NEVER END: 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.
NEVER END
Largest movements
- Tangible fixed assets -€33,444
down €33,444 (-22.2%), from €150,653 to €117,210
- Cash -€13,586
down €13,586 (-77.9%), from €17,434 to €3,848
mainly Net result for the year (-€30,445) and Debts after one year (-€19,018)
- Receivables within one year -€2,165
down €2,165 (-21.4%), from €10,135 to €7,971
of which Trade receivables: -€1,823
- Profit (loss) carried forward -€30,445
down €30,445 (-228.0%), from -€13,351 to -€43,796
- Debts after one year -€19,018
down €19,018 (-10.0%), from €190,986 to €171,968
- Depreciation +€16,878
up €16,878 (+101.9%), from €16,566 to €33,444
- Gross operating margin -€205
down €205 (-6.2%), from €3,284 to €3,079
- Other operating charges +€100
new in 2024: €100
- Financial income +€63
new in 2024: €63
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.
Cash bridge derived
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 | €178,223 | €129,029 | -€49,194 | -27.6% |
| Fixed assets | 21/28 | €150,653 | €117,210 | -€33,444 | -22.2% |
| Tangible fixed assets | 22/27 | €150,653 | €117,210 | -€33,444 | -22.2% |
| Furniture and vehicles | 24 | €150,653 | €117,210 | -€33,444 | -22.2% |
| Current assets | 29/58 | €27,569 | €11,819 | -€15,751 | -57.1% |
| Amounts receivable within one year | 40/41 | €10,135 | €7,971 | -€2,165 | -21.4% |
| Trade receivables | 40 | €6,223 | €4,400 | -€1,823 | -29.3% |
| Other amounts receivable | 41 | €3,913 | €3,571 | -€342 | -8.7% |
| Cash at bank and in hand | 54/58 | €17,434 | €3,848 | -€13,586 | -77.9% |
| Total equity and liabilities | 10/49 | €178,223 | €129,029 | -€49,194 | -27.6% |
| Equity | 10/15 | -€13,251 | -€43,696 | -€30,445 | -229.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,351 | -€43,796 | -€30,445 | -228.0% |
| Amounts payable | 17/49 | €191,474 | €172,725 | -€18,750 | -9.8% |
| Amounts payable after more than one year | 17 | €190,986 | €171,968 | -€19,018 | -10.0% |
| Other amounts payable | 178/9 | €190,986 | €171,968 | -€19,018 | -10.0% |
| Amounts payable within one year | 42/48 | €488 | €756 | +€268 | +55.0% |
| Trade debts | 44 | €488 | €756 | +€268 | +55.0% |
| Suppliers | 440/4 | €488 | €756 | +€268 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,566 | €33,444 | +€16,878 | +101.9% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €3,284 | €3,079 | -€205 | -6.2% |
| Operating profit (loss) | 9901 | -€13,281 | -€30,464 | -€17,183 | -129.4% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €70 | €44 | -€26 | -37.7% |
| Recurring financial charges | 65 | €70 | €44 | -€26 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,351 | -€30,445 | -€17,094 | -128.0% |
| Profit (loss) for the period | 9904 | -€13,351 | -€30,445 | -€17,094 | -128.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,351 | -€30,445 | -€17,094 | -128.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.