NAVA Projects: what changed
Two fiscal 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.
NAVA Projects
Largest movements
- Receivables within one year +€276,460
up €276,460 (+870.8%), from €31,747 to €308,207
of which Trade receivables: +€241,877
- Cash -€46,836
down €46,836 (-40.6%), from €115,447 to €68,611
mainly Receivables within one year (-€276,460) and Debts after one year (-€36,339)
- Intangible fixed assets -€21,429
down €21,429 (-23.5%), from €91,057 to €69,628
- Stocks and contracts +€20,376
up €20,376 (+243.3%), from €8,376 to €28,752
- Deferred charges and accrued income -€16,654
no longer reported in 2024 (was €16,654)
- Trade debts +€207,679
up €207,679 (+507.0%), from €40,963 to €248,641
- Reserves +€56,128
up €56,128 (+38.6%), from €145,567 to €201,694
- Debts after one year -€36,339
down €36,339 (-66.4%), from €54,720 to €18,382
- Gross operating margin -€61,735
down €61,735 (-44.6%), from €138,563 to €76,828
- Depreciation -€38,384
down €38,384 (-54.0%), from €71,070 to €32,686
- Financial income +€9,034
up €9,034 (+45.0%), from €20,077 to €29,111
- Other operating charges -€2,616
down €2,616 (-74.1%), from €3,528 to €912
- Taxes -€2,124
down €2,124 (-13.2%), from €16,035 to €13,911
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.
Cash bridge derived
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 | €311,195 | €541,900 | +€230,705 | +74.1% |
| Fixed assets | 21/28 | €138,972 | €136,331 | -€2,641 | -1.9% |
| Intangible fixed assets | 21 | €91,057 | €69,628 | -€21,429 | -23.5% |
| Tangible fixed assets | 22/27 | €21,665 | €28,453 | +€6,788 | +31.3% |
| Plant, machinery and equipment | 23 | €3,781 | €6,971 | +€3,190 | +84.4% |
| Furniture and vehicles | 24 | €17,884 | €21,481 | +€3,597 | +20.1% |
| Financial fixed assets | 28 | €26,250 | €38,250 | +€12,000 | +45.7% |
| Current assets | 29/58 | €172,224 | €405,569 | +€233,346 | +135.5% |
| Stocks and contracts in progress | 3 | €8,376 | €28,752 | +€20,376 | +243.3% |
| Stocks | 30/36 | €8,376 | €28,752 | +€20,376 | +243.3% |
| Amounts receivable within one year | 40/41 | €31,747 | €308,207 | +€276,460 | +870.8% |
| Trade receivables | 40 | €14,074 | €255,951 | +€241,877 | +1718.6% |
| Other amounts receivable | 41 | €17,672 | €52,256 | +€34,584 | +195.7% |
| Cash at bank and in hand | 54/58 | €115,447 | €68,611 | -€46,836 | -40.6% |
| Deferred charges and accrued income | 490/1 | €16,654 | - | -€16,654 | |
| Total equity and liabilities | 10/49 | €311,195 | €541,900 | +€230,705 | +74.1% |
| Equity | 10/15 | €150,567 | €206,694 | +€56,128 | +37.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €145,567 | €201,694 | +€56,128 | +38.6% |
| Distributable reserves | 133 | €145,567 | €201,694 | +€56,128 | +38.6% |
| Amounts payable | 17/49 | €160,628 | €335,206 | +€174,577 | +108.7% |
| Amounts payable after more than one year | 17 | €54,720 | €18,382 | -€36,339 | -66.4% |
| Financial debts | 170/4 | €54,720 | €18,382 | -€36,339 | -66.4% |
| Amounts payable within one year | 42/48 | €105,908 | €316,824 | +€210,916 | +199.1% |
| Current portion of amounts payable after more than one year | 42 | €35,776 | €36,339 | +€562 | +1.6% |
| Trade debts | 44 | €40,963 | €248,641 | +€207,679 | +507.0% |
| Suppliers | 440/4 | €40,963 | €248,641 | +€207,679 | +507.0% |
| Taxes, remuneration and social security | 45 | €16,097 | €16,072 | -€25 | -0.2% |
| Taxes | 450/3 | €16,097 | €16,072 | -€25 | -0.2% |
| Other amounts payable | 47/48 | €13,072 | €15,772 | +€2,700 | +20.7% |
| Remuneration, social security and pensions | 62 | €234 | €399 | +€166 | +71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,070 | €32,686 | -€38,384 | -54.0% |
| Other operating charges | 640/8 | €3,528 | €912 | -€2,616 | -74.1% |
| Gross operating margin | 9900 | €138,563 | €76,828 | -€61,735 | -44.6% |
| Operating profit (loss) | 9901 | €63,731 | €42,831 | -€20,901 | -32.8% |
| Financial income | 75/76B | €20,077 | €29,111 | +€9,034 | +45.0% |
| Recurring financial income | 75 | €20,077 | €29,111 | +€9,034 | +45.0% |
| Financial charges | 65/66B | €1,875 | €1,903 | +€29 | +1.5% |
| Recurring financial charges | 65 | €1,875 | €1,903 | +€29 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €81,934 | €70,039 | -€11,895 | -14.5% |
| Income taxes | 67/77 | €16,035 | €13,911 | -€2,124 | -13.2% |
| Profit (loss) for the period | 9904 | €65,899 | €56,128 | -€9,771 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,899 | €56,128 | -€9,771 | -14.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.