K.C. IMMO: 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.
K.C. IMMO
Largest movements
- Tangible fixed assets -€31,625
down €31,625 (-6.2%), from €506,655 to €475,030
of which Land and buildings: -€31,164
- Deferred charges and accrued income +€30,682
up €30,682 (+4763.4%), from €644 to €31,326
- Other debts +€25,024
up €25,024 (+15.9%), from €157,245 to €182,269
- Debts after one year -€21,018
down €21,018 (-12.6%), from €167,398 to €146,380
of which Financial debts: -€21,018
- Gross operating margin -€5,366
down €5,366 (-10.6%), from €50,707 to €45,341
- Financial charges -€1,095
down €1,095 (-12.3%), from €8,929 to €7,833
- Taxes -€1,011
down €1,011 (-74.8%), from €1,351 to €340
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 | €735,782 | €737,085 | +€1,303 | +0.2% |
| Fixed assets | 21/28 | €506,655 | €475,030 | -€31,625 | -6.2% |
| Tangible fixed assets | 22/27 | €506,655 | €475,030 | -€31,625 | -6.2% |
| Land and buildings | 22 | €505,814 | €474,649 | -€31,164 | -6.2% |
| Furniture and vehicles | 24 | €841 | €381 | -€460 | -54.7% |
| Current assets | 29/58 | €229,127 | €262,055 | +€32,928 | +14.4% |
| Amounts receivable within one year | 40/41 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 41 | €225,000 | €225,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,483 | €5,729 | +€2,246 | +64.5% |
| Deferred charges and accrued income | 490/1 | €644 | €31,326 | +€30,682 | +4763.4% |
| Total equity and liabilities | 10/49 | €735,782 | €737,085 | +€1,303 | +0.2% |
| Equity | 10/15 | €319,439 | €319,117 | -€321 | -0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €265,727 | €265,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €260,727 | €260,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,712 | €3,390 | -€321 | -8.7% |
| Amounts payable | 17/49 | €416,343 | €417,968 | +€1,625 | +0.4% |
| Amounts payable after more than one year | 17 | €167,398 | €146,380 | -€21,018 | -12.6% |
| Financial debts | 170/4 | €147,398 | €126,380 | -€21,018 | -14.3% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €248,946 | €271,588 | +€22,643 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €85,510 | €88,680 | +€3,170 | +3.7% |
| Trade debts | 44 | €4,840 | €299 | -€4,541 | -93.8% |
| Suppliers | 440/4 | €4,840 | €299 | -€4,541 | -93.8% |
| Taxes, remuneration and social security | 45 | €1,351 | €340 | -€1,011 | -74.8% |
| Taxes | 450/3 | €1,351 | €340 | -€1,011 | -74.8% |
| Other amounts payable | 47/48 | €157,245 | €182,269 | +€25,024 | +15.9% |
| Non-recurring operating income | 76A | €1,189 | - | -€1,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,142 | €31,625 | +€483 | +1.5% |
| Other operating charges | 640/8 | €5,574 | €5,864 | +€290 | +5.2% |
| Gross operating margin | 9900 | €50,707 | €45,341 | -€5,366 | -10.6% |
| Operating profit (loss) | 9901 | €13,991 | €7,852 | -€6,139 | -43.9% |
| Financial charges | 65/66B | €8,929 | €7,833 | -€1,095 | -12.3% |
| Recurring financial charges | 65 | €8,929 | €7,833 | -€1,095 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €5,063 | €19 | -€5,044 | -99.6% |
| Income taxes | 67/77 | €1,351 | €340 | -€1,011 | -74.8% |
| Profit (loss) for the period | 9904 | €3,712 | -€321 | -€4,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,712 | -€321 | -€4,033 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.