IMMO KINZOUTE: 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 KINZOUTE
Largest movements
- Cash -€104,909
down €104,909 (-80.8%), from €129,809 to €24,899
mainly Receivables within one year (-€55,057) and Investment in fixed assets (net) (-€18,534)
- Receivables within one year +€55,057
up €55,057 (+203%), from €27,065 to €82,121
of which Other amounts receivable: +€65,177
- Tangible fixed assets +€18,534
up €18,534 (+3.1%), from €593,591 to €612,125
of which Leasing and similar rights: +€18,534
- Profit (loss) carried forward -€13,810
down €13,810 (-10.2%), from €135,494 to €121,684
- Tax, wage and social debts -€9,804
no longer reported in 2025 (was €9,804)
- Trade debts -€8,484
down €8,484 (-57.8%), from €14,677 to €6,194
- Gross operating margin -€49,187
down €49,187, from €36,697 to -€12,489
- Taxes -€8,964
no longer reported in 2025 (was €8,964)
- Other operating charges -€718
down €718 (-54.5%), from €1,318 to €600
- Financial charges +€515
up €515 (+250%), from €206 to €721
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 | €756,865 | €725,133 | -€31,732 | -4.2% |
| Fixed assets | 21/28 | €593,591 | €612,125 | +€18,534 | +3.1% |
| Tangible fixed assets | 22/27 | €593,591 | €612,125 | +€18,534 | +3.1% |
| Land and buildings | 22 | €396,354 | €396,354 | = | 0.0% |
| Leasing and similar rights | 25 | €197,237 | €215,771 | +€18,534 | +9.4% |
| Current assets | 29/58 | €163,274 | €113,008 | -€50,266 | -30.8% |
| Stocks and contracts in progress | 3 | €3,192 | €3,192 | = | 0.0% |
| Stocks | 30/36 | €3,192 | €3,192 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,065 | €82,121 | +€55,057 | +203% |
| Trade receivables | 40 | €16,054 | €5,934 | -€10,120 | -63.0% |
| Other amounts receivable | 41 | €11,011 | €76,187 | +€65,177 | +592% |
| Cash at bank and in hand | 54/58 | €129,809 | €24,899 | -€104,909 | -80.8% |
| Deferred charges and accrued income | 490/1 | €3,209 | €2,796 | -€413 | -12.9% |
| Total equity and liabilities | 10/49 | €756,865 | €725,133 | -€31,732 | -4.2% |
| Equity | 10/15 | €195,494 | €181,684 | -€13,810 | -7.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,494 | €121,684 | -€13,810 | -10.2% |
| Amounts payable | 17/49 | €561,371 | €543,449 | -€17,922 | -3.2% |
| Amounts payable after more than one year | 17 | €1,856 | €1,856 | = | 0.0% |
| Other amounts payable | 178/9 | €1,856 | €1,856 | = | 0.0% |
| Amounts payable within one year | 42/48 | €559,515 | €541,593 | -€17,922 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €4,749 | €5,000 | +€251 | +5.3% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €14,677 | €6,194 | -€8,484 | -57.8% |
| Suppliers | 440/4 | €14,677 | €6,194 | -€8,484 | -57.8% |
| Taxes, remuneration and social security | 45 | €9,804 | - | -€9,804 | |
| Taxes | 450/3 | €9,804 | - | -€9,804 | |
| Other amounts payable | 47/48 | €530,286 | €530,388 | +€102 | 0.0% |
| Non-recurring operating income | 76A | €20,334 | - | -€20,334 | |
| Other operating charges | 640/8 | €1,318 | €600 | -€718 | -54.5% |
| Gross operating margin | 9900 | €36,697 | -€12,489 | -€49,187 | |
| Operating profit (loss) | 9901 | €35,380 | -€13,089 | -€48,469 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -76.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -76.9% |
| Financial charges | 65/66B | €206 | €721 | +€515 | +250% |
| Recurring financial charges | 65 | €206 | €721 | +€515 | +250% |
| Profit (loss) for the period before taxes | 9903 | €35,174 | -€13,810 | -€48,984 | |
| Income taxes | 67/77 | €8,964 | - | -€8,964 | |
| Profit (loss) for the period | 9904 | €26,210 | -€13,810 | -€40,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,210 | -€13,810 | -€40,020 |
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 24 October 2026 via checked.be.