NASSAU PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€69,798
down €69,798 (-2.8%), from €2.5m to €2.5m
- Receivables within one year -€32,681
down €32,681 (-88.8%), from €36,809 to €4,127
of which Other amounts receivable: -€25,099
- Profit (loss) carried forward -€156,498
down €156,498 (-14.8%), from -€1.1m to -€1.2m
- Current portion of long-term debt +€70,139
up €70,139 (+23.1%), from €303,356 to €373,495
- Debts after one year -€57,522
down €57,522 (-1.7%), from €3.3m to €3.2m
of which Financial debts: -€142,460
- Other operating charges +€34,551
up €34,551 (+126%), from €27,411 to €61,962
- Gross operating margin -€17,212
down €17,212 (-11.5%), from €149,595 to €132,382
- Write-downs -€9,791
down €9,791, from €4,954 to -€4,837
- Depreciation +€6,033
up €6,033 (+4.9%), from €123,180 to €129,213
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 | €2,602,018 | €2,497,199 | -€104,818 | -4.0% |
| Fixed assets | 21/28 | €2,534,369 | €2,464,571 | -€69,798 | -2.8% |
| Tangible fixed assets | 22/27 | €2,534,369 | €2,464,571 | -€69,798 | -2.8% |
| Land and buildings | 22 | €2,534,369 | €2,464,571 | -€69,798 | -2.8% |
| Current assets | 29/58 | €67,648 | €32,629 | -€35,020 | -51.8% |
| Amounts receivable within one year | 40/41 | €36,809 | €4,127 | -€32,681 | -88.8% |
| Trade receivables | 40 | €11,353 | €3,771 | -€7,582 | -66.8% |
| Other amounts receivable | 41 | €25,456 | €356 | -€25,099 | -98.6% |
| Cash at bank and in hand | 54/58 | €22,358 | €15,499 | -€6,860 | -30.7% |
| Deferred charges and accrued income | 490/1 | €8,482 | €13,003 | +€4,521 | +53.3% |
| Total equity and liabilities | 10/49 | €2,602,018 | €2,497,199 | -€104,818 | -4.0% |
| Equity | 10/15 | -€1,038,720 | -€1,195,218 | -€156,498 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,059,180 | -€1,215,678 | -€156,498 | -14.8% |
| Amounts payable | 17/49 | €3,640,738 | €3,692,418 | +€51,680 | +1.4% |
| Amounts payable after more than one year | 17 | €3,302,893 | €3,245,371 | -€57,522 | -1.7% |
| Financial debts | 170/4 | €2,271,146 | €2,128,686 | -€142,460 | -6.3% |
| Other amounts payable | 178/9 | €1,031,748 | €1,116,686 | +€84,938 | +8.2% |
| Amounts payable within one year | 42/48 | €335,653 | €443,118 | +€107,466 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €303,356 | €373,495 | +€70,139 | +23.1% |
| Financial debts | 43 | €1,145 | €0 | -€1,145 | -100% |
| Credit institutions | 430/8 | €1,145 | €0 | -€1,145 | -100% |
| Trade debts | 44 | €8,634 | €26,832 | +€18,198 | +211% |
| Suppliers | 440/4 | €8,634 | €26,832 | +€18,198 | +211% |
| Taxes, remuneration and social security | 45 | €2,728 | €2,387 | -€340 | -12.5% |
| Taxes | 450/3 | €2,728 | €2,387 | -€340 | -12.5% |
| Other amounts payable | 47/48 | €19,790 | €40,404 | +€20,614 | +104% |
| Accrued charges and deferred income | 492/3 | €2,192 | €3,928 | +€1,736 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,180 | €129,213 | +€6,033 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,954 | -€4,837 | -€9,791 | |
| Other operating charges | 640/8 | €27,411 | €61,962 | +€34,551 | +126% |
| Gross operating margin | 9900 | €149,595 | €132,382 | -€17,212 | -11.5% |
| Operating profit (loss) | 9901 | -€5,949 | -€53,956 | -€48,006 | -807% |
| Financial income | 75/76B | €543 | €354 | -€188 | -34.7% |
| Recurring financial income | 75 | €543 | €354 | -€188 | -34.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €103,620 | €102,897 | -€723 | -0.7% |
| Recurring financial charges | 65 | €103,620 | €102,897 | -€723 | -0.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€109,026 | -€156,498 | -€47,472 | -43.5% |
| Profit (loss) for the period | 9904 | -€109,026 | -€156,498 | -€47,472 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,026 | -€156,498 | -€47,472 | -43.5% |
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 15 October 2026 via checked.be.