Naval Group Cooperation: 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.
Naval Group Cooperation
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-38.2%), from €3.0m to €1.9m
- Financial fixed assets -€98,259
no longer reported in 2025 (was €98,259)
- Cash +€53,544
up €53,544 (+12.1%), from €443,901 to €497,445
mainly Receivables within one year (+€1.2m) and Investment in fixed assets (net) (+€96,842)
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Other operating income -€1.9m
no longer reported in 2025 (was €1.9m)
- Taxes -€498,516
down €498,516 (-99.8%), from €499,674 to €1,158
- Services and other goods -€117,731
down €117,731 (-65.0%), from €181,116 to €63,385
- Provisions -€96,800
no longer reported in 2025 (was €96,800)
- Financial income -€47,118
down €47,118 (-44.9%), from €105,010 to €57,892
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 | €3,564,629 | €2,365,855 | -€1.2m | -33.6% |
| Fixed assets | 21/28 | €98,259 | €1,174 | -€97,085 | -98.8% |
| Intangible fixed assets | 21 | - | €1,174 | +€1,174 | |
| Financial fixed assets | 28 | €98,259 | - | -€98,259 | |
| Other financial fixed assets | 284/8 | €98,259 | - | -€98,259 | |
| Amounts receivable and cash guarantees | 285/8 | €98,259 | - | -€98,259 | |
| Current assets | 29/58 | €3,466,370 | €2,364,681 | -€1.1m | -31.8% |
| Amounts receivable within one year | 40/41 | €3,021,686 | €1,867,236 | -€1.2m | -38.2% |
| Other amounts receivable | 41 | €3,021,686 | €1,867,236 | -€1.2m | -38.2% |
| Cash at bank and in hand | 54/58 | €443,901 | €497,445 | +€53,544 | +12.1% |
| Deferred charges and accrued income | 490/1 | €783 | - | -€783 | |
| Total equity and liabilities | 10/49 | €3,564,629 | €2,365,855 | -€1.2m | -33.6% |
| Equity | 10/15 | €957,189 | €960,280 | +€3,091 | +0.3% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €71,005 | €71,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,005 | €71,005 | = | 0.0% |
| Legal reserve | 130 | €71,005 | €71,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,184 | €189,275 | +€3,091 | +1.7% |
| Provisions and deferred taxes | 16 | €896,800 | €896,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €896,800 | €896,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €896,800 | €896,800 | = | 0.0% |
| Amounts payable | 17/49 | €1,710,640 | €508,775 | -€1.2m | -70.3% |
| Amounts payable within one year | 42/48 | €1,710,640 | €508,775 | -€1.2m | -70.3% |
| Trade debts | 44 | €16,443 | €13,420 | -€3,023 | -18.4% |
| Suppliers | 440/4 | €16,443 | €13,420 | -€3,023 | -18.4% |
| Taxes, remuneration and social security | 45 | €494,197 | €495,355 | +€1,158 | +0.2% |
| Taxes | 450/3 | €494,197 | €495,355 | +€1,158 | +0.2% |
| Other amounts payable | 47/48 | €1,200,000 | - | -€1.2m | |
| Operating income | 70/76A | €1,891,074 | €12,000 | -€1.9m | -99.4% |
| Turnover | 70 | €12,000 | €12,000 | = | 0.0% |
| Other operating income | 74 | €1,879,074 | - | -€1.9m | |
| Operating charges | 60/66A | €278,963 | €64,675 | -€214,288 | -76.8% |
| Services and other goods | 61 | €181,116 | €63,385 | -€117,731 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €243 | +€243 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €96,800 | - | -€96,800 | |
| Other operating charges | 640/8 | €1,047 | €1,047 | +€0 | 0.0% |
| Operating profit (loss) | 9901 | €1,612,112 | -€52,675 | -€1.7m | |
| Financial income | 75/76B | €105,010 | €57,892 | -€47,118 | -44.9% |
| Recurring financial income | 75 | €105,010 | €57,892 | -€47,118 | -44.9% |
| Income from current assets | 751 | €105,010 | €57,892 | -€47,118 | -44.9% |
| Financial charges | 65/66B | €1,098 | €969 | -€129 | -11.8% |
| Recurring financial charges | 65 | €1,098 | €969 | -€129 | -11.8% |
| Other financial charges | 652/9 | €1,098 | €969 | -€129 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €1,716,024 | €4,248 | -€1.7m | -99.8% |
| Income taxes | 67/77 | €499,674 | €1,158 | -€498,516 | -99.8% |
| Taxes | 670/3 | €499,674 | €1,158 | -€498,516 | -99.8% |
| Profit (loss) for the period | 9904 | €1,216,350 | €3,091 | -€1.2m | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,216,350 | €3,091 | -€1.2m | -99.7% |
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 21 October 2026 via checked.be.