Neverending: 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.
Neverending
Largest movements
- Tangible fixed assets -€18,831
down €18,831 (-3.2%), from €597,451 to €578,619
of which Land and buildings: -€18,831
- Debts after one year -€27,781
down €27,781 (-4.8%), from €575,526 to €547,745
- Profit (loss) carried forward +€7,794
up €7,794 (+8.2%), from -€95,303 to -€87,509
- Gross operating margin +€12,894
up €12,894 (+33.4%), from €38,637 to €51,531
- Financial charges +€2,989
up €2,989 (+15.9%), from €18,828 to €21,817
- Other operating charges -€1,010
down €1,010 (-24.6%), from €4,098 to €3,089
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 | €611,105 | €590,000 | -€21,105 | -3.5% |
| Fixed assets | 21/28 | €597,451 | €578,619 | -€18,831 | -3.2% |
| Tangible fixed assets | 22/27 | €597,451 | €578,619 | -€18,831 | -3.2% |
| Land and buildings | 22 | €591,089 | €572,258 | -€18,831 | -3.2% |
| Plant, machinery and equipment | 23 | €6,362 | €6,362 | = | 0.0% |
| Current assets | 29/58 | €13,654 | €11,380 | -€2,274 | -16.7% |
| Amounts receivable within one year | 40/41 | €7,954 | €10,289 | +€2,335 | +29.4% |
| Trade receivables | 40 | €682 | €682 | = | 0.0% |
| Other amounts receivable | 41 | €7,272 | €9,608 | +€2,335 | +32.1% |
| Cash at bank and in hand | 54/58 | €5,332 | €151 | -€5,181 | -97.2% |
| Deferred charges and accrued income | 490/1 | €368 | €940 | +€572 | +155.4% |
| Total equity and liabilities | 10/49 | €611,105 | €590,000 | -€21,105 | -3.5% |
| Equity | 10/15 | -€87,803 | -€80,009 | +€7,794 | +8.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,303 | -€87,509 | +€7,794 | +8.2% |
| Amounts payable | 17/49 | €698,908 | €670,009 | -€28,899 | -4.1% |
| Amounts payable after more than one year | 17 | €575,526 | €547,745 | -€27,781 | -4.8% |
| Financial debts | 170/4 | €575,526 | €547,745 | -€27,781 | -4.8% |
| Amounts payable within one year | 42/48 | €121,104 | €121,269 | +€165 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €28,389 | €27,781 | -€609 | -2.1% |
| Trade debts | 44 | €950 | €110 | -€840 | -88.4% |
| Suppliers | 440/4 | €950 | €110 | -€840 | -88.4% |
| Taxes, remuneration and social security | 45 | €437 | €0 | -€437 | -100.0% |
| Taxes | 450/3 | €437 | €0 | -€437 | -100.0% |
| Other amounts payable | 47/48 | €91,328 | €93,378 | +€2,050 | +2.2% |
| Accrued charges and deferred income | 492/3 | €2,278 | €995 | -€1,283 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,831 | €18,831 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,098 | €3,089 | -€1,010 | -24.6% |
| Gross operating margin | 9900 | €38,637 | €51,531 | +€12,894 | +33.4% |
| Operating profit (loss) | 9901 | €15,708 | €29,611 | +€13,903 | +88.5% |
| Financial charges | 65/66B | €18,828 | €21,817 | +€2,989 | +15.9% |
| Recurring financial charges | 65 | €18,828 | €21,817 | +€2,989 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,120 | €7,794 | +€10,914 | |
| Income taxes | 67/77 | €174 | €0 | -€174 | -100.0% |
| Profit (loss) for the period | 9904 | -€3,294 | €7,794 | +€11,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,294 | €7,794 | +€11,089 |
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 3 October 2026 via checked.be.