K.E. Real Estate: 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.
K.E. Real Estate
Largest movements
- Cash +€6,517
up €6,517 (+5.0%), from €130,637 to €137,155
mainly Other debts (+€60,026) and Net result for the year (+€10,095)
- Other debts +€60,026
up €60,026 (+1,170%), from €5,130 to €65,156
- Profit (loss) carried forward -€59,906
down €59,906 (-56.3%), from €106,473 to €46,567
- Tax, wage and social debts +€5,236
up €5,236 (+56.2%), from €9,323 to €14,559
- Gross operating margin -€35,298
down €35,298 (-65.5%), from €53,908 to €18,610
- Taxes -€7,836
down €7,836 (-52.6%), from €14,905 to €7,069
- Depreciation -€4,164
down €4,164 (-81.9%), from €5,087 to €923
- Financial income -€957
down €957 (-99.9%), from €958 to €1
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 | €133,841 | €138,768 | +€4,927 | +3.7% |
| Fixed assets | 21/28 | €1,242 | €1,423 | +€181 | +14.6% |
| Tangible fixed assets | 22/27 | €1,242 | €1,423 | +€181 | +14.6% |
| Furniture and vehicles | 24 | €1,242 | €1,423 | +€181 | +14.6% |
| Current assets | 29/58 | €132,599 | €137,345 | +€4,746 | +3.6% |
| Amounts receivable within one year | 40/41 | €742 | €50 | -€692 | -93.2% |
| Trade receivables | 40 | €647 | €0 | -€647 | -100% |
| Other amounts receivable | 41 | €95 | €50 | -€45 | -47.2% |
| Cash at bank and in hand | 54/58 | €130,637 | €137,155 | +€6,517 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,219 | €140 | -€1,079 | -88.5% |
| Total equity and liabilities | 10/49 | €133,841 | €138,768 | +€4,927 | +3.7% |
| Equity | 10/15 | €114,533 | €54,627 | -€59,906 | -52.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,473 | €46,567 | -€59,906 | -56.3% |
| Amounts payable | 17/49 | €19,308 | €84,141 | +€64,833 | +336% |
| Amounts payable within one year | 42/48 | €19,308 | €84,141 | +€64,833 | +336% |
| Trade debts | 44 | €4,855 | €4,426 | -€429 | -8.8% |
| Suppliers | 440/4 | €4,855 | €4,426 | -€429 | -8.8% |
| Taxes, remuneration and social security | 45 | €9,323 | €14,559 | +€5,236 | +56.2% |
| Taxes | 450/3 | €9,323 | €14,559 | +€5,236 | +56.2% |
| Other amounts payable | 47/48 | €5,130 | €65,156 | +€60,026 | +1,170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,087 | €923 | -€4,164 | -81.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €53,908 | €18,610 | -€35,298 | -65.5% |
| Operating profit (loss) | 9901 | €48,434 | €17,287 | -€31,147 | -64.3% |
| Financial income | 75/76B | €958 | €1 | -€957 | -99.9% |
| Recurring financial income | 75 | €958 | €1 | -€957 | -99.9% |
| Financial charges | 65/66B | €352 | €125 | -€227 | -64.6% |
| Recurring financial charges | 65 | €352 | €125 | -€227 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €49,040 | €17,163 | -€31,877 | -65.0% |
| Income taxes | 67/77 | €14,905 | €7,069 | -€7,836 | -52.6% |
| Profit (loss) for the period | 9904 | €34,136 | €10,095 | -€24,041 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,136 | €10,095 | -€24,041 | -70.4% |
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.