NAVEBOK: what changed
Two fiscal 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.
NAVEBOK
Largest movements
- Cash -€28,269
down €28,269 (-52.4%), from €53,988 to €25,719
mainly Contributions, distributions and other (-€72,951) and Investment in fixed assets (net) (-€6,778)
- Deferred charges and accrued income +€6,626
up €6,626 (+82.2%), from €8,061 to €14,687
- Tangible fixed assets +€6,511
new in 2025: €6,511
of which Furniture and vehicles: +€3,529
- Receivables within one year -€1,035
down €1,035 (-18.4%), from €5,635 to €4,601
of which Other amounts receivable: -€4,031
- Profit (loss) carried forward -€40,476
down €40,476 (-100.0%), from €40,476 to €0
- Other debts +€17,809
new in 2025: €17,809
- Tax, wage and social debts +€5,474
up €5,474, from €0 to €5,474
- Trade debts +€1,025
up €1,025 (+75.6%), from €1,356 to €2,381
- Gross operating margin +€9,984
up €9,984 (+27.0%), from €36,923 to €46,907
- Taxes +€3,015
up €3,015 (+29.0%), from €10,410 to €13,425
- Financial income -€757
down €757 (-60.7%), from €1,246 to €489
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.
Cash bridge derived
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 | €67,685 | €51,518 | -€16,167 | -23.9% |
| Fixed assets | 21/28 | - | €6,511 | +€6,511 | |
| Tangible fixed assets | 22/27 | - | €6,511 | +€6,511 | |
| Furniture and vehicles | 24 | - | €3,529 | +€3,529 | |
| Other tangible fixed assets | 26 | - | €2,981 | +€2,981 | |
| Current assets | 29/58 | €67,685 | €45,007 | -€22,677 | -33.5% |
| Amounts receivable within one year | 40/41 | €5,635 | €4,601 | -€1,035 | -18.4% |
| Trade receivables | 40 | - | €2,996 | +€2,996 | |
| Other amounts receivable | 41 | €5,635 | €1,605 | -€4,031 | -71.5% |
| Cash at bank and in hand | 54/58 | €53,988 | €25,719 | -€28,269 | -52.4% |
| Deferred charges and accrued income | 490/1 | €8,061 | €14,687 | +€6,626 | +82.2% |
| Total equity and liabilities | 10/49 | €67,685 | €51,518 | -€16,167 | -23.9% |
| Equity | 10/15 | €66,222 | €25,746 | -€40,476 | -61.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €22,246 | €22,246 | = | 0.0% |
| Distributable reserves | 133 | €22,246 | €22,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,476 | €0 | -€40,476 | -100.0% |
| Amounts payable | 17/49 | €1,463 | €25,772 | +€24,309 | +1662.0% |
| Amounts payable within one year | 42/48 | €1,356 | €25,664 | +€24,308 | +1793.3% |
| Trade debts | 44 | €1,356 | €2,381 | +€1,025 | +75.6% |
| Suppliers | 440/4 | €1,356 | €2,381 | +€1,025 | +75.6% |
| Taxes, remuneration and social security | 45 | €0 | €5,474 | +€5,474 | |
| Taxes | 450/3 | €0 | €5,474 | +€5,474 | |
| Other amounts payable | 47/48 | - | €17,809 | +€17,809 | |
| Accrued charges and deferred income | 492/3 | €107 | €108 | +€1 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €267 | +€267 | |
| Other operating charges | 640/8 | €938 | €544 | -€395 | -42.0% |
| Gross operating margin | 9900 | €36,923 | €46,907 | +€9,984 | +27.0% |
| Operating profit (loss) | 9901 | €35,985 | €46,096 | +€10,111 | +28.1% |
| Financial income | 75/76B | €1,246 | €489 | -€757 | -60.7% |
| Recurring financial income | 75 | €1,246 | €489 | -€757 | -60.7% |
| Financial charges | 65/66B | €745 | €685 | -€61 | -8.2% |
| Recurring financial charges | 65 | €745 | €685 | -€61 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €36,485 | €45,901 | +€9,415 | +25.8% |
| Income taxes | 67/77 | €10,410 | €13,425 | +€3,015 | +29.0% |
| Profit (loss) for the period | 9904 | €26,075 | €32,475 | +€6,400 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,075 | €32,475 | +€6,400 | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.