K IMMO: 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.
What changed
K IMMO
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€378,169
2024 · €419,880-€41,710
Equity
€18.1m
2024 · €19.7m-€1.6m
Cash
€5,957
2024 · €128,223-€122,267
Balance sheet total
€20.1m
2024 · €19.7m+€404,826
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+21.7%), from €5.7m to €7.0m
- Tangible fixed assets -€708,907
down €708,907 (-5.1%), from €13.8m to €13.1m
Equity and liabilities
- Other debts +€1.9m
new in 2025: €1.9m
- Reserves -€1.6m
down €1.6m (-93.8%), from €1.7m to €104,908
of which Distributable reserves: -€1.6m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€419,880
Depreciation
+€515
Other operating charges
-€4,253
Other operating items
-€4,825
Financial income
-€46,611
Financial charges
+€160
Taxes
+€13,303
Result 2025
€378,169
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.
From operations
+€1.8m
Investment
€0
Financing
-€1.9m
Cash 2024
€128,223
From operations (derived)
+€1.8m
Net result for the year
+€378,169
Depreciation
+€708,907
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€3,356
Tax, wage and social debts
+€26,657
Other debts
+€1.9m
Financing
-€1.9m
Contributions, distributions and other
-€1.9m
Cash 2025
€5,957
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,689,014 | €20,093,840 | +€404,826 | +2.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €13,828,349 | €13,119,443 | -€708,907 | -5.1% |
| Tangible fixed assets | 22/27 | €13,828,349 | €13,119,443 | -€708,907 | -5.1% |
| Land and buildings | 22 | €13,828,349 | €13,119,443 | -€708,907 | -5.1% |
| Current assets | 29/58 | €5,860,664 | €6,974,397 | +€1.1m | +19.0% |
| Amounts receivable within one year | 40/41 | €5,717,572 | €6,956,927 | +€1.2m | +21.7% |
| Other amounts receivable | 41 | €5,717,572 | €6,956,927 | +€1.2m | +21.7% |
| Cash at bank and in hand | 54/58 | €128,223 | €5,957 | -€122,267 | -95.4% |
| Deferred charges and accrued income | 490/1 | €14,869 | €11,513 | -€3,356 | -22.6% |
| Total equity and liabilities | 10/49 | €19,689,014 | €20,093,840 | +€404,826 | +2.1% |
| Equity | 10/15 | €19,683,860 | €18,124,169 | -€1.6m | -7.9% |
| Contributions | 10/11 | €18,000,000 | €18,000,000 | = | 0.0% |
| Capital | 10 | €18,000,000 | €18,000,000 | = | 0.0% |
| Issued capital | 100 | €18,000,000 | €18,000,000 | = | 0.0% |
| Reserves | 13 | €1,683,860 | €104,908 | -€1.6m | -93.8% |
| Non-distributable reserves | 130/1 | €86,000 | €104,908 | +€18,908 | +22.0% |
| Legal reserve | 130 | €86,000 | €104,908 | +€18,908 | +22.0% |
| Distributable reserves | 133 | €1,597,860 | - | -€1.6m | |
| Profit (loss) carried forward | 14 | - | €19,261 | +€19,261 | |
| Amounts payable | 17/49 | €5,154 | €1,969,671 | +€2.0m | +38118.9% |
| Amounts payable within one year | 42/48 | €5,154 | €1,969,671 | +€2.0m | +38118.9% |
| Taxes, remuneration and social security | 45 | €5,154 | €31,810 | +€26,657 | +517.2% |
| Taxes | 450/3 | €5,154 | €31,810 | +€26,657 | +517.2% |
| Other amounts payable | 47/48 | - | €1,937,860 | +€1.9m | |
| Operating income | 70/76A | €1,222,472 | €1,222,472 | = | 0.0% |
| Other operating income | 74 | €1,222,472 | €1,222,472 | = | 0.0% |
| Operating charges | 60/66A | €845,285 | €853,847 | +€8,562 | +1.0% |
| Services and other goods | 61 | €361 | €5,185 | +€4,825 | +1337.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €709,422 | €708,907 | -€515 | -0.1% |
| Other operating charges | 640/8 | €135,502 | €139,755 | +€4,253 | +3.1% |
| Operating profit (loss) | 9901 | €377,187 | €368,625 | -€8,562 | -2.3% |
| Financial income | 75/76B | €183,494 | €136,883 | -€46,611 | -25.4% |
| Recurring financial income | 75 | €183,494 | €136,883 | -€46,611 | -25.4% |
| Income from current assets | 751 | €183,494 | €136,883 | -€46,611 | -25.4% |
| Financial charges | 65/66B | €842 | €682 | -€160 | -19.0% |
| Recurring financial charges | 65 | €842 | €682 | -€160 | -19.0% |
| Debt charges | 650 | €190 | - | -€190 | |
| Other financial charges | 652/9 | €652 | €682 | +€30 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €559,840 | €504,826 | -€55,013 | -9.8% |
| Income taxes | 67/77 | €139,960 | €126,657 | -€13,303 | -9.5% |
| Taxes | 670/3 | €140,154 | €126,850 | -€13,303 | -9.5% |
| Tax adjustments and reversals of tax provisions | 77 | €194 | €194 | = | 0.0% |
| Profit (loss) for the period | 9904 | €419,880 | €378,169 | -€41,710 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €419,880 | €378,169 | -€41,710 | -9.9% |
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 12 October 2026 via checked.be.