NAV-E-GATE: 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.
NAV-E-GATE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€30,819
down €30,819 (-8.2%), from €376,234 to €345,415
- Reserves +€19,308
up €19,308 (+41.6%), from €46,377 to €65,684
- Current portion of long-term debt +€9,058
up €9,058 (+61.6%), from €14,692 to €23,750
- Financial charges +€3,970
up €3,970 (+277%), from €1,433 to €5,404
- Gross operating margin +€1,805
up €1,805 (+6.0%), from €29,848 to €31,653
- Taxes +€775
up €775 (+13.7%), from €5,661 to €6,436
- Other operating charges +€396
up €396 (+364%), from €109 to €505
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 | €600,963 | €598,509 | -€2,454 | -0.4% |
| Fixed assets | 21/28 | €520,000 | €520,000 | = | 0.0% |
| Financial fixed assets | 28 | €520,000 | €520,000 | = | 0.0% |
| Current assets | 29/58 | €80,963 | €78,509 | -€2,454 | -3.0% |
| Amounts receivable within one year | 40/41 | €70,814 | €72,213 | +€1,399 | +2.0% |
| Trade receivables | 40 | €61,287 | €63,586 | +€2,299 | +3.8% |
| Other amounts receivable | 41 | €9,528 | €8,628 | -€900 | -9.4% |
| Cash at bank and in hand | 54/58 | €10,149 | €5,900 | -€4,248 | -41.9% |
| Deferred charges and accrued income | 490/1 | - | €396 | +€396 | |
| Total equity and liabilities | 10/49 | €600,963 | €598,509 | -€2,454 | -0.4% |
| Equity | 10/15 | €146,377 | €165,684 | +€19,308 | +13.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €46,377 | €65,684 | +€19,308 | +41.6% |
| Distributable reserves | 133 | €46,377 | €65,684 | +€19,308 | +41.6% |
| Amounts payable | 17/49 | €454,587 | €432,825 | -€21,761 | -4.8% |
| Amounts payable after more than one year | 17 | €376,234 | €345,415 | -€30,819 | -8.2% |
| Financial debts | 170/4 | €376,234 | €345,415 | -€30,819 | -8.2% |
| Amounts payable within one year | 42/48 | €78,352 | €87,410 | +€9,058 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €14,692 | €23,750 | +€9,058 | +61.6% |
| Trade debts | 44 | €55,660 | €55,660 | = | 0.0% |
| Suppliers | 440/4 | €55,660 | €55,660 | = | 0.0% |
| Other amounts payable | 47/48 | €8,000 | €8,000 | = | 0.0% |
| Other operating charges | 640/8 | €109 | €505 | +€396 | +364% |
| Gross operating margin | 9900 | €29,848 | €31,653 | +€1,805 | +6.0% |
| Operating profit (loss) | 9901 | €29,739 | €31,147 | +€1,409 | +4.7% |
| Financial charges | 65/66B | €1,433 | €5,404 | +€3,970 | +277% |
| Recurring financial charges | 65 | €1,433 | €5,404 | +€3,970 | +277% |
| Profit (loss) for the period before taxes | 9903 | €28,305 | €25,744 | -€2,562 | -9.1% |
| Income taxes | 67/77 | €5,661 | €6,436 | +€775 | +13.7% |
| Profit (loss) for the period | 9904 | €22,644 | €19,308 | -€3,337 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,644 | €19,308 | -€3,337 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.