IMMO KATRIEN: what changed
Two fiscal 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 KATRIEN
Largest movements
- Cash -€24,690
down €24,690 (-17.1%), from €144,140 to €119,450
mainly Debts after one year (-€31,183) and Other debts (-€12,696)
- Tangible fixed assets -€19,004
down €19,004 (-4.2%), from €451,843 to €432,839
of which Land and buildings: -€17,019
- Receivables within one year -€6,248
down €6,248 (-65.4%), from €9,558 to €3,310
of which Trade receivables: -€8,408
- Debts after one year -€31,183
down €31,183 (-12.2%), from €256,620 to €225,438
- Other debts -€12,696
down €12,696 (-37.3%), from €34,070 to €21,374
- Current portion of long-term debt -€11,908
down €11,908 (-27.6%), from €43,090 to €31,183
- Trade debts -€10,879
down €10,879 (-66.7%), from €16,306 to €5,426
- Reserves +€10,113
up €10,113 (+10.5%), from €96,696 to €106,809
of which Distributable reserves: +€10,113
- Taxes +€4,351
up €4,351 (+95.4%), from €4,558 to €8,909
- Financial charges -€3,408
down €3,408 (-33.8%), from €10,083 to €6,675
- Gross operating margin -€3,053
down €3,053 (-5.7%), from €53,653 to €50,600
- Depreciation +€2,843
up €2,843 (+13.6%), from €20,958 to €23,801
- Other operating charges -€1,717
down €1,717 (-52.8%), from €3,254 to €1,538
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 | €608,138 | €557,436 | -€50,702 | -8.3% |
| Fixed assets | 21/28 | €452,611 | €432,839 | -€19,772 | -4.4% |
| Tangible fixed assets | 22/27 | €451,843 | €432,839 | -€19,004 | -4.2% |
| Land and buildings | 22 | €441,254 | €424,235 | -€17,019 | -3.9% |
| Plant, machinery and equipment | 23 | €652 | €29 | -€623 | -95.5% |
| Furniture and vehicles | 24 | €5,871 | €3,312 | -€2,559 | -43.6% |
| Other tangible fixed assets | 26 | €4,065 | €5,263 | +€1,197 | +29.4% |
| Financial fixed assets | 28 | €768 | €0 | -€768 | -100.0% |
| Current assets | 29/58 | €155,526 | €124,596 | -€30,930 | -19.9% |
| Amounts receivable within one year | 40/41 | €9,558 | €3,310 | -€6,248 | -65.4% |
| Trade receivables | 40 | €9,413 | €1,005 | -€8,408 | -89.3% |
| Other amounts receivable | 41 | €146 | €2,305 | +€2,160 | +1482.6% |
| Cash at bank and in hand | 54/58 | €144,140 | €119,450 | -€24,690 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,828 | €1,836 | +€8 | +0.4% |
| Total equity and liabilities | 10/49 | €608,138 | €557,436 | -€50,702 | -8.3% |
| Equity | 10/15 | €115,296 | €125,409 | +€10,113 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,696 | €106,809 | +€10,113 | +10.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,696 | €106,809 | +€10,113 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €492,841 | €432,027 | -€60,815 | -12.3% |
| Amounts payable after more than one year | 17 | €256,620 | €225,438 | -€31,183 | -12.2% |
| Financial debts | 170/4 | €256,620 | €225,438 | -€31,183 | -12.2% |
| Amounts payable within one year | 42/48 | €232,480 | €205,020 | -€27,460 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €43,090 | €31,183 | -€11,908 | -27.6% |
| Trade debts | 44 | €16,306 | €5,426 | -€10,879 | -66.7% |
| Suppliers | 440/4 | €16,306 | €5,426 | -€10,879 | -66.7% |
| Advances received on contracts in progress | 46 | €125,294 | €127,223 | +€1,929 | +1.5% |
| Taxes, remuneration and social security | 45 | €13,720 | €19,815 | +€6,094 | +44.4% |
| Taxes | 450/3 | €13,010 | €19,815 | +€6,804 | +52.3% |
| Remuneration and social security | 454/9 | €710 | €0 | -€710 | -100.0% |
| Other amounts payable | 47/48 | €34,070 | €21,374 | -€12,696 | -37.3% |
| Accrued charges and deferred income | 492/3 | €3,741 | €1,568 | -€2,173 | -58.1% |
| Remuneration, social security and pensions | 62 | -€107 | €0 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,958 | €23,801 | +€2,843 | +13.6% |
| Other operating charges | 640/8 | €3,254 | €1,538 | -€1,717 | -52.8% |
| Gross operating margin | 9900 | €53,653 | €50,600 | -€3,053 | -5.7% |
| Operating profit (loss) | 9901 | €29,548 | €25,261 | -€4,287 | -14.5% |
| Financial income | 75/76B | €36 | €435 | +€399 | +1115.9% |
| Recurring financial income | 75 | €36 | €435 | +€399 | +1115.9% |
| Financial charges | 65/66B | €10,083 | €6,675 | -€3,408 | -33.8% |
| Recurring financial charges | 65 | €10,083 | €6,675 | -€3,408 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €19,501 | €19,021 | -€480 | -2.5% |
| Income taxes | 67/77 | €4,558 | €8,909 | +€4,351 | +95.4% |
| Profit (loss) for the period | 9904 | €14,943 | €10,113 | -€4,830 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,943 | €10,113 | -€4,830 | -32.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.