NASSAU BV: 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.
NASSAU BV
Largest movements
- Tangible fixed assets -€140,059
down €140,059 (-12.4%), from €1.1m to €985,624
of which Land and buildings: -€136,837
- Cash +€21,521
up €21,521 (+42.5%), from €50,659 to €72,180
mainly Depreciation (+€140,059) and Trade debts (+€5,075)
- Debts after one year -€65,545
down €65,545 (-7.4%), from €885,420 to €819,875
- Current portion of long-term debt -€52,347
down €52,347 (-51.8%), from €100,975 to €48,628
- Gross operating margin -€27,803
down €27,803 (-14.2%), from €195,971 to €168,168
- Depreciation -€5,703
down €5,703 (-3.9%), from €145,762 to €140,059
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 | €1,210,394 | €1,094,113 | -€116,281 | -9.6% |
| Fixed assets | 21/28 | €1,125,684 | €985,624 | -€140,059 | -12.4% |
| Tangible fixed assets | 22/27 | €1,125,684 | €985,624 | -€140,059 | -12.4% |
| Land and buildings | 22 | €1,116,378 | €979,542 | -€136,837 | -12.3% |
| Plant, machinery and equipment | 23 | €2,373 | €1,592 | -€781 | -32.9% |
| Furniture and vehicles | 24 | €6,932 | €4,490 | -€2,441 | -35.2% |
| Current assets | 29/58 | €84,711 | €108,489 | +€23,778 | +28.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €29,976 | €33,020 | +€3,044 | +10.2% |
| Trade receivables | 40 | €29,976 | €33,020 | +€3,044 | +10.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €50,659 | €72,180 | +€21,521 | +42.5% |
| Deferred charges and accrued income | 490/1 | €4,076 | €3,289 | -€787 | -19.3% |
| Total equity and liabilities | 10/49 | €1,210,394 | €1,094,113 | -€116,281 | -9.6% |
| Equity | 10/15 | €195,957 | €193,591 | -€2,365 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €409,968 | €409,968 | = | 0.0% |
| Reserves | 13 | €62,056 | €62,056 | = | 0.0% |
| Distributable reserves | 133 | €62,056 | €62,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,738 | -€299,861 | +€1,877 | +0.6% |
| Investment grants | 15 | €7,071 | €2,828 | -€4,243 | -60.0% |
| Amounts payable | 17/49 | €1,014,438 | €900,522 | -€113,916 | -11.2% |
| Amounts payable after more than one year | 17 | €885,420 | €819,875 | -€65,545 | -7.4% |
| Financial debts | 170/4 | €885,420 | €819,875 | -€65,545 | -7.4% |
| Amounts payable within one year | 42/48 | €127,433 | €79,101 | -€48,332 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €100,975 | €48,628 | -€52,347 | -51.8% |
| Trade debts | 44 | €19,252 | €24,326 | +€5,075 | +26.4% |
| Suppliers | 440/4 | €19,252 | €24,326 | +€5,075 | +26.4% |
| Taxes, remuneration and social security | 45 | €7,206 | €6,147 | -€1,060 | -14.7% |
| Taxes | 450/3 | €7,206 | €6,147 | -€1,060 | -14.7% |
| Accrued charges and deferred income | 492/3 | €1,585 | €1,546 | -€39 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,762 | €140,059 | -€5,703 | -3.9% |
| Other operating charges | 640/8 | €17,269 | €18,486 | +€1,217 | +7.0% |
| Gross operating margin | 9900 | €195,971 | €168,168 | -€27,803 | -14.2% |
| Operating profit (loss) | 9901 | €32,940 | €9,623 | -€23,317 | -70.8% |
| Financial income | 75/76B | €4,252 | €4,295 | +€44 | +1.0% |
| Recurring financial income | 75 | €4,252 | €4,295 | +€44 | +1.0% |
| Financial charges | 65/66B | €12,020 | €11,798 | -€222 | -1.8% |
| Recurring financial charges | 65 | €12,020 | €11,798 | -€222 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €25,171 | €2,120 | -€23,051 | -91.6% |
| Income taxes | 67/77 | €236 | €242 | +€7 | +2.8% |
| Profit (loss) for the period | 9904 | €24,935 | €1,877 | -€23,058 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,935 | €1,877 | -€23,058 | -92.5% |
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 25 October 2026 via checked.be.