navimmo: 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.
navimmo
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-67.8%), from €1.9m to €601,613
of which Other amounts receivable: -€1.3m
- Current investments -€600,000
down €600,000 (-63.1%), from €951,565 to €351,565
- Cash -€82,436
down €82,436 (-31.4%), from €262,449 to €180,013
mainly Accrued charges and deferred income (-€1.7m) and Contributions, distributions and other (-€1.3m)
- Accrued charges and deferred income -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Tax, wage and social debts -€271,501
down €271,501 (-99.5%), from €272,895 to €1,394
- Gross operating margin -€8.4m
down €8.4m (-83.4%), from €10.1m to €1.7m
- Taxes -€2.0m
down €2.0m (-82.7%), from €2.4m to €421,394
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 | €3,085,075 | €1,133,191 | -€2.0m | -63.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €3,085,075 | €1,133,191 | -€2.0m | -63.3% |
| Amounts receivable within one year | 40/41 | €1,871,061 | €601,613 | -€1.3m | -67.8% |
| Trade receivables | 40 | - | €1,146 | +€1,146 | |
| Other amounts receivable | 41 | €1,871,061 | €600,467 | -€1.3m | -67.9% |
| Current investments | 50/53 | €951,565 | €351,565 | -€600,000 | -63.1% |
| Cash at bank and in hand | 54/58 | €262,449 | €180,013 | -€82,436 | -31.4% |
| Total equity and liabilities | 10/49 | €3,085,075 | €1,133,191 | -€2.0m | -63.3% |
| Equity | 10/15 | €1,130,000 | €1,130,000 | = | 0.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €130,000 | €130,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,955,075 | €3,191 | -€2.0m | -99.8% |
| Amounts payable within one year | 42/48 | €276,171 | €3,191 | -€272,979 | -98.8% |
| Financial debts | 43 | €0 | €61 | +€61 | |
| Credit institutions | 430/8 | €0 | €61 | +€61 | |
| Trade debts | 44 | €2,662 | €1,123 | -€1,539 | -57.8% |
| Suppliers | 440/4 | €2,662 | €1,123 | -€1,539 | -57.8% |
| Taxes, remuneration and social security | 45 | €272,895 | €1,394 | -€271,501 | -99.5% |
| Taxes | 450/3 | €272,895 | €1,394 | -€271,501 | -99.5% |
| Other amounts payable | 47/48 | €614 | €614 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,678,904 | €0 | -€1.7m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €23,171 | €1,118 | -€22,052 | -95.2% |
| Gross operating margin | 9900 | €10,053,569 | €1,669,952 | -€8.4m | -83.4% |
| Operating profit (loss) | 9901 | €10,030,398 | €1,668,833 | -€8.4m | -83.4% |
| Financial income | 75/76B | €92,484 | €17,239 | -€75,245 | -81.4% |
| Recurring financial income | 75 | €92,484 | €17,239 | -€75,245 | -81.4% |
| Financial charges | 65/66B | €97,424 | €496 | -€96,928 | -99.5% |
| Recurring financial charges | 65 | €97,424 | €496 | -€96,928 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €10,025,458 | €1,685,576 | -€8.3m | -83.2% |
| Income taxes | 67/77 | €2,439,645 | €421,394 | -€2.0m | -82.7% |
| Profit (loss) for the period | 9904 | €7,585,813 | €1,264,182 | -€6.3m | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,585,813 | €1,264,182 | -€6.3m | -83.3% |
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 30 October 2026 via checked.be.