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Next Phase: 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

Next Phase

BE 0676.740.690
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,789
2024 · -€13,927+€62,716
Equity
€19,448
2024 · €12,065+€7,383
Cash
€16,136
2024 · €8,017+€8,119
Balance sheet total
€65,944
2024 · €48,926+€17,018

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€14,296

    up €14,296 (+1,549%), from €923 to €15,219

    of which Other tangible fixed assets: +€10,681

  • Cash +€8,119

    up €8,119 (+101%), from €8,017 to €16,136

    mainly Net result for the year (+€48,789) and Trade debts (+€13,335)

  • Receivables within one year -€6,439

    down €6,439 (-16.2%), from €39,663 to €33,224

    of which Other amounts receivable: -€27,616

  • Deferred charges and accrued income +€1,042

    up €1,042 (+1,445%), from €72 to €1,115

Equity and liabilities
  • Profit (loss) carried forward +€18,075

    no longer reported in 2025 (was -€18,075)

  • Trade debts +€13,335

    up €13,335 (+234%), from €5,702 to €19,037

  • Reserves -€10,692

    down €10,692 (-49.6%), from €21,540 to €10,848

    of which Distributable reserves: -€10,692

  • Accrued charges and deferred income -€9,075

    down €9,075 (-95.6%), from €9,492 to €417

  • Short-term financial debts -€6,532

    down €6,532 (-78.0%), from €8,371 to €1,839

Income statement
  • Gross operating margin +€67,997

    up €67,997, from -€10,617 to €57,380

  • Taxes +€5,461

    new in 2025: €5,461

  • Financial income -€686

    down €686 (-51.8%), from €1,326 to €640

From the 2024 result to the 2025 result

effect on the 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 -€13,927
Gross operating margin +€67,997
Depreciation -€82
Other operating charges +€408
Financial income -€686
Financial charges +€541
Taxes -€5,461
Result 2025 €48,789
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 +€66,401
Investment -€15,361
Financing -€42,921
Cash 2024 €8,017
Net result for the year +€48,789
Depreciation +€1,065
Receivables within one year +€6,439
Deferred charges and accrued income -€1,042
Trade debts +€13,335
Tax, wage and social debts +€1,474
Other debts +€5,416
Accrued charges and deferred income -€9,075
Investment in fixed assets (net) -€15,361
Current portion of long-term debt +€5,018
Short-term financial debts -€6,532
Contributions, distributions and other -€41,406
Cash 2025 €16,136
brings cash intakes cash out
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €48,926 €65,944 +€17,018 +34.8%
Fixed assets 21/28 €1,173 €15,469 +€14,296 +1,219%
Tangible fixed assets 22/27 €923 €15,219 +€14,296 +1,549%
Plant, machinery and equipment 23 €923 €4,538 +€3,615 +392%
Other tangible fixed assets 26 - €10,681 +€10,681
Financial fixed assets 28 €250 €250 = 0.0%
Current assets 29/58 €47,753 €50,475 +€2,722 +5.7%
Amounts receivable within one year 40/41 €39,663 €33,224 -€6,439 -16.2%
Trade receivables 40 €2,723 €23,900 +€21,177 +778%
Other amounts receivable 41 €36,940 €9,324 -€27,616 -74.8%
Cash at bank and in hand 54/58 €8,017 €16,136 +€8,119 +101%
Deferred charges and accrued income 490/1 €72 €1,115 +€1,042 +1,445%
Total equity and liabilities 10/49 €48,926 €65,944 +€17,018 +34.8%
Equity 10/15 €12,065 €19,448 +€7,383 +61.2%
Contributions 10/11 €8,600 €8,600 = 0.0%
Reserves 13 €21,540 €10,848 -€10,692 -49.6%
Tax-exempt reserves 132 €3,751 €3,751 = 0.0%
Distributable reserves 133 €17,789 €7,097 -€10,692 -60.1%
Profit (loss) carried forward 14 -€18,075 - +€18,075
Amounts payable 17/49 €36,861 €46,496 +€9,635 +26.1%
Amounts payable within one year 42/48 €27,369 €46,079 +€18,710 +68.4%
Current portion of amounts payable after more than one year 42 - €5,018 +€5,018
Financial debts 43 €8,371 €1,839 -€6,532 -78.0%
Credit institutions 430/8 €8,371 €1,839 -€6,532 -78.0%
Trade debts 44 €5,702 €19,037 +€13,335 +234%
Suppliers 440/4 €5,702 €19,037 +€13,335 +234%
Taxes, remuneration and social security 45 €2,014 €3,488 +€1,474 +73.2%
Taxes 450/3 €2,014 €3,488 +€1,474 +73.2%
Other amounts payable 47/48 €11,283 €16,699 +€5,416 +48.0%
Accrued charges and deferred income 492/3 €9,492 €417 -€9,075 -95.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €983 €1,065 +€82 +8.4%
Other operating charges 640/8 €2,231 €1,823 -€408 -18.3%
Gross operating margin 9900 -€10,617 €57,380 +€67,997
Operating profit (loss) 9901 -€13,831 €54,492 +€68,322
Financial income 75/76B €1,326 €640 -€686 -51.8%
Recurring financial income 75 €1,326 €640 -€686 -51.8%
Financial charges 65/66B €1,422 €881 -€541 -38.0%
Recurring financial charges 65 €1,422 €881 -€541 -38.0%
Profit (loss) for the period before taxes 9903 -€13,927 €54,250 +€68,177
Income taxes 67/77 - €5,461 +€5,461
Profit (loss) for the period 9904 -€13,927 €48,789 +€62,716
Profit (loss) for the period to be appropriated 9905 -€13,927 €48,789 +€62,716

Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.