Immo KMDV: what changed
Two fiscal 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 KMDV
Largest movements
- Tangible fixed assets +€199,237
up €199,237 (+93.6%), from €212,968 to €412,206
- Cash -€164,896
down €164,896 (-71.8%), from €229,521 to €64,624
mainly Investment in fixed assets (net) (-€202,446) and Net result for the year (-€55,409)
- Other debts +€75,000
up €75,000 (+375.5%), from €19,975 to €94,975
- Profit (loss) carried forward -€55,409
down €55,409 (-85.0%), from -€65,165 to -€120,574
- Trade debts +€11,917
up €11,917 (+6942.0%), from €172 to €12,089
- Tax, wage and social debts +€8,912
up €8,912 (+805.1%), from €1,107 to €10,019
of which Taxes: +€6,315
- Debts after one year -€7,044
down €7,044 (-3.9%), from €182,629 to €175,585
- Staff costs +€19,730
up €19,730 (+588.4%), from €3,353 to €23,084
- Gross operating margin +€5,250
up €5,250 (+19.1%), from -€27,505 to -€22,255
- Financial charges +€4,472
up €4,472 (+467.6%), from €956 to €5,428
- Financial income -€3,742
down €3,742 (-100.0%), from €3,742 to €0
- Depreciation +€3,092
up €3,092 (+2652.2%), from €117 to €3,209
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 | €445,531 | €478,098 | +€32,566 | +7.3% |
| Fixed assets | 21/28 | €212,968 | €412,206 | +€199,237 | +93.6% |
| Tangible fixed assets | 22/27 | €212,968 | €412,206 | +€199,237 | +93.6% |
| Land and buildings | 22 | €212,968 | €412,206 | +€199,237 | +93.6% |
| Current assets | 29/58 | €232,563 | €65,892 | -€166,671 | -71.7% |
| Amounts receivable within one year | 40/41 | €2,700 | €1,189 | -€1,511 | -56.0% |
| Trade receivables | 40 | €345 | €1,189 | +€844 | +244.9% |
| Other amounts receivable | 41 | €2,355 | - | -€2,355 | |
| Cash at bank and in hand | 54/58 | €229,521 | €64,624 | -€164,896 | -71.8% |
| Deferred charges and accrued income | 490/1 | €343 | €79 | -€263 | -76.9% |
| Total equity and liabilities | 10/49 | €445,531 | €478,098 | +€32,566 | +7.3% |
| Equity | 10/15 | €234,835 | €179,426 | -€55,409 | -23.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,165 | -€120,574 | -€55,409 | -85.0% |
| Amounts payable | 17/49 | €210,696 | €298,672 | +€87,975 | +41.8% |
| Amounts payable after more than one year | 17 | €182,629 | €175,585 | -€7,044 | -3.9% |
| Financial debts | 170/4 | €182,629 | €175,585 | -€7,044 | -3.9% |
| Amounts payable within one year | 42/48 | €28,067 | €123,086 | +€95,020 | +338.5% |
| Current portion of amounts payable after more than one year | 42 | €6,813 | €6,003 | -€810 | -11.9% |
| Trade debts | 44 | €172 | €12,089 | +€11,917 | +6942.0% |
| Suppliers | 440/4 | €172 | €12,089 | +€11,917 | +6942.0% |
| Taxes, remuneration and social security | 45 | €1,107 | €10,019 | +€8,912 | +805.1% |
| Taxes | 450/3 | €1,107 | €7,422 | +€6,315 | +570.5% |
| Remuneration and social security | 454/9 | - | €2,597 | +€2,597 | |
| Other amounts payable | 47/48 | €19,975 | €94,975 | +€75,000 | +375.5% |
| Remuneration, social security and pensions | 62 | €3,353 | €23,084 | +€19,730 | +588.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €3,209 | +€3,092 | +2652.2% |
| Other operating charges | 640/8 | €4,047 | €1,433 | -€2,614 | -64.6% |
| Gross operating margin | 9900 | -€27,505 | -€22,255 | +€5,250 | +19.1% |
| Operating profit (loss) | 9901 | -€35,022 | -€49,981 | -€14,959 | -42.7% |
| Financial income | 75/76B | €3,742 | €0 | -€3,742 | -100.0% |
| Recurring financial income | 75 | €3,742 | €0 | -€3,742 | -100.0% |
| Financial charges | 65/66B | €956 | €5,428 | +€4,472 | +467.6% |
| Recurring financial charges | 65 | €956 | €5,428 | +€4,472 | +467.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,237 | -€55,409 | -€23,173 | -71.9% |
| Profit (loss) for the period | 9904 | -€32,237 | -€55,409 | -€23,173 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,237 | -€55,409 | -€23,173 | -71.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.