NEVERMIND: 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.
NEVERMIND
Largest movements
- Tangible fixed assets -€6,228
down €6,228 (-16.8%), from €37,084 to €30,856
of which Plant, machinery and equipment: -€5,765
- Intangible fixed assets -€5,003
down €5,003 (-23.1%), from €21,680 to €16,677
- Cash +€2,669
up €2,669 (+15.8%), from €16,874 to €19,543
mainly Depreciation (+€15,048) and Other debts (+€10,000)
- Stocks and contracts -€999
down €999 (-5.9%), from €16,990 to €15,992
- Current portion of long-term debt -€12,165
down €12,165 (-53.5%), from €22,746 to €10,581
- Debts after one year -€10,581
no longer reported in 2025 (was €10,581)
- Other debts +€10,000
up €10,000 (+76.9%), from €13,000 to €23,000
- Trade debts +€4,613
up €4,613 (+87.2%), from €5,292 to €9,905
- Profit (loss) carried forward -€4,110
down €4,110 (-90.2%), from €4,556 to €447
- Gross operating margin +€8,250
up €8,250 (+6.0%), from €136,652 to €144,902
- Staff costs +€3,288
up €3,288 (+3.0%), from €109,464 to €112,752
- Taxes +€2,535
up €2,535 (+221.5%), from €1,144 to €3,679
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 | €94,476 | €84,803 | -€9,673 | -10.2% |
| Fixed assets | 21/28 | €58,764 | €47,533 | -€11,231 | -19.1% |
| Intangible fixed assets | 21 | €21,680 | €16,677 | -€5,003 | -23.1% |
| Tangible fixed assets | 22/27 | €37,084 | €30,856 | -€6,228 | -16.8% |
| Plant, machinery and equipment | 23 | €36,622 | €30,856 | -€5,765 | -15.7% |
| Furniture and vehicles | 24 | €463 | - | -€463 | |
| Current assets | 29/58 | €35,712 | €37,270 | +€1,559 | +4.4% |
| Stocks and contracts in progress | 3 | €16,990 | €15,992 | -€999 | -5.9% |
| Stocks | 30/36 | €16,990 | €15,992 | -€999 | -5.9% |
| Amounts receivable within one year | 40/41 | €506 | €250 | -€256 | -50.7% |
| Trade receivables | 40 | €506 | €250 | -€256 | -50.7% |
| Cash at bank and in hand | 54/58 | €16,874 | €19,543 | +€2,669 | +15.8% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,486 | +€145 | +10.8% |
| Total equity and liabilities | 10/49 | €94,476 | €84,803 | -€9,673 | -10.2% |
| Equity | 10/15 | €23,156 | €19,047 | -€4,110 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,556 | €447 | -€4,110 | -90.2% |
| Amounts payable | 17/49 | €71,320 | €65,757 | -€5,563 | -7.8% |
| Amounts payable after more than one year | 17 | €10,581 | - | -€10,581 | |
| Financial debts | 170/4 | €10,581 | - | -€10,581 | |
| Amounts payable within one year | 42/48 | €60,739 | €65,757 | +€5,018 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €22,746 | €10,581 | -€12,165 | -53.5% |
| Trade debts | 44 | €5,292 | €9,905 | +€4,613 | +87.2% |
| Suppliers | 440/4 | €5,292 | €9,905 | +€4,613 | +87.2% |
| Taxes, remuneration and social security | 45 | €19,701 | €22,271 | +€2,569 | +13.0% |
| Taxes | 450/3 | €2,119 | €3,664 | +€1,545 | +72.9% |
| Remuneration and social security | 454/9 | €17,583 | €18,607 | +€1,024 | +5.8% |
| Other amounts payable | 47/48 | €13,000 | €23,000 | +€10,000 | +76.9% |
| Remuneration, social security and pensions | 62 | €109,464 | €112,752 | +€3,288 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,299 | €15,048 | -€251 | -1.6% |
| Other operating charges | 640/8 | €1,843 | €2,220 | +€377 | +20.5% |
| Gross operating margin | 9900 | €136,652 | €144,902 | +€8,250 | +6.0% |
| Operating profit (loss) | 9901 | €10,046 | €14,883 | +€4,836 | +48.1% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.9% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.9% |
| Financial charges | 65/66B | €5,890 | €5,313 | -€577 | -9.8% |
| Recurring financial charges | 65 | €5,890 | €5,313 | -€577 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €4,163 | €9,569 | +€5,406 | +129.8% |
| Income taxes | 67/77 | €1,144 | €3,679 | +€2,535 | +221.5% |
| Profit (loss) for the period | 9904 | €3,019 | €5,890 | +€2,871 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,019 | €5,890 | +€2,871 | +95.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.