824,074 | +€32.1m | +28.8% |
| Contributions | 10/11 | €130,987 | €130,987 | = | 0.0% |
| Capital | 10 | €130,987 | €130,987 | = | 0.0% |
| Issued capital | 100 | €130,987 | €130,987 | = | 0.0% |
| Reserves | 13 | €13,099 | €13,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,099 | €13,099 | = | 0.0% |
| Legal reserve | 130 | €13,099 | €13,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,559,013 | €143,679,988 | +€32.1m | +28.8% |
| Provisions and deferred taxes | 16 | €4,866,748 | €3,374,044 | -€1.5m | -30.7% |
| Provisions for liabilities and charges | 160/5 | €4,866,748 | €3,374,044 | -€1.5m | -30.7% |
| Other liabilities and charges | 164/5 | €4,866,748 | €3,374,044 | -€1.5m | -30.7% |
| Amounts payable | 17/49 | €893,290,748 | €1,135,649,365 | +€242.4m | +27.1% |
| Amounts payable within one year | 42/48 | €566,681,882 | €746,696,313 | +€180.0m | +31.8% |
| Trade debts | 44 | €368,980,419 | €498,771,488 | +€129.8m | +35.2% |
| Suppliers | 440/4 | €368,980,419 | €498,771,488 | +€129.8m | +35.2% |
| Advances received on contracts in progress | 46 | €53,961,667 | €90,422,254 | +€36.5m | +67.6% |
| Taxes, remuneration and social security | 45 | €108,739,796 | €123,811,482 | +€15.1m | +13.9% |
| Taxes | 450/3 | €60,288,176 | €76,026,284 | +€15.7m | +26.1% |
| Remuneration and social security | 454/9 | €48,451,620 | €47,785,197 | -€666,422 | -1.4% |
| Other amounts payable | 47/48 | €35,000,000 | €33,691,090 | -€1.3m | -3.7% |
| Accrued charges and deferred income | 492/3 | €326,608,866 | €388,953,051 | +€62.3m | +19.1% |
| Operating income | 70/76A | €1,360,409,743 | €1,652,821,582 | +€292.4m | +21.5% |
| Turnover | 70 | €1,359,816,974 | €1,651,772,891 | +€292.0m | +21.5% |
| Other operating income | 74 | €592,769 | €1,048,691 | +€455,922 | +76.9% |
| Operating charges | 60/66A | €1,294,576,881 | €1,565,547,473 | +€271.0m | +20.9% |
| Goods for resale, raw materials and consumables | 60 | €1,108,259,107 | €1,356,253,768 | +€248.0m | +22.4% |
| Purchases | 600/8 | €1,108,259,107 | €1,356,253,768 | +€248.0m | +22.4% |
| Services and other goods | 61 | €38,431,032 | €53,537,415 | +€15.1m | +39.3% |
| Remuneration, social security and pensions | 62 | €146,270,676 | €154,021,661 | +€7.8m | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200,338 | €1,749,315 | +€548,977 | +45.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€118,788 | €1,007,161 | +€1.1m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,167 | -€1,492,704 | -€1.5m | |
| Other operating charges | 640/8 | €127,146 | €44,089 | -€83,056 | -65.3% |
| Non-recurring operating charges | 66A | €391,204 | €426,768 | +€35,564 | +9.1% |
| Operating profit (loss) | 9901 | €65,832,862 | €87,274,109 | +€21.4m | +32.6% |
| Financial income | 75/76B | €1,367,982 | €2,031,270 | +€663,288 | +48.5% |
| Recurring financial income | 75 | €1,367,982 | €2,031,270 | +€663,288 | +48.5% |
| Other financial income | 752/9 | €1,367,982 | €2,031,270 | +€663,288 | +48.5% |
| Financial charges | 65/66B | €335,482 | €243,341 | -€92,141 | -27.5% |
| Recurring financial charges | 65 | €335,482 | €243,341 | -€92,141 | -27.5% |
| Debt charges | 650 | €294,580 | €192,865 | -€101,715 | -34.5% |
| Other financial charges | 652/9 | €40,903 | €50,477 | +€9,574 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €66,865,362 | €89,062,038 | +€22.2m | +33.2% |
| Income taxes | 67/77 | €17,096,917 | €23,249,973 | +€6.2m | +36.0% |
| Taxes | 670/3 | €17,663,589 | €23,249,973 | +€5.6m | +31.6% |
| Tax adjustments and reversals of tax provisions | 77 | €566,672 | €0 | -€566,672 | -100% |
| Profit (loss) for the period | 9904 | €49,768,445 | €65,812,065 | +€16.0m | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,768,445 | €65,812,065 | +€16.0m | +32.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.