CAROLINE NAVA: 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.
CAROLINE NAVA
Largest movements
- Cash -€20,429
down €20,429 (-34.3%), from €59,485 to €39,056
mainly Net result for the year (-€17,213) and Investment in fixed assets (net) (-€4,114)
- Receivables within one year +€3,532
up €3,532 (+5.9%), from €60,099 to €63,631
of which Other amounts receivable: +€3,532
- Tangible fixed assets +€2,362
up €2,362 (+53.7%), from €4,398 to €6,761
of which Furniture and vehicles: +€3,126
- Deferred charges and accrued income +€1,430
up €1,430 (+35.1%), from €4,075 to €5,505
- Profit (loss) carried forward -€17,213
down €17,213 (-38.3%), from €44,934 to €27,720
- Tax, wage and social debts +€3,872
up €3,872 (+55.5%), from €6,977 to €10,848
- Accrued charges and deferred income +€3,707
up €3,707 (+112%), from €3,320 to €7,027
- Trade debts -€3,470
down €3,470 (-6.2%), from €55,808 to €52,338
of which Suppliers: -€5,089
- Gross operating margin -€23,683
down €23,683, from €14,372 to -€9,311
- Taxes +€1,997
up €1,997 (+52.8%), from €3,779 to €5,776
- Other operating charges +€418
up €418 (+37.5%), from €1,113 to €1,531
- Financial income -€237
down €237 (-15.6%), from €1,517 to €1,280
- Financial charges -€177
down €177 (-58.6%), from €301 to €125
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 | €129,598 | €116,493 | -€13,105 | -10.1% |
| Fixed assets | 21/28 | €4,438 | €6,801 | +€2,362 | +53.2% |
| Tangible fixed assets | 22/27 | €4,398 | €6,761 | +€2,362 | +53.7% |
| Plant, machinery and equipment | 23 | €1,191 | €844 | -€346 | -29.1% |
| Furniture and vehicles | 24 | €1,087 | €4,212 | +€3,126 | +288% |
| Leasing and similar rights | 25 | €1,139 | €808 | -€332 | -29.1% |
| Other tangible fixed assets | 26 | €981 | €896 | -€85 | -8.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €125,160 | €109,693 | -€15,467 | -12.4% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,099 | €63,631 | +€3,532 | +5.9% |
| Trade receivables | 40 | €41,807 | €41,807 | = | 0.0% |
| Other amounts receivable | 41 | €18,293 | €21,824 | +€3,532 | +19.3% |
| Cash at bank and in hand | 54/58 | €59,485 | €39,056 | -€20,429 | -34.3% |
| Deferred charges and accrued income | 490/1 | €4,075 | €5,505 | +€1,430 | +35.1% |
| Total equity and liabilities | 10/49 | €129,598 | €116,493 | -€13,105 | -10.1% |
| Equity | 10/15 | €63,494 | €46,280 | -€17,213 | -27.1% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Distributable reserves | 133 | €10,860 | €10,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,934 | €27,720 | -€17,213 | -38.3% |
| Amounts payable | 17/49 | €66,104 | €70,213 | +€4,109 | +6.2% |
| Amounts payable within one year | 42/48 | €62,784 | €63,186 | +€401 | +0.6% |
| Trade debts | 44 | €55,808 | €52,338 | -€3,470 | -6.2% |
| Suppliers | 440/4 | €10,244 | €5,155 | -€5,089 | -49.7% |
| Bills of exchange payable | 441 | €45,564 | €47,182 | +€1,619 | +3.6% |
| Taxes, remuneration and social security | 45 | €6,977 | €10,848 | +€3,872 | +55.5% |
| Taxes | 450/3 | €6,977 | €10,848 | +€3,872 | +55.5% |
| Accrued charges and deferred income | 492/3 | €3,320 | €7,027 | +€3,707 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,758 | €1,751 | -€6 | -0.4% |
| Other operating charges | 640/8 | €1,113 | €1,531 | +€418 | +37.5% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €14,372 | -€9,311 | -€23,683 | |
| Operating profit (loss) | 9901 | €11,501 | -€12,593 | -€24,094 | |
| Financial income | 75/76B | €1,517 | €1,280 | -€237 | -15.6% |
| Recurring financial income | 75 | €1,517 | €1,280 | -€237 | -15.6% |
| Financial charges | 65/66B | €301 | €125 | -€177 | -58.6% |
| Recurring financial charges | 65 | €301 | €125 | -€177 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €12,717 | -€11,438 | -€24,154 | |
| Income taxes | 67/77 | €3,779 | €5,776 | +€1,997 | +52.8% |
| Profit (loss) for the period | 9904 | €8,938 | -€17,213 | -€26,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,938 | -€17,213 | -€26,151 |
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 22 October 2026 via checked.be.