NEVERLAND: 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.
NEVERLAND
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€118,482
down €118,482 (-17.7%), from €668,668 to €550,186
of which Distributable reserves: -€118,482
- Other debts +€117,753
new in 2025: €117,753
- Tax, wage and social debts +€14,622
up €14,622 (+77.7%), from €18,825 to €33,446
- Current portion of long-term debt -€12,793
down €12,793 (-74.5%), from €17,164 to €4,370
- Taxes -€9,523
down €9,523 (-17.6%), from €54,231 to €44,709
- Gross operating margin +€6,144
up €6,144 (+3.3%), from €185,175 to €191,319
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 | €809,102 | €810,028 | +€926 | +0.1% |
| Fixed assets | 21/28 | €795,000 | €795,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €795,000 | €795,000 | = | 0.0% |
| Land and buildings | 22 | €795,000 | €795,000 | = | 0.0% |
| Current assets | 29/58 | €14,102 | €15,028 | +€926 | +6.6% |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €14,102 | €15,028 | +€926 | +6.6% |
| Total equity and liabilities | 10/49 | €809,102 | €810,028 | +€926 | +0.1% |
| Equity | 10/15 | €768,668 | €650,186 | -€118,482 | -15.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €668,668 | €550,186 | -€118,482 | -17.7% |
| Non-distributable reserves | 130/1 | €6,767 | €6,767 | = | 0.0% |
| Other | 1319 | €6,767 | €6,767 | = | 0.0% |
| Distributable reserves | 133 | €661,900 | €543,419 | -€118,482 | -17.9% |
| Amounts payable | 17/49 | €40,434 | €159,842 | +€119,408 | +295% |
| Amounts payable after more than one year | 17 | €4,337 | - | -€4,337 | |
| Financial debts | 170/4 | €4,337 | - | -€4,337 | |
| Amounts payable within one year | 42/48 | €36,097 | €159,842 | +€123,745 | +343% |
| Current portion of amounts payable after more than one year | 42 | €17,164 | €4,370 | -€12,793 | -74.5% |
| Trade debts | 44 | €108 | €4,273 | +€4,164 | +3,841% |
| Suppliers | 440/4 | €108 | €4,273 | +€4,164 | +3,841% |
| Taxes, remuneration and social security | 45 | €18,825 | €33,446 | +€14,622 | +77.7% |
| Taxes | 450/3 | €18,825 | €33,446 | +€14,622 | +77.7% |
| Other amounts payable | 47/48 | - | €117,753 | +€117,753 | |
| Remuneration, social security and pensions | 62 | -€27 | - | +€27 | |
| Other operating charges | 640/8 | €14,100 | €14,541 | +€441 | +3.1% |
| Gross operating margin | 9900 | €185,175 | €191,319 | +€6,144 | +3.3% |
| Operating profit (loss) | 9901 | €171,102 | €176,778 | +€5,677 | +3.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €662 | €552 | -€110 | -16.6% |
| Recurring financial charges | 65 | €662 | €552 | -€110 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €170,441 | €176,227 | +€5,786 | +3.4% |
| Income taxes | 67/77 | €54,231 | €44,709 | -€9,523 | -17.6% |
| Profit (loss) for the period | 9904 | €116,210 | €131,518 | +€15,309 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,210 | €131,518 | +€15,309 | +13.2% |
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 19 October 2026 via checked.be.