NAVASTE: what changed
NAVASTE
Largest movements
- Receivables within one year +€34,875
up €34,875 (+90.1%), from €38,720 to €73,595
of which Trade receivables: +€32,249
- Tangible fixed assets +€1,073
up €1,073 (+150%), from €716 to €1,789
- Cash +€1,005
up €1,005 (+32.2%), from €3,124 to €4,129
mainly Net result for the year (+€58,708) and Other debts (+€7,640)
- Profit (loss) carried forward +€58,708
up €58,708 (+11.3%), from -€519,170 to -€460,462
- Tax, wage and social debts -€18,247
down €18,247 (-69.8%), from €26,125 to €7,877
of which Remuneration and social security: -€15,026
- Trade debts -€12,003
down €12,003 (-61.1%), from €19,655 to €7,652
- Other debts +€7,640
up €7,640 (+17.9%), from €42,614 to €50,254
- Staff costs -€32,205
down €32,205 (-35.8%), from €90,036 to €57,831
- Gross operating margin +€22,327
up €22,327 (+23.2%), from €96,080 to €118,407
- Depreciation -€1,354
down €1,354 (-53.9%), from €2,511 to €1,158
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 | €51,882 | €87,979 | +€36,097 | +69.6% |
| Fixed assets | 21/28 | €9,182 | €10,255 | +€1,073 | +11.7% |
| Tangible fixed assets | 22/27 | €716 | €1,789 | +€1,073 | +150% |
| Furniture and vehicles | 24 | €716 | €1,789 | +€1,073 | +150% |
| Financial fixed assets | 28 | €8,465 | €8,465 | = | 0.0% |
| Current assets | 29/58 | €42,700 | €77,725 | +€35,024 | +82.0% |
| Amounts receivable within one year | 40/41 | €38,720 | €73,595 | +€34,875 | +90.1% |
| Trade receivables | 40 | €38,720 | €70,969 | +€32,249 | +83.3% |
| Other amounts receivable | 41 | - | €2,626 | +€2,626 | |
| Cash at bank and in hand | 54/58 | €3,124 | €4,129 | +€1,005 | +32.2% |
| Deferred charges and accrued income | 490/1 | €856 | - | -€856 | |
| Total equity and liabilities | 10/49 | €51,882 | €87,979 | +€36,097 | +69.6% |
| Equity | 10/15 | -€36,512 | €22,196 | +€58,708 | |
| Contributions | 10/11 | €148,606 | €148,606 | = | 0.0% |
| Contributions outside capital | 11 | €148,606 | €148,606 | = | 0.0% |
| Share premium | 1100/10 | €148,606 | €148,606 | = | 0.0% |
| Reserves | 13 | €334,052 | €334,052 | = | 0.0% |
| Tax-exempt reserves | 132 | €334,052 | €334,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€519,170 | -€460,462 | +€58,708 | +11.3% |
| Amounts payable | 17/49 | €88,394 | €65,784 | -€22,611 | -25.6% |
| Amounts payable within one year | 42/48 | €88,394 | €65,784 | -€22,611 | -25.6% |
| Trade debts | 44 | €19,655 | €7,652 | -€12,003 | -61.1% |
| Suppliers | 440/4 | €19,655 | €7,652 | -€12,003 | -61.1% |
| Taxes, remuneration and social security | 45 | €26,125 | €7,877 | -€18,247 | -69.8% |
| Taxes | 450/3 | €11,099 | €7,877 | -€3,222 | -29.0% |
| Remuneration and social security | 454/9 | €15,026 | - | -€15,026 | |
| Other amounts payable | 47/48 | €42,614 | €50,254 | +€7,640 | +17.9% |
| Remuneration, social security and pensions | 62 | €90,036 | €57,831 | -€32,205 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,511 | €1,158 | -€1,354 | -53.9% |
| Other operating charges | 640/8 | €1,119 | €400 | -€720 | -64.3% |
| Gross operating margin | 9900 | €96,080 | €118,407 | +€22,327 | +23.2% |
| Operating profit (loss) | 9901 | €2,413 | €59,019 | +€56,606 | +2,346% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €692 | €194 | -€497 | -71.9% |
| Recurring financial charges | 65 | €692 | €194 | -€497 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €1,722 | €58,825 | +€57,103 | +3,317% |
| Income taxes | 67/77 | €496 | €117 | -€379 | -76.5% |
| Profit (loss) for the period | 9904 | €1,225 | €58,708 | +€57,483 | +4,692% |
| Profit (loss) for the period to be appropriated | 9905 | €1,225 | €58,708 | +€57,483 | +4,692% |
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 2 November 2026 via checked.be.