BKB REAL ESTATE: what changed
BKB REAL ESTATE
Largest movements
- Tangible fixed assets -€104,054
down €104,054 (-8.4%), from €1.2m to €1.1m
- Cash +€90,638
up €90,638 (+141%), from €64,486 to €155,124
mainly Depreciation (+€104,054) and Net result for the year (+€82,037)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Debts after one year -€158,713
down €158,713 (-17.6%), from €901,989 to €743,276
- Reserves +€53,320
up €53,320 (+20.3%), from €262,553 to €315,873
of which Distributable reserves: +€53,320
- Tax, wage and social debts +€15,278
up €15,278 (+54.6%), from €27,972 to €43,250
- Gross operating margin +€11,811
up €11,811 (+4.8%), from €244,515 to €256,326
- Other operating charges +€4,513
up €4,513 (+27.3%), from €16,526 to €21,039
- Taxes +€2,899
up €2,899 (+8.2%), from €35,385 to €38,284
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,404,175 | €1,316,263 | -€87,912 | -6.3% |
| Fixed assets | 21/28 | €1,237,176 | €1,133,122 | -€104,054 | -8.4% |
| Tangible fixed assets | 22/27 | €1,237,176 | €1,133,122 | -€104,054 | -8.4% |
| Land and buildings | 22 | €1,237,176 | €1,133,122 | -€104,054 | -8.4% |
| Current assets | 29/58 | €166,999 | €183,141 | +€16,142 | +9.7% |
| Amounts receivable within one year | 40/41 | €27,513 | €28,017 | +€504 | +1.8% |
| Trade receivables | 40 | €27,513 | €28,017 | +€504 | +1.8% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €64,486 | €155,124 | +€90,638 | +141% |
| Total equity and liabilities | 10/49 | €1,404,175 | €1,316,263 | -€87,912 | -6.3% |
| Equity | 10/15 | €317,705 | €371,024 | +€53,320 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,553 | €315,873 | +€53,320 | +20.3% |
| Tax-exempt reserves | 132 | €3,900 | €3,900 | = | 0.0% |
| Distributable reserves | 133 | €258,653 | €311,973 | +€53,320 | +20.6% |
| Profit (loss) carried forward | 14 | €36,552 | €36,552 | = | 0.0% |
| Amounts payable | 17/49 | €1,086,471 | €945,239 | -€141,232 | -13.0% |
| Amounts payable after more than one year | 17 | €901,989 | €743,276 | -€158,713 | -17.6% |
| Financial debts | 170/4 | €901,989 | €743,276 | -€158,713 | -17.6% |
| Amounts payable within one year | 42/48 | €184,482 | €201,963 | +€17,481 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €156,389 | €158,713 | +€2,324 | +1.5% |
| Trade debts | 44 | €121 | €0 | -€121 | -100% |
| Suppliers | 440/4 | €121 | €0 | -€121 | -100% |
| Taxes, remuneration and social security | 45 | €27,972 | €43,250 | +€15,278 | +54.6% |
| Taxes | 450/3 | €27,972 | €43,250 | +€15,278 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,054 | €104,054 | = | 0.0% |
| Other operating charges | 640/8 | €16,526 | €21,039 | +€4,513 | +27.3% |
| Gross operating margin | 9900 | €244,515 | €256,326 | +€11,811 | +4.8% |
| Operating profit (loss) | 9901 | €123,935 | €131,233 | +€7,298 | +5.9% |
| Financial income | 75/76B | €1,132 | €631 | -€502 | -44.3% |
| Recurring financial income | 75 | €1,132 | €631 | -€502 | -44.3% |
| Financial charges | 65/66B | €13,856 | €11,543 | -€2,313 | -16.7% |
| Recurring financial charges | 65 | €13,856 | €11,543 | -€2,313 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €111,211 | €120,321 | +€9,110 | +8.2% |
| Income taxes | 67/77 | €35,385 | €38,284 | +€2,899 | +8.2% |
| Profit (loss) for the period | 9904 | €75,826 | €82,037 | +€6,211 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,826 | €82,037 | +€6,211 | +8.2% |
Next steps
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.