newphase: what changed
Two fiscal 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.
newphase
Largest movements
- Cash +€49,570
up €49,570 (+92.8%), from €53,396 to €102,966
mainly Net result for the year (+€58,827) and Depreciation (+€132)
- Deferred charges and accrued income +€4,350
up €4,350 (+884.7%), from €492 to €4,841
- Reserves +€58,827
up €58,827 (+67.8%), from €86,771 to €145,598
- Tax, wage and social debts -€3,420
down €3,420 (-18.9%), from €18,060 to €14,641
- Gross operating margin +€22,783
up €22,783 (+45.0%), from €50,672 to €73,455
- Taxes +€5,727
up €5,727 (+52.0%), from €11,013 to €16,741
- Financial income +€2,828
new in 2025: €2,828
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 | €114,530 | €168,993 | +€54,463 | +47.6% |
| Fixed assets | 21/28 | €133 | €1 | -€132 | -99.5% |
| Tangible fixed assets | 22/27 | €133 | €1 | -€132 | -99.5% |
| Furniture and vehicles | 24 | €133 | €1 | -€132 | -99.5% |
| Current assets | 29/58 | €114,397 | €168,992 | +€54,595 | +47.7% |
| Amounts receivable within one year | 40/41 | €60,509 | €61,185 | +€676 | +1.1% |
| Trade receivables | 40 | €59,678 | €60,378 | +€700 | +1.2% |
| Other amounts receivable | 41 | €831 | €807 | -€25 | -3.0% |
| Cash at bank and in hand | 54/58 | €53,396 | €102,966 | +€49,570 | +92.8% |
| Deferred charges and accrued income | 490/1 | €492 | €4,841 | +€4,350 | +884.7% |
| Total equity and liabilities | 10/49 | €114,530 | €168,993 | +€54,463 | +47.6% |
| Equity | 10/15 | €89,271 | €148,098 | +€58,827 | +65.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €86,771 | €145,598 | +€58,827 | +67.8% |
| Distributable reserves | 133 | €86,771 | €145,598 | +€58,827 | +67.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,258 | €20,895 | -€4,363 | -17.3% |
| Amounts payable within one year | 42/48 | €22,758 | €18,395 | -€4,363 | -19.2% |
| Trade debts | 44 | €3,865 | €2,921 | -€944 | -24.4% |
| Suppliers | 440/4 | €3,865 | €2,921 | -€944 | -24.4% |
| Taxes, remuneration and social security | 45 | €18,060 | €14,641 | -€3,420 | -18.9% |
| Taxes | 450/3 | €18,060 | €14,641 | -€3,420 | -18.9% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132 | €132 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €50,672 | €73,455 | +€22,783 | +45.0% |
| Operating profit (loss) | 9901 | €50,027 | €72,795 | +€22,769 | +45.5% |
| Financial income | 75/76B | - | €2,828 | +€2,828 | |
| Recurring financial income | 75 | - | €2,828 | +€2,828 | |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €49,973 | €75,568 | +€25,595 | +51.2% |
| Income taxes | 67/77 | €11,013 | €16,741 | +€5,727 | +52.0% |
| Profit (loss) for the period | 9904 | €38,959 | €58,827 | +€19,868 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,959 | €58,827 | +€19,868 | +51.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.