NAVIMO: 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.
NAVIMO
Largest movements
- Cash -€11,302
down €11,302 (-75.9%), from €14,897 to €3,595
mainly Net result for the year (-€12,840) and Trade debts (-€5,332)
- Receivables within one year -€4,257
down €4,257 (-72.8%), from €5,845 to €1,588
of which Other amounts receivable: -€3,957
- Tangible fixed assets -€357
down €357 (-74.8%), from €478 to €121
of which Other tangible fixed assets: -€256
- Profit (loss) carried forward -€12,840
down €12,840, from €3,794 to -€9,046
- Trade debts -€5,332
down €5,332 (-93.1%), from €5,726 to €394
- Tax, wage and social debts +€1,830
new in 2025: €1,830
- Other debts +€426
up €426 (+5.3%), from €7,979 to €8,405
- Gross operating margin -€10,282
down €10,282 (-592%), from -€1,736 to -€12,018
- Financial charges -€1,339
down €1,339 (-91.8%), from €1,458 to €120
- Depreciation -€578
down €578 (-61.8%), from €935 to €357
- Other operating charges -€288
down €288 (-41.8%), from €687 to €400
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 | €23,699 | €7,783 | -€15,916 | -67.2% |
| Fixed assets | 21/28 | €2,958 | €2,601 | -€357 | -12.1% |
| Tangible fixed assets | 22/27 | €478 | €121 | -€357 | -74.8% |
| Plant, machinery and equipment | 23 | €101 | - | -€101 | |
| Other tangible fixed assets | 26 | €376 | €121 | -€256 | -68.0% |
| Financial fixed assets | 28 | €2,480 | €2,480 | = | 0.0% |
| Current assets | 29/58 | €20,742 | €5,183 | -€15,559 | -75.0% |
| Amounts receivable within one year | 40/41 | €5,845 | €1,588 | -€4,257 | -72.8% |
| Trade receivables | 40 | €1,478 | €1,178 | -€300 | -20.3% |
| Other amounts receivable | 41 | €4,367 | €410 | -€3,957 | -90.6% |
| Cash at bank and in hand | 54/58 | €14,897 | €3,595 | -€11,302 | -75.9% |
| Total equity and liabilities | 10/49 | €23,699 | €7,783 | -€15,916 | -67.2% |
| Equity | 10/15 | €9,994 | -€2,846 | -€12,840 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,794 | -€9,046 | -€12,840 | |
| Amounts payable | 17/49 | €13,705 | €10,629 | -€3,076 | -22.4% |
| Amounts payable within one year | 42/48 | €13,705 | €10,629 | -€3,076 | -22.4% |
| Trade debts | 44 | €5,726 | €394 | -€5,332 | -93.1% |
| Suppliers | 440/4 | €5,726 | €394 | -€5,332 | -93.1% |
| Taxes, remuneration and social security | 45 | - | €1,830 | +€1,830 | |
| Taxes | 450/3 | - | €1,830 | +€1,830 | |
| Other amounts payable | 47/48 | €7,979 | €8,405 | +€426 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €935 | €357 | -€578 | -61.8% |
| Other operating charges | 640/8 | €687 | €400 | -€288 | -41.8% |
| Gross operating margin | 9900 | -€1,736 | -€12,018 | -€10,282 | -592% |
| Operating profit (loss) | 9901 | -€3,359 | -€12,775 | -€9,416 | -280% |
| Financial income | 75/76B | €48 | €55 | +€7 | +13.8% |
| Recurring financial income | 75 | €48 | €55 | +€7 | +13.8% |
| Financial charges | 65/66B | €1,458 | €120 | -€1,339 | -91.8% |
| Recurring financial charges | 65 | €1,458 | €120 | -€1,339 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,769 | -€12,840 | -€8,071 | -169% |
| Profit (loss) for the period | 9904 | -€4,769 | -€12,840 | -€8,071 | -169% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,769 | -€12,840 | -€8,071 | -169% |
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 17 October 2026 via checked.be.