NAVATAQ: what changed
NAVATAQ
Largest movements
- Receivables within one year +€156,097
up €156,097 (+132%), from €118,120 to €274,217
of which Trade receivables: +€96,190
- Cash -€86,871
down €86,871 (-60.3%), from €144,049 to €57,178
mainly Receivables within one year (-€156,097) and Contributions, distributions and other (-€100,000)
- Other debts +€100,000
up €100,000 (+1,398%), from €7,151 to €107,151
- Trade debts -€18,499
down €18,499 (-9.6%), from €191,988 to €173,490
- Reserves -€12,275
down €12,275 (-27.6%), from €44,427 to €32,152
of which Distributable reserves: -€10,416
- Gross operating margin +€130,592
up €130,592 (+362%), from €36,046 to €166,638
- Taxes +€29,899
up €29,899, from €0 to €29,899
- Financial charges +€6,177
up €6,177 (+12.4%), from €49,919 to €56,096
- Financial income +€4,273
up €4,273 (+128%), from €3,337 to €7,610
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 | €262,169 | €331,395 | +€69,226 | +26.4% |
| Current assets | 29/58 | €262,169 | €331,395 | +€69,226 | +26.4% |
| Amounts receivable within one year | 40/41 | €118,120 | €274,217 | +€156,097 | +132% |
| Trade receivables | 40 | €90,872 | €187,062 | +€96,190 | +106% |
| Other amounts receivable | 41 | €27,248 | €87,155 | +€59,906 | +220% |
| Cash at bank and in hand | 54/58 | €144,049 | €57,178 | -€86,871 | -60.3% |
| Total equity and liabilities | 10/49 | €262,169 | €331,395 | +€69,226 | +26.4% |
| Equity | 10/15 | €63,019 | €50,744 | -€12,275 | -19.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,427 | €32,152 | -€12,275 | -27.6% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €788 | €788 | = | 0.0% |
| Distributable reserves | 133 | €41,779 | €31,363 | -€10,416 | -24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,150 | €280,651 | +€81,501 | +40.9% |
| Amounts payable within one year | 42/48 | €199,150 | €280,651 | +€81,501 | +40.9% |
| Trade debts | 44 | €191,988 | €173,490 | -€18,499 | -9.6% |
| Suppliers | 440/4 | €191,988 | €173,490 | -€18,499 | -9.6% |
| Taxes, remuneration and social security | 45 | €11 | €11 | = | 0.0% |
| Taxes | 450/3 | €11 | €11 | = | 0.0% |
| Other amounts payable | 47/48 | €7,151 | €107,151 | +€100,000 | +1,398% |
| Other operating charges | 640/8 | €446 | €528 | +€82 | +18.3% |
| Gross operating margin | 9900 | €36,046 | €166,638 | +€130,592 | +362% |
| Operating profit (loss) | 9901 | €35,600 | €166,110 | +€130,510 | +367% |
| Financial income | 75/76B | €3,337 | €7,610 | +€4,273 | +128% |
| Recurring financial income | 75 | €3,337 | €7,610 | +€4,273 | +128% |
| Financial charges | 65/66B | €49,919 | €56,096 | +€6,177 | +12.4% |
| Recurring financial charges | 65 | €49,919 | €56,096 | +€6,177 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,982 | €117,624 | +€128,606 | |
| Income taxes | 67/77 | €0 | €29,899 | +€29,899 | |
| Profit (loss) for the period | 9904 | -€10,982 | €87,725 | +€98,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,982 | €87,725 | +€98,707 |
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 7 November 2026 via checked.be.