K-Immo Projekt Management: what changed
K-Immo Projekt Management
Largest movements
- Receivables within one year +€25,392
up €25,392 (+26.8%), from €94,786 to €120,177
of which Other amounts receivable: +€51,925
- Cash +€17,137
up €17,137 (+243%), from €7,063 to €24,201
mainly Net result for the year (+€101,563) and Other debts (+€14,060)
- Deferred charges and accrued income -€5,148
down €5,148 (-45.9%), from €11,215 to €6,068
- Tangible fixed assets -€1,747
down €1,747 (-7.7%), from €22,767 to €21,020
of which Other tangible fixed assets: -€2,380
- Reserves +€16,563
up €16,563 (+110%), from €15,000 to €31,563
- Other debts +€14,060
up €14,060 (+24.2%), from €58,190 to €72,250
- Trade debts +€2,733
up €2,733 (+10.9%), from €25,112 to €27,845
- Tax, wage and social debts +€2,192
up €2,192 (+14.1%), from €15,528 to €17,720
- Gross operating margin +€20,257
up €20,257 (+16.0%), from €126,882 to €147,139
- Financial charges +€4,987
up €4,987 (+280%), from €1,779 to €6,766
- Taxes +€4,596
up €4,596 (+17.0%), from €27,015 to €31,610
- Depreciation -€1,500
down €1,500 (-18.8%), from €7,958 to €6,458
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,675 | €173,287 | +€35,613 | +25.9% |
| Fixed assets | 21/28 | €23,288 | €21,520 | -€1,768 | -7.6% |
| Intangible fixed assets | 21 | €22 | €0 | -€22 | -100% |
| Tangible fixed assets | 22/27 | €22,767 | €21,020 | -€1,747 | -7.7% |
| Plant, machinery and equipment | 23 | €2,040 | €5,018 | +€2,978 | +146% |
| Furniture and vehicles | 24 | €6,646 | €4,301 | -€2,345 | -35.3% |
| Other tangible fixed assets | 26 | €14,081 | €11,701 | -€2,380 | -16.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €114,387 | €151,767 | +€37,381 | +32.7% |
| Stocks and contracts in progress | 3 | €1,322 | €1,322 | = | 0.0% |
| Contracts in progress | 37 | €1,322 | €1,322 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,786 | €120,177 | +€25,392 | +26.8% |
| Trade receivables | 40 | €77,308 | €50,775 | -€26,533 | -34.3% |
| Other amounts receivable | 41 | €17,478 | €69,403 | +€51,925 | +297% |
| Cash at bank and in hand | 54/58 | €7,063 | €24,201 | +€17,137 | +243% |
| Deferred charges and accrued income | 490/1 | €11,215 | €6,068 | -€5,148 | -45.9% |
| Total equity and liabilities | 10/49 | €137,675 | €173,287 | +€35,613 | +25.9% |
| Equity | 10/15 | €35,800 | €52,363 | +€16,563 | +46.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €31,563 | +€16,563 | +110% |
| Distributable reserves | 133 | €15,000 | €31,563 | +€16,563 | +110% |
| Profit (loss) carried forward | 14 | €800 | €800 | = | 0.0% |
| Amounts payable | 17/49 | €101,874 | €120,925 | +€19,050 | +18.7% |
| Amounts payable within one year | 42/48 | €98,830 | €117,815 | +€18,985 | +19.2% |
| Trade debts | 44 | €25,112 | €27,845 | +€2,733 | +10.9% |
| Suppliers | 440/4 | €25,112 | €27,845 | +€2,733 | +10.9% |
| Taxes, remuneration and social security | 45 | €15,528 | €17,720 | +€2,192 | +14.1% |
| Taxes | 450/3 | €15,528 | €17,720 | +€2,192 | +14.1% |
| Other amounts payable | 47/48 | €58,190 | €72,250 | +€14,060 | +24.2% |
| Accrued charges and deferred income | 492/3 | €3,044 | €3,110 | +€66 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,958 | €6,458 | -€1,500 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €722 | €0 | -€722 | -100% |
| Other operating charges | 640/8 | €995 | €1,027 | +€32 | +3.2% |
| Non-recurring operating charges | 66A | €0 | €22 | +€22 | |
| Gross operating margin | 9900 | €126,882 | €147,139 | +€20,257 | +16.0% |
| Operating profit (loss) | 9901 | €117,207 | €139,632 | +€22,425 | +19.1% |
| Financial income | 75/76B | €22 | €307 | +€285 | +1,274% |
| Recurring financial income | 75 | €22 | €307 | +€285 | +1,274% |
| Financial charges | 65/66B | €1,779 | €6,766 | +€4,987 | +280% |
| Recurring financial charges | 65 | €1,779 | €6,766 | +€4,987 | +280% |
| Profit (loss) for the period before taxes | 9903 | €115,450 | €133,173 | +€17,723 | +15.4% |
| Income taxes | 67/77 | €27,015 | €31,610 | +€4,596 | +17.0% |
| Profit (loss) for the period | 9904 | €88,435 | €101,563 | +€13,127 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,435 | €101,563 | +€13,127 | +14.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.