IMMO KOR: 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 KOR
Largest movements
- Tangible fixed assets -€145,115
down €145,115 (-3.6%), from €4.0m to €3.8m
of which Leasing and similar rights: -€131,818
- Financial fixed assets +€103,750
new in 2025: €103,750
- Cash -€97,652
no longer reported in 2025 (was €97,652)
mainly Debts after one year (-€286,536) and Investment in fixed assets (net) (-€109,354)
- Debts after one year -€286,536
down €286,536 (-14.5%), from €2.0m to €1.7m
- Other debts +€134,852
up €134,852 (+32.6%), from €413,589 to €548,441
- Profit (loss) carried forward +€130,005
up €130,005 (+28.0%), from €464,088 to €594,094
- Trade debts -€95,223
down €95,223 (-97.0%), from €98,194 to €2,971
- Depreciation +€71,368
up €71,368 (+89.9%), from €79,351 to €150,719
- Gross operating margin +€27,172
up €27,172 (+6.7%), from €407,923 to €435,096
- Financial charges -€11,238
down €11,238 (-18.0%), from €62,403 to €51,165
- Taxes -€7,928
down €7,928 (-15.2%), from €52,000 to €44,072
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 | €4,220,674 | €4,120,275 | -€100,399 | -2.4% |
| Fixed assets | 21/28 | €3,976,195 | €3,934,830 | -€41,365 | -1.0% |
| Tangible fixed assets | 22/27 | €3,976,195 | €3,831,080 | -€145,115 | -3.6% |
| Land and buildings | 22 | €247,894 | €247,894 | = | 0.0% |
| Leasing and similar rights | 25 | €3,392,603 | €3,260,785 | -€131,818 | -3.9% |
| Other tangible fixed assets | 26 | €335,699 | €322,402 | -€13,297 | -4.0% |
| Financial fixed assets | 28 | - | €103,750 | +€103,750 | |
| Current assets | 29/58 | €244,479 | €185,445 | -€59,034 | -24.1% |
| Amounts receivable within one year | 40/41 | €3,010 | €22,964 | +€19,954 | +663% |
| Other amounts receivable | 41 | €3,010 | €22,964 | +€19,954 | +663% |
| Cash at bank and in hand | 54/58 | €97,652 | - | -€97,652 | |
| Deferred charges and accrued income | 490/1 | €143,816 | €162,481 | +€18,665 | +13.0% |
| Total equity and liabilities | 10/49 | €4,220,674 | €4,120,275 | -€100,399 | -2.4% |
| Equity | 10/15 | €1,449,184 | €1,579,189 | +€130,005 | +9.0% |
| Contributions | 10/11 | €521,482 | €521,482 | = | 0.0% |
| Reserves | 13 | €463,613 | €463,613 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,848 | €3,848 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,848 | €3,848 | = | 0.0% |
| Distributable reserves | 133 | €459,766 | €459,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | €464,088 | €594,094 | +€130,005 | +28.0% |
| Amounts payable | 17/49 | €2,771,490 | €2,541,086 | -€230,404 | -8.3% |
| Amounts payable after more than one year | 17 | €1,975,675 | €1,689,138 | -€286,536 | -14.5% |
| Financial debts | 170/4 | €1,975,675 | €1,689,138 | -€286,536 | -14.5% |
| Amounts payable within one year | 42/48 | €795,815 | €851,948 | +€56,132 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €280,533 | €286,536 | +€6,003 | +2.1% |
| Trade debts | 44 | €98,194 | €2,971 | -€95,223 | -97.0% |
| Suppliers | 440/4 | €98,194 | €2,971 | -€95,223 | -97.0% |
| Taxes, remuneration and social security | 45 | €3,500 | €14,000 | +€10,500 | +300% |
| Taxes | 450/3 | €3,500 | €14,000 | +€10,500 | +300% |
| Other amounts payable | 47/48 | €413,589 | €548,441 | +€134,852 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,351 | €150,719 | +€71,368 | +89.9% |
| Other operating charges | 640/8 | €58,313 | €60,203 | +€1,891 | +3.2% |
| Gross operating margin | 9900 | €407,923 | €435,096 | +€27,172 | +6.7% |
| Operating profit (loss) | 9901 | €270,260 | €224,173 | -€46,086 | -17.1% |
| Financial income | 75/76B | - | €1,069 | +€1,069 | |
| Recurring financial income | 75 | - | €1,069 | +€1,069 | |
| Financial charges | 65/66B | €62,403 | €51,165 | -€11,238 | -18.0% |
| Recurring financial charges | 65 | €62,403 | €51,165 | -€11,238 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €207,857 | €174,077 | -€33,780 | -16.3% |
| Income taxes | 67/77 | €52,000 | €44,072 | -€7,928 | -15.2% |
| Profit (loss) for the period | 9904 | €155,857 | €130,005 | -€25,851 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €155,857 | €130,005 | -€25,851 | -16.6% |
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 1 November 2026 via checked.be.