Navin: 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.
Navin
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-7.1%), from €1.4m to €1.3m
- Reserves -€53,451
down €53,451 (-14.1%), from €378,881 to €325,430
- Other debts -€47,860
down €47,860 (-11.0%), from €434,520 to €386,660
- Financial charges +€100,136
up €100,136 (+107,408%), from €93 to €100,229
of which Non-recurring financial charges: +€100,000
- Financial income -€171
down €171 (-0.3%), from €50,233 to €50,062
- Taxes -€57
down €57 (-83.3%), from €69 to €11
- Other operating charges +€52
up €52 (+44.1%), from €118 to €170
- Gross operating margin -€37
down €37 (-1.2%), from -€3,065 to -€3,102
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 | €1,417,735 | €1,317,088 | -€100,647 | -7.1% |
| Fixed assets | 21/28 | €1,404,000 | €1,304,000 | -€100,000 | -7.1% |
| Financial fixed assets | 28 | €1,404,000 | €1,304,000 | -€100,000 | -7.1% |
| Current assets | 29/58 | €13,735 | €13,088 | -€647 | -4.7% |
| Cash at bank and in hand | 54/58 | €13,693 | €13,060 | -€633 | -4.6% |
| Deferred charges and accrued income | 490/1 | €42 | €28 | -€14 | -32.5% |
| Total equity and liabilities | 10/49 | €1,417,735 | €1,317,088 | -€100,647 | -7.1% |
| Equity | 10/15 | €982,881 | €929,430 | -€53,451 | -5.4% |
| Contributions | 10/11 | €604,000 | €604,000 | = | 0.0% |
| Reserves | 13 | €378,881 | €325,430 | -€53,451 | -14.1% |
| Distributable reserves | 133 | €378,881 | €325,430 | -€53,451 | -14.1% |
| Amounts payable | 17/49 | €434,855 | €387,658 | -€47,196 | -10.9% |
| Amounts payable within one year | 42/48 | €434,855 | €387,658 | -€47,196 | -10.9% |
| Trade debts | 44 | €335 | €998 | +€664 | +198% |
| Suppliers | 440/4 | €335 | €998 | +€664 | +198% |
| Other amounts payable | 47/48 | €434,520 | €386,660 | -€47,860 | -11.0% |
| Other operating charges | 640/8 | €118 | €170 | +€52 | +44.1% |
| Gross operating margin | 9900 | -€3,065 | -€3,102 | -€37 | -1.2% |
| Operating profit (loss) | 9901 | -€3,183 | -€3,272 | -€89 | -2.8% |
| Financial income | 75/76B | €50,233 | €50,062 | -€171 | -0.3% |
| Recurring financial income | 75 | €50,233 | €50,062 | -€171 | -0.3% |
| Financial charges | 65/66B | €93 | €100,229 | +€100,136 | +107,408% |
| Recurring financial charges | 65 | €93 | €229 | +€136 | +146% |
| Non-recurring financial charges | 66B | - | €100,000 | +€100,000 | |
| Profit (loss) for the period before taxes | 9903 | €46,957 | -€53,439 | -€100,396 | |
| Income taxes | 67/77 | €69 | €11 | -€57 | -83.3% |
| Profit (loss) for the period | 9904 | €46,888 | -€53,451 | -€100,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,888 | -€53,451 | -€100,339 |
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 21 October 2026 via checked.be.