IMMO KECECI: 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 KECECI
Largest movements
- Tangible fixed assets -€21,470
down €21,470 (-5.1%), from €418,507 to €397,037
of which Land and buildings: -€12,833
- Cash -€5,150
down €5,150 (-52.2%), from €9,859 to €4,709
mainly Debts after one year (-€33,157) and Other debts (-€4,000)
- Debts after one year -€33,157
down €33,157 (-9.3%), from €357,824 to €324,667
- Profit (loss) carried forward +€9,822
up €9,822 (+15.7%), from -€62,606 to -€52,784
- Gross operating margin +€2,847
up €2,847 (+7.1%), from €40,360 to €43,207
- Taxes -€1,441
no longer reported in 2025 (was €1,441)
- Financial charges +€478
up €478 (+7.4%), from €6,430 to €6,908
of which Non-recurring financial charges: +€248
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 | €471,679 | €444,812 | -€26,867 | -5.7% |
| Fixed assets | 21/28 | €418,507 | €397,037 | -€21,470 | -5.1% |
| Tangible fixed assets | 22/27 | €418,507 | €397,037 | -€21,470 | -5.1% |
| Land and buildings | 22 | €354,039 | €341,206 | -€12,833 | -3.6% |
| Furniture and vehicles | 24 | €19,655 | €17,064 | -€2,591 | -13.2% |
| Other tangible fixed assets | 26 | €44,813 | €38,767 | -€6,046 | -13.5% |
| Current assets | 29/58 | €53,172 | €47,775 | -€5,398 | -10.2% |
| Amounts receivable within one year | 40/41 | €43,314 | €43,065 | -€248 | -0.6% |
| Trade receivables | 40 | €12,244 | €11,996 | -€248 | -2.0% |
| Other amounts receivable | 41 | €31,069 | €31,069 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,859 | €4,709 | -€5,150 | -52.2% |
| Total equity and liabilities | 10/49 | €471,679 | €444,812 | -€26,867 | -5.7% |
| Equity | 10/15 | -€37,606 | -€27,784 | +€9,822 | +26.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,606 | -€52,784 | +€9,822 | +15.7% |
| Amounts payable | 17/49 | €509,285 | €472,596 | -€36,689 | -7.2% |
| Amounts payable after more than one year | 17 | €357,824 | €324,667 | -€33,157 | -9.3% |
| Financial debts | 170/4 | €357,824 | €324,667 | -€33,157 | -9.3% |
| Amounts payable within one year | 42/48 | €151,462 | €147,929 | -€3,532 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €32,689 | €33,157 | +€468 | +1.4% |
| Taxes, remuneration and social security | 45 | €1,441 | €1,441 | = | 0.0% |
| Taxes | 450/3 | €1,441 | €1,441 | = | 0.0% |
| Other amounts payable | 47/48 | €117,331 | €113,331 | -€4,000 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,512 | €21,470 | -€42 | -0.2% |
| Other operating charges | 640/8 | €4,829 | €5,008 | +€179 | +3.7% |
| Gross operating margin | 9900 | €40,360 | €43,207 | +€2,847 | +7.1% |
| Operating profit (loss) | 9901 | €14,020 | €16,730 | +€2,710 | +19.3% |
| Financial charges | 65/66B | €6,430 | €6,908 | +€478 | +7.4% |
| Recurring financial charges | 65 | €6,430 | €6,660 | +€230 | +3.6% |
| Non-recurring financial charges | 66B | - | €248 | +€248 | |
| Profit (loss) for the period before taxes | 9903 | €7,590 | €9,822 | +€2,232 | +29.4% |
| Income taxes | 67/77 | €1,441 | - | -€1,441 | |
| Profit (loss) for the period | 9904 | €6,148 | €9,822 | +€3,674 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,148 | €9,822 | +€3,674 | +59.8% |
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 15 October 2026 via checked.be.