Naverco: 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.
Naverco
Largest movements
- Cash +€21,921
up €21,921 (+85.1%), from €25,766 to €47,687
mainly Net result for the year (+€17,675) and Receivables within one year (+€5,085)
- Receivables within one year -€5,085
down €5,085 (-27.8%), from €18,310 to €13,224
of which Other amounts receivable: -€9,530
- Stocks and contracts +€1,060
new in 2025: €1,060
- Profit (loss) carried forward +€17,675
up €17,675 (+44.3%), from €39,863 to €57,539
- Gross operating margin +€12,813
up €12,813 (+133%), from €9,617 to €22,430
- Taxes +€2,531
up €2,531 (+102%), from €2,473 to €5,004
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 | €44,075 | €61,971 | +€17,896 | +40.6% |
| Current assets | 29/58 | €44,075 | €61,971 | +€17,896 | +40.6% |
| Stocks and contracts in progress | 3 | - | €1,060 | +€1,060 | |
| Stocks | 30/36 | - | €1,060 | +€1,060 | |
| Amounts receivable within one year | 40/41 | €18,310 | €13,224 | -€5,085 | -27.8% |
| Trade receivables | 40 | - | €4,444 | +€4,444 | |
| Other amounts receivable | 41 | €18,310 | €8,780 | -€9,530 | -52.0% |
| Cash at bank and in hand | 54/58 | €25,766 | €47,687 | +€21,921 | +85.1% |
| Total equity and liabilities | 10/49 | €44,075 | €61,971 | +€17,896 | +40.6% |
| Equity | 10/15 | €41,363 | €59,039 | +€17,675 | +42.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,863 | €57,539 | +€17,675 | +44.3% |
| Amounts payable | 17/49 | €2,712 | €2,932 | +€221 | +8.1% |
| Amounts payable within one year | 42/48 | €2,712 | €2,932 | +€221 | +8.1% |
| Trade debts | 44 | €295 | €151 | -€144 | -48.9% |
| Suppliers | 440/4 | €295 | €151 | -€144 | -48.9% |
| Taxes, remuneration and social security | 45 | €2,407 | €2,762 | +€355 | +14.8% |
| Taxes | 450/3 | €2,407 | €2,762 | +€355 | +14.8% |
| Other amounts payable | 47/48 | €10 | €20 | +€10 | +100% |
| Other operating charges | 640/8 | €399 | €304 | -€95 | -23.7% |
| Gross operating margin | 9900 | €9,617 | €22,430 | +€12,813 | +133% |
| Operating profit (loss) | 9901 | €9,218 | €22,125 | +€12,907 | +140% |
| Financial income | 75/76B | €420 | €618 | +€198 | +47.2% |
| Recurring financial income | 75 | €420 | €618 | +€198 | +47.2% |
| Financial charges | 65/66B | €39 | €64 | +€25 | +63.5% |
| Recurring financial charges | 65 | €39 | €64 | +€25 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €9,599 | €22,680 | +€13,081 | +136% |
| Income taxes | 67/77 | €2,473 | €5,004 | +€2,531 | +102% |
| Profit (loss) for the period | 9904 | €7,126 | €17,675 | +€10,550 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €7,126 | €17,675 | +€10,550 | +148% |
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 19 October 2026 via checked.be.