NAVETTES -TC: 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.
NAVETTES -TC
Largest movements
- Cash +€63,563
up €63,563 (+80.9%), from €78,603 to €142,165
mainly Net result for the year (+€60,344) and Depreciation (+€18,935)
- Receivables within one year -€16,656
down €16,656 (-18.6%), from €89,529 to €72,873
of which Other amounts receivable: -€12,011
- Tangible fixed assets -€10,125
down €10,125 (-14.1%), from €71,922 to €61,797
- Profit (loss) carried forward +€60,344
up €60,344 (+62.2%), from €97,069 to €157,413
- Debts after one year -€20,912
down €20,912 (-33.8%), from €61,940 to €41,028
- Tax, wage and social debts -€13,058
down €13,058 (-34.1%), from €38,251 to €25,193
of which Taxes: -€12,852
- Trade debts +€6,835
up €6,835 (+32.6%), from €20,940 to €27,775
- Gross operating margin +€13,183
up €13,183 (+8.1%), from €162,266 to €175,449
- Staff costs +€5,874
up €5,874 (+9.0%), from €65,045 to €70,919
- Taxes +€2,116
up €2,116 (+15.8%), from €13,412 to €15,528
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 | €241,134 | €277,192 | +€36,057 | +15.0% |
| Fixed assets | 21/28 | €71,922 | €61,797 | -€10,125 | -14.1% |
| Tangible fixed assets | 22/27 | €71,922 | €61,797 | -€10,125 | -14.1% |
| Furniture and vehicles | 24 | €71,922 | €61,797 | -€10,125 | -14.1% |
| Current assets | 29/58 | €169,213 | €215,395 | +€46,182 | +27.3% |
| Amounts receivable within one year | 40/41 | €89,529 | €72,873 | -€16,656 | -18.6% |
| Trade receivables | 40 | €44,529 | €39,884 | -€4,645 | -10.4% |
| Other amounts receivable | 41 | €45,000 | €32,989 | -€12,011 | -26.7% |
| Cash at bank and in hand | 54/58 | €78,603 | €142,165 | +€63,563 | +80.9% |
| Deferred charges and accrued income | 490/1 | €1,082 | €356 | -€725 | -67.1% |
| Total equity and liabilities | 10/49 | €241,134 | €277,192 | +€36,057 | +15.0% |
| Equity | 10/15 | €100,069 | €160,413 | +€60,344 | +60.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,069 | €157,413 | +€60,344 | +62.2% |
| Amounts payable | 17/49 | €141,065 | €116,779 | -€24,286 | -17.2% |
| Amounts payable after more than one year | 17 | €61,940 | €41,028 | -€20,912 | -33.8% |
| Financial debts | 170/4 | €61,940 | €41,028 | -€20,912 | -33.8% |
| Amounts payable within one year | 42/48 | €79,125 | €75,750 | -€3,375 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €19,935 | €20,912 | +€977 | +4.9% |
| Trade debts | 44 | €20,940 | €27,775 | +€6,835 | +32.6% |
| Suppliers | 440/4 | €20,940 | €27,775 | +€6,835 | +32.6% |
| Taxes, remuneration and social security | 45 | €38,251 | €25,193 | -€13,058 | -34.1% |
| Taxes | 450/3 | €29,013 | €16,161 | -€12,852 | -44.3% |
| Remuneration and social security | 454/9 | €9,237 | €9,032 | -€206 | -2.2% |
| Other amounts payable | 47/48 | - | €1,871 | +€1,871 | |
| Remuneration, social security and pensions | 62 | €65,045 | €70,919 | +€5,874 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,370 | €18,935 | +€564 | +3.1% |
| Other operating charges | 640/8 | €6,904 | €5,525 | -€1,379 | -20.0% |
| Non-recurring operating charges | 66A | €703 | - | -€703 | |
| Gross operating margin | 9900 | €162,266 | €175,449 | +€13,183 | +8.1% |
| Operating profit (loss) | 9901 | €71,243 | €80,071 | +€8,827 | +12.4% |
| Financial charges | 65/66B | €4,343 | €4,199 | -€144 | -3.3% |
| Recurring financial charges | 65 | €4,343 | €4,199 | -€144 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €66,900 | €75,872 | +€8,972 | +13.4% |
| Income taxes | 67/77 | €13,412 | €15,528 | +€2,116 | +15.8% |
| Profit (loss) for the period | 9904 | €53,488 | €60,344 | +€6,856 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,488 | €60,344 | +€6,856 | +12.8% |
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 15 October 2026 via checked.be.