NAVASOFT: 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.
NAVASOFT
Largest movements
- Cash -€4,759
down €4,759 (-6.3%), from €75,080 to €70,321
mainly Contributions, distributions and other (-€40,338) and Tax, wage and social debts (-€13,928)
- Tangible fixed assets +€3,957
new in 2025: €3,957
- Reserves -€231,232
down €231,232 (-77.2%), from €299,476 to €68,244
of which Distributable reserves: -€231,232
- Profit (loss) carried forward +€220,000
up €220,000, from €0 to €220,000
- Other debts +€24,338
up €24,338 (+152%), from €16,000 to €40,338
- Tax, wage and social debts -€13,928
down €13,928 (-39.8%), from €35,017 to €21,089
- Gross operating margin -€21,496
down €21,496 (-32.1%), from €67,069 to €45,573
- Taxes -€10,208
down €10,208 (-40.2%), from €25,369 to €15,161
- Financial income -€787
down €787 (-49.8%), from €1,579 to €792
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 | €356,919 | €356,457 | -€462 | -0.1% |
| Fixed assets | 21/28 | €37,184 | €41,141 | +€3,957 | +10.6% |
| Tangible fixed assets | 22/27 | - | €3,957 | +€3,957 | |
| Furniture and vehicles | 24 | - | €3,957 | +€3,957 | |
| Financial fixed assets | 28 | €37,184 | €37,184 | = | 0.0% |
| Current assets | 29/58 | €319,735 | €315,316 | -€4,419 | -1.4% |
| Amounts receivable within one year | 40/41 | €30,961 | €31,303 | +€342 | +1.1% |
| Trade receivables | 40 | €20,297 | €13,529 | -€6,768 | -33.3% |
| Other amounts receivable | 41 | €10,664 | €17,774 | +€7,110 | +66.7% |
| Current investments | 50/53 | €211,879 | €211,879 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,080 | €70,321 | -€4,759 | -6.3% |
| Deferred charges and accrued income | 490/1 | €1,815 | €1,813 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €356,919 | €356,457 | -€462 | -0.1% |
| Equity | 10/15 | €305,678 | €294,446 | -€11,232 | -3.7% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €299,476 | €68,244 | -€231,232 | -77.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €297,616 | €66,384 | -€231,232 | -77.7% |
| Profit (loss) carried forward | 14 | €0 | €220,000 | +€220,000 | |
| Amounts payable | 17/49 | €51,241 | €62,011 | +€10,769 | +21.0% |
| Amounts payable within one year | 42/48 | €51,241 | €62,011 | +€10,769 | +21.0% |
| Trade debts | 44 | €224 | €583 | +€359 | +160% |
| Suppliers | 440/4 | €224 | €583 | +€359 | +160% |
| Taxes, remuneration and social security | 45 | €35,017 | €21,089 | -€13,928 | -39.8% |
| Taxes | 450/3 | €35,017 | €21,089 | -€13,928 | -39.8% |
| Other amounts payable | 47/48 | €16,000 | €40,338 | +€24,338 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €427 | +€427 | |
| Other operating charges | 640/8 | €1,347 | €1,510 | +€163 | +12.1% |
| Gross operating margin | 9900 | €67,069 | €45,573 | -€21,496 | -32.1% |
| Operating profit (loss) | 9901 | €65,722 | €43,636 | -€22,086 | -33.6% |
| Financial income | 75/76B | €1,579 | €792 | -€787 | -49.8% |
| Recurring financial income | 75 | €1,579 | €792 | -€787 | -49.8% |
| Financial charges | 65/66B | €307 | €161 | -€146 | -47.6% |
| Recurring financial charges | 65 | €307 | €161 | -€146 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €66,994 | €44,268 | -€22,727 | -33.9% |
| Income taxes | 67/77 | €25,369 | €15,161 | -€10,208 | -40.2% |
| Profit (loss) for the period | 9904 | €41,625 | €29,106 | -€12,519 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,625 | €29,106 | -€12,519 | -30.1% |
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 26 October 2026 via checked.be.