NARVICK: 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.
NARVICK
Largest movements
- Tangible fixed assets +€26,501
up €26,501 (+2156.7%), from €1,229 to €27,730
of which Furniture and vehicles: +€26,641
- Cash -€16,425
down €16,425 (-37.7%), from €43,562 to €27,137
mainly Investment in fixed assets (net) (-€27,634) and Receivables within one year (-€3,549)
- Receivables within one year +€3,549
up €3,549 (+173.0%), from €2,051 to €5,600
of which Other amounts receivable: +€2,938
- Deferred charges and accrued income +€1,574
new in 2025: €1,574
- Profit (loss) carried forward +€14,200
up €14,200, from -€4,306 to €9,895
- Tax, wage and social debts +€693
up €693 (+131.7%), from €526 to €1,218
- Gross operating margin +€18,494
up €18,494 (+1338.5%), from €1,382 to €19,876
- Taxes +€3,705
up €3,705 (+28745.7%), from €13 to €3,718
- Depreciation +€333
up €333 (+41.6%), from €800 to €1,133
- Other operating charges +€286
up €286 (+73.9%), from €387 to €674
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.
Cash bridge derived
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 | €47,192 | €62,391 | +€15,199 | +32.2% |
| Fixed assets | 21/28 | €1,579 | €28,080 | +€26,501 | +1678.6% |
| Tangible fixed assets | 22/27 | €1,229 | €27,730 | +€26,501 | +2156.7% |
| Plant, machinery and equipment | 23 | €140 | - | -€140 | |
| Furniture and vehicles | 24 | €1,089 | €27,730 | +€26,641 | +2447.3% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €45,613 | €34,311 | -€11,302 | -24.8% |
| Amounts receivable within one year | 40/41 | €2,051 | €5,600 | +€3,549 | +173.0% |
| Trade receivables | 40 | €2,051 | €2,662 | +€611 | +29.8% |
| Other amounts receivable | 41 | - | €2,938 | +€2,938 | |
| Cash at bank and in hand | 54/58 | €43,562 | €27,137 | -€16,425 | -37.7% |
| Deferred charges and accrued income | 490/1 | - | €1,574 | +€1,574 | |
| Total equity and liabilities | 10/49 | €47,192 | €62,391 | +€15,199 | +32.2% |
| Equity | 10/15 | €45,694 | €59,895 | +€14,200 | +31.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,306 | €9,895 | +€14,200 | |
| Amounts payable | 17/49 | €1,498 | €2,496 | +€999 | +66.7% |
| Amounts payable within one year | 42/48 | €1,498 | €2,496 | +€999 | +66.7% |
| Trade debts | 44 | €765 | €1,266 | +€501 | +65.5% |
| Suppliers | 440/4 | €765 | €1,266 | +€501 | +65.5% |
| Taxes, remuneration and social security | 45 | €526 | €1,218 | +€693 | +131.7% |
| Taxes | 450/3 | €526 | €1,218 | +€693 | +131.7% |
| Other amounts payable | 47/48 | €207 | €13 | -€195 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €1,133 | +€333 | +41.6% |
| Other operating charges | 640/8 | €387 | €674 | +€286 | +73.9% |
| Gross operating margin | 9900 | €1,382 | €19,876 | +€18,494 | +1338.5% |
| Operating profit (loss) | 9901 | €194 | €18,069 | +€17,875 | +9207.5% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €59 | €17,919 | +€17,860 | +30203.9% |
| Income taxes | 67/77 | €13 | €3,718 | +€3,705 | +28745.7% |
| Profit (loss) for the period | 9904 | €46 | €14,200 | +€14,154 | +30610.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46 | €14,200 | +€14,154 | +30610.3% |
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 9 October 2026 via checked.be.