NAVIT: 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.
NAVIT
Largest movements
- Cash +€44,875
up €44,875 (+21.8%), from €206,158 to €251,033
mainly Net result for the year (+€105,484) and Depreciation (+€30,685)
- Tangible fixed assets -€31,134
down €31,134 (-22.7%), from €136,986 to €105,853
of which Furniture and vehicles: -€18,210
- Profit (loss) carried forward +€15,484
up €15,484 (+6.5%), from €237,137 to €252,621
- Reserves +€15,000
up €15,000 (+25.7%), from €58,421 to €73,421
- Trade debts -€10,323
no longer reported in 2025 (was €10,323)
- Gross operating margin -€16,260
down €16,260 (-9.7%), from €168,234 to €151,974
- Staff costs +€4,666
new in 2025: €4,666
- Taxes -€4,624
down €4,624 (-27.9%), from €16,557 to €11,933
- Financial income +€2,432
up €2,432 (+95.3%), from €2,551 to €4,983
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 | €483,663 | €503,476 | +€19,814 | +4.1% |
| Fixed assets | 21/28 | €209,671 | €178,538 | -€31,134 | -14.8% |
| Tangible fixed assets | 22/27 | €136,986 | €105,853 | -€31,134 | -22.7% |
| Land and buildings | 22 | €90,695 | €81,836 | -€8,858 | -9.8% |
| Plant, machinery and equipment | 23 | €2,787 | €1,294 | -€1,493 | -53.6% |
| Furniture and vehicles | 24 | €28,314 | €10,104 | -€18,210 | -64.3% |
| Other tangible fixed assets | 26 | €15,191 | €12,619 | -€2,572 | -16.9% |
| Financial fixed assets | 28 | €72,685 | €72,685 | = | 0.0% |
| Current assets | 29/58 | €273,991 | €324,939 | +€50,948 | +18.6% |
| Amounts receivable within one year | 40/41 | €66,731 | €70,978 | +€4,247 | +6.4% |
| Trade receivables | 40 | €30,006 | €29,487 | -€519 | -1.7% |
| Other amounts receivable | 41 | €36,725 | €41,491 | +€4,765 | +13.0% |
| Cash at bank and in hand | 54/58 | €206,158 | €251,033 | +€44,875 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,102 | €2,928 | +€1,826 | +166% |
| Total equity and liabilities | 10/49 | €483,663 | €503,476 | +€19,814 | +4.1% |
| Equity | 10/15 | €316,018 | €346,502 | +€30,484 | +9.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €58,421 | €73,421 | +€15,000 | +25.7% |
| Distributable reserves | 133 | €58,421 | €73,421 | +€15,000 | +25.7% |
| Profit (loss) carried forward | 14 | €237,137 | €252,621 | +€15,484 | +6.5% |
| Amounts payable | 17/49 | €167,645 | €156,974 | -€10,671 | -6.4% |
| Amounts payable within one year | 42/48 | €157,010 | €142,020 | -€14,991 | -9.5% |
| Trade debts | 44 | €10,323 | - | -€10,323 | |
| Suppliers | 440/4 | €10,323 | - | -€10,323 | |
| Taxes, remuneration and social security | 45 | €71,687 | €67,020 | -€4,668 | -6.5% |
| Taxes | 450/3 | €43,801 | €67,020 | +€23,219 | +53.0% |
| Remuneration and social security | 454/9 | €27,887 | - | -€27,887 | |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,635 | €14,955 | +€4,320 | +40.6% |
| Remuneration, social security and pensions | 62 | - | €4,666 | +€4,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,254 | €30,685 | -€569 | -1.8% |
| Other operating charges | 640/8 | €3,499 | €3,620 | +€121 | +3.5% |
| Non-recurring operating charges | 66A | - | €449 | +€449 | |
| Gross operating margin | 9900 | €168,234 | €151,974 | -€16,260 | -9.7% |
| Operating profit (loss) | 9901 | €133,481 | €112,554 | -€20,927 | -15.7% |
| Financial income | 75/76B | €2,551 | €4,983 | +€2,432 | +95.3% |
| Recurring financial income | 75 | €2,551 | €4,983 | +€2,432 | +95.3% |
| Financial charges | 65/66B | €261 | €120 | -€141 | -54.2% |
| Recurring financial charges | 65 | €261 | €120 | -€141 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €135,771 | €117,418 | -€18,353 | -13.5% |
| Income taxes | 67/77 | €16,557 | €11,933 | -€4,624 | -27.9% |
| Profit (loss) for the period | 9904 | €119,214 | €105,484 | -€13,729 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,214 | €105,484 | -€13,729 | -11.5% |
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 27 October 2026 via checked.be.