Naveco: 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.
Naveco
Largest movements
- Cash -€10,044
down €10,044 (-8.8%), from €114,789 to €104,745
mainly Net result for the year (-€11,019) and Other debts (-€505)
- Profit (loss) carried forward -€11,019
down €11,019 (-12.3%), from -€89,246 to -€100,265
- Trade debts +€1,814
new in 2025: €1,814
- Gross operating margin -€23,223
down €23,223, from €12,009 to -€11,214
- Other operating charges -€3,987
down €3,987 (-92.8%), from €4,297 to €310
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 | €115,287 | €105,247 | -€10,040 | -8.7% |
| Current assets | 29/58 | €115,287 | €105,247 | -€10,040 | -8.7% |
| Amounts receivable within one year | 40/41 | €259 | €503 | +€244 | +94.0% |
| Other amounts receivable | 41 | €259 | €503 | +€244 | +94.0% |
| Cash at bank and in hand | 54/58 | €114,789 | €104,745 | -€10,044 | -8.8% |
| Deferred charges and accrued income | 490/1 | €239 | - | -€239 | |
| Total equity and liabilities | 10/49 | €115,287 | €105,247 | -€10,040 | -8.7% |
| Equity | 10/15 | €114,452 | €103,434 | -€11,019 | -9.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €128,698 | €128,698 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,524 | €37,524 | = | 0.0% |
| Distributable reserves | 133 | €83,674 | €83,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,246 | -€100,265 | -€11,019 | -12.3% |
| Amounts payable | 17/49 | €835 | €1,814 | +€979 | +117.2% |
| Amounts payable within one year | 42/48 | €835 | €1,814 | +€979 | +117.2% |
| Trade debts | 44 | - | €1,814 | +€1,814 | |
| Suppliers | 440/4 | - | €1,814 | +€1,814 | |
| Taxes, remuneration and social security | 45 | €330 | - | -€330 | |
| Remuneration and social security | 454/9 | €330 | - | -€330 | |
| Other amounts payable | 47/48 | €505 | - | -€505 | |
| Other operating charges | 640/8 | €4,297 | €310 | -€3,987 | -92.8% |
| Gross operating margin | 9900 | €12,009 | -€11,214 | -€23,223 | |
| Operating profit (loss) | 9901 | €7,711 | -€11,524 | -€19,236 | |
| Financial income | 75/76B | €720 | €650 | -€70 | -9.7% |
| Recurring financial income | 75 | €720 | €650 | -€70 | -9.7% |
| Financial charges | 65/66B | €135 | €145 | +€10 | +7.5% |
| Recurring financial charges | 65 | €135 | €145 | +€10 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €8,297 | -€11,019 | -€19,315 | |
| Profit (loss) for the period | 9904 | €8,297 | -€11,019 | -€19,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,297 | -€11,019 | -€19,315 |
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 30 September 2026 via checked.be.