Navis Veritas: 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.
Navis Veritas
Largest movements
- Receivables within one year +€18,017
up €18,017 (+114%), from €15,790 to €33,807
of which Trade receivables: +€13,897
- Deferred charges and accrued income -€8,026
down €8,026 (-98.3%), from €8,166 to €140
- Tangible fixed assets -€1,612
down €1,612 (-13.2%), from €12,198 to €10,586
of which Plant, machinery and equipment: -€2,846
- Cash +€1,403
up €1,403 (+10.2%), from €13,807 to €15,210
mainly Net result for the year (+€13,172) and Deferred charges and accrued income (+€8,026)
- Reserves +€13,172
up €13,172 (+48.7%), from €27,066 to €40,238
- Trade debts -€4,495
down €4,495 (-50.5%), from €8,895 to €4,400
- Tax, wage and social debts +€1,106
up €1,106, from €0 to €1,106
- Gross operating margin +€2,323
up €2,323 (+9.6%), from €24,091 to €26,414
- Taxes +€1,350
up €1,350 (+23.4%), from €5,756 to €7,106
- Other operating charges +€436
up €436 (+102%), from €429 to €864
- Depreciation +€428
up €428 (+12.8%), from €3,337 to €3,764
- Financial income +€397
up €397 (+84.1%), from €472 to €868
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 | €49,961 | €59,743 | +€9,782 | +19.6% |
| Fixed assets | 21/28 | €12,198 | €10,586 | -€1,612 | -13.2% |
| Tangible fixed assets | 22/27 | €12,198 | €10,586 | -€1,612 | -13.2% |
| Plant, machinery and equipment | 23 | €7,551 | €4,704 | -€2,846 | -37.7% |
| Furniture and vehicles | 24 | €1,914 | €3,433 | +€1,519 | +79.3% |
| Other tangible fixed assets | 26 | €2,734 | €2,449 | -€285 | -10.4% |
| Current assets | 29/58 | €37,763 | €49,157 | +€11,394 | +30.2% |
| Amounts receivable within one year | 40/41 | €15,790 | €33,807 | +€18,017 | +114% |
| Trade receivables | 40 | - | €13,897 | +€13,897 | |
| Other amounts receivable | 41 | €15,790 | €19,909 | +€4,120 | +26.1% |
| Cash at bank and in hand | 54/58 | €13,807 | €15,210 | +€1,403 | +10.2% |
| Deferred charges and accrued income | 490/1 | €8,166 | €140 | -€8,026 | -98.3% |
| Total equity and liabilities | 10/49 | €49,961 | €59,743 | +€9,782 | +19.6% |
| Equity | 10/15 | €41,066 | €54,238 | +€13,172 | +32.1% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €27,066 | €40,238 | +€13,172 | +48.7% |
| Distributable reserves | 133 | €27,066 | €40,238 | +€13,172 | +48.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,895 | €5,505 | -€3,390 | -38.1% |
| Amounts payable within one year | 42/48 | €8,895 | €5,505 | -€3,390 | -38.1% |
| Trade debts | 44 | €8,895 | €4,400 | -€4,495 | -50.5% |
| Suppliers | 440/4 | €8,895 | €4,400 | -€4,495 | -50.5% |
| Taxes, remuneration and social security | 45 | €0 | €1,106 | +€1,106 | |
| Taxes | 450/3 | €0 | €1,106 | +€1,106 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,337 | €3,764 | +€428 | +12.8% |
| Other operating charges | 640/8 | €429 | €864 | +€436 | +102% |
| Gross operating margin | 9900 | €24,091 | €26,414 | +€2,323 | +9.6% |
| Operating profit (loss) | 9901 | €20,326 | €21,785 | +€1,459 | +7.2% |
| Financial income | 75/76B | €472 | €868 | +€397 | +84.1% |
| Recurring financial income | 75 | €472 | €868 | +€397 | +84.1% |
| Financial charges | 65/66B | €2,511 | €2,376 | -€135 | -5.4% |
| Recurring financial charges | 65 | €2,511 | €2,376 | -€135 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €18,287 | €20,277 | +€1,990 | +10.9% |
| Income taxes | 67/77 | €5,756 | €7,106 | +€1,350 | +23.4% |
| Profit (loss) for the period | 9904 | €12,531 | €13,172 | +€641 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,531 | €13,172 | +€641 | +5.1% |
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 30 October 2026 via checked.be.