Meubles Navez: 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.
Meubles Navez
Largest movements
- Cash +€2,300
up €2,300 (+2.3%), from €98,692 to €100,992
mainly Net result for the year (+€9,994) and Advances received (+€2,878)
- Tangible fixed assets -€2,199
down €2,199 (-63.0%), from €3,489 to €1,290
of which Furniture and vehicles: -€1,834
- Other debts -€15,639
down €15,639 (-15.9%), from €98,217 to €82,578
- Profit (loss) carried forward +€9,994
up €9,994 (+3.7%), from -€272,687 to -€262,693
- Advances received +€2,878
up €2,878 (+24.6%), from €11,713 to €14,591
- Trade debts +€2,839
up €2,839 (+14.8%), from €19,119 to €21,958
- Gross operating margin -€19,394
down €19,394 (-48.0%), from €40,380 to €20,986
- Depreciation -€3,694
down €3,694 (-62.7%), from €5,893 to €2,199
- Staff costs -€3,077
down €3,077, from €3,053 to -€24
- Financial charges -€1,015
down €1,015 (-51.7%), from €1,963 to €948
- Other operating charges +€605
up €605 (+8.0%), from €7,543 to €8,149
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 | €185,453 | €185,312 | -€141 | -0.1% |
| Fixed assets | 21/28 | €3,639 | €1,440 | -€2,199 | -60.4% |
| Tangible fixed assets | 22/27 | €3,489 | €1,290 | -€2,199 | -63.0% |
| Plant, machinery and equipment | 23 | €910 | €546 | -€365 | -40.1% |
| Furniture and vehicles | 24 | €2,578 | €744 | -€1,834 | -71.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €181,815 | €183,872 | +€2,057 | +1.1% |
| Stocks and contracts in progress | 3 | €81,971 | €81,365 | -€606 | -0.7% |
| Stocks | 30/36 | €81,971 | €81,365 | -€606 | -0.7% |
| Amounts receivable within one year | 40/41 | €1,152 | €1,515 | +€363 | +31.5% |
| Trade receivables | 40 | €1,152 | €1,515 | +€363 | +31.5% |
| Cash at bank and in hand | 54/58 | €98,692 | €100,992 | +€2,300 | +2.3% |
| Total equity and liabilities | 10/49 | €185,453 | €185,312 | -€141 | -0.1% |
| Equity | 10/15 | €45,821 | €55,815 | +€9,994 | +21.8% |
| Contributions | 10/11 | €18,964 | €18,964 | = | 0.0% |
| Contributions outside capital | 11 | €18,964 | €18,964 | = | 0.0% |
| Other | 1109/19 | €18,964 | €18,964 | = | 0.0% |
| Reserves | 13 | €299,544 | €299,544 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,896 | €1,896 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,896 | €1,896 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,603 | €34,603 | = | 0.0% |
| Distributable reserves | 133 | €263,045 | €263,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,687 | -€262,693 | +€9,994 | +3.7% |
| Amounts payable | 17/49 | €139,632 | €129,497 | -€10,135 | -7.3% |
| Amounts payable within one year | 42/48 | €139,632 | €129,497 | -€10,135 | -7.3% |
| Trade debts | 44 | €19,119 | €21,958 | +€2,839 | +14.8% |
| Suppliers | 440/4 | €19,119 | €21,958 | +€2,839 | +14.8% |
| Advances received on contracts in progress | 46 | €11,713 | €14,591 | +€2,878 | +24.6% |
| Taxes, remuneration and social security | 45 | €10,583 | €10,370 | -€212 | -2.0% |
| Taxes | 450/3 | €10,583 | €10,370 | -€212 | -2.0% |
| Other amounts payable | 47/48 | €98,217 | €82,578 | -€15,639 | -15.9% |
| Remuneration, social security and pensions | 62 | €3,053 | -€24 | -€3,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,893 | €2,199 | -€3,694 | -62.7% |
| Other operating charges | 640/8 | €7,543 | €8,149 | +€605 | +8.0% |
| Gross operating margin | 9900 | €40,380 | €20,986 | -€19,394 | -48.0% |
| Operating profit (loss) | 9901 | €23,891 | €10,662 | -€13,228 | -55.4% |
| Financial income | 75/76B | €231 | €459 | +€228 | +98.9% |
| Recurring financial income | 75 | €231 | €459 | +€228 | +98.9% |
| Financial charges | 65/66B | €1,963 | €948 | -€1,015 | -51.7% |
| Recurring financial charges | 65 | €1,963 | €948 | -€1,015 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €22,158 | €10,174 | -€11,985 | -54.1% |
| Income taxes | 67/77 | €171 | €180 | +€9 | +5.3% |
| Profit (loss) for the period | 9904 | €21,988 | €9,994 | -€11,994 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,988 | €9,994 | -€11,994 | -54.5% |
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 30 October 2026 via checked.be.