Chris Navette: 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.
Chris Navette
Largest movements
- Tangible fixed assets -€11,158
down €11,158 (-33.4%), from €33,412 to €22,254
of which Leasing and similar rights: -€9,618
- Cash +€4,986
up €4,986 (+36.2%), from €13,787 to €18,773
mainly Depreciation (+€9,898) and Net result for the year (+€1,308)
- Debts after one year -€9,854
down €9,854 (-42.3%), from €23,294 to €13,440
- Reserves +€1,800
up €1,800 (+56.3%), from €3,200 to €5,000
- Other debts +€775
up €775 (+8.4%), from €9,222 to €9,997
- Tax, wage and social debts +€748
up €748 (+69.5%), from €1,075 to €1,823
- Current portion of long-term debt +€614
up €614 (+6.6%), from €9,239 to €9,854
- Gross operating margin -€4,845
down €4,845 (-23.9%), from €20,228 to €15,384
- Other operating charges -€3,634
down €3,634 (-83.9%), from €4,332 to €698
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 | €49,505 | €43,114 | -€6,391 | -12.9% |
| Fixed assets | 21/28 | €33,412 | €22,254 | -€11,158 | -33.4% |
| Tangible fixed assets | 22/27 | €33,412 | €22,254 | -€11,158 | -33.4% |
| Furniture and vehicles | 24 | €1,733 | €193 | -€1,540 | -88.9% |
| Leasing and similar rights | 25 | €31,680 | €22,062 | -€9,618 | -30.4% |
| Current assets | 29/58 | €16,093 | €20,860 | +€4,767 | +29.6% |
| Amounts receivable within one year | 40/41 | €1,284 | €1,121 | -€163 | -12.7% |
| Trade receivables | 40 | - | €475 | +€475 | |
| Other amounts receivable | 41 | €1,284 | €646 | -€638 | -49.7% |
| Cash at bank and in hand | 54/58 | €13,787 | €18,773 | +€4,986 | +36.2% |
| Deferred charges and accrued income | 490/1 | €1,022 | €966 | -€56 | -5.5% |
| Total equity and liabilities | 10/49 | €49,505 | €43,114 | -€6,391 | -12.9% |
| Equity | 10/15 | €6,446 | €7,754 | +€1,308 | +20.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,200 | €5,000 | +€1,800 | +56.3% |
| Distributable reserves | 133 | €3,200 | €5,000 | +€1,800 | +56.3% |
| Profit (loss) carried forward | 14 | €1,246 | €754 | -€492 | -39.5% |
| Amounts payable | 17/49 | €43,059 | €35,360 | -€7,699 | -17.9% |
| Amounts payable after more than one year | 17 | €23,294 | €13,440 | -€9,854 | -42.3% |
| Financial debts | 170/4 | €23,294 | €13,440 | -€9,854 | -42.3% |
| Amounts payable within one year | 42/48 | €19,765 | €21,920 | +€2,155 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €9,239 | €9,854 | +€614 | +6.6% |
| Trade debts | 44 | €228 | €246 | +€18 | +7.9% |
| Suppliers | 440/4 | €228 | €246 | +€18 | +7.9% |
| Taxes, remuneration and social security | 45 | €1,075 | €1,823 | +€748 | +69.5% |
| Taxes | 450/3 | €1,075 | €1,823 | +€748 | +69.5% |
| Other amounts payable | 47/48 | €9,222 | €9,997 | +€775 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,843 | €9,898 | +€55 | +0.6% |
| Other operating charges | 640/8 | €4,332 | €698 | -€3,634 | -83.9% |
| Non-recurring operating charges | 66A | - | €432 | +€432 | |
| Gross operating margin | 9900 | €20,228 | €15,384 | -€4,845 | -23.9% |
| Operating profit (loss) | 9901 | €6,054 | €4,356 | -€1,697 | -28.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,188 | €2,290 | +€102 | +4.6% |
| Recurring financial charges | 65 | €2,188 | €1,923 | -€265 | -12.1% |
| Non-recurring financial charges | 66B | - | €367 | +€367 | |
| Profit (loss) for the period before taxes | 9903 | €3,866 | €2,067 | -€1,799 | -46.5% |
| Income taxes | 67/77 | €609 | €759 | +€150 | +24.6% |
| Profit (loss) for the period | 9904 | €3,256 | €1,308 | -€1,949 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,256 | €1,308 | -€1,949 | -59.8% |
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 12 October 2026 via checked.be.