NAVERAN: 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.
NAVERAN
Largest movements
- Tangible fixed assets -€38,870
down €38,870 (-4.2%), from €917,866 to €878,997
- Debts after one year -€509,451
down €509,451 (-69.6%), from €731,793 to €222,342
of which Financial debts: -€403,263
- Reserves +€471,170
up €471,170 (+783.2%), from €60,159 to €531,329
- Gross operating margin +€561,702
up €561,702 (+843.7%), from €66,573 to €628,275
- Taxes +€142,710
up €142,710 (+994.7%), from €14,347 to €157,057
- Financial income +€7,527
up €7,527 (+557.6%), from €1,350 to €8,877
of which Financial income: +€8,877
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 | €919,717 | €881,715 | -€38,002 | -4.1% |
| Fixed assets | 21/28 | €917,866 | €878,997 | -€38,870 | -4.2% |
| Tangible fixed assets | 22/27 | €917,866 | €878,997 | -€38,870 | -4.2% |
| Land and buildings | 22 | €917,866 | €878,997 | -€38,870 | -4.2% |
| Current assets | 29/58 | €1,851 | €2,719 | +€868 | +46.9% |
| Cash at bank and in hand | 54/58 | €1,851 | €2,719 | +€868 | +46.9% |
| Total equity and liabilities | 10/49 | €919,717 | €881,715 | -€38,002 | -4.1% |
| Equity | 10/15 | €135,359 | €606,529 | +€471,170 | +348.1% |
| Contributions | 10/11 | €75,200 | €75,200 | = | 0.0% |
| Reserves | 13 | €60,159 | €531,329 | +€471,170 | +783.2% |
| Distributable reserves | 133 | €60,159 | €531,329 | +€471,170 | +783.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €784,358 | €275,186 | -€509,172 | -64.9% |
| Amounts payable after more than one year | 17 | €731,793 | €222,342 | -€509,451 | -69.6% |
| Financial debts | 170/4 | €443,830 | €40,568 | -€403,263 | -90.9% |
| Other amounts payable | 178/9 | €287,962 | €181,774 | -€106,188 | -36.9% |
| Amounts payable within one year | 42/48 | €52,566 | €52,034 | -€531 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €33,341 | €34,020 | +€679 | +2.0% |
| Financial debts | 43 | €38 | €0 | -€38 | -100.0% |
| Credit institutions | 430/8 | €38 | €0 | -€38 | -100.0% |
| Trade debts | 44 | €482 | €4,452 | +€3,970 | +823.6% |
| Suppliers | 440/4 | €482 | €4,452 | +€3,970 | +823.6% |
| Taxes, remuneration and social security | 45 | €2,700 | €57 | -€2,643 | -97.9% |
| Taxes | 450/3 | €2,700 | €57 | -€2,643 | -97.9% |
| Other amounts payable | 47/48 | €16,005 | €13,505 | -€2,500 | -15.6% |
| Accrued charges and deferred income | 492/3 | - | €810 | +€810 | |
| Other operating charges | 640/8 | €6,020 | €6,551 | +€531 | +8.8% |
| Non-recurring operating charges | 66A | €312 | €0 | -€312 | -100.0% |
| Gross operating margin | 9900 | €66,573 | €628,275 | +€561,702 | +843.7% |
| Operating profit (loss) | 9901 | €60,241 | €621,724 | +€561,483 | +932.1% |
| Financial income | 75/76B | €1,350 | €8,877 | +€7,527 | +557.6% |
| Recurring financial income | 75 | €0 | €8,877 | +€8,877 | |
| Non-recurring financial income | 76B | €1,350 | €8,877 | +€7,527 | +557.6% |
| Financial charges | 65/66B | €3,293 | €2,374 | -€919 | -27.9% |
| Recurring financial charges | 65 | €3,293 | €2,374 | -€919 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €58,298 | €628,227 | +€569,929 | +977.6% |
| Income taxes | 67/77 | €14,347 | €157,057 | +€142,710 | +994.7% |
| Profit (loss) for the period | 9904 | €43,951 | €471,170 | +€427,219 | +972.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,951 | €471,170 | +€427,219 | +972.0% |
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 3 October 2026 via checked.be.