IMMO KIEWIT: 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 KIEWIT
Largest movements
- Cash +€15,834
up €15,834 (+40.9%), from €38,709 to €54,543
mainly Trade debts (+€21,278) and Depreciation (+€16,852)
- Receivables within one year -€11,130
down €11,130 (-4.0%), from €281,626 to €270,496
of which Other amounts receivable: -€12,830
- Tangible fixed assets +€6,112
up €6,112 (+3.8%), from €160,810 to €166,923
of which Land and buildings: +€13,402
- Trade debts +€21,278
up €21,278 (+1208.1%), from €1,761 to €23,039
- Profit (loss) carried forward -€9,533
down €9,533 (-42.1%), from -€22,664 to -€32,197
- Gross operating margin -€440,932
down €440,932 (-96.8%), from €455,553 to €14,621
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 | €541,146 | €551,962 | +€10,816 | +2.0% |
| Fixed assets | 21/28 | €160,810 | €166,923 | +€6,112 | +3.8% |
| Tangible fixed assets | 22/27 | €160,810 | €166,923 | +€6,112 | +3.8% |
| Land and buildings | 22 | €110,283 | €123,684 | +€13,402 | +12.2% |
| Plant, machinery and equipment | 23 | €609 | €135 | -€474 | -77.8% |
| Furniture and vehicles | 24 | - | €959 | +€959 | |
| Other tangible fixed assets | 26 | €49,919 | €42,144 | -€7,775 | -15.6% |
| Current assets | 29/58 | €380,335 | €385,039 | +€4,704 | +1.2% |
| Amounts receivable within one year | 40/41 | €281,626 | €270,496 | -€11,130 | -4.0% |
| Trade receivables | 40 | - | €1,700 | +€1,700 | |
| Other amounts receivable | 41 | €281,626 | €268,796 | -€12,830 | -4.6% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,709 | €54,543 | +€15,834 | +40.9% |
| Total equity and liabilities | 10/49 | €541,146 | €551,962 | +€10,816 | +2.0% |
| Equity | 10/15 | €414,337 | €404,804 | -€9,533 | -2.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €337,843 | €337,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €327,928 | €327,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,664 | -€32,197 | -€9,533 | -42.1% |
| Provisions and deferred taxes | 16 | €109,309 | €109,309 | = | 0.0% |
| Deferred taxes | 168 | €109,309 | €109,309 | = | 0.0% |
| Amounts payable | 17/49 | €17,499 | €37,848 | +€20,349 | +116.3% |
| Amounts payable within one year | 42/48 | €2,690 | €23,039 | +€20,349 | +756.5% |
| Trade debts | 44 | €1,761 | €23,039 | +€21,278 | +1208.1% |
| Suppliers | 440/4 | €1,761 | €23,039 | +€21,278 | +1208.1% |
| Taxes, remuneration and social security | 45 | €929 | - | -€929 | |
| Taxes | 450/3 | €929 | - | -€929 | |
| Accrued charges and deferred income | 492/3 | €14,810 | €14,810 | = | 0.0% |
| Non-recurring operating income | 76A | €437,237 | - | -€437,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,189 | €16,852 | -€1,337 | -7.3% |
| Other operating charges | 640/8 | €9,754 | €6,418 | -€3,336 | -34.2% |
| Gross operating margin | 9900 | €455,553 | €14,621 | -€440,932 | -96.8% |
| Operating profit (loss) | 9901 | €427,611 | -€8,648 | -€436,259 | |
| Financial income | 75/76B | €110 | €0 | -€110 | -100.0% |
| Recurring financial income | 75 | €110 | €0 | -€110 | -100.0% |
| Financial charges | 65/66B | €2,461 | €885 | -€1,576 | -64.1% |
| Recurring financial charges | 65 | €2,461 | €885 | -€1,576 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €425,260 | -€9,533 | -€434,793 | |
| Transfer to deferred taxes | 680 | €109,309 | - | -€109,309 | |
| Income taxes | 67/77 | €903 | - | -€903 | |
| Profit (loss) for the period | 9904 | €315,048 | -€9,533 | -€324,581 | |
| Transfer to tax-exempt reserves | 689 | €327,928 | - | -€327,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,880 | -€9,533 | +€3,347 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.