Never Say Never: 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 Say Never
Largest movements
- Receivables within one year +€8,733
up €8,733 (+24.7%), from €35,391 to €44,124
of which Other amounts receivable: +€8,094
- Cash +€4,856
up €4,856 (+20.2%), from €24,035 to €28,890
mainly Net result for the year (+€29,006) and Other debts (+€4,599)
- Reserves +€10,000
up €10,000 (+24.4%), from €41,000 to €51,000
of which Distributable reserves: +€48,000
- Other debts +€4,599
up €4,599 (+37.1%), from €12,401 to €17,000
- Trade debts -€2,841
down €2,841 (-55.4%), from €5,129 to €2,288
- Tax, wage and social debts +€2,355
up €2,355 (+143%), from €1,645 to €4,000
- Profit (loss) carried forward -€994
down €994 (-59.9%), from €1,659 to €665
- Gross operating margin +€24,754
up €24,754 (+163%), from €15,183 to €39,937
- Taxes +€6,034
up €6,034 (+107%), from €5,614 to €11,649
- Depreciation -€2,042
down €2,042 (-61.3%), from €3,331 to €1,289
- Financial income +€507
up €507 (+24.0%), from €2,112 to €2,619
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,139 | €77,561 | +€13,423 | +20.9% |
| Fixed assets | 21/28 | €3,267 | €3,151 | -€116 | -3.5% |
| Tangible fixed assets | 22/27 | €3,079 | €2,963 | -€116 | -3.8% |
| Furniture and vehicles | 24 | €3,079 | €2,963 | -€116 | -3.8% |
| Financial fixed assets | 28 | €188 | €188 | = | 0.0% |
| Current assets | 29/58 | €60,872 | €74,410 | +€13,538 | +22.2% |
| Amounts receivable within one year | 40/41 | €35,391 | €44,124 | +€8,733 | +24.7% |
| Trade receivables | 40 | €27,709 | €28,348 | +€639 | +2.3% |
| Other amounts receivable | 41 | €7,682 | €15,776 | +€8,094 | +105% |
| Cash at bank and in hand | 54/58 | €24,035 | €28,890 | +€4,856 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,446 | €1,396 | -€50 | -3.5% |
| Total equity and liabilities | 10/49 | €64,139 | €77,561 | +€13,423 | +20.9% |
| Equity | 10/15 | €44,659 | €53,665 | +€9,006 | +20.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,000 | €51,000 | +€10,000 | +24.4% |
| Non-distributable reserves | 130/1 | €38,000 | - | -€38,000 | |
| Reserves not available under the articles | 1311 | €38,000 | - | -€38,000 | |
| Distributable reserves | 133 | €3,000 | €51,000 | +€48,000 | +1,600% |
| Profit (loss) carried forward | 14 | €1,659 | €665 | -€994 | -59.9% |
| Amounts payable | 17/49 | €19,479 | €23,896 | +€4,417 | +22.7% |
| Amounts payable within one year | 42/48 | €19,175 | €23,288 | +€4,113 | +21.4% |
| Trade debts | 44 | €5,129 | €2,288 | -€2,841 | -55.4% |
| Suppliers | 440/4 | €5,129 | €2,288 | -€2,841 | -55.4% |
| Taxes, remuneration and social security | 45 | €1,645 | €4,000 | +€2,355 | +143% |
| Taxes | 450/3 | €1,645 | €4,000 | +€2,355 | +143% |
| Other amounts payable | 47/48 | €12,401 | €17,000 | +€4,599 | +37.1% |
| Accrued charges and deferred income | 492/3 | €304 | €608 | +€304 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,331 | €1,289 | -€2,042 | -61.3% |
| Other operating charges | 640/8 | €263 | €545 | +€282 | +107% |
| Gross operating margin | 9900 | €15,183 | €39,937 | +€24,754 | +163% |
| Operating profit (loss) | 9901 | €11,589 | €38,103 | +€26,514 | +229% |
| Financial income | 75/76B | €2,112 | €2,619 | +€507 | +24.0% |
| Recurring financial income | 75 | €2,112 | €2,619 | +€507 | +24.0% |
| Financial charges | 65/66B | €67 | €69 | +€1 | +1.6% |
| Recurring financial charges | 65 | €67 | €69 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €13,634 | €40,654 | +€27,020 | +198% |
| Income taxes | 67/77 | €5,614 | €11,649 | +€6,034 | +107% |
| Profit (loss) for the period | 9904 | €8,020 | €29,006 | +€20,986 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €8,020 | €29,006 | +€20,986 | +262% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.