IMMO-KELHER: 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-KELHER
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€36,414
up €36,414 (+88.6%), from €41,087 to €77,501
mainly Current investments (+€50,000) and Net result for the year (+€24,867)
- Tangible fixed assets +€7,169
up €7,169 (+3.9%), from €182,660 to €189,828
- Debts after one year -€15,000
down €15,000 (-28.1%), from €53,334 to €38,334
- Reserves +€7,695
up €7,695 (+4.3%), from €180,593 to €188,288
- Current portion of long-term debt +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Other debts -€3,455
down €3,455 (-61.7%), from €5,600 to €2,145
- Other operating charges +€1,483
up €1,483 (+47.4%), from €3,130 to €4,613
- Financial income +€900
up €900 (+150.1%), from €600 to €1,500
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 | €278,116 | €273,281 | -€4,836 | -1.7% |
| Fixed assets | 21/28 | €182,660 | €189,828 | +€7,169 | +3.9% |
| Tangible fixed assets | 22/27 | €182,660 | €189,828 | +€7,169 | +3.9% |
| Land and buildings | 22 | €182,660 | €189,828 | +€7,169 | +3.9% |
| Current assets | 29/58 | €95,457 | €83,452 | -€12,004 | -12.6% |
| Amounts receivable within one year | 40/41 | €3,616 | €5,205 | +€1,590 | +44.0% |
| Trade receivables | 40 | - | €960 | +€960 | |
| Other amounts receivable | 41 | €3,616 | €4,245 | +€630 | +17.4% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €41,087 | €77,501 | +€36,414 | +88.6% |
| Deferred charges and accrued income | 490/1 | €754 | €746 | -€8 | -1.0% |
| Total equity and liabilities | 10/49 | €278,116 | €273,281 | -€4,836 | -1.7% |
| Equity | 10/15 | €200,259 | €207,954 | +€7,695 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,593 | €188,288 | +€7,695 | +4.3% |
| Distributable reserves | 133 | €180,593 | €188,288 | +€7,695 | +4.3% |
| Profit (loss) carried forward | 14 | €1,066 | €1,066 | = | 0.0% |
| Amounts payable | 17/49 | €77,857 | €65,326 | -€12,531 | -16.1% |
| Amounts payable after more than one year | 17 | €53,334 | €38,334 | -€15,000 | -28.1% |
| Financial debts | 170/4 | €53,334 | €38,334 | -€15,000 | -28.1% |
| Amounts payable within one year | 42/48 | €23,119 | €24,683 | +€1,563 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Taxes, remuneration and social security | 45 | €2,519 | €2,538 | +€19 | +0.7% |
| Taxes | 450/3 | €2,519 | €2,538 | +€19 | +0.7% |
| Other amounts payable | 47/48 | €5,600 | €2,145 | -€3,455 | -61.7% |
| Accrued charges and deferred income | 492/3 | €1,405 | €2,310 | +€906 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,277 | €22,363 | +€85 | +0.4% |
| Other operating charges | 640/8 | €3,130 | €4,613 | +€1,483 | +47.4% |
| Gross operating margin | 9900 | €63,018 | €63,008 | -€10 | 0.0% |
| Operating profit (loss) | 9901 | €37,610 | €36,032 | -€1,578 | -4.2% |
| Financial income | 75/76B | €600 | €1,500 | +€900 | +150.1% |
| Recurring financial income | 75 | €600 | €1,500 | +€900 | +150.1% |
| Financial charges | 65/66B | €1,264 | €1,061 | -€203 | -16.0% |
| Recurring financial charges | 65 | €1,264 | €1,061 | -€203 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €36,946 | €36,471 | -€475 | -1.3% |
| Income taxes | 67/77 | €11,756 | €11,604 | -€151 | -1.3% |
| Profit (loss) for the period | 9904 | €25,191 | €24,867 | -€324 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,191 | €24,867 | -€324 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.