Immo KWP: 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 KWP
Largest movements
- Cash +€181,332
up €181,332 (+111.8%), from €162,263 to €343,595
mainly Trade debts (+€146,109) and Accrued charges and deferred income (+€85,000)
- Receivables within one year +€109,990
up €109,990 (+548.3%), from €20,060 to €130,050
of which Trade receivables: +€118,242
- Trade debts +€146,109
up €146,109 (+7163.6%), from €2,040 to €148,148
- Accrued charges and deferred income +€85,000
new in 2025: €85,000
- Tax, wage and social debts +€35,551
up €35,551 (+2484.9%), from €1,431 to €36,982
- Reserves +€28,324
up €28,324 (+63.1%), from €44,897 to €73,221
- Other debts -€5,010
down €5,010 (-4.2%), from €117,976 to €112,965
- Gross operating margin +€60,705
up €60,705, from -€21,694 to €39,011
- Taxes +€30,447
up €30,447, from -€19,559 to €10,888
- Staff costs +€11,990
no longer reported in 2025 (was -€11,990)
- Financial income +€1,318
up €1,318 (+2169.6%), from €61 to €1,379
- Other operating charges -€670
down €670 (-49.7%), from €1,349 to €679
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 | €184,935 | €474,909 | +€289,974 | +156.8% |
| Fixed assets | 21/28 | €1,496 | €1,081 | -€415 | -27.8% |
| Tangible fixed assets | 22/27 | €596 | €181 | -€415 | -69.7% |
| Plant, machinery and equipment | 23 | €596 | €181 | -€415 | -69.7% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €183,439 | €473,828 | +€290,389 | +158.3% |
| Amounts receivable within one year | 40/41 | €20,060 | €130,050 | +€109,990 | +548.3% |
| Trade receivables | 40 | €11,808 | €130,050 | +€118,242 | +1001.4% |
| Other amounts receivable | 41 | €8,252 | - | -€8,252 | |
| Cash at bank and in hand | 54/58 | €162,263 | €343,595 | +€181,332 | +111.8% |
| Deferred charges and accrued income | 490/1 | €1,116 | €184 | -€932 | -83.5% |
| Total equity and liabilities | 10/49 | €184,935 | €474,909 | +€289,974 | +156.8% |
| Equity | 10/15 | €63,489 | €91,813 | +€28,324 | +44.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,897 | €73,221 | +€28,324 | +63.1% |
| Distributable reserves | 133 | €44,897 | €73,221 | +€28,324 | +63.1% |
| Amounts payable | 17/49 | €121,446 | €383,096 | +€261,650 | +215.4% |
| Amounts payable within one year | 42/48 | €121,446 | €298,096 | +€176,650 | +145.5% |
| Trade debts | 44 | €2,040 | €148,148 | +€146,109 | +7163.6% |
| Suppliers | 440/4 | €2,040 | €148,148 | +€146,109 | +7163.6% |
| Taxes, remuneration and social security | 45 | €1,431 | €36,982 | +€35,551 | +2484.9% |
| Taxes | 450/3 | €1,431 | €36,982 | +€35,551 | +2484.9% |
| Other amounts payable | 47/48 | €117,976 | €112,965 | -€5,010 | -4.2% |
| Accrued charges and deferred income | 492/3 | - | €85,000 | +€85,000 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | -€11,990 | - | +€11,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €415 | = | 0.0% |
| Other operating charges | 640/8 | €1,349 | €679 | -€670 | -49.7% |
| Gross operating margin | 9900 | -€21,694 | €39,011 | +€60,705 | |
| Operating profit (loss) | 9901 | -€11,469 | €37,917 | +€49,386 | |
| Financial income | 75/76B | €61 | €1,379 | +€1,318 | +2169.6% |
| Recurring financial income | 75 | €61 | €1,379 | +€1,318 | +2169.6% |
| Financial charges | 65/66B | €131 | €84 | -€47 | -35.6% |
| Recurring financial charges | 65 | €131 | €84 | -€47 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,539 | €39,212 | +€50,751 | |
| Income taxes | 67/77 | -€19,559 | €10,888 | +€30,447 | |
| Profit (loss) for the period | 9904 | €8,020 | €28,324 | +€20,305 | +253.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,020 | €28,324 | +€20,305 | +253.2% |
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 10 October 2026 via checked.be.