Navix: 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.
Navix
Largest movements
- Receivables within one year -€23,300
down €23,300 (-38.1%), from €61,118 to €37,819
of which Trade receivables: -€22,433
- Cash +€10,397
up €10,397 (+53.7%), from €19,375 to €29,772
mainly Receivables within one year (+€23,300) and Net result for the year (+€9,842)
- Trade debts -€21,284
down €21,284 (-38.7%), from €54,956 to €33,672
- Reserves +€9,842
up €9,842 (+66.6%), from €14,768 to €24,610
- Tax, wage and social debts -€1,137
down €1,137 (-13.5%), from €8,394 to €7,257
- Gross operating margin -€6,181
down €6,181 (-23.1%), from €26,807 to €20,626
- Write-downs -€2,935
down €2,935 (-41.9%), from €7,008 to €4,073
- Depreciation +€1,692
up €1,692 (+333%), from €508 to €2,200
- Taxes -€429
down €429 (-11.5%), from €3,739 to €3,311
- Other operating charges +€383
up €383 (+49.5%), from €773 to €1,156
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 | €88,118 | €75,539 | -€12,579 | -14.3% |
| Fixed assets | 21/28 | €4,683 | €4,483 | -€200 | -4.3% |
| Intangible fixed assets | 21 | €4,683 | €4,483 | -€200 | -4.3% |
| Current assets | 29/58 | €83,435 | €71,056 | -€12,379 | -14.8% |
| Amounts receivable within one year | 40/41 | €61,118 | €37,819 | -€23,300 | -38.1% |
| Trade receivables | 40 | €59,647 | €37,214 | -€22,433 | -37.6% |
| Other amounts receivable | 41 | €1,472 | €605 | -€867 | -58.9% |
| Cash at bank and in hand | 54/58 | €19,375 | €29,772 | +€10,397 | +53.7% |
| Deferred charges and accrued income | 490/1 | €2,941 | €3,465 | +€524 | +17.8% |
| Total equity and liabilities | 10/49 | €88,118 | €75,539 | -€12,579 | -14.3% |
| Equity | 10/15 | €24,768 | €34,610 | +€9,842 | +39.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,768 | €24,610 | +€9,842 | +66.6% |
| Distributable reserves | 133 | €14,768 | €24,610 | +€9,842 | +66.6% |
| Amounts payable | 17/49 | €63,350 | €40,929 | -€22,421 | -35.4% |
| Amounts payable within one year | 42/48 | €63,350 | €40,929 | -€22,421 | -35.4% |
| Trade debts | 44 | €54,956 | €33,672 | -€21,284 | -38.7% |
| Suppliers | 440/4 | €54,956 | €33,672 | -€21,284 | -38.7% |
| Taxes, remuneration and social security | 45 | €8,394 | €7,257 | -€1,137 | -13.5% |
| Taxes | 450/3 | €8,394 | €7,257 | -€1,137 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508 | €2,200 | +€1,692 | +333% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,008 | €4,073 | -€2,935 | -41.9% |
| Other operating charges | 640/8 | €773 | €1,156 | +€383 | +49.5% |
| Gross operating margin | 9900 | €26,807 | €20,626 | -€6,181 | -23.1% |
| Operating profit (loss) | 9901 | €18,518 | €13,197 | -€5,320 | -28.7% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €10 | €56 | +€45 | +445% |
| Recurring financial charges | 65 | €10 | €56 | +€45 | +445% |
| Profit (loss) for the period before taxes | 9903 | €18,508 | €13,153 | -€5,355 | -28.9% |
| Income taxes | 67/77 | €3,739 | €3,311 | -€429 | -11.5% |
| Profit (loss) for the period | 9904 | €14,768 | €9,842 | -€4,926 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,768 | €9,842 | -€4,926 | -33.4% |
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 28 October 2026 via checked.be.