NAVARRA: what changed
NAVARRA
Largest movements
- Receivables within one year +€130,752
up €130,752 (+503%), from €26,011 to €156,762
- Cash -€5,820
down €5,820 (-56.9%), from €10,221 to €4,401
mainly Receivables within one year (-€130,752) and Contributions, distributions and other (-€99,452)
- Deferred charges and accrued income +€4,029
up €4,029 (+740%), from €544 to €4,573
- Other debts +€100,000
new in 2025: €100,000
- Reserves +€27,750
up €27,750 (+14.4%), from €192,252 to €220,002
- Current portion of long-term debt +€4,591
up €4,591 (+22.0%), from €20,909 to €25,500
- Financial income +€40,691
up €40,691 (+95.9%), from €42,411 to €83,103
of which Financial income: +€44,077
- Gross operating margin -€13,536
down €13,536 (-15.5%), from €87,391 to €73,855
- Taxes -€3,313
down €3,313 (-15.8%), from €20,902 to €17,590
- Other operating charges +€973
up €973 (+124%), from €785 to €1,758
- Depreciation +€945
up €945 (+18.8%), from €5,032 to €5,977
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 | €223,253 | €353,713 | +€130,460 | +58.4% |
| Fixed assets | 21/28 | €186,477 | €187,976 | +€1,499 | +0.8% |
| Tangible fixed assets | 22/27 | €12,440 | €13,939 | +€1,499 | +12.0% |
| Furniture and vehicles | 24 | €12,440 | €13,939 | +€1,499 | +12.0% |
| Financial fixed assets | 28 | €174,037 | €174,037 | = | 0.0% |
| Current assets | 29/58 | €36,775 | €165,736 | +€128,961 | +351% |
| Amounts receivable within one year | 40/41 | €26,011 | €156,762 | +€130,752 | +503% |
| Other amounts receivable | 41 | €26,011 | €156,762 | +€130,752 | +503% |
| Cash at bank and in hand | 54/58 | €10,221 | €4,401 | -€5,820 | -56.9% |
| Deferred charges and accrued income | 490/1 | €544 | €4,573 | +€4,029 | +740% |
| Total equity and liabilities | 10/49 | €223,253 | €353,713 | +€130,460 | +58.4% |
| Equity | 10/15 | €197,252 | €225,002 | +€27,750 | +14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €192,252 | €220,002 | +€27,750 | +14.4% |
| Distributable reserves | 133 | €192,252 | €220,002 | +€27,750 | +14.4% |
| Amounts payable | 17/49 | €26,001 | €128,711 | +€102,710 | +395% |
| Amounts payable within one year | 42/48 | €26,001 | €128,711 | +€102,710 | +395% |
| Current portion of amounts payable after more than one year | 42 | €20,909 | €25,500 | +€4,591 | +22.0% |
| Trade debts | 44 | €4,590 | €3,211 | -€1,379 | -30.0% |
| Suppliers | 440/4 | €4,590 | €3,211 | -€1,379 | -30.0% |
| Taxes, remuneration and social security | 45 | €502 | - | -€502 | |
| Taxes | 450/3 | €502 | - | -€502 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,032 | €5,977 | +€945 | +18.8% |
| Other operating charges | 640/8 | €785 | €1,758 | +€973 | +124% |
| Gross operating margin | 9900 | €87,391 | €73,855 | -€13,536 | -15.5% |
| Operating profit (loss) | 9901 | €81,574 | €66,120 | -€15,454 | -18.9% |
| Financial income | 75/76B | €42,411 | €83,103 | +€40,691 | +95.9% |
| Recurring financial income | 75 | €39,026 | €83,103 | +€44,077 | +113% |
| Non-recurring financial income | 76B | €3,385 | - | -€3,385 | |
| Financial charges | 65/66B | €3,631 | €4,431 | +€800 | +22.0% |
| Recurring financial charges | 65 | €3,591 | €4,431 | +€840 | +23.4% |
| Non-recurring financial charges | 66B | €40 | - | -€40 | |
| Profit (loss) for the period before taxes | 9903 | €120,354 | €144,791 | +€24,437 | +20.3% |
| Income taxes | 67/77 | €20,902 | €17,590 | -€3,313 | -15.8% |
| Profit (loss) for the period | 9904 | €99,452 | €127,202 | +€27,750 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,452 | €127,202 | +€27,750 | +27.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.