NAVED: 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.
NAVED
Largest movements
- Stocks and contracts +€27,357
up €27,357 (+144%), from €19,059 to €46,416
- Cash +€11,689
up €11,689 (+82.0%), from €14,258 to €25,948
mainly Debts after one year (+€20,000) and Net result for the year (+€13,331)
- Receivables within one year +€1,694
new in 2024: €1,694
- Debts after one year +€20,000
new in 2024: €20,000
- Profit (loss) carried forward +€13,331
up €13,331 (+38.9%), from -€34,249 to -€20,918
- Other debts +€5,547
up €5,547 (+9.3%), from €59,867 to €65,413
- Tax, wage and social debts +€1,953
up €1,953 (+178%), from €1,095 to €3,049
- Taxes +€2,000
new in 2024: €2,000
- Gross operating margin +€1,511
up €1,511 (+10.4%), from €14,567 to €16,078
- Depreciation -€655
no longer reported in 2024 (was €655)
- Other operating charges +€268
up €268 (+66.9%), from €400 to €668
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,318 | €74,058 | +€40,740 | +122% |
| Current assets | 29/58 | €33,318 | €74,058 | +€40,740 | +122% |
| Stocks and contracts in progress | 3 | €19,059 | €46,416 | +€27,357 | +144% |
| Stocks | 30/36 | €19,059 | €46,416 | +€27,357 | +144% |
| Amounts receivable within one year | 40/41 | - | €1,694 | +€1,694 | |
| Other amounts receivable | 41 | - | €1,694 | +€1,694 | |
| Cash at bank and in hand | 54/58 | €14,258 | €25,948 | +€11,689 | +82.0% |
| Total equity and liabilities | 10/49 | €33,318 | €74,058 | +€40,740 | +122% |
| Equity | 10/15 | -€28,234 | -€14,904 | +€13,331 | +47.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | - | -€6,000 | |
| Other | 1109/19 | €6,000 | - | -€6,000 | |
| Reserves | 13 | €14 | €14 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14 | €14 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14 | €14 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,249 | -€20,918 | +€13,331 | +38.9% |
| Amounts payable | 17/49 | €61,552 | €88,962 | +€27,410 | +44.5% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €61,552 | €68,962 | +€7,410 | +12.0% |
| Trade debts | 44 | €590 | €500 | -€90 | -15.3% |
| Suppliers | 440/4 | €590 | €500 | -€90 | -15.3% |
| Taxes, remuneration and social security | 45 | €1,095 | €3,049 | +€1,953 | +178% |
| Taxes | 450/3 | €1,095 | €3,049 | +€1,953 | +178% |
| Other amounts payable | 47/48 | €59,867 | €65,413 | +€5,547 | +9.3% |
| Remuneration, social security and pensions | 62 | €65 | - | -€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | - | -€655 | |
| Other operating charges | 640/8 | €400 | €668 | +€268 | +66.9% |
| Gross operating margin | 9900 | €14,567 | €16,078 | +€1,511 | +10.4% |
| Operating profit (loss) | 9901 | €13,447 | €15,411 | +€1,964 | +14.6% |
| Financial charges | 65/66B | €69 | €80 | +€11 | +15.5% |
| Recurring financial charges | 65 | €69 | €80 | +€11 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €13,378 | €15,331 | +€1,953 | +14.6% |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | €13,378 | €13,331 | -€47 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,378 | €13,331 | -€47 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.