Immo Kalex: 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 Kalex
Largest movements
- Tangible fixed assets -€17,441
down €17,441 (-19.3%), from €90,287 to €72,847
of which Furniture and vehicles: -€10,156
- Cash -€14,875
down €14,875 (-49.7%), from €29,923 to €15,048
mainly Net result for the year (-€20,810) and Debts after one year (-€6,261)
- Deferred charges and accrued income +€4,574
up €4,574 (+320.0%), from €1,429 to €6,003
- Receivables within one year +€3,633
up €3,633 (+17.0%), from €21,344 to €24,977
of which Trade receivables: +€4,697
- Profit (loss) carried forward -€20,810
down €20,810 (-1525.9%), from -€1,364 to -€22,174
- Debts after one year -€6,261
down €6,261 (-6.1%), from €102,740 to €96,479
of which Financial debts: -€6,334
- Accrued charges and deferred income +€1,452
up €1,452 (+181.4%), from €800 to €2,252
- Gross operating margin -€18,983
down €18,983 (-85.0%), from €22,324 to €3,341
- Other operating charges +€422
up €422 (+24.6%), from €1,715 to €2,138
- Depreciation +€329
up €329 (+1.7%), from €19,514 to €19,843
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.
Cash bridge derived
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 | €143,358 | €119,250 | -€24,109 | -16.8% |
| Fixed assets | 21/28 | €90,662 | €73,222 | -€17,441 | -19.2% |
| Tangible fixed assets | 22/27 | €90,287 | €72,847 | -€17,441 | -19.3% |
| Land and buildings | 22 | €72,654 | €63,854 | -€8,800 | -12.1% |
| Furniture and vehicles | 24 | €13,164 | €3,008 | -€10,156 | -77.1% |
| Other tangible fixed assets | 26 | €4,470 | €5,984 | +€1,515 | +33.9% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €52,696 | €46,028 | -€6,668 | -12.7% |
| Amounts receivable within one year | 40/41 | €21,344 | €24,977 | +€3,633 | +17.0% |
| Trade receivables | 40 | €13,629 | €18,326 | +€4,697 | +34.5% |
| Other amounts receivable | 41 | €7,714 | €6,651 | -€1,063 | -13.8% |
| Cash at bank and in hand | 54/58 | €29,923 | €15,048 | -€14,875 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,429 | €6,003 | +€4,574 | +320.0% |
| Total equity and liabilities | 10/49 | €143,358 | €119,250 | -€24,109 | -16.8% |
| Equity | 10/15 | €26,816 | €6,006 | -€20,810 | -77.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,580 | €9,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,720 | €7,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,364 | -€22,174 | -€20,810 | -1525.9% |
| Amounts payable | 17/49 | €116,543 | €113,244 | -€3,298 | -2.8% |
| Amounts payable after more than one year | 17 | €102,740 | €96,479 | -€6,261 | -6.1% |
| Financial debts | 170/4 | €80,672 | €74,338 | -€6,334 | -7.9% |
| Other amounts payable | 178/9 | €22,068 | €22,141 | +€73 | +0.3% |
| Amounts payable within one year | 42/48 | €13,002 | €14,513 | +€1,511 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €6,205 | €6,334 | +€129 | +2.1% |
| Trade debts | 44 | €1,639 | €2,032 | +€393 | +24.0% |
| Suppliers | 440/4 | €1,639 | €2,032 | +€393 | +24.0% |
| Taxes, remuneration and social security | 45 | €5,158 | €6,147 | +€989 | +19.2% |
| Taxes | 450/3 | €3,308 | €4,297 | +€989 | +29.9% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €800 | €2,252 | +€1,452 | +181.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,514 | €19,843 | +€329 | +1.7% |
| Other operating charges | 640/8 | €1,715 | €2,138 | +€422 | +24.6% |
| Gross operating margin | 9900 | €22,324 | €3,341 | -€18,983 | -85.0% |
| Operating profit (loss) | 9901 | €1,095 | -€18,640 | -€19,734 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,235 | €2,038 | -€197 | -8.8% |
| Recurring financial charges | 65 | €2,235 | €2,038 | -€197 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,141 | -€20,678 | -€19,538 | -1712.9% |
| Income taxes | 67/77 | €223 | €132 | -€91 | -40.8% |
| Profit (loss) for the period | 9904 | -€1,364 | -€20,810 | -€19,446 | -1425.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,364 | -€20,810 | -€19,446 | -1425.9% |
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 12 October 2026 via checked.be.