'K 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 IMMO
Largest movements
- Cash +€146,107
up €146,107 (+2569.2%), from €5,687 to €151,794
mainly Net result for the year (+€98,245) and Other debts (+€92,387)
- Intangible fixed assets -€35,000
down €35,000 (-74.5%), from €46,954 to €11,954
- Receivables within one year -€31,481
down €31,481 (-59.5%), from €52,869 to €21,389
of which Trade receivables: -€31,236
- Tangible fixed assets -€13,367
down €13,367 (-54.5%), from €24,514 to €11,147
of which Land and buildings: -€11,247
- Deferred charges and accrued income +€2,205
up €2,205 (+73.3%), from €3,007 to €5,212
- Other debts +€92,387
up €92,387 (+1248.2%), from €7,402 to €99,789
- Current portion of long-term debt -€16,575
down €16,575 (-57.9%), from €28,615 to €12,040
- Debts after one year -€12,040
down €12,040 (-100.0%), from €12,040 to €0
- Reserves +€8,245
up €8,245 (+281.4%), from €2,930 to €11,175
- Trade debts -€5,084
down €5,084 (-9.2%), from €55,100 to €50,016
- Gross operating margin +€101,530
up €101,530 (+71.1%), from €142,781 to €244,310
- Staff costs -€6,852
down €6,852 (-7.2%), from €95,152 to €88,300
- Depreciation -€4,397
down €4,397 (-8.3%), from €52,763 to €48,367
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 | €135,131 | €203,595 | +€68,464 | +50.7% |
| Fixed assets | 21/28 | €73,568 | €25,201 | -€48,367 | -65.7% |
| Intangible fixed assets | 21 | €46,954 | €11,954 | -€35,000 | -74.5% |
| Tangible fixed assets | 22/27 | €24,514 | €11,147 | -€13,367 | -54.5% |
| Land and buildings | 22 | €20,210 | €8,962 | -€11,247 | -55.7% |
| Plant, machinery and equipment | 23 | €468 | €243 | -€225 | -48.1% |
| Furniture and vehicles | 24 | €3,836 | €1,942 | -€1,894 | -49.4% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €61,563 | €178,394 | +€116,831 | +189.8% |
| Amounts receivable within one year | 40/41 | €52,869 | €21,389 | -€31,481 | -59.5% |
| Trade receivables | 40 | €52,314 | €21,077 | -€31,236 | -59.7% |
| Other amounts receivable | 41 | €555 | €311 | -€244 | -44.0% |
| Cash at bank and in hand | 54/58 | €5,687 | €151,794 | +€146,107 | +2569.2% |
| Deferred charges and accrued income | 490/1 | €3,007 | €5,212 | +€2,205 | +73.3% |
| Total equity and liabilities | 10/49 | €135,131 | €203,595 | +€68,464 | +50.7% |
| Equity | 10/15 | €11,367 | €19,612 | +€8,245 | +72.5% |
| Contributions | 10/11 | €8,438 | €8,438 | = | 0.0% |
| Reserves | 13 | €2,930 | €11,175 | +€8,245 | +281.4% |
| Distributable reserves | 133 | €2,930 | €11,175 | +€8,245 | +281.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €123,763 | €183,983 | +€60,220 | +48.7% |
| Amounts payable after more than one year | 17 | €12,040 | €0 | -€12,040 | -100.0% |
| Financial debts | 170/4 | €12,040 | €0 | -€12,040 | -100.0% |
| Amounts payable within one year | 42/48 | €111,723 | €183,983 | +€72,260 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €28,615 | €12,040 | -€16,575 | -57.9% |
| Trade debts | 44 | €55,100 | €50,016 | -€5,084 | -9.2% |
| Suppliers | 440/4 | €55,100 | €50,016 | -€5,084 | -9.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €20,607 | €22,138 | +€1,531 | +7.4% |
| Taxes | 450/3 | €9,600 | €8,846 | -€754 | -7.9% |
| Remuneration and social security | 454/9 | €11,007 | €13,292 | +€2,285 | +20.8% |
| Other amounts payable | 47/48 | €7,402 | €99,789 | +€92,387 | +1248.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €95,152 | €88,300 | -€6,852 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,763 | €48,367 | -€4,397 | -8.3% |
| Other operating charges | 640/8 | €4,204 | €6,146 | +€1,942 | +46.2% |
| Gross operating margin | 9900 | €142,781 | €244,310 | +€101,530 | +71.1% |
| Operating profit (loss) | 9901 | -€9,339 | €101,497 | +€110,837 | |
| Financial income | 75/76B | €57 | €143 | +€86 | +149.5% |
| Recurring financial income | 75 | €57 | €143 | +€86 | +149.5% |
| Financial charges | 65/66B | €1,105 | €685 | -€420 | -38.0% |
| Recurring financial charges | 65 | €1,105 | €685 | -€420 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,387 | €100,955 | +€111,342 | |
| Income taxes | 67/77 | €292 | €2,711 | +€2,419 | +829.5% |
| Profit (loss) for the period | 9904 | -€10,678 | €98,245 | +€108,923 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,678 | €98,245 | +€108,923 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.