IMMO KLAVERTJE VIER: 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 KLAVERTJE VIER
Largest movements
- Tangible fixed assets +€321,127
up €321,127 (+10.9%), from €2.9m to €3.3m
of which Land and buildings: +€321,127
- Short-term financial debts +€396,000
up €396,000 (+97.8%), from €405,000 to €801,000
- Reserves -€72,734
down €72,734 (-47.0%), from €154,642 to €81,908
- Debts after one year -€34,857
down €34,857 (-1.7%), from €2.0m to €2.0m
of which Financial debts: -€180,275
- Depreciation +€60,862
up €60,862 (+53.4%), from €113,939 to €174,801
- Gross operating margin -€29,647
down €29,647 (-11.9%), from €248,758 to €219,111
- Financial charges +€11,449
up €11,449 (+13.0%), from €88,163 to €99,612
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 | €2,977,777 | €3,301,159 | +€323,382 | +10.9% |
| Fixed assets | 21/28 | €2,943,445 | €3,264,572 | +€321,127 | +10.9% |
| Tangible fixed assets | 22/27 | €2,943,445 | €3,264,572 | +€321,127 | +10.9% |
| Land and buildings | 22 | €2,460,028 | €2,781,156 | +€321,127 | +13.1% |
| Other tangible fixed assets | 26 | €483,417 | €483,417 | = | 0.0% |
| Current assets | 29/58 | €34,332 | €36,587 | +€2,255 | +6.6% |
| Amounts receivable within one year | 40/41 | €944 | €8,779 | +€7,835 | +830% |
| Trade receivables | 40 | €712 | €8,122 | +€7,411 | +1,041% |
| Other amounts receivable | 41 | €232 | €657 | +€425 | +183% |
| Cash at bank and in hand | 54/58 | €6,192 | €4,809 | -€1,383 | -22.3% |
| Deferred charges and accrued income | 490/1 | €27,196 | €22,999 | -€4,198 | -15.4% |
| Total equity and liabilities | 10/49 | €2,977,777 | €3,301,159 | +€323,382 | +10.9% |
| Equity | 10/15 | €362,266 | €289,532 | -€72,734 | -20.1% |
| Contributions | 10/11 | €207,624 | €207,624 | = | 0.0% |
| Reserves | 13 | €154,642 | €81,908 | -€72,734 | -47.0% |
| Distributable reserves | 133 | €154,642 | €81,908 | -€72,734 | -47.0% |
| Amounts payable | 17/49 | €2,615,511 | €3,011,627 | +€396,116 | +15.1% |
| Amounts payable after more than one year | 17 | €2,011,098 | €1,976,241 | -€34,857 | -1.7% |
| Financial debts | 170/4 | €1,507,187 | €1,326,913 | -€180,275 | -12.0% |
| Other amounts payable | 178/9 | €503,911 | €649,328 | +€145,418 | +28.9% |
| Amounts payable within one year | 42/48 | €584,301 | €982,534 | +€398,233 | +68.2% |
| Current portion of amounts payable after more than one year | 42 | €178,745 | €180,275 | +€1,529 | +0.9% |
| Financial debts | 43 | €405,000 | €801,000 | +€396,000 | +97.8% |
| Credit institutions | 430/8 | €405,000 | €801,000 | +€396,000 | +97.8% |
| Trade debts | 44 | €56 | €759 | +€704 | +1,259% |
| Suppliers | 440/4 | €56 | €759 | +€704 | +1,259% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20,112 | €52,852 | +€32,741 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,939 | €174,801 | +€60,862 | +53.4% |
| Other operating charges | 640/8 | €16,016 | €17,432 | +€1,416 | +8.8% |
| Gross operating margin | 9900 | €248,758 | €219,111 | -€29,647 | -11.9% |
| Operating profit (loss) | 9901 | €118,804 | €26,878 | -€91,926 | -77.4% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €88,163 | €99,612 | +€11,449 | +13.0% |
| Recurring financial charges | 65 | €88,163 | €99,612 | +€11,449 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €30,729 | -€72,734 | -€103,463 | |
| Profit (loss) for the period | 9904 | €30,729 | -€72,734 | -€103,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,729 | -€72,734 | -€103,463 |
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 21 October 2026 via checked.be.