NAVAMA: what changed
What changed
NAVAMA
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€21,278
2025 · -€5,257+€26,535
Equity
€37,994
2025 · €16,717+€21,278
Cash
€57,384
2025 · €31,256+€26,128
Balance sheet total
€274,651
2025 · €225,431+€49,221
Largest movements
Assets
- Cash +€26,128
up €26,128 (+83.6%), from €31,256 to €57,384
mainly Trade debts (+€23,760) and Net result for the year (+€21,278)
- Receivables within one year +€24,781
up €24,781 (+13.7%), from €180,947 to €205,728
of which Trade receivables: +€22,484
Equity and liabilities
- Trade debts +€23,760
up €23,760 (+124%), from €19,181 to €42,941
- Profit (loss) carried forward +€21,278
up €21,278, from -€1,283 to €19,994
- Tax, wage and social debts +€6,060
new in 2026: €6,060
Income statement
- Staff costs -€34,215
no longer reported in 2026 (was €34,215)
- Taxes +€6,060
new in 2026: €6,060
- Depreciation +€883
up €883 (+53.5%), from €1,650 to €2,533
- Gross operating margin -€823
down €823 (-2.9%), from €28,782 to €27,958
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€5,257
Gross operating margin
-€823
Staff costs
+€34,215
Depreciation
-€883
Other operating charges
-€12
Financial income
-€24
Financial charges
+€121
Taxes
-€6,060
Result 2026
€21,278
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,152
Investment
-€1,023
Financing
€0
Cash 2025
€31,256
From operations (derived)
+€27,152
Net result for the year
+€21,278
Depreciation
+€2,533
Receivables within one year
-€24,781
Deferred charges and accrued income
+€179
Trade debts
+€23,760
Tax, wage and social debts
+€6,060
Other debts
-€400
Accrued charges and deferred income
-€1,476
Investment (derived)
-€1,023
Investment in fixed assets (net)
-€1,023
Cash 2026
€57,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,431 | €274,651 | +€49,221 | +21.8% |
| Fixed assets | 21/28 | €10,822 | €9,313 | -€1,510 | -14.0% |
| Tangible fixed assets | 22/27 | €10,822 | €9,313 | -€1,510 | -14.0% |
| Plant, machinery and equipment | 23 | €2,734 | €3,078 | +€345 | +12.6% |
| Furniture and vehicles | 24 | €8,089 | €6,234 | -€1,855 | -22.9% |
| Current assets | 29/58 | €214,608 | €265,339 | +€50,730 | +23.6% |
| Amounts receivable within one year | 40/41 | €180,947 | €205,728 | +€24,781 | +13.7% |
| Trade receivables | 40 | €123,432 | €145,915 | +€22,484 | +18.2% |
| Other amounts receivable | 41 | €57,516 | €59,813 | +€2,297 | +4.0% |
| Cash at bank and in hand | 54/58 | €31,256 | €57,384 | +€26,128 | +83.6% |
| Deferred charges and accrued income | 490/1 | €2,405 | €2,227 | -€179 | -7.4% |
| Total equity and liabilities | 10/49 | €225,431 | €274,651 | +€49,221 | +21.8% |
| Equity | 10/15 | €16,717 | €37,994 | +€21,278 | +127% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,283 | €19,994 | +€21,278 | |
| Amounts payable | 17/49 | €208,714 | €236,657 | +€27,943 | +13.4% |
| Amounts payable within one year | 42/48 | €207,238 | €236,657 | +€29,419 | +14.2% |
| Trade debts | 44 | €19,181 | €42,941 | +€23,760 | +124% |
| Suppliers | 440/4 | €19,181 | €42,941 | +€23,760 | +124% |
| Taxes, remuneration and social security | 45 | - | €6,060 | +€6,060 | |
| Taxes | 450/3 | - | €6,060 | +€6,060 | |
| Other amounts payable | 47/48 | €188,057 | €187,657 | -€400 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,476 | - | -€1,476 | |
| Remuneration, social security and pensions | 62 | €34,215 | - | -€34,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,650 | €2,533 | +€883 | +53.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €28,782 | €27,958 | -€823 | -2.9% |
| Operating profit (loss) | 9901 | -€7,471 | €25,026 | +€32,497 | |
| Financial income | 75/76B | €2,410 | €2,387 | -€24 | -1.0% |
| Recurring financial income | 75 | €2,410 | €2,387 | -€24 | -1.0% |
| Financial charges | 65/66B | €197 | €75 | -€121 | -61.7% |
| Recurring financial charges | 65 | €197 | €75 | -€121 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,257 | €27,337 | +€32,594 | |
| Income taxes | 67/77 | - | €6,060 | +€6,060 | |
| Profit (loss) for the period | 9904 | -€5,257 | €21,278 | +€26,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,257 | €21,278 | +€26,535 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.