IMMO KBO: 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.
What changed
IMMO KBO
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,477
2024 · €26,118+€24,359
Equity
€9.1m
2024 · €9.1m+€50,477
Cash
€212,061
2024 · €166,283+€45,778
Balance sheet total
€21.1m
2024 · €20.8m+€218,956
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+8.3%), from €19.2m to €20.8m
of which Land and buildings: +€1.6m
- Receivables after one year -€1.3m
down €1.3m (-100%), from €1.3m to €0
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Other operating charges -€281,043
down €281,043 (-64.1%), from €438,769 to €157,726
- Depreciation +€182,623
up €182,623 (+35.9%), from €508,289 to €690,912
- Gross operating margin -€92,947
down €92,947 (-8.9%), from €1.0m to €946,042
- Financial charges -€78,927
down €78,927 (-74.5%), from €105,901 to €26,974
- Financial income -€56,349
down €56,349 (-97.5%), from €57,816 to €1,467
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.
Result 2024
€26,118
Gross operating margin
-€92,947
Staff costs
-€3,691
Depreciation
-€182,623
Other operating charges
+€281,043
Financial income
-€56,349
Financial charges
+€78,927
Taxes
-€1
Result 2025
€50,477
raises the resultlowers the result
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.
From operations
+€2.2m
Investment
-€2.2m
Financing
+€64,929
Cash 2024
€166,283
From operations (derived)
+€2.2m
Net result for the year
+€50,477
Depreciation
+€690,912
Receivables after one year
+€1.3m
Receivables within one year
-€13,964
Deferred charges and accrued income
+€100,685
Trade debts
-€23,033
Tax, wage and social debts
-€11,691
Other debts
+€138,274
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€64,929
Debts after one year
-€119,205
Current portion of long-term debt
+€4,134
Short-term financial debts
+€180,000
Cash 2025
€212,061
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,838,091 | €21,057,047 | +€218,956 | +1.1% |
| Fixed assets | 21/28 | €19,252,333 | €20,787,232 | +€1.5m | +8.0% |
| Tangible fixed assets | 22/27 | €19,202,333 | €20,787,232 | +€1.6m | +8.3% |
| Land and buildings | 22 | €19,144,013 | €20,724,204 | +€1.6m | +8.3% |
| Plant, machinery and equipment | 23 | €10,479 | €14,601 | +€4,123 | +39.3% |
| Furniture and vehicles | 24 | €47,841 | €48,427 | +€586 | +1.2% |
| Financial fixed assets | 28 | €50,000 | €0 | -€50,000 | -100% |
| Current assets | 29/58 | €1,585,758 | €269,815 | -€1.3m | -83.0% |
| Amounts receivable after more than one year | 29 | €1,275,000 | €0 | -€1.3m | -100% |
| Other amounts receivable | 291 | €1,275,000 | €0 | -€1.3m | -100% |
| Amounts receivable within one year | 40/41 | €42,379 | €56,344 | +€13,964 | +33.0% |
| Trade receivables | 40 | €40,958 | €56,344 | +€15,386 | +37.6% |
| Other amounts receivable | 41 | €1,422 | €0 | -€1,422 | -100% |
| Cash at bank and in hand | 54/58 | €166,283 | €212,061 | +€45,778 | +27.5% |
| Deferred charges and accrued income | 490/1 | €102,095 | €1,411 | -€100,685 | -98.6% |
| Total equity and liabilities | 10/49 | €20,838,091 | €21,057,047 | +€218,956 | +1.1% |
| Equity | 10/15 | €9,050,413 | €9,100,890 | +€50,477 | +0.6% |
| Contributions | 10/11 | €9,286,320 | €9,286,320 | = | 0.0% |
| Capital | 10 | €9,286,320 | €9,286,320 | = | 0.0% |
| Issued capital | 100 | €9,286,320 | €9,286,320 | = | 0.0% |
| Reserves | 13 | €51,184 | €51,184 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,377 | €8,377 | = | 0.0% |
| Legal reserve | 130 | €7,179 | €7,179 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,198 | €1,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,807 | €42,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,092 | -€236,614 | +€50,477 | +17.6% |
| Amounts payable | 17/49 | €11,787,678 | €11,956,157 | +€168,479 | +1.4% |
| Amounts payable after more than one year | 17 | €834,748 | €715,543 | -€119,205 | -14.3% |
| Financial debts | 170/4 | €834,748 | €715,543 | -€119,205 | -14.3% |
| Amounts payable within one year | 42/48 | €10,952,930 | €11,240,614 | +€287,684 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €117,071 | €121,205 | +€4,134 | +3.5% |
| Financial debts | 43 | - | €180,000 | +€180,000 | |
| Credit institutions | 430/8 | - | €180,000 | +€180,000 | |
| Trade debts | 44 | €67,251 | €44,217 | -€23,033 | -34.2% |
| Suppliers | 440/4 | €67,251 | €44,217 | -€23,033 | -34.2% |
| Taxes, remuneration and social security | 45 | €36,067 | €24,377 | -€11,691 | -32.4% |
| Taxes | 450/3 | €34,841 | €24,377 | -€10,464 | -30.0% |
| Remuneration and social security | 454/9 | €1,227 | €0 | -€1,227 | -100% |
| Other amounts payable | 47/48 | €10,732,541 | €10,870,815 | +€138,274 | +1.3% |
| Non-recurring operating income | 76A | €126 | €0 | -€126 | -100% |
| Remuneration, social security and pensions | 62 | €17,711 | €21,402 | +€3,691 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508,289 | €690,912 | +€182,623 | +35.9% |
| Other operating charges | 640/8 | €438,769 | €157,726 | -€281,043 | -64.1% |
| Gross operating margin | 9900 | €1,038,989 | €946,042 | -€92,947 | -8.9% |
| Operating profit (loss) | 9901 | €74,219 | €76,001 | +€1,782 | +2.4% |
| Financial income | 75/76B | €57,816 | €1,467 | -€56,349 | -97.5% |
| Recurring financial income | 75 | €57,816 | €1,467 | -€56,349 | -97.5% |
| Financial charges | 65/66B | €105,901 | €26,974 | -€78,927 | -74.5% |
| Recurring financial charges | 65 | €105,901 | €26,974 | -€78,927 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €26,133 | €50,494 | +€24,360 | +93.2% |
| Income taxes | 67/77 | €15 | €16 | +€1 | +8.4% |
| Profit (loss) for the period | 9904 | €26,118 | €50,477 | +€24,359 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,118 | €50,477 | +€24,359 | +93.3% |
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 18 October 2026 via checked.be.