NAVYLYS: what changed
What changed
NAVYLYS
NACE 26.520, Manufacture of computer, electronic and optical products
filed annual accounts (NBB)
Net result for the year
€61,459
2024 · €14,951+€46,508
Equity
€184,191
2024 · €113,974+€70,217
Cash
€62,623
2024 · €93,717-€31,094
Balance sheet total
€696,649
2024 · €735,845-€39,196
Largest movements
Assets
- Receivables within one year -€60,121
down €60,121 (-25.0%), from €240,742 to €180,621
of which Trade receivables: -€63,692
- Intangible fixed assets +€32,216
up €32,216 (+26.0%), from €123,950 to €156,166
- Cash -€31,094
down €31,094 (-33.2%), from €93,717 to €62,623
mainly Investment in fixed assets (net) (-€76,975) and Trade debts (-€56,135)
- Stocks and contracts +€26,127
up €26,127 (+10.3%), from €253,985 to €280,112
Equity and liabilities
- Profit (loss) carried forward +€61,459
up €61,459 (+109%), from €56,335 to €117,795
- Trade debts -€56,135
down €56,135 (-33.6%), from €166,987 to €110,852
- Debts after one year -€41,610
down €41,610 (-24.8%), from €167,518 to €125,908
of which Financial debts: -€41,610
- Other debts -€24,349
down €24,349 (-27.6%), from €88,147 to €63,798
- Tax, wage and social debts +€10,205
up €10,205 (+29.7%), from €34,316 to €44,521
of which Remuneration and social security: +€10,247
Income statement
- Gross operating margin +€101,816
up €101,816 (+92.5%), from €110,072 to €211,888
- Staff costs +€36,627
up €36,627 (+272%), from €13,444 to €50,071
- Write-downs +€12,276
up €12,276 (+152%), from €8,070 to €20,346
- Financial charges -€11,431
down €11,431 (-33.4%), from €34,257 to €22,826
- Depreciation +€10,062
up €10,062 (+26.3%), from €38,318 to €48,379
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
€14,951
Gross operating margin
+€101,816
Staff costs
-€36,627
Depreciation
-€10,062
Write-downs
-€12,276
Other operating charges
+€295
Other operating items
-€471
Financial income
+€2,278
Financial charges
+€11,431
Taxes
-€9,877
Result 2025
€61,459
raises the resultlowers the resultnot broken down further in the accounts
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
+€72,757
Investment
-€76,975
Financing
-€26,876
Cash 2024
€93,717
From operations (derived)
+€72,757
Net result for the year
+€61,459
Depreciation
+€48,379
Stocks and contracts
-€26,127
Receivables within one year
+€60,121
Deferred charges and accrued income
+€2,704
Trade debts
-€56,135
Tax, wage and social debts
+€10,205
Other debts
-€24,349
Accrued charges and deferred income
-€3,500
Investment (derived)
-€76,975
Investment in fixed assets (net)
-€76,975
Financing
-€26,876
Debts after one year
-€41,610
Current portion of long-term debt
+€5,130
Short-term financial debts
+€847
Contributions, distributions and other
+€8,757
Cash 2025
€62,623
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €735,845 | €696,649 | -€39,196 | -5.3% |
| Fixed assets | 21/28 | €137,652 | €166,248 | +€28,596 | +20.8% |
| Intangible fixed assets | 21 | €123,950 | €156,166 | +€32,216 | +26.0% |
| Tangible fixed assets | 22/27 | €13,702 | €10,082 | -€3,620 | -26.4% |
| Plant, machinery and equipment | 23 | €10,907 | €8,639 | -€2,268 | -20.8% |
| Furniture and vehicles | 24 | €2,795 | €1,443 | -€1,352 | -48.4% |
| Current assets | 29/58 | €598,193 | €530,400 | -€67,792 | -11.3% |
| Stocks and contracts in progress | 3 | €253,985 | €280,112 | +€26,127 | +10.3% |
| Stocks | 30/36 | €253,985 | €280,112 | +€26,127 | +10.3% |
| Amounts receivable within one year | 40/41 | €240,742 | €180,621 | -€60,121 | -25.0% |
| Trade receivables | 40 | €220,141 | €156,449 | -€63,692 | -28.9% |
| Other amounts receivable | 41 | €20,602 | €24,173 | +€3,571 | +17.3% |
| Cash at bank and in hand | 54/58 | €93,717 | €62,623 | -€31,094 | -33.2% |
| Deferred charges and accrued income | 490/1 | €9,748 | €7,044 | -€2,704 | -27.7% |
| Total equity and liabilities | 10/49 | €735,845 | €696,649 | -€39,196 | -5.3% |
| Equity | 10/15 | €113,974 | €184,191 | +€70,217 | +61.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,335 | €117,795 | +€61,459 | +109% |
| Investment grants | 15 | €37,228 | €45,986 | +€8,757 | +23.5% |
| Amounts payable | 17/49 | €621,871 | €512,458 | -€109,413 | -17.6% |
| Amounts payable after more than one year | 17 | €167,518 | €125,908 | -€41,610 | -24.8% |
| Financial debts | 170/4 | €117,518 | €75,908 | -€41,610 | -35.4% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €450,852 | €386,550 | -€64,302 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €159,079 | €164,209 | +€5,130 | +3.2% |
| Financial debts | 43 | €2,323 | €3,170 | +€847 | +36.4% |
| Credit institutions | 430/8 | €2,323 | €3,170 | +€847 | +36.4% |
| Trade debts | 44 | €166,987 | €110,852 | -€56,135 | -33.6% |
| Suppliers | 440/4 | €166,987 | €110,852 | -€56,135 | -33.6% |
| Taxes, remuneration and social security | 45 | €34,316 | €44,521 | +€10,205 | +29.7% |
| Taxes | 450/3 | €32,233 | €32,190 | -€42 | -0.1% |
| Remuneration and social security | 454/9 | €2,084 | €12,331 | +€10,247 | +492% |
| Other amounts payable | 47/48 | €88,147 | €63,798 | -€24,349 | -27.6% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Non-recurring operating income | 76A | €0 | €1,682 | +€1,682 | |
| Remuneration, social security and pensions | 62 | €13,444 | €50,071 | +€36,627 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,318 | €48,379 | +€10,062 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,070 | €20,346 | +€12,276 | +152% |
| Other operating charges | 640/8 | €1,438 | €1,143 | -€295 | -20.5% |
| Non-recurring operating charges | 66A | €20 | €492 | +€471 | +2,332% |
| Gross operating margin | 9900 | €110,072 | €211,888 | +€101,816 | +92.5% |
| Operating profit (loss) | 9901 | €48,782 | €91,457 | +€42,675 | +87.5% |
| Financial income | 75/76B | €7,322 | €9,600 | +€2,278 | +31.1% |
| Recurring financial income | 75 | €7,322 | €9,600 | +€2,278 | +31.1% |
| Financial charges | 65/66B | €34,257 | €22,826 | -€11,431 | -33.4% |
| Recurring financial charges | 65 | €34,257 | €22,826 | -€11,431 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €21,847 | €78,232 | +€56,385 | +258% |
| Income taxes | 67/77 | €6,896 | €16,772 | +€9,877 | +143% |
| Profit (loss) for the period | 9904 | €14,951 | €61,459 | +€46,508 | +311% |
| Profit (loss) for the period to be appropriated | 9905 | €14,951 | €61,459 | +€46,508 | +311% |
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 6 November 2026 via checked.be.