Never Grow Up: 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.
Never Grow Up
Largest movements
- Cash +€59,245
up €59,245 (+22,712%), from €261 to €59,506
mainly Trade debts (+€65,040) and Net result for the year (+€26,105)
- Receivables within one year +€45,604
up €45,604 (+229%), from €19,896 to €65,500
- Tangible fixed assets +€5,705
new in 2025: €5,705
- Trade debts +€65,040
up €65,040 (+4,308%), from €1,510 to €66,549
- Profit (loss) carried forward +€26,105
up €26,105 (+18.3%), from -€142,538 to -€116,433
- Accrued charges and deferred income +€25,000
new in 2025: €25,000
- Other debts -€22,508
down €22,508 (-55.7%), from €40,425 to €17,917
- Tax, wage and social debts +€17,789
up €17,789 (+10,786%), from €165 to €17,954
- Gross operating margin +€6,783
up €6,783 (+33.3%), from €20,396 to €27,179
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 | €20,185 | €131,610 | +€111,425 | +552% |
| Fixed assets | 21/28 | - | €5,705 | +€5,705 | |
| Tangible fixed assets | 22/27 | - | €5,705 | +€5,705 | |
| Furniture and vehicles | 24 | - | €5,705 | +€5,705 | |
| Current assets | 29/58 | €20,185 | €125,906 | +€105,721 | +524% |
| Amounts receivable within one year | 40/41 | €19,896 | €65,500 | +€45,604 | +229% |
| Trade receivables | 40 | €19,896 | €65,500 | +€45,604 | +229% |
| Cash at bank and in hand | 54/58 | €261 | €59,506 | +€59,245 | +22,712% |
| Deferred charges and accrued income | 490/1 | €28 | €900 | +€872 | +3,114% |
| Total equity and liabilities | 10/49 | €20,185 | €131,610 | +€111,425 | +552% |
| Equity | 10/15 | -€121,915 | -€95,810 | +€26,105 | +21.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,031 | €2,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,986 | €1,986 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,986 | €1,986 | = | 0.0% |
| Tax-exempt reserves | 132 | €45 | €45 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,538 | -€116,433 | +€26,105 | +18.3% |
| Amounts payable | 17/49 | €142,099 | €227,420 | +€85,321 | +60.0% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,099 | €102,420 | +€60,321 | +143% |
| Trade debts | 44 | €1,510 | €66,549 | +€65,040 | +4,308% |
| Suppliers | 440/4 | €1,510 | €66,549 | +€65,040 | +4,308% |
| Taxes, remuneration and social security | 45 | €165 | €17,954 | +€17,789 | +10,786% |
| Taxes | 450/3 | €165 | €17,954 | +€17,789 | +10,786% |
| Other amounts payable | 47/48 | €40,425 | €17,917 | -€22,508 | -55.7% |
| Accrued charges and deferred income | 492/3 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €348 | +€122 | +54.1% |
| Other operating charges | 640/8 | €655 | €601 | -€55 | -8.4% |
| Gross operating margin | 9900 | €20,396 | €27,179 | +€6,783 | +33.3% |
| Operating profit (loss) | 9901 | €19,515 | €26,230 | +€6,716 | +34.4% |
| Financial charges | 65/66B | €48 | €125 | +€77 | +162% |
| Recurring financial charges | 65 | €48 | €125 | +€77 | +162% |
| Profit (loss) for the period before taxes | 9903 | €19,467 | €26,105 | +€6,638 | +34.1% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | €19,453 | €26,105 | +€6,652 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,453 | €26,105 | +€6,652 | +34.2% |
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.