The 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.
The Neverland
Largest movements
- Stocks and contracts +€44,963
up €44,963 (+19.7%), from €228,466 to €273,429
- Cash +€33,714
up €33,714 (+28.3%), from €119,278 to €152,992
mainly Net result for the year (+€58,112) and Receivables within one year (+€26,357)
- Receivables within one year -€26,357
down €26,357 (-98.8%), from €26,686 to €329
of which Other amounts receivable: -€19,447
- Tangible fixed assets -€6,559
down €6,559 (-26.9%), from €24,384 to €17,825
of which Furniture and vehicles: -€6,328
- Other debts -€71,453
down €71,453 (-40.2%), from €177,778 to €106,325
- Profit (loss) carried forward +€58,112
up €58,112 (+54.8%), from €105,981 to €164,093
- Debts after one year +€25,667
up €25,667 (+151%), from €16,963 to €42,630
- Trade debts +€14,262
up €14,262 (+49.7%), from €28,694 to €42,956
- Tax, wage and social debts +€12,948
up €12,948 (+22.4%), from €57,859 to €70,806
of which Taxes: +€9,104
- Gross operating margin -€77,122
down €77,122 (-35.2%), from €219,257 to €142,135
- Staff costs -€15,233
down €15,233 (-24.7%), from €61,791 to €46,557
- Taxes -€10,920
down €10,920 (-47.6%), from €22,934 to €12,015
- Financial charges -€4,740
down €4,740 (-24.6%), from €19,295 to €14,555
- Other operating charges +€3,865
up €3,865 (+679%), from €569 to €4,434
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,369 | €446,870 | +€47,501 | +11.9% |
| Fixed assets | 21/28 | €24,839 | €20,020 | -€4,819 | -19.4% |
| Tangible fixed assets | 22/27 | €24,384 | €17,825 | -€6,559 | -26.9% |
| Plant, machinery and equipment | 23 | €2,001 | €1,770 | -€231 | -11.5% |
| Furniture and vehicles | 24 | €22,383 | €16,055 | -€6,328 | -28.3% |
| Financial fixed assets | 28 | €455 | €2,195 | +€1,740 | +382% |
| Current assets | 29/58 | €374,530 | €426,850 | +€52,320 | +14.0% |
| Stocks and contracts in progress | 3 | €228,466 | €273,429 | +€44,963 | +19.7% |
| Stocks | 30/36 | €228,466 | €273,429 | +€44,963 | +19.7% |
| Amounts receivable within one year | 40/41 | €26,686 | €329 | -€26,357 | -98.8% |
| Trade receivables | 40 | €6,910 | - | -€6,910 | |
| Other amounts receivable | 41 | €19,777 | €329 | -€19,447 | -98.3% |
| Cash at bank and in hand | 54/58 | €119,278 | €152,992 | +€33,714 | +28.3% |
| Deferred charges and accrued income | 490/1 | €99 | €99 | = | 0.0% |
| Total equity and liabilities | 10/49 | €399,369 | €446,870 | +€47,501 | +11.9% |
| Equity | 10/15 | €110,981 | €169,093 | +€58,112 | +52.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,981 | €164,093 | +€58,112 | +54.8% |
| Amounts payable | 17/49 | €288,388 | €277,777 | -€10,611 | -3.7% |
| Amounts payable after more than one year | 17 | €16,963 | €42,630 | +€25,667 | +151% |
| Financial debts | 170/4 | €16,963 | €42,630 | +€25,667 | +151% |
| Amounts payable within one year | 42/48 | €270,075 | €235,146 | -€34,929 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €5,744 | €15,059 | +€9,315 | +162% |
| Trade debts | 44 | €28,694 | €42,956 | +€14,262 | +49.7% |
| Suppliers | 440/4 | €28,694 | €42,956 | +€14,262 | +49.7% |
| Taxes, remuneration and social security | 45 | €57,859 | €70,806 | +€12,948 | +22.4% |
| Taxes | 450/3 | €57,593 | €66,697 | +€9,104 | +15.8% |
| Remuneration and social security | 454/9 | €265 | €4,109 | +€3,844 | +1,449% |
| Other amounts payable | 47/48 | €177,778 | €106,325 | -€71,453 | -40.2% |
| Accrued charges and deferred income | 492/3 | €1,350 | - | -€1,350 | |
| Remuneration, social security and pensions | 62 | €61,791 | €46,557 | -€15,233 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,845 | €6,559 | -€2,286 | -25.8% |
| Other operating charges | 640/8 | €569 | €4,434 | +€3,865 | +679% |
| Gross operating margin | 9900 | €219,257 | €142,135 | -€77,122 | -35.2% |
| Operating profit (loss) | 9901 | €148,052 | €84,584 | -€63,468 | -42.9% |
| Financial income | 75/76B | €159 | €98 | -€61 | -38.3% |
| Recurring financial income | 75 | €159 | €98 | -€61 | -38.3% |
| Financial charges | 65/66B | €19,295 | €14,555 | -€4,740 | -24.6% |
| Recurring financial charges | 65 | €19,295 | €14,555 | -€4,740 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €128,915 | €70,127 | -€58,788 | -45.6% |
| Income taxes | 67/77 | €22,934 | €12,015 | -€10,920 | -47.6% |
| Profit (loss) for the period | 9904 | €105,981 | €58,112 | -€47,869 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,981 | €58,112 | -€47,869 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.