NAVEZ MANAGEMENT: 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.
NAVEZ MANAGEMENT
Largest movements
- Receivables within one year +€40,300
new in 2025: €40,300
- Tangible fixed assets -€14,400
down €14,400 (-23.8%), from €60,443 to €46,043
- Deferred charges and accrued income +€7,508
new in 2025: €7,508
- Cash +€1,523
up €1,523 (+41.3%), from €3,690 to €5,213
mainly Other debts (+€23,854) and Depreciation (+€14,400)
- Other debts +€23,854
new in 2025: €23,854
- Tax, wage and social debts +€13,680
up €13,680 (+98.3%), from €13,912 to €27,592
of which Taxes: +€11,725
- Trade debts -€12,765
down €12,765 (-37.5%), from €34,013 to €21,248
- Advances received +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€1,471
up €1,471 (+30.0%), from €4,898 to €6,370
- Gross operating margin +€21,866
up €21,866 (+130.5%), from €16,756 to €38,623
- Staff costs +€21,439
new in 2025: €21,439
- Depreciation +€859
up €859 (+6.3%), from €13,541 to €14,400
- Taxes -€495
down €495 (-73.8%), from €672 to €176
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 | €64,133 | €99,063 | +€34,930 | +54.5% |
| Fixed assets | 21/28 | €60,443 | €46,043 | -€14,400 | -23.8% |
| Tangible fixed assets | 22/27 | €60,443 | €46,043 | -€14,400 | -23.8% |
| Plant, machinery and equipment | 23 | €60,443 | €46,043 | -€14,400 | -23.8% |
| Current assets | 29/58 | €3,690 | €53,021 | +€49,330 | +1336.8% |
| Amounts receivable within one year | 40/41 | - | €40,300 | +€40,300 | |
| Trade receivables | 40 | - | €40,300 | +€40,300 | |
| Cash at bank and in hand | 54/58 | €3,690 | €5,213 | +€1,523 | +41.3% |
| Deferred charges and accrued income | 490/1 | - | €7,508 | +€7,508 | |
| Total equity and liabilities | 10/49 | €64,133 | €99,063 | +€34,930 | +54.5% |
| Equity | 10/15 | €14,898 | €16,370 | +€1,471 | +9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,898 | €6,370 | +€1,471 | +30.0% |
| Amounts payable | 17/49 | €49,234 | €82,693 | +€33,459 | +68.0% |
| Amounts payable within one year | 42/48 | €47,925 | €82,693 | +€34,768 | +72.5% |
| Trade debts | 44 | €34,013 | €21,248 | -€12,765 | -37.5% |
| Suppliers | 440/4 | €34,013 | €21,248 | -€12,765 | -37.5% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €13,912 | €27,592 | +€13,680 | +98.3% |
| Taxes | 450/3 | €13,912 | €25,637 | +€11,725 | +84.3% |
| Remuneration and social security | 454/9 | - | €1,955 | +€1,955 | |
| Other amounts payable | 47/48 | - | €23,854 | +€23,854 | |
| Accrued charges and deferred income | 492/3 | €1,309 | - | -€1,309 | |
| Remuneration, social security and pensions | 62 | - | €21,439 | +€21,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,541 | €14,400 | +€859 | +6.3% |
| Non-recurring operating charges | 66A | - | €787 | +€787 | |
| Gross operating margin | 9900 | €16,756 | €38,623 | +€21,866 | +130.5% |
| Operating profit (loss) | 9901 | €3,216 | €1,996 | -€1,219 | -37.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €312 | €349 | +€37 | +11.8% |
| Recurring financial charges | 65 | €67 | €104 | +€37 | +54.7% |
| Non-recurring financial charges | 66B | €245 | €245 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,903 | €1,647 | -€1,256 | -43.3% |
| Income taxes | 67/77 | €672 | €176 | -€495 | -73.8% |
| Profit (loss) for the period | 9904 | €2,232 | €1,471 | -€761 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,232 | €1,471 | -€761 | -34.1% |
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 9 October 2026 via checked.be.