Immo Ken: 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 Ken
Largest movements
- Receivables within one year -€23,750
no longer reported in 2025 (was €23,750)
- Cash +€19,329
up €19,329 (+8.9%), from €218,282 to €237,611
mainly Receivables within one year (+€23,750) and Depreciation (+€6,653)
- Other debts -€13,523
down €13,523 (-2.4%), from €557,227 to €543,703
- Depreciation -€9,891
down €9,891 (-59.8%), from €16,544 to €6,653
- Other operating charges -€1,977
no longer reported in 2025 (was €1,977)
- Gross operating margin +€1,323
up €1,323 (+12.3%), from €10,793 to €12,117
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 | €1,036,591 | €1,028,473 | -€8,118 | -0.8% |
| Fixed assets | 21/28 | €794,559 | €790,862 | -€3,697 | -0.5% |
| Tangible fixed assets | 22/27 | €794,559 | €790,862 | -€3,697 | -0.5% |
| Land and buildings | 22 | €794,559 | €790,862 | -€3,697 | -0.5% |
| Current assets | 29/58 | €242,032 | €237,611 | -€4,421 | -1.8% |
| Amounts receivable within one year | 40/41 | €23,750 | - | -€23,750 | |
| Trade receivables | 40 | €23,750 | - | -€23,750 | |
| Cash at bank and in hand | 54/58 | €218,282 | €237,611 | +€19,329 | +8.9% |
| Total equity and liabilities | 10/49 | €1,036,591 | €1,028,473 | -€8,118 | -0.8% |
| Equity | 10/15 | €430,341 | €435,746 | +€5,405 | +1.3% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Outside capital | 11 | €19,831 | €19,831 | = | 0.0% |
| Share premium | 1100/10 | €19,831 | €19,831 | = | 0.0% |
| Revaluation surpluses | 12 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €92,237 | €92,237 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,237 | €92,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,728 | -€256,323 | +€5,405 | +2.1% |
| Provisions and deferred taxes | 16 | €49,024 | €49,024 | = | 0.0% |
| Deferred taxes | 168 | €49,024 | €49,024 | = | 0.0% |
| Amounts payable | 17/49 | €557,227 | €543,703 | -€13,523 | -2.4% |
| Amounts payable within one year | 42/48 | €557,227 | €543,703 | -€13,523 | -2.4% |
| Other amounts payable | 47/48 | €557,227 | €543,703 | -€13,523 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,544 | €6,653 | -€9,891 | -59.8% |
| Other operating charges | 640/8 | €1,977 | - | -€1,977 | |
| Gross operating margin | 9900 | €10,793 | €12,117 | +€1,323 | +12.3% |
| Operating profit (loss) | 9901 | -€7,727 | €5,464 | +€13,191 | |
| Financial charges | 65/66B | €13 | €59 | +€47 | +372.0% |
| Recurring financial charges | 65 | €13 | €59 | +€47 | +372.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,740 | €5,405 | +€13,145 | |
| Profit (loss) for the period | 9904 | -€7,740 | €5,405 | +€13,145 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,740 | €5,405 | +€13,145 |
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 5 October 2026 via checked.be.