IMMO KAMAR: 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 KAMAR
Largest movements
- Stocks and contracts -€303,865
down €303,865 (-100.0%), from €303,865 to €0
- Receivables within one year +€168,140
up €168,140 (+18.7%), from €898,795 to €1.1m
of which Other amounts receivable: +€168,140
- Cash -€23,501
down €23,501 (-98.1%), from €23,968 to €466
mainly Short-term financial debts (-€247,168) and Receivables within one year (-€168,140)
- Short-term financial debts -€247,168
down €247,168 (-60.6%), from €407,962 to €160,793
- Other debts +€66,490
up €66,490 (+21.3%), from €312,155 to €378,646
- Profit (loss) carried forward +€14,880
up €14,880 (+2.9%), from €517,654 to €532,534
- Financial income -€498,239
down €498,239 (-93.5%), from €532,690 to €34,451
- Gross operating margin +€76,615
up €76,615, from -€39,725 to €36,890
- Taxes -€60,302
down €60,302 (-91.8%), from €65,690 to €5,388
- Financial charges -€46,001
down €46,001 (-55.4%), from €83,028 to €37,027
- Other operating charges -€16,169
down €16,169 (-53.5%), from €30,215 to €14,046
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 | €1,399,196 | €1,239,804 | -€159,392 | -11.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €171,000 | €171,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €171,000 | €171,000 | = | 0.0% |
| Current assets | 29/58 | €1,228,196 | €1,068,804 | -€159,392 | -13.0% |
| Stocks and contracts in progress | 3 | €303,865 | €0 | -€303,865 | -100.0% |
| Stocks | 30/36 | €303,865 | €0 | -€303,865 | -100.0% |
| Amounts receivable within one year | 40/41 | €898,795 | €1,066,935 | +€168,140 | +18.7% |
| Trade receivables | 40 | €155,000 | €155,000 | = | 0.0% |
| Other amounts receivable | 41 | €743,795 | €911,935 | +€168,140 | +22.6% |
| Cash at bank and in hand | 54/58 | €23,968 | €466 | -€23,501 | -98.1% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,402 | -€166 | -10.6% |
| Total equity and liabilities | 10/49 | €1,399,196 | €1,239,804 | -€159,392 | -11.4% |
| Equity | 10/15 | €656,643 | €671,523 | +€14,880 | +2.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Reserves | 13 | €77,016 | €77,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | - | -€6,197 | |
| Distributable reserves | 133 | €70,819 | €70,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | €517,654 | €532,534 | +€14,880 | +2.9% |
| Amounts payable | 17/49 | €742,553 | €568,281 | -€174,272 | -23.5% |
| Amounts payable within one year | 42/48 | €725,888 | €541,859 | -€184,029 | -25.4% |
| Financial debts | 43 | €407,962 | €160,793 | -€247,168 | -60.6% |
| Credit institutions | 430/8 | €407,962 | €160,793 | -€247,168 | -60.6% |
| Trade debts | 44 | €5,771 | €2,420 | -€3,351 | -58.1% |
| Suppliers | 440/4 | €5,771 | €2,420 | -€3,351 | -58.1% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €312,155 | €378,646 | +€66,490 | +21.3% |
| Accrued charges and deferred income | 492/3 | €16,666 | €26,422 | +€9,756 | +58.5% |
| Other operating charges | 640/8 | €30,215 | €14,046 | -€16,169 | -53.5% |
| Gross operating margin | 9900 | -€39,725 | €36,890 | +€76,615 | |
| Operating profit (loss) | 9901 | -€69,940 | €22,844 | +€92,784 | |
| Financial income | 75/76B | €532,690 | €34,451 | -€498,239 | -93.5% |
| Recurring financial income | 75 | €532,690 | €34,451 | -€498,239 | -93.5% |
| Financial charges | 65/66B | €83,028 | €37,027 | -€46,001 | -55.4% |
| Recurring financial charges | 65 | €83,028 | €37,027 | -€46,001 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €379,722 | €20,268 | -€359,454 | -94.7% |
| Income taxes | 67/77 | €65,690 | €5,388 | -€60,302 | -91.8% |
| Profit (loss) for the period | 9904 | €314,032 | €14,880 | -€299,152 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €314,032 | €14,880 | -€299,152 | -95.3% |
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 10 October 2026 via checked.be.