NAVALORAMA: what changed
NAVALORAMA
Largest movements
- Receivables within one year -€7,750
down €7,750 (-87.8%), from €8,830 to €1,080
of which Trade receivables: -€7,560
- Cash -€1,451
down €1,451 (-45.5%), from €3,186 to €1,735
mainly Advances received (-€9,148) and Other debts (-€5,528)
- Tangible fixed assets -€1,447
down €1,447 (-20.2%), from €7,161 to €5,714
of which Other tangible fixed assets: -€1,258
- Advances received -€9,148
no longer reported in 2025 (was €9,148)
- Debts after one year +€8,000
new in 2025: €8,000
- Other debts -€5,528
down €5,528 (-97.6%), from €5,663 to €134
- Profit (loss) carried forward -€5,102
down €5,102 (-35.0%), from -€14,577 to -€19,679
- Trade debts +€1,130
up €1,130 (+212%), from €533 to €1,663
- Purchases and services +€2,130
up €2,130 (+11.5%), from €18,583 to €20,714
- Depreciation -€545
down €545 (-17.2%), from €3,167 to €2,622
- Gross operating margin -€119
down €119 (-6.2%), from -€1,918 to -€2,037
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,317 | €8,668 | -€10,649 | -55.1% |
| Fixed assets | 21/28 | €7,301 | €5,854 | -€1,447 | -19.8% |
| Tangible fixed assets | 22/27 | €7,161 | €5,714 | -€1,447 | -20.2% |
| Furniture and vehicles | 24 | €1,547 | €1,357 | -€190 | -12.3% |
| Other tangible fixed assets | 26 | €5,614 | €4,356 | -€1,258 | -22.4% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €12,016 | €2,815 | -€9,201 | -76.6% |
| Amounts receivable within one year | 40/41 | €8,830 | €1,080 | -€7,750 | -87.8% |
| Trade receivables | 40 | €8,595 | €1,035 | -€7,560 | -88.0% |
| Other amounts receivable | 41 | €236 | €45 | -€190 | -80.8% |
| Cash at bank and in hand | 54/58 | €3,186 | €1,735 | -€1,451 | -45.5% |
| Total equity and liabilities | 10/49 | €19,317 | €8,668 | -€10,649 | -55.1% |
| Equity | 10/15 | €3,973 | -€1,129 | -€5,102 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,577 | -€19,679 | -€5,102 | -35.0% |
| Amounts payable | 17/49 | €15,344 | €9,798 | -€5,547 | -36.1% |
| Amounts payable after more than one year | 17 | - | €8,000 | +€8,000 | |
| Other amounts payable | 178/9 | - | €8,000 | +€8,000 | |
| Amounts payable within one year | 42/48 | €15,344 | €1,798 | -€13,547 | -88.3% |
| Trade debts | 44 | €533 | €1,663 | +€1,130 | +212% |
| Suppliers | 440/4 | €533 | €1,663 | +€1,130 | +212% |
| Advances received on contracts in progress | 46 | €9,148 | - | -€9,148 | |
| Other amounts payable | 47/48 | €5,663 | €134 | -€5,528 | -97.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,583 | €20,714 | +€2,130 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,167 | €2,622 | -€545 | -17.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,918 | -€2,037 | -€119 | -6.2% |
| Operating profit (loss) | 9901 | -€5,472 | -€5,059 | +€413 | +7.5% |
| Financial income | 75/76B | €0 | €1 | +€0 | +83.9% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +83.9% |
| Financial charges | 65/66B | €41 | €44 | +€3 | +6.3% |
| Recurring financial charges | 65 | €41 | €44 | +€3 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,513 | -€5,102 | +€411 | +7.4% |
| Profit (loss) for the period | 9904 | -€5,513 | -€5,102 | +€411 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,513 | -€5,102 | +€411 | +7.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.