NASSAU CONTINENTAL: 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.
What changed
NASSAU CONTINENTAL
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€426,752
2024 · €521,073-€94,321
Equity
€16.0m
2024 · €15.6m+€426,752
Cash
€869,488
2024 · €1.5m-€673,187
Balance sheet total
€22.4m
2024 · €22.8m-€374,583
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+14.4%), from €7.1m to €8.2m
of which Other amounts receivable: +€1.0m
- Tangible fixed assets -€692,825
down €692,825 (-6.1%), from €11.4m to €10.7m
of which Land and buildings: -€622,390
- Cash -€673,187
down €673,187 (-43.6%), from €1.5m to €869,488
mainly Receivables within one year (-€1.0m) and Debts after one year (-€514,929)
Equity and liabilities
- Debts after one year -€514,929
down €514,929 (-9.5%), from €5.4m to €4.9m
- Reserves +€426,752
up €426,752 (+3.5%), from €12.4m to €12.8m
of which Distributable reserves: +€807,590
Income statement
- Gross operating margin +€148,395
up €148,395 (+9.1%), from €1.6m to €1.8m
- Financial income -€122,357
down €122,357 (-33.8%), from €362,349 to €239,992
- Other operating charges +€120,011
up €120,011 (+54.4%), from €220,549 to €340,561
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.
Result 2024
€521,073
Gross operating margin
+€148,395
Staff costs
-€402
Depreciation
+€2,071
Write-downs
+€5,030
Other operating charges
-€120,011
Financial income
-€122,357
Financial charges
+€7,592
Taxes
-€14,500
Deferred taxes and other
-€139
Result 2025
€426,752
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€63,505
Investment
-€43,996
Financing
-€692,696
Cash 2024
€1.5m
From operations (derived)
+€63,505
Net result for the year
+€426,752
Depreciation
+€777,673
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€7,025
Provisions
-€66,678
Trade debts
-€152
Tax, wage and social debts
-€33,269
Accrued charges and deferred income
-€8,539
Investment (derived)
-€43,996
Investment in fixed assets (net)
-€43,996
Financing
-€692,696
Debts after one year
-€514,929
Current portion of long-term debt
-€177,767
Cash 2025
€869,488
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,807,415 | €22,432,832 | -€374,583 | -1.6% |
| Fixed assets | 21/28 | €13,872,607 | €13,138,929 | -€733,677 | -5.3% |
| Intangible fixed assets | 21 | €653,638 | €612,786 | -€40,852 | -6.2% |
| Tangible fixed assets | 22/27 | €11,368,819 | €10,675,994 | -€692,825 | -6.1% |
| Land and buildings | 22 | €11,163,909 | €10,541,519 | -€622,390 | -5.6% |
| Plant, machinery and equipment | 23 | €70,947 | €55,374 | -€15,574 | -22.0% |
| Furniture and vehicles | 24 | €133,963 | €79,102 | -€54,861 | -41.0% |
| Financial fixed assets | 28 | €1,850,150 | €1,850,150 | = | 0.0% |
| Current assets | 29/58 | €8,934,808 | €9,293,902 | +€359,094 | +4.0% |
| Amounts receivable within one year | 40/41 | €7,127,649 | €8,152,905 | +€1.0m | +14.4% |
| Trade receivables | 40 | €120,702 | €143,400 | +€22,698 | +18.8% |
| Other amounts receivable | 41 | €7,006,947 | €8,009,505 | +€1.0m | +14.3% |
| Cash at bank and in hand | 54/58 | €1,542,674 | €869,488 | -€673,187 | -43.6% |
| Deferred charges and accrued income | 490/1 | €264,484 | €271,510 | +€7,025 | +2.7% |
| Total equity and liabilities | 10/49 | €22,807,415 | €22,432,832 | -€374,583 | -1.6% |
| Equity | 10/15 | €15,591,315 | €16,018,067 | +€426,752 | +2.7% |
| Contributions | 10/11 | €3,235,300 | €3,235,300 | = | 0.0% |
| Capital | 10 | €3,235,300 | €3,235,300 | = | 0.0% |
| Issued capital | 100 | €3,235,300 | €3,235,300 | = | 0.0% |
| Reserves | 13 | €12,356,015 | €12,782,767 | +€426,752 | +3.5% |
| Non-distributable reserves | 130/1 | €323,530 | €323,530 | = | 0.0% |
| Legal reserve | 130 | €323,530 | €323,530 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,351,662 | €2,970,823 | -€380,839 | -11.4% |
| Distributable reserves | 133 | €8,680,823 | €9,488,414 | +€807,590 | +9.3% |
| Provisions and deferred taxes | 16 | €784,631 | €717,953 | -€66,678 | -8.5% |
| Deferred taxes | 168 | €784,631 | €717,953 | -€66,678 | -8.5% |
| Amounts payable | 17/49 | €6,431,469 | €5,696,812 | -€734,656 | -11.4% |
| Amounts payable after more than one year | 17 | €5,431,353 | €4,916,424 | -€514,929 | -9.5% |
| Financial debts | 170/4 | €5,431,353 | €4,916,424 | -€514,929 | -9.5% |
| Amounts payable within one year | 42/48 | €879,242 | €668,054 | -€211,188 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €692,696 | €514,929 | -€177,767 | -25.7% |
| Trade debts | 44 | €36,709 | €36,557 | -€152 | -0.4% |
| Suppliers | 440/4 | €36,709 | €36,557 | -€152 | -0.4% |
| Advances received on contracts in progress | 46 | €4,641 | €4,641 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €145,196 | €111,926 | -€33,269 | -22.9% |
| Taxes | 450/3 | €110,552 | €81,770 | -€28,782 | -26.0% |
| Remuneration and social security | 454/9 | €34,643 | €30,156 | -€4,487 | -13.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €120,874 | €112,335 | -€8,539 | -7.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €227,414 | €227,816 | +€402 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779,744 | €777,673 | -€2,071 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,030 | €0 | -€5,030 | -100% |
| Other operating charges | 640/8 | €220,549 | €340,561 | +€120,011 | +54.4% |
| Gross operating margin | 9900 | €1,623,304 | €1,771,698 | +€148,395 | +9.1% |
| Operating profit (loss) | 9901 | €390,566 | €425,649 | +€35,083 | +9.0% |
| Financial income | 75/76B | €362,349 | €239,992 | -€122,357 | -33.8% |
| Recurring financial income | 75 | €362,349 | €239,992 | -€122,357 | -33.8% |
| Financial charges | 65/66B | €71,358 | €63,767 | -€7,592 | -10.6% |
| Recurring financial charges | 65 | €71,358 | €63,767 | -€7,592 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €681,557 | €601,875 | -€79,682 | -11.7% |
| Transfer from deferred taxes | 780 | €66,817 | €66,678 | -€139 | -0.2% |
| Income taxes | 67/77 | €227,301 | €241,801 | +€14,500 | +6.4% |
| Profit (loss) for the period | 9904 | €521,073 | €426,752 | -€94,321 | -18.1% |
| Transfer from tax-exempt reserves | 789 | €200,452 | €380,839 | +€180,387 | +90.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €721,525 | €807,590 | +€86,066 | +11.9% |
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 31 October 2026 via checked.be.