NEVERWOOD: 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.
NEVERWOOD
Largest movements
- Receivables within one year +€43,080
up €43,080 (+412.8%), from €10,435 to €53,514
of which Other amounts receivable: +€42,133
- Cash -€25,860
down €25,860 (-47.8%), from €54,127 to €28,267
mainly Receivables within one year (-€43,080) and Investment in fixed assets (net) (-€40,510)
- Tangible fixed assets +€18,508
up €18,508 (+18.4%), from €100,616 to €119,123
of which Land and buildings: +€25,876
- Profit (loss) carried forward +€32,741
up €32,741 (+37.4%), from €87,650 to €120,390
- Other debts +€19,422
up €19,422 (+46.0%), from €42,198 to €61,620
- Trade debts -€13,325
down €13,325 (-72.6%), from €18,365 to €5,040
- Tax, wage and social debts -€3,506
down €3,506 (-33.1%), from €10,588 to €7,082
- Depreciation +€4,191
up €4,191 (+23.5%), from €17,811 to €22,002
- Gross operating margin +€2,008
up €2,008 (+2.8%), from €70,634 to €72,642
- Financial charges +€1,380
up €1,380 (+44.1%), from €3,130 to €4,510
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 | €165,677 | €202,140 | +€36,463 | +22.0% |
| Fixed assets | 21/28 | €100,616 | €119,123 | +€18,508 | +18.4% |
| Tangible fixed assets | 22/27 | €100,616 | €119,123 | +€18,508 | +18.4% |
| Land and buildings | 22 | €90,603 | €116,479 | +€25,876 | +28.6% |
| Furniture and vehicles | 24 | €10,013 | €2,644 | -€7,369 | -73.6% |
| Current assets | 29/58 | €65,061 | €83,017 | +€17,955 | +27.6% |
| Amounts receivable within one year | 40/41 | €10,435 | €53,514 | +€43,080 | +412.8% |
| Trade receivables | 40 | €10,431 | €11,378 | +€946 | +9.1% |
| Other amounts receivable | 41 | €4 | €42,137 | +€42,133 | +1114631.0% |
| Cash at bank and in hand | 54/58 | €54,127 | €28,267 | -€25,860 | -47.8% |
| Deferred charges and accrued income | 490/1 | €499 | €1,235 | +€736 | +147.4% |
| Total equity and liabilities | 10/49 | €165,677 | €202,140 | +€36,463 | +22.0% |
| Equity | 10/15 | €90,650 | €123,390 | +€32,741 | +36.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,650 | €120,390 | +€32,741 | +37.4% |
| Amounts payable | 17/49 | €75,027 | €78,749 | +€3,722 | +5.0% |
| Amounts payable within one year | 42/48 | €71,152 | €73,742 | +€2,591 | +3.6% |
| Trade debts | 44 | €18,365 | €5,040 | -€13,325 | -72.6% |
| Suppliers | 440/4 | €18,365 | €5,040 | -€13,325 | -72.6% |
| Taxes, remuneration and social security | 45 | €10,588 | €7,082 | -€3,506 | -33.1% |
| Taxes | 450/3 | €10,588 | €7,082 | -€3,506 | -33.1% |
| Other amounts payable | 47/48 | €42,198 | €61,620 | +€19,422 | +46.0% |
| Accrued charges and deferred income | 492/3 | €3,876 | €5,007 | +€1,131 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,811 | €22,002 | +€4,191 | +23.5% |
| Other operating charges | 640/8 | €1,082 | €814 | -€269 | -24.8% |
| Gross operating margin | 9900 | €70,634 | €72,642 | +€2,008 | +2.8% |
| Operating profit (loss) | 9901 | €51,740 | €49,826 | -€1,914 | -3.7% |
| Financial income | 75/76B | €3 | €151 | +€148 | +4915.3% |
| Recurring financial income | 75 | €3 | €151 | +€148 | +4915.3% |
| Financial charges | 65/66B | €3,130 | €4,510 | +€1,380 | +44.1% |
| Recurring financial charges | 65 | €3,130 | €4,510 | +€1,380 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €48,613 | €45,467 | -€3,146 | -6.5% |
| Income taxes | 67/77 | €13,093 | €12,727 | -€367 | -2.8% |
| Profit (loss) for the period | 9904 | €35,520 | €32,741 | -€2,780 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,520 | €32,741 | -€2,780 | -7.8% |
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 7 October 2026 via checked.be.