NAVECO-CONSULTING: 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.
NAVECO-CONSULTING
Largest movements
- Cash +€37,066
up €37,066 (+111%), from €33,502 to €70,568
mainly Depreciation (+€46,268) and Net result for the year (+€22,782)
- Reserves +€22,782
up €22,782 (+29.5%), from €77,266 to €100,048
of which Distributable reserves: +€22,782
- Tax, wage and social debts +€10,085
up €10,085 (+327%), from €3,088 to €13,173
- Other debts +€4,851
up €4,851 (+2.0%), from €240,858 to €245,709
- Other operating charges -€18,626
down €18,626 (-97.0%), from €19,205 to €579
- Gross operating margin +€15,525
up €15,525 (+23.7%), from €65,628 to €81,153
- Depreciation +€10,566
up €10,566 (+29.6%), from €35,702 to €46,268
- Taxes +€8,686
up €8,686 (+336%), from €2,583 to €11,269
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 | €341,343 | €377,911 | +€36,568 | +10.7% |
| Fixed assets | 21/28 | €296,875 | €294,787 | -€2,088 | -0.7% |
| Intangible fixed assets | 21 | €1,264 | €833 | -€431 | -34.1% |
| Tangible fixed assets | 22/27 | €295,611 | €293,954 | -€1,657 | -0.6% |
| Furniture and vehicles | 24 | €295,611 | €293,954 | -€1,657 | -0.6% |
| Current assets | 29/58 | €44,467 | €83,124 | +€38,657 | +86.9% |
| Amounts receivable within one year | 40/41 | €9,459 | €11,050 | +€1,591 | +16.8% |
| Trade receivables | 40 | €6,973 | €11,050 | +€4,076 | +58.5% |
| Other amounts receivable | 41 | €2,486 | €0 | -€2,486 | -100% |
| Cash at bank and in hand | 54/58 | €33,502 | €70,568 | +€37,066 | +111% |
| Deferred charges and accrued income | 490/1 | €1,507 | €1,507 | = | 0.0% |
| Total equity and liabilities | 10/49 | €341,343 | €377,911 | +€36,568 | +10.7% |
| Equity | 10/15 | €96,136 | €118,918 | +€22,782 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,266 | €100,048 | +€22,782 | +29.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,266 | €100,048 | +€22,782 | +29.5% |
| Profit (loss) carried forward | 14 | €270 | €270 | = | 0.0% |
| Amounts payable | 17/49 | €245,206 | €258,993 | +€13,786 | +5.6% |
| Amounts payable within one year | 42/48 | €245,206 | €258,993 | +€13,786 | +5.6% |
| Trade debts | 44 | €1,260 | €111 | -€1,149 | -91.2% |
| Suppliers | 440/4 | €1,260 | €111 | -€1,149 | -91.2% |
| Taxes, remuneration and social security | 45 | €3,088 | €13,173 | +€10,085 | +327% |
| Taxes | 450/3 | €3,088 | €13,173 | +€10,085 | +327% |
| Other amounts payable | 47/48 | €240,858 | €245,709 | +€4,851 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,702 | €46,268 | +€10,566 | +29.6% |
| Other operating charges | 640/8 | €19,205 | €579 | -€18,626 | -97.0% |
| Gross operating margin | 9900 | €65,628 | €81,153 | +€15,525 | +23.7% |
| Operating profit (loss) | 9901 | €10,721 | €34,306 | +€23,585 | +220% |
| Financial income | 75/76B | €0 | €46 | +€46 | +460,900% |
| Recurring financial income | 75 | €0 | €46 | +€46 | +460,900% |
| Financial charges | 65/66B | €389 | €301 | -€89 | -22.8% |
| Recurring financial charges | 65 | €389 | €301 | -€89 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €10,332 | €34,051 | +€23,720 | +230% |
| Income taxes | 67/77 | €2,583 | €11,269 | +€8,686 | +336% |
| Profit (loss) for the period | 9904 | €7,749 | €22,782 | +€15,033 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €7,749 | €22,782 | +€15,033 | +194% |
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 27 October 2026 via checked.be.