IMMO KWANTEN: 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 KWANTEN
Largest movements
- Cash +€39,759
up €39,759 (+5.2%), from €762,806 to €802,565
mainly Net result for the year (+€54,177) and Depreciation (+€15,048)
- Tangible fixed assets -€15,048
down €15,048 (-7.8%), from €191,764 to €176,716
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€11,591
up €11,591 (+11.6%), from €99,860 to €111,450
- Taxes +€3,475
up €3,475 (+15.8%), from €22,000 to €25,475
- Other operating charges -€1,641
down €1,641 (-9.3%), from €17,682 to €16,041
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 | €1,455,685 | €1,477,099 | +€21,413 | +1.5% |
| Fixed assets | 21/28 | €688,764 | €673,716 | -€15,048 | -2.2% |
| Tangible fixed assets | 22/27 | €191,764 | €176,716 | -€15,048 | -7.8% |
| Land and buildings | 22 | €191,764 | €176,716 | -€15,048 | -7.8% |
| Financial fixed assets | 28 | €497,000 | €497,000 | = | 0.0% |
| Current assets | 29/58 | €766,921 | €803,383 | +€36,462 | +4.8% |
| Amounts receivable within one year | 40/41 | €4,115 | - | -€4,115 | |
| Other amounts receivable | 41 | €4,115 | - | -€4,115 | |
| Cash at bank and in hand | 54/58 | €762,806 | €802,565 | +€39,759 | +5.2% |
| Deferred charges and accrued income | 490/1 | - | €818 | +€818 | |
| Total equity and liabilities | 10/49 | €1,455,685 | €1,477,099 | +€21,413 | +1.5% |
| Equity | 10/15 | €1,441,227 | €1,454,495 | +€13,268 | +0.9% |
| Contributions | 10/11 | €1,096,778 | €1,096,778 | = | 0.0% |
| Capital | 10 | €1,096,778 | €1,096,778 | = | 0.0% |
| Issued capital | 100 | €1,096,778 | €1,096,778 | = | 0.0% |
| Reserves | 13 | €344,449 | €357,717 | +€13,268 | +3.9% |
| Non-distributable reserves | 130/1 | €53,191 | €56,171 | +€2,980 | +5.6% |
| Legal reserve | 130 | €53,191 | €56,171 | +€2,980 | +5.6% |
| Tax-exempt reserves | 132 | €18,681 | €18,681 | = | 0.0% |
| Distributable reserves | 133 | €272,577 | €282,865 | +€10,288 | +3.8% |
| Amounts payable | 17/49 | €14,458 | €22,604 | +€8,146 | +56.3% |
| Amounts payable within one year | 42/48 | €14,458 | €22,604 | +€8,146 | +56.3% |
| Trade debts | 44 | €2,304 | €3,129 | +€825 | +35.8% |
| Suppliers | 440/4 | €2,304 | €3,129 | +€825 | +35.8% |
| Taxes, remuneration and social security | 45 | €12,154 | €19,475 | +€7,320 | +60.2% |
| Taxes | 450/3 | €12,154 | €19,475 | +€7,320 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,048 | €15,048 | = | 0.0% |
| Other operating charges | 640/8 | €17,682 | €16,041 | -€1,641 | -9.3% |
| Gross operating margin | 9900 | €99,860 | €111,450 | +€11,591 | +11.6% |
| Operating profit (loss) | 9901 | €67,129 | €80,361 | +€13,232 | +19.7% |
| Financial charges | 65/66B | €230 | €709 | +€480 | +209% |
| Recurring financial charges | 65 | €230 | €709 | +€480 | +209% |
| Profit (loss) for the period before taxes | 9903 | €66,899 | €79,651 | +€12,752 | +19.1% |
| Income taxes | 67/77 | €22,000 | €25,475 | +€3,475 | +15.8% |
| Profit (loss) for the period | 9904 | €44,899 | €54,177 | +€9,277 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,899 | €54,177 | +€9,277 | +20.7% |
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 31 October 2026 via checked.be.