NAXIVAL: 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.
NAXIVAL
Largest movements
- Receivables within one year -€8,742
down €8,742 (-39.4%), from €22,189 to €13,446
of which Trade receivables: -€14,073
- Cash -€3,530
down €3,530 (-3.9%), from €89,441 to €85,911
mainly Contributions, distributions and other (-€101,015) and Tax, wage and social debts (-€24,479)
- Other debts +€47,147
up €47,147 (+306%), from €15,427 to €62,575
- Reserves -€38,441
down €38,441 (-95.4%), from €40,301 to €1,860
of which Distributable reserves: -€38,441
- Tax, wage and social debts -€24,479
down €24,479 (-66.1%), from €37,013 to €12,534
- Trade debts +€4,770
up €4,770 (+192%), from €2,489 to €7,259
- Gross operating margin +€36,596
up €36,596 (+77.7%), from €47,105 to €83,701
- Taxes +€6,508
up €6,508 (+54.3%), from €11,990 to €18,498
- Financial income -€4,077
down €4,077 (-85.0%), from €4,798 to €721
- Depreciation +€901
up €901 (+203%), from €443 to €1,345
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 | €115,435 | €103,402 | -€12,033 | -10.4% |
| Fixed assets | 21/28 | €2,021 | €2,284 | +€263 | +13.0% |
| Tangible fixed assets | 22/27 | €2,021 | €2,284 | +€263 | +13.0% |
| Furniture and vehicles | 24 | €2,021 | €2,284 | +€263 | +13.0% |
| Current assets | 29/58 | €113,414 | €101,118 | -€12,296 | -10.8% |
| Amounts receivable within one year | 40/41 | €22,189 | €13,446 | -€8,742 | -39.4% |
| Trade receivables | 40 | €18,954 | €4,881 | -€14,073 | -74.2% |
| Other amounts receivable | 41 | €3,235 | €8,566 | +€5,331 | +165% |
| Cash at bank and in hand | 54/58 | €89,441 | €85,911 | -€3,530 | -3.9% |
| Deferred charges and accrued income | 490/1 | €1,784 | €1,760 | -€24 | -1.4% |
| Total equity and liabilities | 10/49 | €115,435 | €103,402 | -€12,033 | -10.4% |
| Equity | 10/15 | €58,901 | €20,460 | -€38,441 | -65.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,301 | €1,860 | -€38,441 | -95.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,441 | €0 | -€38,441 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,534 | €82,942 | +€26,408 | +46.7% |
| Amounts payable within one year | 42/48 | €56,495 | €82,942 | +€26,447 | +46.8% |
| Financial debts | 43 | €1,566 | €574 | -€991 | -63.3% |
| Other loans | 439 | €1,566 | €574 | -€991 | -63.3% |
| Trade debts | 44 | €2,489 | €7,259 | +€4,770 | +192% |
| Suppliers | 440/4 | €2,489 | €7,259 | +€4,770 | +192% |
| Taxes, remuneration and social security | 45 | €37,013 | €12,534 | -€24,479 | -66.1% |
| Taxes | 450/3 | €37,013 | €12,534 | -€24,479 | -66.1% |
| Other amounts payable | 47/48 | €15,427 | €62,575 | +€47,147 | +306% |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €1,345 | +€901 | +203% |
| Other operating charges | 640/8 | €905 | €1,656 | +€751 | +83.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €47,105 | €83,701 | +€36,596 | +77.7% |
| Operating profit (loss) | 9901 | €45,757 | €80,700 | +€34,943 | +76.4% |
| Financial income | 75/76B | €4,798 | €721 | -€4,077 | -85.0% |
| Recurring financial income | 75 | €4,798 | €721 | -€4,077 | -85.0% |
| Financial charges | 65/66B | €125 | €348 | +€224 | +179% |
| Recurring financial charges | 65 | €125 | €348 | +€224 | +179% |
| Profit (loss) for the period before taxes | 9903 | €50,431 | €81,073 | +€30,642 | +60.8% |
| Income taxes | 67/77 | €11,990 | €18,498 | +€6,508 | +54.3% |
| Profit (loss) for the period | 9904 | €38,441 | €62,575 | +€24,134 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,441 | €62,575 | +€24,134 | +62.8% |
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 17 October 2026 via checked.be.