NAVIRIS: 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.
NAVIRIS
Largest movements
- Tangible fixed assets +€219,318
up €219,318 (+28.4%), from €772,107 to €991,425
of which Land and buildings: +€196,213
- Current investments +€99,168
up €99,168 (+73.5%), from €135,000 to €234,168
- Receivables within one year -€58,155
down €58,155 (-42.1%), from €138,292 to €80,137
of which Other amounts receivable: -€67,949
- Cash -€41,439
down €41,439 (-72.9%), from €56,824 to €15,384
mainly Investment in fixed assets (net) (-€299,173) and Net result for the year (-€175,368)
- Intangible fixed assets -€21,456
down €21,456 (-30.8%), from €69,741 to €48,286
- Other debts +€212,263
up €212,263 (+454%), from €46,774 to €259,037
- Profit (loss) carried forward -€175,368
down €175,368, from €105,186 to -€70,182
- Debts after one year +€131,629
up €131,629 (+14.4%), from €914,798 to €1.0m
- Current portion of long-term debt +€28,095
up €28,095 (+58.6%), from €47,919 to €76,013
- Tax, wage and social debts +€20,305
up €20,305 (+58.1%), from €34,955 to €55,260
of which Taxes: +€19,358
- Gross operating margin +€30,089
up €30,089 (+27.3%), from €110,016 to €140,105
- Depreciation +€22,528
up €22,528 (+27.0%), from €83,462 to €105,991
- Staff costs +€10,256
up €10,256 (+6.8%), from €151,460 to €161,716
- Financial charges +€8,459
up €8,459 (+21.7%), from €39,046 to €47,505
of which Financial charges: +€5,953
- Financial income +€6,360
up €6,360 (+383%), from €1,660 to €8,019
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 | €1,231,577 | €1,437,607 | +€206,030 | +16.7% |
| Formation expenses | 20 | €21,827 | €17,147 | -€4,680 | -21.4% |
| Fixed assets | 21/28 | €841,849 | €1,039,711 | +€197,862 | +23.5% |
| Intangible fixed assets | 21 | €69,741 | €48,286 | -€21,456 | -30.8% |
| Tangible fixed assets | 22/27 | €772,107 | €991,425 | +€219,318 | +28.4% |
| Land and buildings | 22 | €509,625 | €705,838 | +€196,213 | +38.5% |
| Plant, machinery and equipment | 23 | €210,495 | €237,152 | +€26,657 | +12.7% |
| Furniture and vehicles | 24 | €9,461 | €10,637 | +€1,176 | +12.4% |
| Other tangible fixed assets | 26 | €42,525 | €37,797 | -€4,728 | -11.1% |
| Current assets | 29/58 | €367,901 | €380,749 | +€12,848 | +3.5% |
| Stocks and contracts in progress | 3 | €35,109 | €47,058 | +€11,949 | +34.0% |
| Stocks | 30/36 | €35,109 | €47,058 | +€11,949 | +34.0% |
| Amounts receivable within one year | 40/41 | €138,292 | €80,137 | -€58,155 | -42.1% |
| Trade receivables | 40 | - | €9,793 | +€9,793 | |
| Other amounts receivable | 41 | €138,292 | €70,344 | -€67,949 | -49.1% |
| Current investments | 50/53 | €135,000 | €234,168 | +€99,168 | +73.5% |
| Cash at bank and in hand | 54/58 | €56,824 | €15,384 | -€41,439 | -72.9% |
| Deferred charges and accrued income | 490/1 | €2,676 | €4,002 | +€1,325 | +49.5% |
| Total equity and liabilities | 10/49 | €1,231,577 | €1,437,607 | +€206,030 | +16.7% |
| Equity | 10/15 | €134,829 | -€40,538 | -€175,368 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,043 | €11,043 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,183 | €9,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,186 | -€70,182 | -€175,368 | |
| Amounts payable | 17/49 | €1,096,748 | €1,478,145 | +€381,397 | +34.8% |
| Amounts payable after more than one year | 17 | €914,798 | €1,046,427 | +€131,629 | +14.4% |
| Financial debts | 170/4 | €914,798 | €1,046,427 | +€131,629 | +14.4% |
| Amounts payable within one year | 42/48 | €181,950 | €431,718 | +€249,768 | +137% |
| Current portion of amounts payable after more than one year | 42 | €47,919 | €76,013 | +€28,095 | +58.6% |
| Trade debts | 44 | €33,302 | €41,408 | +€8,105 | +24.3% |
| Suppliers | 440/4 | €33,302 | €41,408 | +€8,105 | +24.3% |
| Advances received on contracts in progress | 46 | €19,000 | - | -€19,000 | |
| Taxes, remuneration and social security | 45 | €34,955 | €55,260 | +€20,305 | +58.1% |
| Taxes | 450/3 | €25,273 | €44,631 | +€19,358 | +76.6% |
| Remuneration and social security | 454/9 | €9,683 | €10,630 | +€947 | +9.8% |
| Other amounts payable | 47/48 | €46,774 | €259,037 | +€212,263 | +454% |
| Non-recurring operating income | 76A | €10,572 | €31,402 | +€20,830 | +197% |
| Remuneration, social security and pensions | 62 | €151,460 | €161,716 | +€10,256 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,462 | €105,991 | +€22,528 | +27.0% |
| Other operating charges | 640/8 | €7,735 | €7,815 | +€80 | +1.0% |
| Operating charges capitalised as restructuring costs | 649 | -€23,400 | - | +€23,400 | |
| Gross operating margin | 9900 | €110,016 | €140,105 | +€30,089 | +27.3% |
| Operating profit (loss) | 9901 | -€109,241 | -€135,416 | -€26,175 | -24.0% |
| Financial income | 75/76B | €1,660 | €8,019 | +€6,360 | +383% |
| Recurring financial income | 75 | €1,660 | €8,019 | +€6,360 | +383% |
| Financial charges | 65/66B | €39,046 | €47,505 | +€8,459 | +21.7% |
| Recurring financial charges | 65 | €39,046 | €44,999 | +€5,953 | +15.2% |
| Non-recurring financial charges | 66B | - | €2,506 | +€2,506 | |
| Profit (loss) for the period before taxes | 9903 | -€146,627 | -€174,902 | -€28,274 | -19.3% |
| Income taxes | 67/77 | €368 | €466 | +€98 | +26.7% |
| Profit (loss) for the period | 9904 | -€146,995 | -€175,368 | -€28,372 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,995 | -€175,368 | -€28,372 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.