NAVIS - SHIPPING & FORWARDING: what changed
NAVIS - SHIPPING & FORWARDING
Largest movements
- Cash -€140,942
down €140,942 (-36.6%), from €384,911 to €243,969
mainly Net result for the year (-€101,926) and Receivables within one year (-€42,336)
- Receivables within one year +€42,336
up €42,336 (+28.3%), from €149,636 to €191,972
of which Trade receivables: +€57,434
- Reserves -€101,926
down €101,926 (-31.3%), from €325,751 to €223,825
of which Distributable reserves: -€101,926
- Tax, wage and social debts -€8,076
down €8,076 (-19.3%), from €41,890 to €33,814
of which Taxes: -€5,082
- Gross operating margin -€63,403
down €63,403 (-26.6%), from €237,944 to €174,540
- Staff costs +€19,664
up €19,664 (+7.9%), from €248,788 to €268,452
- Write-downs -€4,924
down €4,924 (-77.2%), from €6,376 to €1,452
- Other operating charges -€4,618
down €4,618 (-76.1%), from €6,064 to €1,446
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 | €549,446 | €444,208 | -€105,238 | -19.2% |
| Fixed assets | 21/28 | €7,118 | €5,205 | -€1,913 | -26.9% |
| Tangible fixed assets | 22/27 | €3,332 | €1,419 | -€1,913 | -57.4% |
| Furniture and vehicles | 24 | €3,332 | €1,419 | -€1,913 | -57.4% |
| Financial fixed assets | 28 | €3,786 | €3,786 | = | 0.0% |
| Current assets | 29/58 | €542,328 | €439,003 | -€103,324 | -19.1% |
| Amounts receivable within one year | 40/41 | €149,636 | €191,972 | +€42,336 | +28.3% |
| Trade receivables | 40 | €128,906 | €186,340 | +€57,434 | +44.6% |
| Other amounts receivable | 41 | €20,730 | €5,632 | -€15,098 | -72.8% |
| Cash at bank and in hand | 54/58 | €384,911 | €243,969 | -€140,942 | -36.6% |
| Deferred charges and accrued income | 490/1 | €7,781 | €3,063 | -€4,718 | -60.6% |
| Total equity and liabilities | 10/49 | €549,446 | €444,208 | -€105,238 | -19.2% |
| Equity | 10/15 | €350,751 | €248,825 | -€101,926 | -29.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €325,751 | €223,825 | -€101,926 | -31.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €323,251 | €221,325 | -€101,926 | -31.5% |
| Amounts payable | 17/49 | €198,695 | €195,383 | -€3,312 | -1.7% |
| Amounts payable within one year | 42/48 | €198,695 | €195,383 | -€3,312 | -1.7% |
| Trade debts | 44 | €156,804 | €161,569 | +€4,765 | +3.0% |
| Suppliers | 440/4 | €156,804 | €161,569 | +€4,765 | +3.0% |
| Taxes, remuneration and social security | 45 | €41,890 | €33,814 | -€8,076 | -19.3% |
| Taxes | 450/3 | €9,447 | €4,365 | -€5,082 | -53.8% |
| Remuneration and social security | 454/9 | €32,443 | €29,449 | -€2,994 | -9.2% |
| Non-recurring operating income | 76A | €5,611 | - | -€5,611 | |
| Remuneration, social security and pensions | 62 | €248,788 | €268,452 | +€19,664 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,096 | €1,913 | -€183 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,376 | €1,452 | -€4,924 | -77.2% |
| Other operating charges | 640/8 | €6,064 | €1,446 | -€4,618 | -76.1% |
| Gross operating margin | 9900 | €237,944 | €174,540 | -€63,403 | -26.6% |
| Operating profit (loss) | 9901 | -€25,380 | -€98,723 | -€73,343 | -289% |
| Financial income | 75/76B | €1,419 | €926 | -€493 | -34.7% |
| Recurring financial income | 75 | €1,419 | €926 | -€493 | -34.7% |
| Financial charges | 65/66B | €3,204 | €3,953 | +€749 | +23.4% |
| Recurring financial charges | 65 | €3,204 | €3,953 | +€749 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,165 | -€101,750 | -€74,585 | -275% |
| Income taxes | 67/77 | €45 | €176 | +€131 | +294% |
| Profit (loss) for the period | 9904 | -€27,209 | -€101,926 | -€74,717 | -275% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,209 | -€101,926 | -€74,717 | -275% |
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 4 November 2026 via checked.be.