NAVY BLACK: what changed
What changed
NAVY BLACK
NACE 20.420, Manufacture of chemicals and chemical products
filed annual accounts (NBB)
Net result for the year
-€15,198
2024 · -€21,376+€6,178
Equity
-€178,615
2024 · -€163,417-€15,198
Cash
€1,293
2024 · €103+€1,190
Balance sheet total
€149,241
2024 · €136,504+€12,737
Largest movements
Assets
- Stocks and contracts +€11,624
up €11,624 (+16.8%), from €69,042 to €80,666
- Receivables within one year -€4,477
down €4,477 (-14.0%), from €32,060 to €27,583
of which Trade receivables: -€5,924
- Intangible fixed assets +€4,400
up €4,400 (+22.7%), from €19,373 to €23,773
Equity and liabilities
- Short-term financial debts +€21,528
up €21,528 (+7.2%), from €299,487 to €321,015
- Profit (loss) carried forward -€15,198
down €15,198 (-8.3%), from -€182,467 to -€197,665
- Trade debts +€6,631
up €6,631 (+3,157%), from €210 to €6,841
Income statement
- Gross operating margin +€6,428
up €6,428 (+30.5%), from -€21,094 to -€14,666
- Other operating charges +€255
up €255 (+109%), from €234 to €489
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
-€21,376
Gross operating margin
+€6,428
Other operating charges
-€255
Financial income
+€3
Financial charges
+€2
Result 2025
-€15,198
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
-€15,938
Investment
-€4,400
Financing
+€21,528
Cash 2024
€103
From operations (derived)
-€15,938
Net result for the year
-€15,198
Stocks and contracts
-€11,624
Receivables within one year
+€4,477
Trade debts
+€6,631
Tax, wage and social debts
-€224
Investment (derived)
-€4,400
Investment in fixed assets (net)
-€4,400
Financing
+€21,528
Short-term financial debts
+€21,528
Cash 2025
€1,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,504 | €149,241 | +€12,737 | +9.3% |
| Fixed assets | 21/28 | €35,298 | €39,698 | +€4,400 | +12.5% |
| Intangible fixed assets | 21 | €19,373 | €23,773 | +€4,400 | +22.7% |
| Tangible fixed assets | 22/27 | €15,926 | €15,926 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,446 | €12,446 | = | 0.0% |
| Furniture and vehicles | 24 | €3,480 | €3,480 | = | 0.0% |
| Current assets | 29/58 | €101,205 | €109,542 | +€8,337 | +8.2% |
| Stocks and contracts in progress | 3 | €69,042 | €80,666 | +€11,624 | +16.8% |
| Stocks | 30/36 | €69,042 | €80,666 | +€11,624 | +16.8% |
| Amounts receivable within one year | 40/41 | €32,060 | €27,583 | -€4,477 | -14.0% |
| Trade receivables | 40 | €14,882 | €8,958 | -€5,924 | -39.8% |
| Other amounts receivable | 41 | €17,179 | €18,625 | +€1,447 | +8.4% |
| Cash at bank and in hand | 54/58 | €103 | €1,293 | +€1,190 | +1,152% |
| Total equity and liabilities | 10/49 | €136,504 | €149,241 | +€12,737 | +9.3% |
| Equity | 10/15 | -€163,417 | -€178,615 | -€15,198 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450 | €450 | = | 0.0% |
| Distributable reserves | 133 | €450 | €450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,467 | -€197,665 | -€15,198 | -8.3% |
| Amounts payable | 17/49 | €299,921 | €327,856 | +€27,935 | +9.3% |
| Amounts payable within one year | 42/48 | €299,921 | €327,856 | +€27,935 | +9.3% |
| Financial debts | 43 | €299,487 | €321,015 | +€21,528 | +7.2% |
| Credit institutions | 430/8 | €299,487 | €321,015 | +€21,528 | +7.2% |
| Trade debts | 44 | €210 | €6,841 | +€6,631 | +3,157% |
| Suppliers | 440/4 | €210 | €6,841 | +€6,631 | +3,157% |
| Taxes, remuneration and social security | 45 | €224 | - | -€224 | |
| Taxes | 450/3 | €224 | - | -€224 | |
| Other operating charges | 640/8 | €234 | €489 | +€255 | +109% |
| Gross operating margin | 9900 | -€21,094 | -€14,666 | +€6,428 | +30.5% |
| Operating profit (loss) | 9901 | -€21,329 | -€15,155 | +€6,173 | +28.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €47 | €46 | -€2 | -3.2% |
| Recurring financial charges | 65 | €47 | €46 | -€2 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,376 | -€15,198 | +€6,178 | +28.9% |
| Profit (loss) for the period | 9904 | -€21,376 | -€15,198 | +€6,178 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,376 | -€15,198 | +€6,178 | +28.9% |
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 2 November 2026 via checked.be.