NAVEZ RE: 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 RE
Largest movements
- Receivables within one year +€4,076
up €4,076 (+180%), from €2,268 to €6,344
- Trade debts +€16,006
new in 2025: €16,006
- Accrued charges and deferred income -€10,179
no longer reported in 2025 (was €10,179)
- Purchases and services -€12,268
no longer reported in 2025 (was €12,268)
- Gross operating margin +€3,916
up €3,916 (+186%), from €2,109 to €6,025
- Financial charges +€958
new in 2025: €958
- Financial income -€639
no longer reported in 2025 (was €639)
- Other operating charges +€412
up €412 (+7.7%), from €5,338 to €5,749
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,641 | €227,717 | +€4,076 | +1.8% |
| Fixed assets | 21/28 | €221,373 | €221,373 | = | 0.0% |
| Tangible fixed assets | 22/27 | €221,373 | €221,373 | = | 0.0% |
| Land and buildings | 22 | €221,373 | €221,373 | = | 0.0% |
| Current assets | 29/58 | €2,268 | €6,344 | +€4,076 | +180% |
| Amounts receivable within one year | 40/41 | €2,268 | €6,344 | +€4,076 | +180% |
| Other amounts receivable | 41 | €2,268 | €6,344 | +€4,076 | +180% |
| Total equity and liabilities | 10/49 | €223,641 | €227,717 | +€4,076 | +1.8% |
| Equity | 10/15 | €165,848 | €165,166 | -€682 | -0.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,043 | €83,362 | -€682 | -0.8% |
| Amounts payable | 17/49 | €57,793 | €62,550 | +€4,757 | +8.2% |
| Amounts payable within one year | 42/48 | €47,614 | €62,550 | +€14,936 | +31.4% |
| Trade debts | 44 | - | €16,006 | +€16,006 | |
| Suppliers | 440/4 | - | €16,006 | +€16,006 | |
| Other amounts payable | 47/48 | €47,614 | €46,544 | -€1,070 | -2.2% |
| Accrued charges and deferred income | 492/3 | €10,179 | - | -€10,179 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,268 | - | -€12,268 | |
| Other operating charges | 640/8 | €5,338 | €5,749 | +€412 | +7.7% |
| Gross operating margin | 9900 | €2,109 | €6,025 | +€3,916 | +186% |
| Operating profit (loss) | 9901 | -€3,229 | €276 | +€3,505 | |
| Financial income | 75/76B | €639 | - | -€639 | |
| Recurring financial income | 75 | €639 | - | -€639 | |
| Financial charges | 65/66B | - | €958 | +€958 | |
| Recurring financial charges | 65 | - | €958 | +€958 | |
| Profit (loss) for the period before taxes | 9903 | -€2,590 | -€682 | +€1,908 | +73.7% |
| Profit (loss) for the period | 9904 | -€2,590 | -€682 | +€1,908 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,590 | -€682 | +€1,908 | +73.7% |
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 23 October 2026 via checked.be.