NEVER NOT MOVING: 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 NOT MOVING
Largest movements
- Cash +€61,915
up €61,915 (+49.2%), from €125,836 to €187,751
mainly Net result for the year (+€75,267) and Depreciation (+€46,811)
- Tangible fixed assets +€18,562
up €18,562 (+17.3%), from €107,555 to €126,117
of which Other tangible fixed assets: +€25,121
- Intangible fixed assets -€14,000
down €14,000 (-18.2%), from €77,019 to €63,019
- Profit (loss) carried forward +€45,767
up €45,767 (+45.1%), from €101,590 to €147,357
- Current portion of long-term debt -€32,333
down €32,333 (-80.4%), from €40,235 to €7,902
- Trade debts -€29,919
down €29,919 (-43.8%), from €68,368 to €38,450
- Tax, wage and social debts +€29,015
up €29,015 (+72.7%), from €39,909 to €68,924
of which Taxes: +€22,242
- Debts after one year +€24,451
up €24,451 (+29.4%), from €83,139 to €107,590
- Gross operating margin +€123,798
up €123,798 (+36.8%), from €336,555 to €460,354
- Staff costs +€78,518
up €78,518 (+36.1%), from €217,642 to €296,160
- Taxes +€13,492
up €13,492 (+114.3%), from €11,799 to €25,291
- Depreciation +€5,060
up €5,060 (+12.1%), from €41,752 to €46,811
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 | €348,790 | €414,544 | +€65,754 | +18.9% |
| Fixed assets | 21/28 | €190,855 | €195,367 | +€4,512 | +2.4% |
| Intangible fixed assets | 21 | €77,019 | €63,019 | -€14,000 | -18.2% |
| Tangible fixed assets | 22/27 | €107,555 | €126,117 | +€18,562 | +17.3% |
| Plant, machinery and equipment | 23 | €25,598 | €23,838 | -€1,760 | -6.9% |
| Furniture and vehicles | 24 | €39,122 | €34,323 | -€4,799 | -12.3% |
| Other tangible fixed assets | 26 | €42,836 | €67,957 | +€25,121 | +58.6% |
| Financial fixed assets | 28 | €6,280 | €6,230 | -€50 | -0.8% |
| Current assets | 29/58 | €157,936 | €219,178 | +€61,242 | +38.8% |
| Stocks and contracts in progress | 3 | €12,885 | €11,577 | -€1,309 | -10.2% |
| Stocks | 30/36 | €12,885 | €11,577 | -€1,309 | -10.2% |
| Amounts receivable within one year | 40/41 | €18,012 | €18,110 | +€99 | +0.5% |
| Trade receivables | 40 | €15,051 | €14,035 | -€1,016 | -6.8% |
| Other amounts receivable | 41 | €2,961 | €4,076 | +€1,115 | +37.7% |
| Cash at bank and in hand | 54/58 | €125,836 | €187,751 | +€61,915 | +49.2% |
| Deferred charges and accrued income | 490/1 | €1,202 | €1,740 | +€538 | +44.7% |
| Total equity and liabilities | 10/49 | €348,790 | €414,544 | +€65,754 | +18.9% |
| Equity | 10/15 | €106,590 | €152,357 | +€45,767 | +42.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,590 | €147,357 | +€45,767 | +45.1% |
| Amounts payable | 17/49 | €242,200 | €262,188 | +€19,987 | +8.3% |
| Amounts payable after more than one year | 17 | €83,139 | €107,590 | +€24,451 | +29.4% |
| Financial debts | 170/4 | €83,139 | €107,590 | +€24,451 | +29.4% |
| Amounts payable within one year | 42/48 | €159,061 | €148,615 | -€10,446 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €40,235 | €7,902 | -€32,333 | -80.4% |
| Financial debts | 43 | €4,113 | €3,840 | -€273 | -6.6% |
| Credit institutions | 430/8 | €4,113 | €3,840 | -€273 | -6.6% |
| Trade debts | 44 | €68,368 | €38,450 | -€29,919 | -43.8% |
| Suppliers | 440/4 | €68,368 | €38,450 | -€29,919 | -43.8% |
| Taxes, remuneration and social security | 45 | €39,909 | €68,924 | +€29,015 | +72.7% |
| Taxes | 450/3 | €22,432 | €44,674 | +€22,242 | +99.2% |
| Remuneration and social security | 454/9 | €17,477 | €24,250 | +€6,772 | +38.8% |
| Other amounts payable | 47/48 | €6,436 | €29,500 | +€23,064 | +358.4% |
| Accrued charges and deferred income | 492/3 | - | €5,983 | +€5,983 | |
| Remuneration, social security and pensions | 62 | €217,642 | €296,160 | +€78,518 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,752 | €46,811 | +€5,060 | +12.1% |
| Other operating charges | 640/8 | €1,263 | €1,458 | +€195 | +15.4% |
| Gross operating margin | 9900 | €336,555 | €460,354 | +€123,798 | +36.8% |
| Operating profit (loss) | 9901 | €75,899 | €115,925 | +€40,026 | +52.7% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.9% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.9% |
| Financial charges | 65/66B | €17,380 | €15,367 | -€2,013 | -11.6% |
| Recurring financial charges | 65 | €17,380 | €15,367 | -€2,013 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €58,537 | €100,558 | +€42,021 | +71.8% |
| Income taxes | 67/77 | €11,799 | €25,291 | +€13,492 | +114.3% |
| Profit (loss) for the period | 9904 | €46,738 | €75,267 | +€28,529 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,738 | €75,267 | +€28,529 | +61.0% |
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 12 October 2026 via checked.be.