NAVADA: 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.
NAVADA
Largest movements
- Tangible fixed assets +€27,661
up €27,661 (+41.4%), from €66,880 to €94,542
of which Furniture and vehicles: +€28,349
- Receivables within one year +€12,538
up €12,538 (+356%), from €3,522 to €16,061
of which Trade receivables: +€14,901
- Cash +€12,419
up €12,419 (+49.8%), from €24,939 to €37,359
mainly Net result for the year (+€27,336) and Depreciation (+€17,074)
- Stocks and contracts -€4,996
no longer reported in 2025 (was €4,996)
- Deferred charges and accrued income -€1,756
no longer reported in 2025 (was €1,756)
- Profit (loss) carried forward +€27,336
up €27,336 (+73.5%), from €37,212 to €64,548
- Other debts +€14,753
up €14,753 (+642%), from €2,298 to €17,051
- Tax, wage and social debts +€5,649
up €5,649 (+371%), from €1,521 to €7,170
- Debts after one year -€4,102
down €4,102 (-85.6%), from €4,792 to €689
- Trade debts +€2,164
up €2,164 (+141%), from €1,540 to €3,704
- Gross operating margin +€26,740
up €26,740 (+96.8%), from €27,636 to €54,376
- Taxes +€6,648
up €6,648 (+221%), from €3,007 to €9,654
- Depreciation +€4,178
up €4,178 (+32.4%), from €12,895 to €17,074
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 | €102,094 | €147,961 | +€45,867 | +44.9% |
| Fixed assets | 21/28 | €66,880 | €94,542 | +€27,661 | +41.4% |
| Tangible fixed assets | 22/27 | €66,880 | €94,542 | +€27,661 | +41.4% |
| Plant, machinery and equipment | 23 | €53,946 | €53,258 | -€688 | -1.3% |
| Furniture and vehicles | 24 | €12,935 | €41,284 | +€28,349 | +219% |
| Current assets | 29/58 | €35,214 | €53,419 | +€18,206 | +51.7% |
| Stocks and contracts in progress | 3 | €4,996 | - | -€4,996 | |
| Stocks | 30/36 | €4,996 | - | -€4,996 | |
| Amounts receivable within one year | 40/41 | €3,522 | €16,061 | +€12,538 | +356% |
| Trade receivables | 40 | €1,160 | €16,061 | +€14,901 | +1,285% |
| Other amounts receivable | 41 | €2,362 | - | -€2,362 | |
| Cash at bank and in hand | 54/58 | €24,939 | €37,359 | +€12,419 | +49.8% |
| Deferred charges and accrued income | 490/1 | €1,756 | - | -€1,756 | |
| Total equity and liabilities | 10/49 | €102,094 | €147,961 | +€45,867 | +44.9% |
| Equity | 10/15 | €87,897 | €115,233 | +€27,336 | +31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,086 | €32,086 | = | 0.0% |
| Distributable reserves | 133 | €32,086 | €32,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,212 | €64,548 | +€27,336 | +73.5% |
| Amounts payable | 17/49 | €14,197 | €32,728 | +€18,531 | +131% |
| Amounts payable after more than one year | 17 | €4,792 | €689 | -€4,102 | -85.6% |
| Financial debts | 170/4 | €4,792 | €689 | -€4,102 | -85.6% |
| Amounts payable within one year | 42/48 | €9,405 | €32,027 | +€22,622 | +241% |
| Current portion of amounts payable after more than one year | 42 | €4,046 | €4,102 | +€57 | +1.4% |
| Trade debts | 44 | €1,540 | €3,704 | +€2,164 | +141% |
| Suppliers | 440/4 | €1,540 | €3,704 | +€2,164 | +141% |
| Taxes, remuneration and social security | 45 | €1,521 | €7,170 | +€5,649 | +371% |
| Taxes | 450/3 | €1,521 | €7,170 | +€5,649 | +371% |
| Other amounts payable | 47/48 | €2,298 | €17,051 | +€14,753 | +642% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,895 | €17,074 | +€4,178 | +32.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €27,636 | €54,376 | +€26,740 | +96.8% |
| Operating profit (loss) | 9901 | €14,678 | €37,240 | +€22,562 | +154% |
| Financial charges | 65/66B | €261 | €250 | -€11 | -4.2% |
| Recurring financial charges | 65 | €261 | €250 | -€11 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €14,417 | €36,990 | +€22,573 | +157% |
| Income taxes | 67/77 | €3,007 | €9,654 | +€6,648 | +221% |
| Profit (loss) for the period | 9904 | €11,411 | €27,336 | +€15,925 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €11,411 | €27,336 | +€15,925 | +140% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.