Never Look Back: 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 Look Back
Largest movements
- Cash -€28,589
down €28,589 (-44.9%), from €63,639 to €35,050
mainly Current portion of long-term debt (-€22,400) and Debts after one year (-€11,354)
- Receivables within one year +€1,218
up €1,218 (+23.8%), from €5,112 to €6,330
of which Trade receivables: +€3,025
- Current portion of long-term debt -€22,400
down €22,400 (-66.4%), from €33,755 to €11,354
- Debts after one year -€11,354
down €11,354 (-100.0%), from €11,354 to €0
- Profit (loss) carried forward +€6,394
up €6,394 (+12.2%), from -€52,450 to -€46,055
- Financial charges -€1,685
down €1,685 (-52.9%), from €3,186 to €1,501
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 | €68,791 | €41,431 | -€27,360 | -39.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €68,791 | €41,431 | -€27,360 | -39.8% |
| Amounts receivable within one year | 40/41 | €5,112 | €6,330 | +€1,218 | +23.8% |
| Trade receivables | 40 | €3,025 | €6,050 | +€3,025 | +100.0% |
| Other amounts receivable | 41 | €2,087 | €280 | -€1,807 | -86.6% |
| Cash at bank and in hand | 54/58 | €63,639 | €35,050 | -€28,589 | -44.9% |
| Deferred charges and accrued income | 490/1 | €40 | €51 | +€11 | +26.1% |
| Total equity and liabilities | 10/49 | €68,791 | €41,431 | -€27,360 | -39.8% |
| Equity | 10/15 | €21,918 | €28,312 | +€6,394 | +29.2% |
| Contributions | 10/11 | €70,700 | €70,700 | = | 0.0% |
| Reserves | 13 | €3,668 | €3,668 | = | 0.0% |
| Distributable reserves | 133 | €3,668 | €3,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,450 | -€46,055 | +€6,394 | +12.2% |
| Amounts payable | 17/49 | €46,873 | €13,118 | -€33,755 | -72.0% |
| Amounts payable after more than one year | 17 | €11,354 | €0 | -€11,354 | -100.0% |
| Financial debts | 170/4 | €11,354 | €0 | -€11,354 | -100.0% |
| Amounts payable within one year | 42/48 | €35,519 | €13,118 | -€22,400 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €33,755 | €11,354 | -€22,400 | -66.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,764 | €1,764 | = | 0.0% |
| Non-recurring operating income | 76A | €7,773 | €0 | -€7,773 | -100.0% |
| Other operating charges | 640/8 | €563 | €577 | +€14 | +2.5% |
| Gross operating margin | 9900 | €8,517 | €8,473 | -€44 | -0.5% |
| Operating profit (loss) | 9901 | €7,953 | €7,896 | -€58 | -0.7% |
| Financial charges | 65/66B | €3,186 | €1,501 | -€1,685 | -52.9% |
| Recurring financial charges | 65 | €3,186 | €1,501 | -€1,685 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €4,767 | €6,394 | +€1,627 | +34.1% |
| Profit (loss) for the period | 9904 | €4,767 | €6,394 | +€1,627 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,767 | €6,394 | +€1,627 | +34.1% |
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 1 October 2026 via checked.be.