NAVEGAFACIL: 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.
NAVEGAFACIL
Largest movements
- Tangible fixed assets -€66,426
down €66,426 (-7.3%), from €905,271 to €838,844
of which Land and buildings: -€64,574
- Receivables within one year +€42,350
up €42,350 (+125%), from €33,941 to €76,291
of which Trade receivables: +€53,002
- Cash -€10,006
down €10,006 (-72.9%), from €13,721 to €3,715
mainly Debts after one year (-€119,457) and Receivables within one year (-€42,350)
- Debts after one year -€119,457
down €119,457 (-16.3%), from €734,137 to €614,680
- Trade debts +€43,995
up €43,995 (+104%), from €42,140 to €86,134
- Profit (loss) carried forward +€38,307
up €38,307, from -€17,586 to €20,721
- Other operating charges -€37,999
down €37,999 (-66.2%), from €57,439 to €19,440
- Gross operating margin -€36,328
down €36,328 (-17.4%), from €208,748 to €172,420
- Taxes +€2,599
up €2,599 (+16.6%), from €15,706 to €18,306
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 | €956,912 | €920,064 | -€36,847 | -3.9% |
| Fixed assets | 21/28 | €905,271 | €838,844 | -€66,426 | -7.3% |
| Tangible fixed assets | 22/27 | €905,271 | €838,844 | -€66,426 | -7.3% |
| Land and buildings | 22 | €901,232 | €836,658 | -€64,574 | -7.2% |
| Plant, machinery and equipment | 23 | €4,039 | €2,187 | -€1,852 | -45.9% |
| Current assets | 29/58 | €51,641 | €81,220 | +€29,579 | +57.3% |
| Amounts receivable within one year | 40/41 | €33,941 | €76,291 | +€42,350 | +125% |
| Trade receivables | 40 | €13,689 | €66,691 | +€53,002 | +387% |
| Other amounts receivable | 41 | €20,252 | €9,601 | -€10,652 | -52.6% |
| Cash at bank and in hand | 54/58 | €13,721 | €3,715 | -€10,006 | -72.9% |
| Deferred charges and accrued income | 490/1 | €3,978 | €1,213 | -€2,765 | -69.5% |
| Total equity and liabilities | 10/49 | €956,912 | €920,064 | -€36,847 | -3.9% |
| Equity | 10/15 | €23,072 | €61,379 | +€38,307 | +166% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €658 | €658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €478 | €478 | = | 0.0% |
| Reserves not available under the articles | 1311 | €478 | €478 | = | 0.0% |
| Tax-exempt reserves | 132 | €180 | €180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,586 | €20,721 | +€38,307 | |
| Amounts payable | 17/49 | €933,840 | €858,686 | -€75,154 | -8.0% |
| Amounts payable after more than one year | 17 | €734,137 | €614,680 | -€119,457 | -16.3% |
| Financial debts | 170/4 | €734,137 | €614,680 | -€119,457 | -16.3% |
| Amounts payable within one year | 42/48 | €199,703 | €243,061 | +€43,358 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €116,255 | €119,793 | +€3,538 | +3.0% |
| Trade debts | 44 | €42,140 | €86,134 | +€43,995 | +104% |
| Suppliers | 440/4 | €42,140 | €86,134 | +€43,995 | +104% |
| Taxes, remuneration and social security | 45 | €28,767 | €22,437 | -€6,330 | -22.0% |
| Taxes | 450/3 | €28,767 | €22,437 | -€6,330 | -22.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,542 | €14,697 | +€2,155 | +17.2% |
| Accrued charges and deferred income | 492/3 | - | €945 | +€945 | |
| Non-recurring operating income | 76A | €234 | €4,412 | +€4,178 | +1,783% |
| Remuneration, social security and pensions | 62 | €711 | €1,357 | +€646 | +90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,813 | €66,426 | -€387 | -0.6% |
| Other operating charges | 640/8 | €57,439 | €19,440 | -€37,999 | -66.2% |
| Non-recurring operating charges | 66A | - | €2,899 | +€2,899 | |
| Gross operating margin | 9900 | €208,748 | €172,420 | -€36,328 | -17.4% |
| Operating profit (loss) | 9901 | €83,785 | €82,298 | -€1,487 | -1.8% |
| Financial charges | 65/66B | €26,347 | €25,685 | -€663 | -2.5% |
| Recurring financial charges | 65 | €26,347 | €25,685 | -€663 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €57,437 | €56,613 | -€825 | -1.4% |
| Income taxes | 67/77 | €15,706 | €18,306 | +€2,599 | +16.6% |
| Profit (loss) for the period | 9904 | €41,731 | €38,307 | -€3,424 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,731 | €38,307 | -€3,424 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.