IMMO KADO: 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 KADO
Largest movements
- Tangible fixed assets +€194,892
up €194,892 (+14.9%), from €1.3m to €1.5m
of which Plant, machinery and equipment: +€187,643
- Cash -€112,635
down €112,635 (-43.9%), from €256,768 to €144,133
mainly Investment in fixed assets (net) (-€339,480) and Debts after one year (-€209,332)
- Stocks and contracts -€81,416
down €81,416 (-77.9%), from €104,550 to €23,134
- Debts after one year -€209,332
down €209,332 (-33.0%), from €634,479 to €425,146
- Other debts +€152,059
up €152,059 (+17.3%), from €881,012 to €1.0m
- Profit (loss) carried forward +€26,049
up €26,049 (+12.2%), from -€213,515 to -€187,467
- Turnover -€400,157
no longer reported in 2024 (was €400,157)
- Purchases and services -€273,978
no longer reported in 2024 (was €273,978)
- Financial income -€22,136
down €22,136 (-49.6%), from €44,631 to €22,494
- Gross operating margin -€20,482
down €20,482 (-7.1%), from €286,804 to €266,322
- Staff costs +€18,298
up €18,298 (+43.9%), from €41,668 to €59,966
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,720,465 | €1,706,942 | -€13,524 | -0.8% |
| Fixed assets | 21/28 | €1,309,056 | €1,502,372 | +€193,316 | +14.8% |
| Tangible fixed assets | 22/27 | €1,307,480 | €1,502,372 | +€194,892 | +14.9% |
| Land and buildings | 22 | €1,010,180 | €1,026,540 | +€16,360 | +1.6% |
| Plant, machinery and equipment | 23 | €283,723 | €471,366 | +€187,643 | +66.1% |
| Furniture and vehicles | 24 | €13,577 | €4,466 | -€9,111 | -67.1% |
| Financial fixed assets | 28 | €1,576 | €0 | -€1,576 | -100% |
| Current assets | 29/58 | €411,410 | €204,570 | -€206,840 | -50.3% |
| Stocks and contracts in progress | 3 | €104,550 | €23,134 | -€81,416 | -77.9% |
| Stocks | 30/36 | €104,550 | €23,134 | -€81,416 | -77.9% |
| Amounts receivable within one year | 40/41 | €8,621 | €10,473 | +€1,852 | +21.5% |
| Trade receivables | 40 | €3,807 | €5,659 | +€1,852 | +48.7% |
| Other amounts receivable | 41 | €4,814 | €4,814 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €256,768 | €144,133 | -€112,635 | -43.9% |
| Deferred charges and accrued income | 490/1 | €41,471 | €26,830 | -€14,641 | -35.3% |
| Total equity and liabilities | 10/49 | €1,720,465 | €1,706,942 | -€13,524 | -0.8% |
| Equity | 10/15 | -€151,515 | -€125,467 | +€26,049 | +17.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,515 | -€187,467 | +€26,049 | +12.2% |
| Amounts payable | 17/49 | €1,871,981 | €1,832,408 | -€39,573 | -2.1% |
| Amounts payable after more than one year | 17 | €634,479 | €425,146 | -€209,332 | -33.0% |
| Financial debts | 170/4 | €634,479 | €425,146 | -€209,332 | -33.0% |
| Amounts payable within one year | 42/48 | €1,236,253 | €1,403,752 | +€167,499 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €197,111 | €204,498 | +€7,387 | +3.7% |
| Trade debts | 44 | €30,660 | €24,915 | -€5,746 | -18.7% |
| Suppliers | 440/4 | €30,660 | €24,915 | -€5,746 | -18.7% |
| Advances received on contracts in progress | 46 | €116,074 | €115,215 | -€859 | -0.7% |
| Taxes, remuneration and social security | 45 | €11,395 | €26,054 | +€14,659 | +129% |
| Taxes | 450/3 | €2,888 | €10,267 | +€7,379 | +256% |
| Remuneration and social security | 454/9 | €8,507 | €15,787 | +€7,280 | +85.6% |
| Other amounts payable | 47/48 | €881,012 | €1,033,071 | +€152,059 | +17.3% |
| Accrued charges and deferred income | 492/3 | €1,249 | €3,510 | +€2,261 | +181% |
| Turnover | 70 | €400,157 | - | -€400,157 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €273,978 | - | -€273,978 | |
| Remuneration, social security and pensions | 62 | €41,668 | €59,966 | +€18,298 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,982 | €146,164 | +€13,182 | +9.9% |
| Other operating charges | 640/8 | €17,809 | €22,750 | +€4,941 | +27.7% |
| Gross operating margin | 9900 | €286,804 | €266,322 | -€20,482 | -7.1% |
| Operating profit (loss) | 9901 | €94,345 | €37,443 | -€56,903 | -60.3% |
| Financial income | 75/76B | €44,631 | €22,494 | -€22,136 | -49.6% |
| Recurring financial income | 75 | €44,631 | €22,494 | -€22,136 | -49.6% |
| Financial charges | 65/66B | €29,032 | €33,648 | +€4,616 | +15.9% |
| Recurring financial charges | 65 | €29,032 | €33,648 | +€4,616 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €109,944 | €26,289 | -€83,655 | -76.1% |
| Income taxes | 67/77 | €264 | €240 | -€25 | -9.3% |
| Profit (loss) for the period | 9904 | €109,680 | €26,049 | -€83,631 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,680 | €26,049 | -€83,631 | -76.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.