IMMO K.D.P.: 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.
IMMO K.D.P.
Largest movements
- Stocks and contracts +€398,250
up €398,250 (+33.2%), from €1.2m to €1.6m
- Cash +€306,473
up €306,473 (+2,880%), from €10,643 to €317,116
mainly Short-term financial debts (+€419,000) and Receivables within one year (+€273,906)
- Receivables within one year -€273,906
down €273,906 (-43.9%), from €624,297 to €350,391
of which Other amounts receivable: -€307,339
- Tangible fixed assets -€44,878
down €44,878 (-30.6%), from €146,693 to €101,815
- Short-term financial debts +€419,000
up €419,000 (+62.2%), from €674,000 to €1.1m
- Trade debts -€89,679
down €89,679 (-96.5%), from €92,976 to €3,297
- Profit (loss) carried forward +€56,769
up €56,769 (+13.3%), from €426,304 to €483,073
- Gross operating margin +€87,577
up €87,577 (+516%), from €16,975 to €104,551
- Financial income +€22,995
new in 2025: €22,995
- Financial charges +€20,809
up €20,809 (+72.2%), from €28,813 to €49,621
- Write-downs -€20,000
no longer reported in 2025 (was €20,000)
- Other operating charges +€7,185
up €7,185 (+657%), from €1,093 to €8,278
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 | €1,979,764 | €2,367,032 | +€387,269 | +19.6% |
| Fixed assets | 21/28 | €146,693 | €101,815 | -€44,878 | -30.6% |
| Tangible fixed assets | 22/27 | €146,693 | €101,815 | -€44,878 | -30.6% |
| Land and buildings | 22 | €146,693 | €101,815 | -€44,878 | -30.6% |
| Current assets | 29/58 | €1,833,071 | €2,265,217 | +€432,147 | +23.6% |
| Stocks and contracts in progress | 3 | €1,198,130 | €1,596,380 | +€398,250 | +33.2% |
| Contracts in progress | 37 | €1,198,130 | €1,596,380 | +€398,250 | +33.2% |
| Amounts receivable within one year | 40/41 | €624,297 | €350,391 | -€273,906 | -43.9% |
| Trade receivables | 40 | - | €33,433 | +€33,433 | |
| Other amounts receivable | 41 | €624,297 | €316,958 | -€307,339 | -49.2% |
| Cash at bank and in hand | 54/58 | €10,643 | €317,116 | +€306,473 | +2,880% |
| Deferred charges and accrued income | 490/1 | - | €1,330 | +€1,330 | |
| Total equity and liabilities | 10/49 | €1,979,764 | €2,367,032 | +€387,269 | +19.6% |
| Equity | 10/15 | €1,193,980 | €1,248,723 | +€54,743 | +4.6% |
| Contributions | 10/11 | €597,425 | €597,425 | = | 0.0% |
| Capital | 10 | €597,425 | €597,425 | = | 0.0% |
| Issued capital | 100 | €597,425 | €597,425 | = | 0.0% |
| Reserves | 13 | €170,251 | €168,225 | -€2,026 | -1.2% |
| Non-distributable reserves | 130/1 | €59,743 | €59,743 | = | 0.0% |
| Legal reserve | 130 | €59,743 | €59,743 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,497 | €23,471 | -€2,026 | -7.9% |
| Distributable reserves | 133 | €85,012 | €85,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | €426,304 | €483,073 | +€56,769 | +13.3% |
| Provisions and deferred taxes | 16 | €13,129 | €12,086 | -€1,043 | -7.9% |
| Deferred taxes | 168 | €13,129 | €12,086 | -€1,043 | -7.9% |
| Amounts payable | 17/49 | €772,654 | €1,106,223 | +€333,569 | +43.2% |
| Amounts payable within one year | 42/48 | €766,976 | €1,099,947 | +€332,971 | +43.4% |
| Financial debts | 43 | €674,000 | €1,093,000 | +€419,000 | +62.2% |
| Credit institutions | 430/8 | €674,000 | €1,093,000 | +€419,000 | +62.2% |
| Trade debts | 44 | €92,976 | €3,297 | -€89,679 | -96.5% |
| Suppliers | 440/4 | €92,976 | €3,297 | -€89,679 | -96.5% |
| Taxes, remuneration and social security | 45 | - | €3,650 | +€3,650 | |
| Taxes | 450/3 | - | €3,650 | +€3,650 | |
| Accrued charges and deferred income | 492/3 | €5,678 | €6,276 | +€598 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,297 | €12,297 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,000 | - | -€20,000 | |
| Other operating charges | 640/8 | €1,093 | €8,278 | +€7,185 | +657% |
| Non-recurring operating charges | 66A | €4,875 | - | -€4,875 | |
| Gross operating margin | 9900 | €16,975 | €104,551 | +€87,577 | +516% |
| Operating profit (loss) | 9901 | -€21,290 | €83,976 | +€105,266 | |
| Financial income | 75/76B | - | €22,995 | +€22,995 | |
| Recurring financial income | 75 | - | €22,995 | +€22,995 | |
| Financial charges | 65/66B | €28,813 | €49,621 | +€20,809 | +72.2% |
| Recurring financial charges | 65 | €28,813 | €49,621 | +€20,809 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,103 | €57,350 | +€107,452 | |
| Transfer from deferred taxes | 780 | €1,043 | €1,043 | = | 0.0% |
| Income taxes | 67/77 | €143 | €3,650 | +€3,507 | +2,452% |
| Profit (loss) for the period | 9904 | -€49,203 | €54,743 | +€103,945 | |
| Transfer from tax-exempt reserves | 789 | €2,026 | €2,026 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,176 | €56,769 | +€103,945 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.