IMMO KEYSERLEI: 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 KEYSERLEI
Largest movements
- Tangible fixed assets +€421,973
up €421,973 (+19.4%), from €2.2m to €2.6m
of which Land and buildings: +€376,171
- Cash +€80,467
up €80,467 (+33.0%), from €244,089 to €324,556
mainly Contributions, distributions and other (+€382,200) and Other debts (+€96,331)
- Contributions +€382,200
up €382,200 (+26.5%), from €1.4m to €1.8m
- Other debts +€96,331
up €96,331 (+32.6%), from €295,393 to €391,724
- Gross operating margin +€45,801
up €45,801 (+43.2%), from €105,978 to €151,780
- Depreciation -€10,697
down €10,697 (-14.4%), from €74,130 to €63,432
- Taxes +€9,764
up €9,764 (+6102.2%), from €160 to €9,924
- Financial charges +€4,367
up €4,367 (+14.8%), from €29,528 to €33,895
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 | €2,439,447 | €2,935,468 | +€496,021 | +20.3% |
| Fixed assets | 21/28 | €2,180,389 | €2,602,362 | +€421,973 | +19.4% |
| Tangible fixed assets | 22/27 | €2,180,389 | €2,602,362 | +€421,973 | +19.4% |
| Land and buildings | 22 | €2,173,768 | €2,549,939 | +€376,171 | +17.3% |
| Plant, machinery and equipment | 23 | €1,325 | €1,639 | +€314 | +23.7% |
| Furniture and vehicles | 24 | €5,296 | €50,784 | +€45,488 | +858.9% |
| Current assets | 29/58 | €259,058 | €333,106 | +€74,047 | +28.6% |
| Amounts receivable within one year | 40/41 | €10,257 | €76 | -€10,181 | -99.3% |
| Other amounts receivable | 41 | €10,257 | €76 | -€10,181 | -99.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €244,089 | €324,556 | +€80,467 | +33.0% |
| Deferred charges and accrued income | 490/1 | €4,712 | €8,473 | +€3,761 | +79.8% |
| Total equity and liabilities | 10/49 | €2,439,447 | €2,935,468 | +€496,021 | +20.3% |
| Equity | 10/15 | €1,891,801 | €2,299,937 | +€408,137 | +21.6% |
| Contributions | 10/11 | €1,442,260 | €1,824,460 | +€382,200 | +26.5% |
| Capital | 10 | €1,442,260 | €1,824,460 | +€382,200 | +26.5% |
| Issued capital | 100 | €1,442,260 | €1,824,460 | +€382,200 | +26.5% |
| Reserves | 13 | €58,944 | €74,311 | +€15,367 | +26.1% |
| Non-distributable reserves | 130/1 | €58,944 | €60,311 | +€1,367 | +2.3% |
| Legal reserve | 130 | €58,944 | €60,311 | +€1,367 | +2.3% |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | €390,597 | €401,167 | +€10,570 | +2.7% |
| Amounts payable | 17/49 | €547,647 | €635,531 | +€87,884 | +16.0% |
| Amounts payable after more than one year | 17 | €215,917 | €203,257 | -€12,659 | -5.9% |
| Financial debts | 170/4 | €215,917 | €203,257 | -€12,659 | -5.9% |
| Amounts payable within one year | 42/48 | €307,963 | €406,175 | +€98,212 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €12,199 | €12,659 | +€460 | +3.8% |
| Trade debts | 44 | €371 | €1,792 | +€1,421 | +382.4% |
| Suppliers | 440/4 | €371 | €1,792 | +€1,421 | +382.4% |
| Other amounts payable | 47/48 | €295,393 | €391,724 | +€96,331 | +32.6% |
| Accrued charges and deferred income | 492/3 | €23,767 | €26,098 | +€2,331 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,130 | €63,432 | -€10,697 | -14.4% |
| Other operating charges | 640/8 | €18,402 | €18,593 | +€190 | +1.0% |
| Gross operating margin | 9900 | €105,978 | €151,780 | +€45,801 | +43.2% |
| Operating profit (loss) | 9901 | €13,447 | €69,755 | +€56,308 | +418.8% |
| Financial income | 75/76B | €604 | €0 | -€604 | -100.0% |
| Recurring financial income | 75 | €604 | €0 | -€604 | -100.0% |
| Financial charges | 65/66B | €29,528 | €33,895 | +€4,367 | +14.8% |
| Recurring financial charges | 65 | €29,528 | €33,895 | +€4,367 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,477 | €35,860 | +€51,337 | |
| Income taxes | 67/77 | €160 | €9,924 | +€9,764 | +6102.2% |
| Profit (loss) for the period | 9904 | -€15,637 | €25,937 | +€41,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,637 | €25,937 | +€41,573 |
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 11 October 2026 via checked.be.