NAVI-BUILD: 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.
NAVI-BUILD
Largest movements
- Cash +€20,599
up €20,599 (+66.9%), from €30,774 to €51,373
mainly Net result for the year (+€28,648) and Depreciation (+€8,068)
- Tangible fixed assets -€7,076
down €7,076 (-19.0%), from €37,185 to €30,109
of which Furniture and vehicles: -€5,889
- Receivables within one year +€1,156
up €1,156 (+9.0%), from €12,847 to €14,003
of which Other amounts receivable: +€1,938
- Reserves +€28,648
up €28,648 (+87.7%), from €32,649 to €61,297
- Other debts -€6,283
down €6,283 (-42.1%), from €14,909 to €8,626
- Debts after one year -€5,275
down €5,275 (-31.4%), from €16,818 to €11,543
- Tax, wage and social debts -€1,435
down €1,435 (-16.9%), from €8,496 to €7,061
of which Taxes: -€4,415
- Gross operating margin -€7,508
down €7,508 (-12.8%), from €58,533 to €51,025
- Taxes -€1,548
down €1,548 (-11.4%), from €13,610 to €12,062
- Depreciation -€964
down €964 (-10.7%), from €9,032 to €8,068
- Financial charges -€891
down €891 (-37.0%), from €2,411 to €1,520
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 | €82,554 | €97,462 | +€14,908 | +18.1% |
| Fixed assets | 21/28 | €37,585 | €30,547 | -€7,038 | -18.7% |
| Tangible fixed assets | 22/27 | €37,185 | €30,109 | -€7,076 | -19.0% |
| Land and buildings | 22 | €11,722 | €10,535 | -€1,188 | -10.1% |
| Furniture and vehicles | 24 | €25,463 | €19,574 | -€5,889 | -23.1% |
| Financial fixed assets | 28 | €400 | €438 | +€38 | +9.6% |
| Current assets | 29/58 | €44,969 | €66,914 | +€21,945 | +48.8% |
| Amounts receivable within one year | 40/41 | €12,847 | €14,003 | +€1,156 | +9.0% |
| Trade receivables | 40 | €12,847 | €12,065 | -€782 | -6.1% |
| Other amounts receivable | 41 | - | €1,938 | +€1,938 | |
| Cash at bank and in hand | 54/58 | €30,774 | €51,373 | +€20,599 | +66.9% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,538 | +€191 | +14.2% |
| Total equity and liabilities | 10/49 | €82,554 | €97,462 | +€14,908 | +18.1% |
| Equity | 10/15 | €36,149 | €64,797 | +€28,648 | +79.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €32,649 | €61,297 | +€28,648 | +87.7% |
| Distributable reserves | 133 | €32,649 | €61,297 | +€28,648 | +87.7% |
| Amounts payable | 17/49 | €46,405 | €32,665 | -€13,740 | -29.6% |
| Amounts payable after more than one year | 17 | €16,818 | €11,543 | -€5,275 | -31.4% |
| Financial debts | 170/4 | €16,818 | €11,543 | -€5,275 | -31.4% |
| Amounts payable within one year | 42/48 | €29,337 | €21,122 | -€8,215 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €5,051 | €5,275 | +€224 | +4.4% |
| Trade debts | 44 | €882 | €160 | -€722 | -81.9% |
| Suppliers | 440/4 | €882 | €160 | -€722 | -81.9% |
| Taxes, remuneration and social security | 45 | €8,496 | €7,061 | -€1,435 | -16.9% |
| Taxes | 450/3 | €8,496 | €4,081 | -€4,415 | -52.0% |
| Remuneration and social security | 454/9 | - | €2,980 | +€2,980 | |
| Other amounts payable | 47/48 | €14,909 | €8,626 | -€6,283 | -42.1% |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,032 | €8,068 | -€964 | -10.7% |
| Other operating charges | 640/8 | €832 | €727 | -€104 | -12.5% |
| Gross operating margin | 9900 | €58,533 | €51,025 | -€7,508 | -12.8% |
| Operating profit (loss) | 9901 | €48,670 | €42,230 | -€6,440 | -13.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,411 | €1,520 | -€891 | -37.0% |
| Recurring financial charges | 65 | €2,411 | €1,520 | -€891 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €46,259 | €40,710 | -€5,549 | -12.0% |
| Income taxes | 67/77 | €13,610 | €12,062 | -€1,548 | -11.4% |
| Profit (loss) for the period | 9904 | €32,649 | €28,648 | -€4,001 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,649 | €28,648 | -€4,001 | -12.3% |
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 16 October 2026 via checked.be.