NAVERAGRO: 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.
NAVERAGRO
Largest movements
- Cash -€46,668
down €46,668 (-10.3%), from €453,573 to €406,905
mainly Trade debts (-€57,724) and Receivables within one year (-€22,425)
- Receivables within one year +€22,425
up €22,425 (+101%), from €22,183 to €44,608
of which Trade receivables: +€25,200
- Tangible fixed assets -€8,411
down €8,411 (-15.5%), from €54,270 to €45,859
of which Furniture and vehicles: -€6,331
- Trade debts -€57,724
down €57,724 (-93.9%), from €61,494 to €3,770
- Reserves +€25,710
up €25,710 (+21.7%), from €118,486 to €144,195
- Financial income -€10,667
down €10,667 (-57.2%), from €18,656 to €7,989
- Depreciation +€10,296
up €10,296 (+838%), from €1,229 to €11,525
- Gross operating margin -€6,242
down €6,242 (-12.4%), from €50,218 to €43,976
- Taxes -€3,240
down €3,240 (-26.3%), from €12,331 to €9,091
- Other operating charges +€1,864
up €1,864 (+363%), from €513 to €2,377
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 | €530,026 | €499,765 | -€30,261 | -5.7% |
| Fixed assets | 21/28 | €54,270 | €45,859 | -€8,411 | -15.5% |
| Tangible fixed assets | 22/27 | €54,270 | €45,859 | -€8,411 | -15.5% |
| Plant, machinery and equipment | 23 | €14,248 | €12,168 | -€2,080 | -14.6% |
| Furniture and vehicles | 24 | €40,022 | €33,691 | -€6,331 | -15.8% |
| Current assets | 29/58 | €475,755 | €453,906 | -€21,850 | -4.6% |
| Amounts receivable within one year | 40/41 | €22,183 | €44,608 | +€22,425 | +101% |
| Trade receivables | 40 | - | €25,200 | +€25,200 | |
| Other amounts receivable | 41 | €22,183 | €19,408 | -€2,775 | -12.5% |
| Cash at bank and in hand | 54/58 | €453,573 | €406,905 | -€46,668 | -10.3% |
| Deferred charges and accrued income | 490/1 | - | €2,393 | +€2,393 | |
| Total equity and liabilities | 10/49 | €530,026 | €499,765 | -€30,261 | -5.7% |
| Equity | 10/15 | €268,486 | €294,195 | +€25,710 | +9.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €118,486 | €144,195 | +€25,710 | +21.7% |
| Distributable reserves | 133 | €118,486 | €144,195 | +€25,710 | +21.7% |
| Amounts payable | 17/49 | €261,540 | €205,570 | -€55,971 | -21.4% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,540 | €5,570 | -€55,971 | -90.9% |
| Trade debts | 44 | €61,494 | €3,770 | -€57,724 | -93.9% |
| Suppliers | 440/4 | €61,494 | €3,770 | -€57,724 | -93.9% |
| Other amounts payable | 47/48 | €46 | €1,800 | +€1,754 | +3,812% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,229 | €11,525 | +€10,296 | +838% |
| Other operating charges | 640/8 | €513 | €2,377 | +€1,864 | +363% |
| Gross operating margin | 9900 | €50,218 | €43,976 | -€6,242 | -12.4% |
| Operating profit (loss) | 9901 | €48,476 | €30,074 | -€18,402 | -38.0% |
| Financial income | 75/76B | €18,656 | €7,989 | -€10,667 | -57.2% |
| Recurring financial income | 75 | €18,656 | €7,989 | -€10,667 | -57.2% |
| Financial charges | 65/66B | €2,274 | €3,262 | +€989 | +43.5% |
| Recurring financial charges | 65 | €2,274 | €3,262 | +€989 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €64,859 | €34,801 | -€30,057 | -46.3% |
| Income taxes | 67/77 | €12,331 | €9,091 | -€3,240 | -26.3% |
| Profit (loss) for the period | 9904 | €52,528 | €25,710 | -€26,818 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,528 | €25,710 | -€26,818 | -51.1% |
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 25 October 2026 via checked.be.