NAVIBRO: what changed
NAVIBRO
Largest movements
- Tangible fixed assets -€20,853
down €20,853 (-8.2%), from €254,160 to €233,307
of which Land and buildings: -€14,528
- Cash -€14,565
down €14,565 (-15.1%), from €96,311 to €81,747
mainly Net result for the year (-€23,668) and Investment in fixed assets (net) (-€9,000)
- Financial fixed assets +€9,000
up €9,000 (+3.6%), from €250,190 to €259,190
- Profit (loss) carried forward -€23,668
down €23,668 (-9.7%), from €245,113 to €221,445
- Gross operating margin -€4,472
down €4,472, from €3,195 to -€1,278
- Depreciation -€176
down €176 (-0.8%), from €21,028 to €20,853
- Financial charges -€90
down €90 (-75.0%), from €120 to €30
- Financial income +€46
up €46 (+3.0%), from €1,510 to €1,555
- Other operating charges +€34
up €34 (+1.1%), from €3,030 to €3,063
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €625,803 | €603,140 | -€22,663 | -3.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €504,350 | €492,498 | -€11,853 | -2.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €254,160 | €233,307 | -€20,853 | -8.2% |
| Land and buildings | 22 | €215,927 | €201,399 | -€14,528 | -6.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €38,233 | €31,909 | -€6,324 | -16.5% |
| Financial fixed assets | 28 | €250,190 | €259,190 | +€9,000 | +3.6% |
| Current assets | 29/58 | €121,453 | €110,643 | -€10,810 | -8.9% |
| Amounts receivable within one year | 40/41 | €25,142 | €28,896 | +€3,754 | +14.9% |
| Other amounts receivable | 41 | €25,142 | €28,896 | +€3,754 | +14.9% |
| Cash at bank and in hand | 54/58 | €96,311 | €81,747 | -€14,565 | -15.1% |
| Total equity and liabilities | 10/49 | €625,803 | €603,140 | -€22,663 | -3.6% |
| Equity | 10/15 | €625,726 | €602,058 | -€23,668 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,013 | €362,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €360,153 | €360,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,113 | €221,445 | -€23,668 | -9.7% |
| Amounts payable | 17/49 | €78 | €1,083 | +€1,005 | +1,297% |
| Amounts payable within one year | 42/48 | €78 | €1,083 | +€1,005 | +1,297% |
| Trade debts | 44 | €78 | €1,083 | +€1,005 | +1,297% |
| Suppliers | 440/4 | €78 | €1,083 | +€1,005 | +1,297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,028 | €20,853 | -€176 | -0.8% |
| Other operating charges | 640/8 | €3,030 | €3,063 | +€34 | +1.1% |
| Gross operating margin | 9900 | €3,195 | -€1,278 | -€4,472 | |
| Operating profit (loss) | 9901 | -€20,863 | -€25,194 | -€4,330 | -20.8% |
| Financial income | 75/76B | €1,510 | €1,555 | +€46 | +3.0% |
| Recurring financial income | 75 | €1,510 | €1,555 | +€46 | +3.0% |
| Financial charges | 65/66B | €120 | €30 | -€90 | -75.0% |
| Recurring financial charges | 65 | €120 | €30 | -€90 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,474 | -€23,668 | -€4,195 | -21.5% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€19,475 | -€23,668 | -€4,194 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,475 | -€23,668 | -€4,194 | -21.5% |
Next steps
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 3 November 2026 via checked.be.