NAVILION: 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.
NAVILION
Largest movements
- Current investments +€43.9m
new in 2025: €43.9m
- Receivables within one year +€825,998
up €825,998 (+157%), from €526,980 to €1.4m
- Reserves +€41.0m
up €41.0m (+4,477%), from €915,666 to €41.9m
of which Distributable reserves: +€40.9m
- Tax, wage and social debts +€4.2m
new in 2025: €4.2m
- Financial income +€45.5m
up €45.5m (+117,491%), from €38,708 to €45.5m
of which Financial income: +€45.5m
- Taxes +€4.1m
up €4.1m (+409,976,400%), from €1 to €4.1m
- Gross operating margin -€219,537
down €219,537 (-161%), from -€136,749 to -€356,286
- Financial charges -€149,981
down €149,981 (-92.0%), from €163,094 to €13,113
of which Non-recurring financial charges: -€163,022
- Other operating charges +€50,288
up €50,288 (+4,631%), from €1,086 to €51,374
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 | €2,273,386 | €47,335,115 | +€45.1m | +1,982% |
| Fixed assets | 21/28 | €1,669,486 | €1,669,486 | = | 0.0% |
| Financial fixed assets | 28 | €1,669,486 | €1,669,486 | = | 0.0% |
| Current assets | 29/58 | €603,900 | €45,665,629 | +€45.1m | +7,462% |
| Amounts receivable within one year | 40/41 | €526,980 | €1,352,978 | +€825,998 | +157% |
| Other amounts receivable | 41 | €526,980 | €1,352,978 | +€825,998 | +157% |
| Current investments | 50/53 | - | €43,905,270 | +€43.9m | |
| Cash at bank and in hand | 54/58 | €76,920 | €394,884 | +€317,964 | +413% |
| Deferred charges and accrued income | 490/1 | - | €12,497 | +€12,497 | |
| Total equity and liabilities | 10/49 | €2,273,386 | €47,335,115 | +€45.1m | +1,982% |
| Equity | 10/15 | €1,956,992 | €42,953,555 | +€41.0m | +2,095% |
| Contributions | 10/11 | €1,311,379 | €1,311,379 | = | 0.0% |
| Capital | 10 | €1,311,379 | €1,311,379 | = | 0.0% |
| Issued capital | 100 | €1,311,379 | €1,311,379 | = | 0.0% |
| Reserves | 13 | €915,666 | €41,911,666 | +€41.0m | +4,477% |
| Non-distributable reserves | 130/1 | €76,133 | €131,138 | +€55,005 | +72.2% |
| Legal reserve | 130 | €76,133 | €131,138 | +€55,005 | +72.2% |
| Distributable reserves | 133 | €839,533 | €41,780,528 | +€40.9m | +4,877% |
| Profit (loss) carried forward | 14 | -€270,053 | -€269,490 | +€563 | +0.2% |
| Amounts payable | 17/49 | €316,394 | €4,381,560 | +€4.1m | +1,285% |
| Amounts payable within one year | 42/48 | €316,394 | €4,381,560 | +€4.1m | +1,285% |
| Trade debts | 44 | €3,354 | €51,960 | +€48,606 | +1,449% |
| Suppliers | 440/4 | €3,354 | €51,960 | +€48,606 | +1,449% |
| Taxes, remuneration and social security | 45 | - | €4,169,600 | +€4.2m | |
| Taxes | 450/3 | - | €4,169,600 | +€4.2m | |
| Other amounts payable | 47/48 | €313,040 | €160,000 | -€153,040 | -48.9% |
| Other operating charges | 640/8 | €1,086 | €51,374 | +€50,288 | +4,631% |
| Gross operating margin | 9900 | -€136,749 | -€356,286 | -€219,537 | -161% |
| Operating profit (loss) | 9901 | -€137,835 | -€407,660 | -€269,825 | -196% |
| Financial income | 75/76B | €38,708 | €45,517,101 | +€45.5m | +117,491% |
| Recurring financial income | 75 | €5,219 | €45,517,101 | +€45.5m | +872,042% |
| Non-recurring financial income | 76B | €33,489 | - | -€33,489 | |
| Financial charges | 65/66B | €163,094 | €13,113 | -€149,981 | -92.0% |
| Recurring financial charges | 65 | €72 | €13,113 | +€13,041 | +18,113% |
| Non-recurring financial charges | 66B | €163,022 | - | -€163,022 | |
| Profit (loss) for the period before taxes | 9903 | -€262,221 | €45,096,328 | +€45.4m | |
| Income taxes | 67/77 | €1 | €4,099,765 | +€4.1m | +409,976,400% |
| Profit (loss) for the period | 9904 | -€262,222 | €40,996,563 | +€41.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€262,222 | €40,996,563 | +€41.3m |
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 26 October 2026 via checked.be.