IMMO KENIS: 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 KENIS
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€17,056
2024 · -€18,776+€1,720
Equity
€530,532
2024 · €547,588-€17,056
Cash
€6,018
2024 · €1,964+€4,054
Balance sheet total
€975,308
2024 · €983,049-€7,741
Largest movements
Assets
- Tangible fixed assets -€11,796
down €11,796 (-1.9%), from €614,892 to €603,096
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€4,168
up €4,168 (+220%), from €1,895 to €6,063
- Financial charges -€1,007
down €1,007 (-12.3%), from €8,185 to €7,178
- Other operating charges -€936
down €936 (-45.2%), from €2,072 to €1,136
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
-€18,776
Gross operating margin
+€4,168
Depreciation
+€1
Other operating charges
+€936
Financial income
-€46
Financial charges
+€1,007
Deferred taxes and other
-€4,346
Result 2025
-€17,056
raises the resultlowers the resultnot broken down further in the accounts
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
-€2,080
Investment
€0
Financing
+€6,134
Cash 2024
€1,964
From operations (derived)
-€2,080
Net result for the year
-€17,056
Depreciation
+€11,796
Receivables within one year
-€1
Provisions
+€3,009
Trade debts
+€172
Financing
+€6,134
Current portion of long-term debt
+€6,134
Cash 2025
€6,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €983,049 | €975,308 | -€7,741 | -0.8% |
| Fixed assets | 21/28 | €927,391 | €915,595 | -€11,796 | -1.3% |
| Tangible fixed assets | 22/27 | €614,892 | €603,096 | -€11,796 | -1.9% |
| Land and buildings | 22 | €614,892 | €603,096 | -€11,796 | -1.9% |
| Financial fixed assets | 28 | €312,499 | €312,499 | = | 0.0% |
| Current assets | 29/58 | €55,658 | €59,713 | +€4,055 | +7.3% |
| Amounts receivable within one year | 40/41 | €53,694 | €53,695 | +€1 | 0.0% |
| Other amounts receivable | 41 | €53,694 | €53,695 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,964 | €6,018 | +€4,054 | +206% |
| Total equity and liabilities | 10/49 | €983,049 | €975,308 | -€7,741 | -0.8% |
| Equity | 10/15 | €547,588 | €530,532 | -€17,056 | -3.1% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Capital | 10 | €104,115 | €104,115 | = | 0.0% |
| Issued capital | 100 | €104,115 | €104,115 | = | 0.0% |
| Revaluation surpluses | 12 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | €83,166 | €73,470 | -€9,696 | -11.7% |
| Non-distributable reserves | 130/1 | €414 | €414 | = | 0.0% |
| Legal reserve | 130 | €414 | €414 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,893 | €65,197 | -€9,696 | -12.9% |
| Distributable reserves | 133 | €7,859 | €7,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,693 | -€67,053 | -€7,360 | -12.3% |
| Provisions and deferred taxes | 16 | €18,723 | €21,732 | +€3,009 | +16.1% |
| Deferred taxes | 168 | €18,723 | €21,732 | +€3,009 | +16.1% |
| Amounts payable | 17/49 | €416,738 | €423,044 | +€6,306 | +1.5% |
| Amounts payable after more than one year | 17 | €373,897 | €373,897 | = | 0.0% |
| Financial debts | 170/4 | €373,897 | €373,897 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,941 | €48,247 | +€6,306 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €37,141 | €43,275 | +€6,134 | +16.5% |
| Trade debts | 44 | €198 | €370 | +€172 | +86.9% |
| Suppliers | 440/4 | €198 | €370 | +€172 | +86.9% |
| Taxes, remuneration and social security | 45 | €4,602 | €4,602 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,602 | €4,602 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,797 | €11,796 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,072 | €1,136 | -€936 | -45.2% |
| Gross operating margin | 9900 | €1,895 | €6,063 | +€4,168 | +220% |
| Operating profit (loss) | 9901 | -€11,974 | -€6,869 | +€5,105 | +42.6% |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Financial charges | 65/66B | €8,185 | €7,178 | -€1,007 | -12.3% |
| Recurring financial charges | 65 | €8,185 | €7,178 | -€1,007 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,113 | -€14,047 | +€6,066 | +30.2% |
| Transfer from deferred taxes | 780 | €1,337 | - | -€1,337 | |
| Transfer to deferred taxes | 680 | - | €3,009 | +€3,009 | |
| Profit (loss) for the period | 9904 | -€18,776 | -€17,056 | +€1,720 | +9.2% |
| Transfer from tax-exempt reserves | 789 | €5,349 | €9,696 | +€4,347 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,427 | -€7,360 | +€6,067 | +45.2% |
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.