SP NAVETTE: 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.
SP NAVETTE
Largest movements
- Cash -€7,521
down €7,521 (-72.2%), from €10,424 to €2,903
mainly Net result for the year (-€13,674) and Tax, wage and social debts (-€498)
- Tangible fixed assets -€5,423
down €5,423 (-39.7%), from €13,665 to €8,242
- Profit (loss) carried forward -€13,674
down €13,674 (-3,117%), from -€439 to -€14,113
- Other debts +€1,249
up €1,249 (+7.3%), from €17,136 to €18,385
- Tax, wage and social debts -€498
down €498 (-77.1%), from €646 to €148
- Gross operating margin -€22,378
down €22,378, from €18,866 to -€3,512
- Other operating charges -€4,271
down €4,271 (-72.8%), from €5,865 to €1,594
- Depreciation +€2,892
up €2,892 (+114%), from €2,530 to €5,423
- Taxes -€1,961
down €1,961 (-38.8%), from €5,048 to €3,088
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 | €24,807 | €11,841 | -€12,966 | -52.3% |
| Fixed assets | 21/28 | €13,665 | €8,242 | -€5,423 | -39.7% |
| Tangible fixed assets | 22/27 | €13,665 | €8,242 | -€5,423 | -39.7% |
| Furniture and vehicles | 24 | €13,665 | €8,242 | -€5,423 | -39.7% |
| Current assets | 29/58 | €11,142 | €3,598 | -€7,543 | -67.7% |
| Amounts receivable within one year | 40/41 | €718 | €696 | -€22 | -3.1% |
| Trade receivables | 40 | €360 | €200 | -€160 | -44.4% |
| Other amounts receivable | 41 | €358 | €496 | +€138 | +38.5% |
| Cash at bank and in hand | 54/58 | €10,424 | €2,903 | -€7,521 | -72.2% |
| Total equity and liabilities | 10/49 | €24,807 | €11,841 | -€12,966 | -52.3% |
| Equity | 10/15 | €6,981 | -€6,693 | -€13,674 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,420 | €5,420 | = | 0.0% |
| Distributable reserves | 133 | €5,420 | €5,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439 | -€14,113 | -€13,674 | -3,117% |
| Amounts payable | 17/49 | €17,825 | €18,534 | +€708 | +4.0% |
| Amounts payable within one year | 42/48 | €17,825 | €18,534 | +€708 | +4.0% |
| Trade debts | 44 | €43 | - | -€43 | |
| Suppliers | 440/4 | €43 | - | -€43 | |
| Taxes, remuneration and social security | 45 | €646 | €148 | -€498 | -77.1% |
| Taxes | 450/3 | €646 | €148 | -€498 | -77.1% |
| Other amounts payable | 47/48 | €17,136 | €18,385 | +€1,249 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,530 | €5,423 | +€2,892 | +114% |
| Other operating charges | 640/8 | €5,865 | €1,594 | -€4,271 | -72.8% |
| Non-recurring operating charges | 66A | €5,803 | - | -€5,803 | |
| Gross operating margin | 9900 | €18,866 | -€3,512 | -€22,378 | |
| Operating profit (loss) | 9901 | €4,668 | -€10,528 | -€15,196 | |
| Financial charges | 65/66B | €63 | €58 | -€5 | -7.6% |
| Recurring financial charges | 65 | €63 | €58 | -€5 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €4,605 | -€10,587 | -€15,192 | |
| Income taxes | 67/77 | €5,048 | €3,088 | -€1,961 | -38.8% |
| Profit (loss) for the period | 9904 | -€443 | -€13,674 | -€13,231 | -2,985% |
| Profit (loss) for the period to be appropriated | 9905 | -€443 | -€13,674 | -€13,231 | -2,985% |
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 23 October 2026 via checked.be.