NAVIL: what changed
NAVIL
Largest movements
- Cash +€2,155
up €2,155 (+412%), from €523 to €2,678
mainly Other debts (+€2,039) and Depreciation (+€1,345)
- Intangible fixed assets -€1,017
down €1,017 (-22.1%), from €4,607 to €3,590
- Receivables within one year -€885
down €885 (-72.7%), from €1,217 to €332
of which Other amounts receivable: -€1,085
- Stocks and contracts -€540
down €540 (-18.6%), from €2,900 to €2,359
- Deferred charges and accrued income +€418
up €418 (+10,916%), from €4 to €422
- Other debts +€2,039
up €2,039 (+37.0%), from €5,516 to €7,555
- Profit (loss) carried forward -€1,664
down €1,664 (-7.7%), from -€21,562 to -€23,226
- Debts after one year -€1,040
down €1,040 (-17.2%), from €6,040 to €5,000
- Trade debts +€330
new in 2025: €330
- Accrued charges and deferred income +€120
new in 2025: €120
- Gross operating margin -€1,218
down €1,218, from €1,143 to -€75
- Depreciation +€763
up €763 (+131%), from €583 to €1,345
- Other operating charges +€62
new in 2025: €62
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,617 | €9,420 | -€197 | -2.1% |
| Fixed assets | 21/28 | €4,974 | €3,629 | -€1,345 | -27.0% |
| Intangible fixed assets | 21 | €4,607 | €3,590 | -€1,017 | -22.1% |
| Tangible fixed assets | 22/27 | €367 | €39 | -€329 | -89.4% |
| Plant, machinery and equipment | 23 | €367 | €39 | -€329 | -89.4% |
| Current assets | 29/58 | €4,643 | €5,791 | +€1,148 | +24.7% |
| Stocks and contracts in progress | 3 | €2,900 | €2,359 | -€540 | -18.6% |
| Stocks | 30/36 | €2,900 | €2,359 | -€540 | -18.6% |
| Amounts receivable within one year | 40/41 | €1,217 | €332 | -€885 | -72.7% |
| Trade receivables | 40 | - | €200 | +€200 | |
| Other amounts receivable | 41 | €1,217 | €132 | -€1,085 | -89.1% |
| Cash at bank and in hand | 54/58 | €523 | €2,678 | +€2,155 | +412% |
| Deferred charges and accrued income | 490/1 | €4 | €422 | +€418 | +10,916% |
| Total equity and liabilities | 10/49 | €9,617 | €9,420 | -€197 | -2.1% |
| Equity | 10/15 | -€2,962 | -€4,626 | -€1,664 | -56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,562 | -€23,226 | -€1,664 | -7.7% |
| Amounts payable | 17/49 | €12,579 | €14,046 | +€1,467 | +11.7% |
| Amounts payable after more than one year | 17 | €6,040 | €5,000 | -€1,040 | -17.2% |
| Financial debts | 170/4 | €6,040 | €5,000 | -€1,040 | -17.2% |
| Amounts payable within one year | 42/48 | €6,538 | €8,926 | +€2,388 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €1,022 | €1,040 | +€18 | +1.8% |
| Trade debts | 44 | - | €330 | +€330 | |
| Suppliers | 440/4 | - | €330 | +€330 | |
| Other amounts payable | 47/48 | €5,516 | €7,555 | +€2,039 | +37.0% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €1,345 | +€763 | +131% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €1,143 | -€75 | -€1,218 | |
| Operating profit (loss) | 9901 | €561 | -€1,482 | -€2,043 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €189 | €183 | -€6 | -3.4% |
| Recurring financial charges | 65 | €189 | €183 | -€6 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €372 | -€1,664 | -€2,036 | |
| Profit (loss) for the period | 9904 | €372 | -€1,664 | -€2,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €372 | -€1,664 | -€2,036 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.