IMMO KOLMEN: 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.
What changed
IMMO KOLMEN
NACE 68.204, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€192,392
2024 · €149,305+€43,087
Equity
€1.1m
2024 · €922,090+€192,392
Cash
€4,400
2024 · €6,168-€1,768
Balance sheet total
€13.8m
2024 · €14.4m-€598,306
Largest movements
Assets
- Tangible fixed assets -€573,577
down €573,577 (-4.0%), from €14.3m to €13.7m
Equity and liabilities
- Debts after one year -€830,081
down €830,081 (-9.0%), from €9.2m to €8.4m
- Reserves +€192,392
up €192,392 (+27.5%), from €699,688 to €892,081
of which Distributable reserves: +€192,392
Income statement
- Gross operating margin +€59,757
up €59,757 (+6.1%), from €982,963 to €1.0m
- Taxes +€54,231
new in 2025: €54,231
- Other operating charges -€29,240
down €29,240 (-39.7%), from €73,625 to €44,385
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.
Result 2024
€149,305
Gross operating margin
+€59,757
Depreciation
+€970
Other operating charges
+€29,240
Financial income
-€169
Financial charges
+€7,520
Taxes
-€54,231
Result 2025
€192,392
raises the resultlowers the result
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.
From operations
+€816,669
Investment
+€1,297
Financing
-€819,734
Cash 2024
€6,168
From operations (derived)
+€816,669
Net result for the year
+€192,392
Depreciation
+€572,280
Receivables within one year
+€23,153
Smaller working-capital items
+€1,009
Trade debts
+€30,801
Other debts
-€2,967
Investment (derived)
+€1,297
Investment in fixed assets (net)
+€1,297
Financing
-€819,734
Debts after one year
-€830,081
Current portion of long-term debt
+€10,347
Cash 2025
€4,400
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,359,982 | €13,761,677 | -€598,306 | -4.2% |
| Fixed assets | 21/28 | €14,282,088 | €13,708,511 | -€573,577 | -4.0% |
| Tangible fixed assets | 22/27 | €14,282,088 | €13,708,511 | -€573,577 | -4.0% |
| Land and buildings | 22 | €14,282,088 | €13,708,511 | -€573,577 | -4.0% |
| Current assets | 29/58 | €77,894 | €53,166 | -€24,728 | -31.7% |
| Amounts receivable within one year | 40/41 | €62,143 | €38,990 | -€23,153 | -37.3% |
| Trade receivables | 40 | €57,143 | €23,221 | -€33,922 | -59.4% |
| Other amounts receivable | 41 | €5,000 | €15,769 | +€10,769 | +215% |
| Cash at bank and in hand | 54/58 | €6,168 | €4,400 | -€1,768 | -28.7% |
| Deferred charges and accrued income | 490/1 | €9,583 | €9,776 | +€193 | +2.0% |
| Total equity and liabilities | 10/49 | €14,359,982 | €13,761,677 | -€598,306 | -4.2% |
| Equity | 10/15 | €922,090 | €1,114,482 | +€192,392 | +20.9% |
| Contributions | 10/11 | €222,402 | €222,402 | = | 0.0% |
| Capital | 10 | €222,402 | €222,402 | = | 0.0% |
| Issued capital | 100 | €222,402 | €222,402 | = | 0.0% |
| Reserves | 13 | €699,688 | €892,081 | +€192,392 | +27.5% |
| Non-distributable reserves | 130/1 | €22,240 | €22,240 | = | 0.0% |
| Legal reserve | 130 | €22,240 | €22,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,659 | €11,659 | = | 0.0% |
| Distributable reserves | 133 | €665,789 | €858,181 | +€192,392 | +28.9% |
| Amounts payable | 17/49 | €13,437,892 | €12,647,194 | -€790,698 | -5.9% |
| Amounts payable after more than one year | 17 | €9,215,029 | €8,384,948 | -€830,081 | -9.0% |
| Financial debts | 170/4 | €9,215,029 | €8,384,948 | -€830,081 | -9.0% |
| Amounts payable within one year | 42/48 | €4,220,933 | €4,259,115 | +€38,182 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €819,734 | €830,081 | +€10,347 | +1.3% |
| Trade debts | 44 | €1,200,947 | €1,231,748 | +€30,801 | +2.6% |
| Suppliers | 440/4 | €1,200,947 | €1,231,748 | +€30,801 | +2.6% |
| Other amounts payable | 47/48 | €2,200,252 | €2,197,286 | -€2,967 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,930 | €3,131 | +€1,201 | +62.3% |
| Non-recurring operating income | 76A | - | €20,003 | +€20,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573,250 | €572,280 | -€970 | -0.2% |
| Other operating charges | 640/8 | €73,625 | €44,385 | -€29,240 | -39.7% |
| Gross operating margin | 9900 | €982,963 | €1,042,719 | +€59,757 | +6.1% |
| Operating profit (loss) | 9901 | €336,088 | €426,054 | +€89,966 | +26.8% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €186,951 | €179,431 | -€7,520 | -4.0% |
| Recurring financial charges | 65 | €186,951 | €179,431 | -€7,520 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €149,305 | €246,623 | +€97,318 | +65.2% |
| Income taxes | 67/77 | - | €54,231 | +€54,231 | |
| Profit (loss) for the period | 9904 | €149,305 | €192,392 | +€43,087 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €149,305 | €192,392 | +€43,087 | +28.9% |
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 17 October 2026 via checked.be.