NAVERCOM: 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.
NAVERCOM
Largest movements
- Receivables within one year +€19,770
up €19,770 (+37.8%), from €52,279 to €72,049
of which Other amounts receivable: +€41,518
- Tangible fixed assets -€10,552
down €10,552 (-1.7%), from €626,839 to €616,287
of which Land and buildings: -€22,314
- Debts after one year -€24,818
down €24,818 (-11.1%), from €222,892 to €198,074
- Reserves +€21,216
up €21,216 (+3.7%), from €574,635 to €595,851
- Gross operating margin -€15,383
down €15,383 (-7.9%), from €194,553 to €179,170
- Depreciation -€5,246
down €5,246 (-14.0%), from €37,559 to €32,313
- Taxes -€3,323
down €3,323 (-7.0%), from €47,366 to €44,043
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 | €865,310 | €869,625 | +€4,314 | +0.5% |
| Fixed assets | 21/28 | €626,839 | €616,287 | -€10,552 | -1.7% |
| Tangible fixed assets | 22/27 | €626,839 | €616,287 | -€10,552 | -1.7% |
| Land and buildings | 22 | €570,727 | €548,413 | -€22,314 | -3.9% |
| Plant, machinery and equipment | 23 | €3,138 | €3,644 | +€506 | +16.1% |
| Furniture and vehicles | 24 | €19,549 | €15,593 | -€3,956 | -20.2% |
| Other tangible fixed assets | 26 | €33,425 | €48,638 | +€15,213 | +45.5% |
| Current assets | 29/58 | €238,471 | €253,337 | +€14,866 | +6.2% |
| Amounts receivable within one year | 40/41 | €52,279 | €72,049 | +€19,770 | +37.8% |
| Trade receivables | 40 | €49,424 | €27,676 | -€21,748 | -44.0% |
| Other amounts receivable | 41 | €2,856 | €44,374 | +€41,518 | +1454.0% |
| Current investments | 50/53 | €101,977 | €94,656 | -€7,321 | -7.2% |
| Cash at bank and in hand | 54/58 | €82,868 | €86,444 | +€3,576 | +4.3% |
| Deferred charges and accrued income | 490/1 | €1,347 | €188 | -€1,159 | -86.0% |
| Total equity and liabilities | 10/49 | €865,310 | €869,625 | +€4,314 | +0.5% |
| Equity | 10/15 | €587,035 | €608,251 | +€21,216 | +3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €574,635 | €595,851 | +€21,216 | +3.7% |
| Distributable reserves | 133 | €574,635 | €595,851 | +€21,216 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €278,275 | €261,374 | -€16,901 | -6.1% |
| Amounts payable after more than one year | 17 | €222,892 | €198,074 | -€24,818 | -11.1% |
| Financial debts | 170/4 | €222,892 | €198,074 | -€24,818 | -11.1% |
| Amounts payable within one year | 42/48 | €55,383 | €61,700 | +€6,317 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €23,826 | €24,818 | +€992 | +4.2% |
| Trade debts | 44 | €8,086 | €12,528 | +€4,442 | +54.9% |
| Suppliers | 440/4 | €8,086 | €12,528 | +€4,442 | +54.9% |
| Taxes, remuneration and social security | 45 | €23,471 | €21,001 | -€2,470 | -10.5% |
| Taxes | 450/3 | €23,471 | €21,001 | -€2,470 | -10.5% |
| Other amounts payable | 47/48 | - | €3,352 | +€3,352 | |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,559 | €32,313 | -€5,246 | -14.0% |
| Other operating charges | 640/8 | €3,212 | €3,571 | +€360 | +11.2% |
| Gross operating margin | 9900 | €194,553 | €179,170 | -€15,383 | -7.9% |
| Operating profit (loss) | 9901 | €153,782 | €143,285 | -€10,496 | -6.8% |
| Financial income | 75/76B | €2,311 | €3,428 | +€1,117 | +48.3% |
| Recurring financial income | 75 | €2,311 | €3,428 | +€1,117 | +48.3% |
| Financial charges | 65/66B | €10,425 | €9,504 | -€921 | -8.8% |
| Recurring financial charges | 65 | €10,425 | €9,504 | -€921 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €145,667 | €137,209 | -€8,459 | -5.8% |
| Income taxes | 67/77 | €47,366 | €44,043 | -€3,323 | -7.0% |
| Profit (loss) for the period | 9904 | €98,302 | €93,166 | -€5,136 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,302 | €93,166 | -€5,136 | -5.2% |
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 7 October 2026 via checked.be.