NAVETTE DS: 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.
NAVETTE DS
Largest movements
- Cash +€20,494
up €20,494 (+106%), from €19,320 to €39,815
mainly Net result for the year (+€16,480) and Depreciation (+€10,583)
- Tangible fixed assets -€9,649
down €9,649 (-27.1%), from €35,618 to €25,969
- Deferred charges and accrued income -€1,540
down €1,540 (-49.0%), from €3,145 to €1,604
- Receivables within one year +€1,485
up €1,485 (+174,694%), from €1 to €1,486
of which Trade receivables: +€1,158
- Profit (loss) carried forward +€16,480
up €16,480 (+185%), from €8,910 to €25,391
- Debts after one year -€6,361
down €6,361 (-38.7%), from €16,424 to €10,062
- Other debts -€3,236
down €3,236 (-22.3%), from €14,542 to €11,306
- Tax, wage and social debts +€2,015
up €2,015 (+27.8%), from €7,262 to €9,277
of which Remuneration and social security: +€2,519
- Trade debts +€1,777
up €1,777 (+75.6%), from €2,349 to €4,127
- Gross operating margin +€41,860
up €41,860 (+155%), from €26,989 to €68,849
- Staff costs +€26,378
up €26,378 (+297%), from €8,892 to €35,270
- Depreciation +€5,427
up €5,427 (+105%), from €5,156 to €10,583
- Taxes +€1,894
up €1,894 (+83.1%), from €2,279 to €4,173
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 | €58,084 | €69,024 | +€10,940 | +18.8% |
| Fixed assets | 21/28 | €35,618 | €26,119 | -€9,499 | -26.7% |
| Tangible fixed assets | 22/27 | €35,618 | €25,969 | -€9,649 | -27.1% |
| Furniture and vehicles | 24 | €35,618 | €25,969 | -€9,649 | -27.1% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €22,466 | €42,905 | +€20,439 | +91.0% |
| Amounts receivable within one year | 40/41 | €1 | €1,486 | +€1,485 | +174,694% |
| Trade receivables | 40 | - | €1,158 | +€1,158 | |
| Other amounts receivable | 41 | €1 | €327 | +€327 | +38,419% |
| Cash at bank and in hand | 54/58 | €19,320 | €39,815 | +€20,494 | +106% |
| Deferred charges and accrued income | 490/1 | €3,145 | €1,604 | -€1,540 | -49.0% |
| Total equity and liabilities | 10/49 | €58,084 | €69,024 | +€10,940 | +18.8% |
| Equity | 10/15 | €11,410 | €27,891 | +€16,480 | +144% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,910 | €25,391 | +€16,480 | +185% |
| Amounts payable | 17/49 | €46,674 | €41,134 | -€5,540 | -11.9% |
| Amounts payable after more than one year | 17 | €16,424 | €10,062 | -€6,361 | -38.7% |
| Financial debts | 170/4 | €16,424 | €10,062 | -€6,361 | -38.7% |
| Amounts payable within one year | 42/48 | €30,250 | €31,071 | +€821 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,097 | €6,361 | +€264 | +4.3% |
| Trade debts | 44 | €2,349 | €4,127 | +€1,777 | +75.6% |
| Suppliers | 440/4 | €2,349 | €4,127 | +€1,777 | +75.6% |
| Taxes, remuneration and social security | 45 | €7,262 | €9,277 | +€2,015 | +27.8% |
| Taxes | 450/3 | €7,070 | €6,567 | -€503 | -7.1% |
| Remuneration and social security | 454/9 | €191 | €2,710 | +€2,519 | +1,316% |
| Other amounts payable | 47/48 | €14,542 | €11,306 | -€3,236 | -22.3% |
| Remuneration, social security and pensions | 62 | €8,892 | €35,270 | +€26,378 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,156 | €10,583 | +€5,427 | +105% |
| Other operating charges | 640/8 | €1,109 | €1,379 | +€270 | +24.3% |
| Gross operating margin | 9900 | €26,989 | €68,849 | +€41,860 | +155% |
| Operating profit (loss) | 9901 | €11,832 | €21,617 | +€9,785 | +82.7% |
| Financial charges | 65/66B | €643 | €964 | +€321 | +50.0% |
| Recurring financial charges | 65 | €643 | €964 | +€321 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €11,189 | €20,653 | +€9,464 | +84.6% |
| Income taxes | 67/77 | €2,279 | €4,173 | +€1,894 | +83.1% |
| Profit (loss) for the period | 9904 | €8,910 | €16,480 | +€7,570 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,910 | €16,480 | +€7,570 | +85.0% |
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 26 October 2026 via checked.be.