IMMO KEWI: 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 KEWI
Largest movements
- Current investments +€702,258
up €702,258 (+4042.7%), from €17,371 to €719,629
- Cash -€662,919
down €662,919 (-82.4%), from €804,628 to €141,709
mainly Current investments (-€702,258) and Tax, wage and social debts (-€2,040)
- Tangible fixed assets -€24,369
down €24,369 (-6.6%), from €371,257 to €346,888
- Reserves +€17,076
up €17,076 (+1.9%), from €883,493 to €900,569
of which Distributable reserves: +€17,076
- Gross operating margin -€95,663
down €95,663 (-60.8%), from €157,370 to €61,708
- Taxes -€26,998
down €26,998 (-81.0%), from €33,345 to €6,346
- Financial income +€13,213
up €13,213 (+2008.7%), from €658 to €13,870
- Financial charges -€4,467
down €4,467, from €1,282 to -€3,185
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 | €1,195,772 | €1,210,969 | +€15,198 | +1.3% |
| Fixed assets | 21/28 | €372,257 | €347,888 | -€24,369 | -6.5% |
| Tangible fixed assets | 22/27 | €371,257 | €346,888 | -€24,369 | -6.6% |
| Land and buildings | 22 | €371,257 | €346,888 | -€24,369 | -6.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €823,515 | €863,081 | +€39,567 | +4.8% |
| Current investments | 50/53 | €17,371 | €719,629 | +€702,258 | +4042.7% |
| Cash at bank and in hand | 54/58 | €804,628 | €141,709 | -€662,919 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,515 | €1,743 | +€228 | +15.1% |
| Total equity and liabilities | 10/49 | €1,195,772 | €1,210,969 | +€15,198 | +1.3% |
| Equity | 10/15 | €1,170,005 | €1,187,080 | +€17,076 | +1.5% |
| Contributions | 10/11 | €284,000 | €284,000 | = | 0.0% |
| Capital | 10 | €284,000 | €284,000 | = | 0.0% |
| Issued capital | 100 | €284,000 | €284,000 | = | 0.0% |
| Reserves | 13 | €883,493 | €900,569 | +€17,076 | +1.9% |
| Non-distributable reserves | 130/1 | €64,948 | €64,948 | = | 0.0% |
| Legal reserve | 130 | €64,948 | €64,948 | = | 0.0% |
| Distributable reserves | 133 | €818,545 | €835,620 | +€17,076 | +2.1% |
| Profit (loss) carried forward | 14 | €2,512 | €2,512 | = | 0.0% |
| Amounts payable | 17/49 | €25,767 | €23,889 | -€1,878 | -7.3% |
| Amounts payable within one year | 42/48 | €25,767 | €23,889 | -€1,878 | -7.3% |
| Trade debts | 44 | €2,709 | €2,871 | +€162 | +6.0% |
| Suppliers | 440/4 | €2,709 | €2,871 | +€162 | +6.0% |
| Taxes, remuneration and social security | 45 | €23,058 | €21,018 | -€2,040 | -8.8% |
| Taxes | 450/3 | €23,058 | €21,018 | -€2,040 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,369 | €24,369 | = | 0.0% |
| Other operating charges | 640/8 | €29,849 | €30,972 | +€1,123 | +3.8% |
| Gross operating margin | 9900 | €157,370 | €61,708 | -€95,663 | -60.8% |
| Operating profit (loss) | 9901 | €103,152 | €6,366 | -€96,786 | -93.8% |
| Financial income | 75/76B | €658 | €13,870 | +€13,213 | +2008.7% |
| Recurring financial income | 75 | €658 | €13,870 | +€13,213 | +2008.7% |
| Financial charges | 65/66B | €1,282 | -€3,185 | -€4,467 | |
| Recurring financial charges | 65 | €1,282 | -€3,185 | -€4,467 | |
| Profit (loss) for the period before taxes | 9903 | €102,528 | €23,422 | -€79,106 | -77.2% |
| Income taxes | 67/77 | €33,345 | €6,346 | -€26,998 | -81.0% |
| Profit (loss) for the period | 9904 | €69,183 | €17,076 | -€52,108 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,183 | €17,076 | -€52,108 | -75.3% |
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 12 October 2026 via checked.be.