Navru: 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.
Navru
Largest movements
- Receivables within one year +€50,329
up €50,329 (+16.8%), from €299,623 to €349,951
of which Other amounts receivable: +€42,805
- Cash -€13,193
down €13,193 (-98.2%), from €13,435 to €242
mainly Receivables within one year (-€50,329) and Trade debts (-€98)
- Tangible fixed assets -€9,361
down €9,361 (-100%), from €9,361 to €0
of which Furniture and vehicles: -€8,808
- Profit (loss) carried forward +€22,168
up €22,168, from -€20,416 to €1,752
- Financial income -€52,160
down €52,160 (-89.2%), from €58,491 to €6,331
- Depreciation -€7,421
down €7,421 (-44.2%), from €16,782 to €9,361
- Gross operating margin -€5,357
down €5,357 (-11.4%), from €47,138 to €41,781
- Taxes +€1,692
up €1,692 (+13.5%), from €12,513 to €14,204
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 | €409,623 | €435,921 | +€26,299 | +6.4% |
| Fixed assets | 21/28 | €92,887 | €83,526 | -€9,361 | -10.1% |
| Tangible fixed assets | 22/27 | €9,361 | €0 | -€9,361 | -100% |
| Plant, machinery and equipment | 23 | €553 | €0 | -€553 | -100% |
| Furniture and vehicles | 24 | €8,808 | €0 | -€8,808 | -100% |
| Financial fixed assets | 28 | €83,526 | €83,526 | = | 0.0% |
| Current assets | 29/58 | €316,736 | €352,395 | +€35,660 | +11.3% |
| Amounts receivable within one year | 40/41 | €299,623 | €349,951 | +€50,329 | +16.8% |
| Trade receivables | 40 | €11,545 | €19,068 | +€7,523 | +65.2% |
| Other amounts receivable | 41 | €288,078 | €330,883 | +€42,805 | +14.9% |
| Cash at bank and in hand | 54/58 | €13,435 | €242 | -€13,193 | -98.2% |
| Deferred charges and accrued income | 490/1 | €3,678 | €2,202 | -€1,476 | -40.1% |
| Total equity and liabilities | 10/49 | €409,623 | €435,921 | +€26,299 | +6.4% |
| Equity | 10/15 | €406,325 | €428,493 | +€22,168 | +5.5% |
| Contributions | 10/11 | €408,600 | €408,600 | = | 0.0% |
| Reserves | 13 | €18,141 | €18,141 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,043 | €18,043 | = | 0.0% |
| Distributable reserves | 133 | €98 | €98 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,416 | €1,752 | +€22,168 | |
| Amounts payable | 17/49 | €3,298 | €7,429 | +€4,131 | +125% |
| Amounts payable within one year | 42/48 | €3,298 | €7,429 | +€4,131 | +125% |
| Trade debts | 44 | €2,908 | €2,811 | -€98 | -3.4% |
| Suppliers | 440/4 | €2,908 | €2,811 | -€98 | -3.4% |
| Taxes, remuneration and social security | 45 | €389 | €4,618 | +€4,228 | +1,086% |
| Taxes | 450/3 | €389 | €4,618 | +€4,228 | +1,086% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,782 | €9,361 | -€7,421 | -44.2% |
| Other operating charges | 640/8 | €2,190 | €2,180 | -€10 | -0.5% |
| Gross operating margin | 9900 | €47,138 | €41,781 | -€5,357 | -11.4% |
| Operating profit (loss) | 9901 | €28,166 | €30,240 | +€2,075 | +7.4% |
| Financial income | 75/76B | €58,491 | €6,331 | -€52,160 | -89.2% |
| Recurring financial income | 75 | €58,491 | €6,331 | -€52,160 | -89.2% |
| Financial charges | 65/66B | €164 | €199 | +€34 | +20.9% |
| Recurring financial charges | 65 | €164 | €199 | +€34 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €86,492 | €36,372 | -€50,120 | -57.9% |
| Income taxes | 67/77 | €12,513 | €14,204 | +€1,692 | +13.5% |
| Profit (loss) for the period | 9904 | €73,979 | €22,168 | -€51,811 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,979 | €22,168 | -€51,811 | -70.0% |
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.