IMMO KERKOM: 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 KERKOM
Largest movements
- Tangible fixed assets -€38,201
down €38,201 (-7.4%), from €516,554 to €478,354
of which Land and buildings: -€34,008
- Receivables within one year -€24,811
down €24,811 (-25.1%), from €98,961 to €74,150
- Debts after one year -€70,947
down €70,947 (-10.6%), from €667,091 to €596,145
of which Financial debts: -€70,947
- Gross operating margin +€15,225
up €15,225 (+36.1%), from €42,123 to €57,348
- Other operating charges -€9,550
down €9,550 (-78.8%), from €12,123 to €2,573
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 | €620,514 | €556,970 | -€63,544 | -10.2% |
| Fixed assets | 21/28 | €517,454 | €479,254 | -€38,201 | -7.4% |
| Tangible fixed assets | 22/27 | €516,554 | €478,354 | -€38,201 | -7.4% |
| Land and buildings | 22 | €494,608 | €460,600 | -€34,008 | -6.9% |
| Plant, machinery and equipment | 23 | €21,947 | €17,754 | -€4,193 | -19.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €103,060 | €77,717 | -€25,344 | -24.6% |
| Amounts receivable within one year | 40/41 | €98,961 | €74,150 | -€24,811 | -25.1% |
| Other amounts receivable | 41 | €98,961 | €74,150 | -€24,811 | -25.1% |
| Cash at bank and in hand | 54/58 | €4,099 | €3,567 | -€532 | -13.0% |
| Total equity and liabilities | 10/49 | €620,514 | €556,970 | -€63,544 | -10.2% |
| Equity | 10/15 | -€126,450 | -€123,579 | +€2,870 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,050 | -€142,179 | +€2,870 | +2.0% |
| Amounts payable | 17/49 | €746,964 | €680,550 | -€66,414 | -8.9% |
| Amounts payable after more than one year | 17 | €667,091 | €596,145 | -€70,947 | -10.6% |
| Financial debts | 170/4 | €537,037 | €466,090 | -€70,947 | -13.2% |
| Other amounts payable | 178/9 | €130,055 | €130,055 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,763 | €80,295 | +€4,532 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €68,540 | €70,947 | +€2,406 | +3.5% |
| Trade debts | 44 | €2,945 | €4,571 | +€1,626 | +55.2% |
| Suppliers | 440/4 | €2,945 | €4,571 | +€1,626 | +55.2% |
| Other amounts payable | 47/48 | €4,278 | €4,778 | +€500 | +11.7% |
| Accrued charges and deferred income | 492/3 | €4,110 | €4,110 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,201 | €38,201 | = | 0.0% |
| Other operating charges | 640/8 | €12,123 | €2,573 | -€9,550 | -78.8% |
| Gross operating margin | 9900 | €42,123 | €57,348 | +€15,225 | +36.1% |
| Operating profit (loss) | 9901 | -€8,201 | €16,574 | +€24,774 | |
| Financial charges | 65/66B | €14,123 | €13,703 | -€420 | -3.0% |
| Recurring financial charges | 65 | €14,123 | €13,703 | -€420 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,324 | €2,870 | +€25,194 | |
| Profit (loss) for the period | 9904 | -€22,324 | €2,870 | +€25,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,324 | €2,870 | +€25,194 |
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.