IMMO KAISERHOF: 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 KAISERHOF
Largest movements
- Receivables within one year +€10,458
up €10,458 (+77.3%), from €13,524 to €23,982
of which Trade receivables: +€8,059
- Cash -€9,070
down €9,070 (-73.7%), from €12,304 to €3,235
mainly Other debts (-€21,183) and Investment in fixed assets (net) (-€15,000)
- Intangible fixed assets -€2,708
down €2,708 (-26.1%), from €10,371 to €7,663
- Deferred charges and accrued income +€2,434
up €2,434 (+76.3%), from €3,189 to €5,624
- Trade debts +€27,103
up €27,103 (+799%), from €3,392 to €30,494
- Other debts -€21,183
down €21,183 (-49.9%), from €42,449 to €21,266
- Accrued charges and deferred income -€6,382
down €6,382 (-79.0%), from €8,082 to €1,700
- Staff costs +€37,440
new in 2025: €37,440
- Taxes -€7,341
down €7,341 (-83.4%), from €8,802 to €1,461
- Depreciation +€1,288
up €1,288 (+7.6%), from €16,974 to €18,262
- Other operating charges +€962
up €962 (+36.1%), from €2,662 to €3,623
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 | €155,541 | €156,103 | +€562 | +0.4% |
| Fixed assets | 21/28 | €126,524 | €123,262 | -€3,262 | -2.6% |
| Intangible fixed assets | 21 | €10,371 | €7,663 | -€2,708 | -26.1% |
| Tangible fixed assets | 22/27 | €116,153 | €115,599 | -€554 | -0.5% |
| Land and buildings | 22 | €107,758 | €101,481 | -€6,277 | -5.8% |
| Plant, machinery and equipment | 23 | €895 | €406 | -€489 | -54.6% |
| Furniture and vehicles | 24 | €7,500 | €13,712 | +€6,212 | +82.8% |
| Current assets | 29/58 | €29,018 | €32,841 | +€3,823 | +13.2% |
| Amounts receivable within one year | 40/41 | €13,524 | €23,982 | +€10,458 | +77.3% |
| Trade receivables | 40 | €12,030 | €20,088 | +€8,059 | +67.0% |
| Other amounts receivable | 41 | €1,494 | €3,894 | +€2,400 | +161% |
| Cash at bank and in hand | 54/58 | €12,304 | €3,235 | -€9,070 | -73.7% |
| Deferred charges and accrued income | 490/1 | €3,189 | €5,624 | +€2,434 | +76.3% |
| Total equity and liabilities | 10/49 | €155,541 | €156,103 | +€562 | +0.4% |
| Equity | 10/15 | €92,817 | €92,359 | -€457 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,617 | €86,159 | -€457 | -0.5% |
| Tax-exempt reserves | 132 | €4,783 | €4,783 | = | 0.0% |
| Distributable reserves | 133 | €81,834 | €81,376 | -€457 | -0.6% |
| Amounts payable | 17/49 | €62,725 | €63,744 | +€1,019 | +1.6% |
| Amounts payable within one year | 42/48 | €54,642 | €62,044 | +€7,401 | +13.5% |
| Trade debts | 44 | €3,392 | €30,494 | +€27,103 | +799% |
| Suppliers | 440/4 | €3,392 | €30,494 | +€27,103 | +799% |
| Taxes, remuneration and social security | 45 | €8,802 | €10,284 | +€1,482 | +16.8% |
| Taxes | 450/3 | €8,802 | €10,284 | +€1,482 | +16.8% |
| Other amounts payable | 47/48 | €42,449 | €21,266 | -€21,183 | -49.9% |
| Accrued charges and deferred income | 492/3 | €8,082 | €1,700 | -€6,382 | -79.0% |
| Remuneration, social security and pensions | 62 | - | €37,440 | +€37,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,974 | €18,262 | +€1,288 | +7.6% |
| Other operating charges | 640/8 | €2,662 | €3,623 | +€962 | +36.1% |
| Gross operating margin | 9900 | €61,748 | €61,567 | -€181 | -0.3% |
| Operating profit (loss) | 9901 | €42,112 | €2,241 | -€39,871 | -94.7% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €1,549 | €1,253 | -€296 | -19.1% |
| Recurring financial charges | 65 | €1,549 | €1,253 | -€296 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €40,563 | €1,003 | -€39,560 | -97.5% |
| Income taxes | 67/77 | €8,802 | €1,461 | -€7,341 | -83.4% |
| Profit (loss) for the period | 9904 | €31,761 | -€457 | -€32,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,761 | -€457 | -€32,219 |
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.