Immo Kemmelberg: what changed
Immo Kemmelberg
Largest movements
- Cash -€2.4m
down €2.4m (-96.3%), from €2.5m to €92,492
mainly Receivables within one year (-€2.2m) and Debts after one year (-€176,719)
- Receivables within one year +€2.2m
up €2.2m (+133,996%), from €1,666 to €2.2m
of which Other amounts receivable: +€2.2m
- Tangible fixed assets -€153,470
down €153,470 (-4.6%), from €3.4m to €3.2m
- Debts after one year -€176,719
down €176,719 (-6.3%), from €2.8m to €2.6m
- Profit (loss) carried forward -€133,701
down €133,701 (-43.1%), from -€310,118 to -€443,819
- Gross operating margin +€112,641
up €112,641, from -€15,106 to €97,535
- Financial income +€35,053
up €35,053 (+45,183%), from €78 to €35,131
- Depreciation -€3,627
down €3,627 (-2.3%), from €157,096 to €153,470
- Financial charges +€1,857
up €1,857 (+1.7%), from €110,832 to €112,689
of which Financial charges: +€2,899
- Other operating charges -€1,614
down €1,614 (-92.2%), from €1,751 to €137
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,978,226 | €5,666,983 | -€311,244 | -5.2% |
| Fixed assets | 21/28 | €3,493,901 | €3,340,431 | -€153,470 | -4.4% |
| Tangible fixed assets | 22/27 | €3,369,493 | €3,216,023 | -€153,470 | -4.6% |
| Land and buildings | 22 | €3,369,493 | €3,216,023 | -€153,470 | -4.6% |
| Financial fixed assets | 28 | €124,408 | €124,408 | = | 0.0% |
| Current assets | 29/58 | €2,484,326 | €2,326,552 | -€157,774 | -6.4% |
| Amounts receivable within one year | 40/41 | €1,666 | €2,234,060 | +€2.2m | +133,996% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,666 | €2,234,060 | +€2.2m | +133,996% |
| Cash at bank and in hand | 54/58 | €2,482,660 | €92,492 | -€2.4m | -96.3% |
| Total equity and liabilities | 10/49 | €5,978,226 | €5,666,983 | -€311,244 | -5.2% |
| Equity | 10/15 | €2,446,682 | €2,312,981 | -€133,701 | -5.5% |
| Contributions | 10/11 | €2,756,800 | €2,756,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,118 | -€443,819 | -€133,701 | -43.1% |
| Amounts payable | 17/49 | €3,531,544 | €3,354,001 | -€177,543 | -5.0% |
| Amounts payable after more than one year | 17 | €2,804,055 | €2,627,337 | -€176,719 | -6.3% |
| Financial debts | 170/4 | €2,804,055 | €2,627,337 | -€176,719 | -6.3% |
| Amounts payable within one year | 42/48 | €727,488 | €726,665 | -€824 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €175,920 | €176,719 | +€798 | +0.5% |
| Trade debts | 44 | €11,076 | €0 | -€11,076 | -100% |
| Suppliers | 440/4 | €11,076 | €0 | -€11,076 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €540,492 | €549,946 | +€9,453 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,096 | €153,470 | -€3,627 | -2.3% |
| Other operating charges | 640/8 | €1,751 | €137 | -€1,614 | -92.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€15,106 | €97,535 | +€112,641 | |
| Operating profit (loss) | 9901 | -€173,953 | -€56,071 | +€117,882 | +67.8% |
| Financial income | 75/76B | €78 | €35,131 | +€35,053 | +45,183% |
| Recurring financial income | 75 | €78 | €35,131 | +€35,053 | +45,183% |
| Financial charges | 65/66B | €110,832 | €112,689 | +€1,857 | +1.7% |
| Recurring financial charges | 65 | €109,790 | €112,689 | +€2,899 | +2.6% |
| Non-recurring financial charges | 66B | €1,042 | €0 | -€1,042 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€284,708 | -€133,629 | +€151,078 | +53.1% |
| Income taxes | 67/77 | €0 | €72 | +€72 | |
| Profit (loss) for the period | 9904 | -€284,708 | -€133,701 | +€151,007 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€284,708 | -€133,701 | +€151,007 | +53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.