IMMO Kalizoi: 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 Kalizoi
Largest movements
- Tangible fixed assets -€13,465
down €13,465 (-5.3%), from €254,797 to €241,332
of which Land and buildings: -€15,751
- Receivables within one year +€9,491
up €9,491 (+33.8%), from €28,093 to €37,583
of which Trade receivables: +€7,762
- Cash -€4,024
down €4,024 (-59.4%), from €6,773 to €2,749
mainly Debts after one year (-€17,738) and Other debts (-€17,086)
- Debts after one year -€17,738
down €17,738 (-26.9%), from €65,943 to €48,205
- Other debts -€17,086
down €17,086 (-17.9%), from €95,376 to €78,290
- Trade debts +€14,219
new in 2025: €14,219
- Reserves +€7,800
up €7,800 (+156%), from €5,000 to €12,800
- Tax, wage and social debts +€5,494
up €5,494 (+143%), from €3,842 to €9,336
- Gross operating margin -€14,202
down €14,202 (-28.7%), from €49,423 to €35,221
- Taxes +€1,649
up €1,649 (+42.9%), from €3,845 to €5,494
- Financial charges -€657
down €657 (-21.7%), from €3,034 to €2,377
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 | €290,731 | €282,852 | -€7,880 | -2.7% |
| Fixed assets | 21/28 | €255,052 | €241,587 | -€13,465 | -5.3% |
| Tangible fixed assets | 22/27 | €254,797 | €241,332 | -€13,465 | -5.3% |
| Land and buildings | 22 | €230,549 | €214,798 | -€15,751 | -6.8% |
| Plant, machinery and equipment | 23 | €1,086 | €6,534 | +€5,448 | +501% |
| Furniture and vehicles | 24 | €23,161 | €19,999 | -€3,162 | -13.7% |
| Financial fixed assets | 28 | €256 | €256 | = | 0.0% |
| Current assets | 29/58 | €35,679 | €41,264 | +€5,585 | +15.7% |
| Amounts receivable within one year | 40/41 | €28,093 | €37,583 | +€9,491 | +33.8% |
| Trade receivables | 40 | €27,802 | €35,564 | +€7,762 | +27.9% |
| Other amounts receivable | 41 | €290 | €2,019 | +€1,729 | +595% |
| Cash at bank and in hand | 54/58 | €6,773 | €2,749 | -€4,024 | -59.4% |
| Deferred charges and accrued income | 490/1 | €813 | €932 | +€119 | +14.6% |
| Total equity and liabilities | 10/49 | €290,731 | €282,852 | -€7,880 | -2.7% |
| Equity | 10/15 | €107,057 | €115,031 | +€7,974 | +7.4% |
| Contributions | 10/11 | €6,877 | €6,877 | = | 0.0% |
| Contributions outside capital | 11 | €6,877 | €6,877 | = | 0.0% |
| Share premium | 1100/10 | €6,877 | - | -€6,877 | |
| Other | 1109/19 | - | €6,877 | +€6,877 | |
| Reserves | 13 | €5,000 | €12,800 | +€7,800 | +156% |
| Distributable reserves | 133 | €5,000 | €12,800 | +€7,800 | +156% |
| Profit (loss) carried forward | 14 | €95,180 | €95,354 | +€174 | +0.2% |
| Amounts payable | 17/49 | €183,674 | €167,821 | -€15,854 | -8.6% |
| Amounts payable after more than one year | 17 | €65,943 | €48,205 | -€17,738 | -26.9% |
| Financial debts | 170/4 | €65,943 | €48,205 | -€17,738 | -26.9% |
| Amounts payable within one year | 42/48 | €117,732 | €119,616 | +€1,884 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €18,514 | €17,738 | -€776 | -4.2% |
| Financial debts | 43 | - | €33 | +€33 | |
| Credit institutions | 430/8 | - | €33 | +€33 | |
| Trade debts | 44 | - | €14,219 | +€14,219 | |
| Suppliers | 440/4 | - | €14,219 | +€14,219 | |
| Taxes, remuneration and social security | 45 | €3,842 | €9,336 | +€5,494 | +143% |
| Taxes | 450/3 | €3,842 | €9,336 | +€5,494 | +143% |
| Other amounts payable | 47/48 | €95,376 | €78,290 | -€17,086 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,382 | €19,356 | -€26 | -0.1% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Gross operating margin | 9900 | €49,423 | €35,221 | -€14,202 | -28.7% |
| Operating profit (loss) | 9901 | €29,653 | €15,844 | -€13,809 | -46.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,034 | €2,377 | -€657 | -21.7% |
| Recurring financial charges | 65 | €3,034 | €2,377 | -€657 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €26,619 | €13,469 | -€13,151 | -49.4% |
| Income taxes | 67/77 | €3,845 | €5,494 | +€1,649 | +42.9% |
| Profit (loss) for the period | 9904 | €22,774 | €7,974 | -€14,800 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,774 | €7,974 | -€14,800 | -65.0% |
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 29 October 2026 via checked.be.