NAVITAX: 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.
NAVITAX
Largest movements
- Tangible fixed assets -€30,402
down €30,402 (-61.6%), from €49,346 to €18,944
of which Furniture and vehicles: -€29,952
- Cash -€5,728
no longer reported in 2025 (was €5,728)
mainly Debts after one year (-€32,647) and Trade debts (-€5,754)
- Intangible fixed assets -€2,479
down €2,479 (-24.4%), from €10,148 to €7,669
- Receivables within one year -€2,229
down €2,229 (-42.2%), from €5,283 to €3,054
of which Other amounts receivable: -€3,231
- Debts after one year -€32,647
down €32,647 (-59.8%), from €54,570 to €21,924
- Trade debts -€5,754
down €5,754 (-90.2%), from €6,378 to €624
- Other debts -€2,369
down €2,369 (-25.8%), from €9,194 to €6,825
- Current portion of long-term debt -€1,678
no longer reported in 2025 (was €1,678)
- Tax, wage and social debts +€1,585
up €1,585 (+792%), from €200 to €1,785
of which Remuneration and social security: +€1,200
- Other operating charges -€5,816
down €5,816 (-76.0%), from €7,648 to €1,832
- Gross operating margin -€5,690
down €5,690 (-29.2%), from €19,517 to €13,827
- Financial charges +€941
up €941 (+30.8%), from €3,054 to €3,995
- Taxes -€868
no longer reported in 2025 (was €868)
- Financial income -€484
no longer reported in 2025 (was €484)
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 | €70,735 | €29,897 | -€40,838 | -57.7% |
| Fixed assets | 21/28 | €59,724 | €26,843 | -€32,881 | -55.1% |
| Intangible fixed assets | 21 | €10,148 | €7,669 | -€2,479 | -24.4% |
| Tangible fixed assets | 22/27 | €49,346 | €18,944 | -€30,402 | -61.6% |
| Plant, machinery and equipment | 23 | €938 | €488 | -€450 | -48.0% |
| Furniture and vehicles | 24 | €48,408 | €18,456 | -€29,952 | -61.9% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €11,011 | €3,054 | -€7,957 | -72.3% |
| Amounts receivable within one year | 40/41 | €5,283 | €3,054 | -€2,229 | -42.2% |
| Trade receivables | 40 | €2,039 | €3,042 | +€1,003 | +49.2% |
| Other amounts receivable | 41 | €3,244 | €13 | -€3,231 | -99.6% |
| Cash at bank and in hand | 54/58 | €5,728 | - | -€5,728 | |
| Total equity and liabilities | 10/49 | €70,735 | €29,897 | -€40,838 | -57.7% |
| Equity | 10/15 | -€1,285 | -€2,417 | -€1,132 | -88.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,285 | -€4,417 | -€1,132 | -34.5% |
| Amounts payable | 17/49 | €72,020 | €32,315 | -€39,705 | -55.1% |
| Amounts payable after more than one year | 17 | €54,570 | €21,924 | -€32,647 | -59.8% |
| Financial debts | 170/4 | €54,570 | €21,924 | -€32,647 | -59.8% |
| Amounts payable within one year | 42/48 | €17,450 | €10,391 | -€7,059 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €1,678 | - | -€1,678 | |
| Financial debts | 43 | - | €1,157 | +€1,157 | |
| Credit institutions | 430/8 | - | €1,157 | +€1,157 | |
| Trade debts | 44 | €6,378 | €624 | -€5,754 | -90.2% |
| Suppliers | 440/4 | €6,378 | €624 | -€5,754 | -90.2% |
| Taxes, remuneration and social security | 45 | €200 | €1,785 | +€1,585 | +792% |
| Taxes | 450/3 | €200 | €585 | +€385 | +192% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €9,194 | €6,825 | -€2,369 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,250 | €9,132 | -€118 | -1.3% |
| Other operating charges | 640/8 | €7,648 | €1,832 | -€5,816 | -76.0% |
| Gross operating margin | 9900 | €19,517 | €13,827 | -€5,690 | -29.2% |
| Operating profit (loss) | 9901 | €2,619 | €2,863 | +€244 | +9.3% |
| Financial income | 75/76B | €484 | - | -€484 | |
| Recurring financial income | 75 | €484 | - | -€484 | |
| Financial charges | 65/66B | €3,054 | €3,995 | +€941 | +30.8% |
| Recurring financial charges | 65 | €3,054 | €3,995 | +€941 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | €49 | -€1,132 | -€1,181 | |
| Income taxes | 67/77 | €868 | - | -€868 | |
| Profit (loss) for the period | 9904 | -€819 | -€1,132 | -€313 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€819 | -€1,132 | -€313 | -38.2% |
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.