NAVITAS ENGINEERING: what changed
What changed
NAVITAS ENGINEERING
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€10,245
2024 · €31,600-€21,355
Equity
€457,505
2024 · €447,260+€10,245
Cash
€16,882
2024 · €7,863+€9,019
Balance sheet total
€848,924
2024 · €866,471-€17,547
Largest movements
Assets
- Tangible fixed assets -€31,323
down €31,323 (-4.1%), from €758,373 to €727,050
of which Land and buildings: -€30,701
- Cash +€9,019
up €9,019 (+115%), from €7,863 to €16,882
mainly Depreciation (+€32,402) and Net result for the year (+€10,245)
Equity and liabilities
- Debts after one year -€32,291
down €32,291 (-8.5%), from €379,329 to €347,038
- Reserves +€10,245
up €10,245 (+6.6%), from €154,557 to €164,802
of which Distributable reserves: +€10,245
Income statement
- Gross operating margin -€55,320
down €55,320 (-46.2%), from €119,747 to €64,427
- Other operating charges -€46,632
down €46,632 (-95.2%), from €49,007 to €2,376
- Financial charges +€12,132
up €12,132 (+279%), from €4,343 to €16,475
- Depreciation +€10,119
up €10,119 (+45.4%), from €22,284 to €32,402
- Taxes -€9,362
down €9,362 (-60.8%), from €15,395 to €6,033
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.
Result 2024
€31,600
Gross operating margin
-€55,320
Depreciation
-€10,119
Other operating charges
+€46,632
Financial income
+€222
Financial charges
-€12,132
Taxes
+€9,362
Result 2025
€10,245
raises the resultlowers the result
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.
From operations
+€50,743
Investment
-€9,079
Financing
-€32,645
Cash 2024
€7,863
From operations (derived)
+€50,743
Net result for the year
+€10,245
Depreciation
+€32,402
Receivables after one year
+€5,614
Receivables within one year
-€5,267
Deferred charges and accrued income
+€2,896
Trade debts
-€3,809
Tax, wage and social debts
+€662
Other debts
+€8,000
Investment (derived)
-€9,079
Investment in fixed assets (net)
-€9,079
Financing
-€32,645
Debts after one year
-€32,291
Current portion of long-term debt
-€354
Cash 2025
€16,882
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €866,471 | €848,924 | -€17,547 | -2.0% |
| Fixed assets | 21/28 | €758,373 | €735,050 | -€23,323 | -3.1% |
| Tangible fixed assets | 22/27 | €758,373 | €727,050 | -€31,323 | -4.1% |
| Land and buildings | 22 | €739,204 | €708,504 | -€30,701 | -4.2% |
| Plant, machinery and equipment | 23 | €10,925 | €10,522 | -€403 | -3.7% |
| Furniture and vehicles | 24 | €1,044 | €824 | -€220 | -21.1% |
| Other tangible fixed assets | 26 | €7,200 | €7,200 | = | 0.0% |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €108,098 | €113,874 | +€5,776 | +5.3% |
| Amounts receivable after more than one year | 29 | €59,756 | €54,142 | -€5,614 | -9.4% |
| Other amounts receivable | 291 | €59,756 | €54,142 | -€5,614 | -9.4% |
| Amounts receivable within one year | 40/41 | €22,479 | €27,745 | +€5,267 | +23.4% |
| Trade receivables | 40 | €7,292 | €17,621 | +€10,328 | +142% |
| Other amounts receivable | 41 | €15,186 | €10,125 | -€5,062 | -33.3% |
| Cash at bank and in hand | 54/58 | €7,863 | €16,882 | +€9,019 | +115% |
| Deferred charges and accrued income | 490/1 | €18,000 | €15,104 | -€2,896 | -16.1% |
| Total equity and liabilities | 10/49 | €866,471 | €848,924 | -€17,547 | -2.0% |
| Equity | 10/15 | €447,260 | €457,505 | +€10,245 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,557 | €164,802 | +€10,245 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,697 | €162,942 | +€10,245 | +6.7% |
| Profit (loss) carried forward | 14 | €274,103 | €274,103 | = | 0.0% |
| Amounts payable | 17/49 | €419,211 | €391,419 | -€27,792 | -6.6% |
| Amounts payable after more than one year | 17 | €379,329 | €347,038 | -€32,291 | -8.5% |
| Financial debts | 170/4 | €379,329 | €347,038 | -€32,291 | -8.5% |
| Amounts payable within one year | 42/48 | €39,882 | €44,380 | +€4,499 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €32,645 | €32,291 | -€354 | -1.1% |
| Trade debts | 44 | €3,809 | - | -€3,809 | |
| Suppliers | 440/4 | €3,809 | - | -€3,809 | |
| Taxes, remuneration and social security | 45 | €3,428 | €4,089 | +€662 | +19.3% |
| Taxes | 450/3 | €3,428 | €4,089 | +€662 | +19.3% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,284 | €32,402 | +€10,119 | +45.4% |
| Other operating charges | 640/8 | €49,007 | €2,376 | -€46,632 | -95.2% |
| Gross operating margin | 9900 | €119,747 | €64,427 | -€55,320 | -46.2% |
| Operating profit (loss) | 9901 | €48,456 | €29,649 | -€18,807 | -38.8% |
| Financial income | 75/76B | €2,881 | €3,104 | +€222 | +7.7% |
| Recurring financial income | 75 | €2,881 | €3,104 | +€222 | +7.7% |
| Financial charges | 65/66B | €4,343 | €16,475 | +€12,132 | +279% |
| Recurring financial charges | 65 | €4,343 | €16,475 | +€12,132 | +279% |
| Profit (loss) for the period before taxes | 9903 | €46,995 | €16,278 | -€30,717 | -65.4% |
| Income taxes | 67/77 | €15,395 | €6,033 | -€9,362 | -60.8% |
| Profit (loss) for the period | 9904 | €31,600 | €10,245 | -€21,355 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,600 | €10,245 | -€21,355 | -67.6% |
Next steps
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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.