Nagasha Immo: 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.
Nagasha Immo
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+1,105%), from €105,000 to €1.3m
of which Land and buildings: +€1.2m
- Cash +€25,675
up €25,675 (+6,242%), from €411 to €26,086
mainly Debts after one year (+€861,480) and Other debts (+€321,921)
- Stocks and contracts -€20,545
down €20,545 (-19.6%), from €105,045 to €84,500
- Debts after one year +€861,480
new in 2025: €861,480
- Other debts +€321,921
up €321,921 (+156%), from €206,083 to €528,005
- Profit (loss) carried forward -€62,767
down €62,767, from €49,025 to -€13,743
- Current portion of long-term debt +€33,292
new in 2025: €33,292
- Gross operating margin -€60,035
down €60,035 (-59.8%), from €100,456 to €40,421
- Depreciation +€47,591
new in 2025: €47,591
- Financial charges +€27,685
up €27,685 (+18,414%), from €150 to €27,836
- Other operating charges +€6,857
up €6,857 (+1,770%), from €387 to €7,244
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 | €278,334 | €1,432,989 | +€1.2m | +415% |
| Fixed assets | 21/28 | €105,000 | €1,265,345 | +€1.2m | +1,105% |
| Tangible fixed assets | 22/27 | €105,000 | €1,265,345 | +€1.2m | +1,105% |
| Land and buildings | 22 | - | €1,152,720 | +€1.2m | |
| Leasing and similar rights | 25 | - | €112,625 | +€112,625 | |
| Assets under construction and advance payments | 27 | €105,000 | - | -€105,000 | |
| Current assets | 29/58 | €173,334 | €167,645 | -€5,689 | -3.3% |
| Stocks and contracts in progress | 3 | €105,045 | €84,500 | -€20,545 | -19.6% |
| Stocks | 30/36 | €105,045 | €84,500 | -€20,545 | -19.6% |
| Amounts receivable within one year | 40/41 | €67,877 | €56,665 | -€11,213 | -16.5% |
| Trade receivables | 40 | €67,877 | €46,795 | -€21,082 | -31.1% |
| Other amounts receivable | 41 | - | €9,869 | +€9,869 | |
| Cash at bank and in hand | 54/58 | €411 | €26,086 | +€25,675 | +6,242% |
| Deferred charges and accrued income | 490/1 | - | €394 | +€394 | |
| Total equity and liabilities | 10/49 | €278,334 | €1,432,989 | +€1.2m | +415% |
| Equity | 10/15 | €71,525 | €8,757 | -€62,767 | -87.8% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,025 | -€13,743 | -€62,767 | |
| Amounts payable | 17/49 | €206,809 | €1,424,232 | +€1.2m | +589% |
| Amounts payable after more than one year | 17 | - | €861,480 | +€861,480 | |
| Financial debts | 170/4 | - | €861,480 | +€861,480 | |
| Amounts payable within one year | 42/48 | €206,809 | €562,752 | +€355,943 | +172% |
| Current portion of amounts payable after more than one year | 42 | - | €33,292 | +€33,292 | |
| Trade debts | 44 | €726 | €1,455 | +€729 | +100% |
| Suppliers | 440/4 | €726 | €1,455 | +€729 | +100% |
| Other amounts payable | 47/48 | €206,083 | €528,005 | +€321,921 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €47,591 | +€47,591 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,545 | €20,545 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €7,244 | +€6,857 | +1,770% |
| Gross operating margin | 9900 | €100,456 | €40,421 | -€60,035 | -59.8% |
| Operating profit (loss) | 9901 | €79,523 | -€34,959 | -€114,483 | |
| Financial income | 75/76B | €5 | €27 | +€23 | +510% |
| Recurring financial income | 75 | €5 | €27 | +€23 | +510% |
| Financial charges | 65/66B | €150 | €27,836 | +€27,685 | +18,414% |
| Recurring financial charges | 65 | €150 | €27,836 | +€27,685 | +18,414% |
| Profit (loss) for the period before taxes | 9903 | €79,378 | -€62,767 | -€142,145 | |
| Profit (loss) for the period | 9904 | €79,378 | -€62,767 | -€142,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,378 | -€62,767 | -€142,145 |
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 27 October 2026 via checked.be.