Immo Narviflex: 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.
Immo Narviflex
Largest movements
- Tangible fixed assets -€207,695
down €207,695 (-6.0%), from €3.5m to €3.3m
- Debts after one year -€271,667
down €271,667 (-13.2%), from €2.1m to €1.8m
- Profit (loss) carried forward +€149,433
up €149,433 (+16.1%), from €927,298 to €1.1m
- Other debts -€91,754
down €91,754 (-99.8%), from €91,955 to €201
- Accrued charges and deferred income -€51,406
down €51,406 (-75.3%), from €68,238 to €16,833
- Financial charges -€42,260
down €42,260 (-32.8%), from €129,022 to €86,761
- Gross operating margin +€18,251
up €18,251 (+3.7%), from €499,922 to €518,173
- Taxes +€14,512
up €14,512 (+41.1%), from €35,299 to €49,811
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 | €3,544,888 | €3,289,616 | -€255,272 | -7.2% |
| Fixed assets | 21/28 | €3,459,608 | €3,251,913 | -€207,695 | -6.0% |
| Tangible fixed assets | 22/27 | €3,459,358 | €3,251,663 | -€207,695 | -6.0% |
| Land and buildings | 22 | €3,459,358 | €3,251,663 | -€207,695 | -6.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €85,280 | €37,703 | -€47,577 | -55.8% |
| Amounts receivable within one year | 40/41 | €19,303 | €4,790 | -€14,513 | -75.2% |
| Other amounts receivable | 41 | €19,303 | €4,790 | -€14,513 | -75.2% |
| Cash at bank and in hand | 54/58 | €65,977 | €32,913 | -€33,064 | -50.1% |
| Total equity and liabilities | 10/49 | €3,544,888 | €3,289,616 | -€255,272 | -7.2% |
| Equity | 10/15 | €1,118,698 | €1,268,132 | +€149,433 | +13.4% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €17,400 | €17,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,400 | €17,400 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €927,298 | €1,076,732 | +€149,433 | +16.1% |
| Amounts payable | 17/49 | €2,426,190 | €2,021,485 | -€404,705 | -16.7% |
| Amounts payable after more than one year | 17 | €2,050,828 | €1,779,160 | -€271,667 | -13.2% |
| Financial debts | 170/4 | €2,050,828 | €1,779,160 | -€271,667 | -13.2% |
| Amounts payable within one year | 42/48 | €307,124 | €225,492 | -€81,632 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €201,669 | €201,669 | = | 0.0% |
| Financial debts | 43 | €13,447 | €13,392 | -€55 | -0.4% |
| Credit institutions | 430/8 | €13,447 | €13,392 | -€55 | -0.4% |
| Trade debts | 44 | €53 | €422 | +€369 | +701% |
| Suppliers | 440/4 | €53 | €422 | +€369 | +701% |
| Taxes, remuneration and social security | 45 | - | €9,808 | +€9,808 | |
| Taxes | 450/3 | - | €9,808 | +€9,808 | |
| Other amounts payable | 47/48 | €91,955 | €201 | -€91,754 | -99.8% |
| Accrued charges and deferred income | 492/3 | €68,238 | €16,833 | -€51,406 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,319 | €207,695 | +€1,376 | +0.7% |
| Other operating charges | 640/8 | €23,740 | €24,484 | +€744 | +3.1% |
| Gross operating margin | 9900 | €499,922 | €518,173 | +€18,251 | +3.7% |
| Operating profit (loss) | 9901 | €269,862 | €285,994 | +€16,132 | +6.0% |
| Financial income | 75/76B | €8 | €11 | +€3 | +38.2% |
| Recurring financial income | 75 | €8 | €11 | +€3 | +38.2% |
| Financial charges | 65/66B | €129,022 | €86,761 | -€42,260 | -32.8% |
| Recurring financial charges | 65 | €129,022 | €86,761 | -€42,260 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €140,849 | €199,244 | +€58,395 | +41.5% |
| Income taxes | 67/77 | €35,299 | €49,811 | +€14,512 | +41.1% |
| Profit (loss) for the period | 9904 | €105,550 | €149,433 | +€43,883 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,550 | €149,433 | +€43,883 | +41.6% |
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 14 October 2026 via checked.be.