NAVRO: what changed
What changed
NAVRO
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€47,364
2023 · -€21,532+€68,896
Equity
€207,155
2023 · €159,791+€47,364
Cash
€18,239
2023 · €17,029+€1,210
Balance sheet total
€517,650
2023 · €541,282-€23,632
Largest movements
Assets
- Receivables within one year -€30,634
down €30,634 (-8.2%), from €375,705 to €345,071
of which Trade receivables: -€26,296
- Deferred charges and accrued income +€10,353
up €10,353 (+141%), from €7,323 to €17,676
Equity and liabilities
- Trade debts -€82,834
down €82,834 (-35.1%), from €235,715 to €152,881
- Profit (loss) carried forward +€47,364
up €47,364 (+31.2%), from €151,731 to €199,095
- Tax, wage and social debts +€15,485
up €15,485 (+120%), from €12,918 to €28,403
of which Remuneration and social security: +€8,418
Income statement
- Gross operating margin +€123,912
up €123,912, from -€21,301 to €102,611
- Financial income -€46,955
down €46,955 (-94.3%), from €49,795 to €2,840
of which Non-recurring financial income: -€47,173
- Depreciation -€13,471
down €13,471 (-51.3%), from €26,271 to €12,800
- Financial charges +€10,645
up €10,645 (+128%), from €8,325 to €18,970
- Taxes +€10,093
up €10,093 (+45,877%), from €22 to €10,115
Change in the result, 2023 to 2024
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 2023
-€21,532
Gross operating margin
+€123,912
Staff costs
+€139
Depreciation
+€13,471
Other operating charges
-€933
Financial income
-€46,955
Financial charges
-€10,645
Taxes
-€10,093
Result 2024
€47,364
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,096
Investment
-€8,239
Financing
-€3,647
Cash 2023
€17,029
From operations (derived)
+€13,096
Net result for the year
+€47,364
Depreciation
+€12,800
Receivables within one year
+€30,634
Deferred charges and accrued income
-€10,353
Trade debts
-€82,834
Tax, wage and social debts
+€15,485
Investment (derived)
-€8,239
Investment in fixed assets (net)
-€8,239
Financing
-€3,647
Debts after one year
-€3,742
Current portion of long-term debt
+€95
Cash 2024
€18,239
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €541,282 | €517,650 | -€23,632 | -4.4% |
| Fixed assets | 21/28 | €141,225 | €136,664 | -€4,561 | -3.2% |
| Tangible fixed assets | 22/27 | €140,525 | €135,964 | -€4,561 | -3.2% |
| Land and buildings | 22 | €119,193 | €116,162 | -€3,031 | -2.5% |
| Plant, machinery and equipment | 23 | €20,702 | €13,778 | -€6,924 | -33.4% |
| Furniture and vehicles | 24 | €630 | €6,024 | +€5,394 | +856% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €400,057 | €380,986 | -€19,071 | -4.8% |
| Amounts receivable within one year | 40/41 | €375,705 | €345,071 | -€30,634 | -8.2% |
| Trade receivables | 40 | €323,097 | €296,801 | -€26,296 | -8.1% |
| Other amounts receivable | 41 | €52,608 | €48,270 | -€4,338 | -8.2% |
| Cash at bank and in hand | 54/58 | €17,029 | €18,239 | +€1,210 | +7.1% |
| Deferred charges and accrued income | 490/1 | €7,323 | €17,676 | +€10,353 | +141% |
| Total equity and liabilities | 10/49 | €541,282 | €517,650 | -€23,632 | -4.4% |
| Equity | 10/15 | €159,791 | €207,155 | +€47,364 | +29.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,731 | €199,095 | +€47,364 | +31.2% |
| Amounts payable | 17/49 | €381,491 | €310,495 | -€70,996 | -18.6% |
| Amounts payable after more than one year | 17 | €129,211 | €125,469 | -€3,742 | -2.9% |
| Financial debts | 170/4 | €129,211 | €125,469 | -€3,742 | -2.9% |
| Amounts payable within one year | 42/48 | €252,280 | €185,026 | -€67,254 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €3,742 | +€95 | +2.6% |
| Trade debts | 44 | €235,715 | €152,881 | -€82,834 | -35.1% |
| Suppliers | 440/4 | €235,715 | €152,881 | -€82,834 | -35.1% |
| Taxes, remuneration and social security | 45 | €12,918 | €28,403 | +€15,485 | +120% |
| Taxes | 450/3 | €6,539 | €13,606 | +€7,067 | +108% |
| Remuneration and social security | 454/9 | €6,379 | €14,797 | +€8,418 | +132% |
| Remuneration, social security and pensions | 62 | €10,891 | €10,752 | -€139 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,271 | €12,800 | -€13,471 | -51.3% |
| Other operating charges | 640/8 | €4,517 | €5,450 | +€933 | +20.7% |
| Gross operating margin | 9900 | -€21,301 | €102,611 | +€123,912 | |
| Operating profit (loss) | 9901 | -€62,980 | €73,609 | +€136,589 | |
| Financial income | 75/76B | €49,795 | €2,840 | -€46,955 | -94.3% |
| Recurring financial income | 75 | €2,622 | €2,840 | +€218 | +8.3% |
| Non-recurring financial income | 76B | €47,173 | - | -€47,173 | |
| Financial charges | 65/66B | €8,325 | €18,970 | +€10,645 | +128% |
| Recurring financial charges | 65 | €8,325 | €18,970 | +€10,645 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€21,510 | €57,479 | +€78,989 | |
| Income taxes | 67/77 | €22 | €10,115 | +€10,093 | +45,877% |
| Profit (loss) for the period | 9904 | -€21,532 | €47,364 | +€68,896 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,532 | €47,364 | +€68,896 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.