NAGUI HOLDING: what changed
What changed
NAGUI HOLDING
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€57,098
2024 · -€33,314-€23,784
Equity
€760,688
2024 · €817,786-€57,098
Cash
€28,573
2024 · €48,613-€20,040
Balance sheet total
€1.2m
2024 · €1.2m-€91,704
Largest movements
Assets
- Receivables within one year -€36,278
down €36,278 (-44.9%), from €80,779 to €44,501
of which Trade receivables: -€62,844
- Tangible fixed assets -€35,424
down €35,424 (-3.3%), from €1.1m to €1.0m
of which Land and buildings: -€32,615
- Cash -€20,040
down €20,040 (-41.2%), from €48,613 to €28,573
mainly Net result for the year (-€57,098) and Debts after one year (-€20,036)
Equity and liabilities
- Profit (loss) carried forward -€34,765
down €34,765 (-19.0%), from €183,105 to €148,340
- Reserves -€22,333
down €22,333 (-4.6%), from €490,681 to €468,348
of which Tax-exempt reserves: -€22,333
- Debts after one year -€20,036
down €20,036 (-9.3%), from €215,638 to €195,602
Income statement
- Taxes -€23,903
down €23,903 (-100%), from €23,903 to €0
- Provisions +€21,976
new in 2025: €21,976
- Gross operating margin +€6,129
up €6,129, from -€4,918 to €1,211
- Other operating charges +€999
up €999 (+43.6%), from €2,289 to €3,288
- Depreciation +€315
up €315 (+0.8%), from €37,331 to €37,646
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.
Result 2024
-€33,314
Gross operating margin
+€6,129
Depreciation
-€315
Provisions
-€21,976
Other operating charges
-€999
Financial income
-€107
Financial charges
+€206
Taxes
+€23,903
Deferred taxes and other
-€30,625
Result 2025
-€57,098
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1,864
Investment
-€2,222
Financing
-€19,682
Cash 2024
€48,613
From operations (derived)
+€1,864
Net result for the year
-€57,098
Depreciation
+€37,646
Receivables within one year
+€36,278
Smaller working-capital items
-€151
Provisions
-€7,444
Trade debts
-€6,183
Other debts
-€1,183
Investment (derived)
-€2,222
Investment in fixed assets (net)
-€2,222
Financing
-€19,682
Debts after one year
-€20,036
Current portion of long-term debt
+€353
Cash 2025
€28,573
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,245,506 | €1,153,801 | -€91,704 | -7.4% |
| Fixed assets | 21/28 | €1,064,771 | €1,029,347 | -€35,424 | -3.3% |
| Tangible fixed assets | 22/27 | €1,064,771 | €1,029,347 | -€35,424 | -3.3% |
| Land and buildings | 22 | €1,058,506 | €1,025,892 | -€32,615 | -3.1% |
| Plant, machinery and equipment | 23 | €5,812 | €3,365 | -€2,447 | -42.1% |
| Furniture and vehicles | 24 | €453 | €90 | -€362 | -80.0% |
| Current assets | 29/58 | €180,735 | €124,454 | -€56,281 | -31.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,779 | €44,501 | -€36,278 | -44.9% |
| Trade receivables | 40 | €62,844 | €0 | -€62,844 | -100% |
| Other amounts receivable | 41 | €17,935 | €44,501 | +€26,566 | +148% |
| Cash at bank and in hand | 54/58 | €48,613 | €28,573 | -€20,040 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,342 | €1,379 | +€37 | +2.8% |
| Total equity and liabilities | 10/49 | €1,245,506 | €1,153,801 | -€91,704 | -7.4% |
| Equity | 10/15 | €817,786 | €760,688 | -€57,098 | -7.0% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €490,681 | €468,348 | -€22,333 | -4.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €464,856 | €442,523 | -€22,333 | -4.8% |
| Distributable reserves | 133 | €25,825 | €25,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,105 | €148,340 | -€34,765 | -19.0% |
| Provisions and deferred taxes | 16 | €154,952 | €147,508 | -€7,444 | -4.8% |
| Deferred taxes | 168 | €154,952 | €147,508 | -€7,444 | -4.8% |
| Amounts payable | 17/49 | €272,767 | €245,605 | -€27,162 | -10.0% |
| Amounts payable after more than one year | 17 | €215,638 | €195,602 | -€20,036 | -9.3% |
| Financial debts | 170/4 | €215,638 | €195,602 | -€20,036 | -9.3% |
| Amounts payable within one year | 42/48 | €57,129 | €50,003 | -€7,126 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €19,682 | €20,036 | +€353 | +1.8% |
| Trade debts | 44 | €12,247 | €6,065 | -€6,183 | -50.5% |
| Suppliers | 440/4 | €12,247 | €6,065 | -€6,183 | -50.5% |
| Taxes, remuneration and social security | 45 | €24,017 | €23,903 | -€114 | -0.5% |
| Taxes | 450/3 | €24,017 | €23,903 | -€114 | -0.5% |
| Other amounts payable | 47/48 | €1,183 | €0 | -€1,183 | -100% |
| Non-recurring operating income | 76A | €7,778 | €0 | -€7,778 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,331 | €37,646 | +€315 | +0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €21,976 | +€21,976 | |
| Other operating charges | 640/8 | €2,289 | €3,288 | +€999 | +43.6% |
| Gross operating margin | 9900 | -€4,918 | €1,211 | +€6,129 | |
| Operating profit (loss) | 9901 | -€44,538 | -€61,699 | -€17,161 | -38.5% |
| Financial income | 75/76B | €1,441 | €1,334 | -€107 | -7.4% |
| Recurring financial income | 75 | €1,441 | €1,334 | -€107 | -7.4% |
| Financial charges | 65/66B | €4,383 | €4,177 | -€206 | -4.7% |
| Recurring financial charges | 65 | €4,383 | €4,177 | -€206 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,480 | -€64,543 | -€17,062 | -35.9% |
| Transfer from deferred taxes | 780 | €38,069 | €7,444 | -€30,625 | -80.4% |
| Income taxes | 67/77 | €23,903 | €0 | -€23,903 | -100% |
| Profit (loss) for the period | 9904 | -€33,314 | -€57,098 | -€23,784 | -71.4% |
| Transfer from tax-exempt reserves | 789 | €114,207 | €22,333 | -€91,874 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,893 | -€34,765 | -€115,659 |
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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 5 November 2026 via checked.be.