K.M. 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.
K.M. IMMO
Largest movements
- Tangible fixed assets -€30,081
down €30,081 (-6.6%), from €453,442 to €423,361
of which Land and buildings: -€19,111
- Receivables within one year +€16,988
up €16,988 (+9.1%), from €186,925 to €203,913
of which Trade receivables: +€16,943
- Deferred charges and accrued income -€14,783
down €14,783 (-77.1%), from €19,172 to €4,390
- Reserves -€23,143
down €23,143 (-5.9%), from €392,404 to €369,261
of which Distributable reserves: -€23,143
- Debts after one year -€16,086
down €16,086 (-11.7%), from €137,074 to €120,988
- Profit (loss) carried forward +€11,226
no longer reported in 2025 (was -€11,226)
- Financial charges -€2,245
down €2,245 (-28.6%), from €7,861 to €5,616
- Other operating charges +€1,790
up €1,790 (+50.0%), from €3,582 to €5,372
- Gross operating margin -€1,522
down €1,522 (-4.8%), from €31,396 to €29,874
- Taxes -€1,252
down €1,252 (-15.2%), from €8,237 to €6,985
- Financial income -€957
down €957 (-12.8%), from €7,467 to €6,510
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 | €725,839 | €696,546 | -€29,293 | -4.0% |
| Fixed assets | 21/28 | €468,072 | €437,991 | -€30,081 | -6.4% |
| Tangible fixed assets | 22/27 | €453,442 | €423,361 | -€30,081 | -6.6% |
| Land and buildings | 22 | €291,913 | €272,803 | -€19,111 | -6.5% |
| Plant, machinery and equipment | 23 | €13,786 | €10,701 | -€3,085 | -22.4% |
| Furniture and vehicles | 24 | €5,497 | €3,784 | -€1,712 | -31.2% |
| Other tangible fixed assets | 26 | €142,245 | €136,073 | -€6,172 | -4.3% |
| Financial fixed assets | 28 | €14,630 | €14,630 | = | 0.0% |
| Current assets | 29/58 | €257,768 | €258,555 | +€788 | +0.3% |
| Amounts receivable after more than one year | 29 | €17,000 | €17,000 | = | 0.0% |
| Other amounts receivable | 291 | €17,000 | €17,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €186,925 | €203,913 | +€16,988 | +9.1% |
| Trade receivables | 40 | €86,746 | €103,689 | +€16,943 | +19.5% |
| Other amounts receivable | 41 | €100,179 | €100,223 | +€44 | 0.0% |
| Current investments | 50/53 | €24,332 | €24,332 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,338 | €8,921 | -€1,418 | -13.7% |
| Deferred charges and accrued income | 490/1 | €19,172 | €4,390 | -€14,783 | -77.1% |
| Total equity and liabilities | 10/49 | €725,839 | €696,546 | -€29,293 | -4.0% |
| Equity | 10/15 | €457,078 | €445,161 | -€11,917 | -2.6% |
| Contributions | 10/11 | €75,900 | €75,900 | = | 0.0% |
| Reserves | 13 | €392,404 | €369,261 | -€23,143 | -5.9% |
| Tax-exempt reserves | 132 | €96,000 | €96,000 | = | 0.0% |
| Distributable reserves | 133 | €296,404 | €273,261 | -€23,143 | -7.8% |
| Profit (loss) carried forward | 14 | -€11,226 | - | +€11,226 | |
| Amounts payable | 17/49 | €268,761 | €251,385 | -€17,376 | -6.5% |
| Amounts payable after more than one year | 17 | €137,074 | €120,988 | -€16,086 | -11.7% |
| Other amounts payable | 178/9 | €137,074 | €120,988 | -€16,086 | -11.7% |
| Amounts payable within one year | 42/48 | €131,687 | €128,447 | -€3,240 | -2.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €1,807 | €573 | -€1,233 | -68.3% |
| Suppliers | 440/4 | €1,807 | €573 | -€1,233 | -68.3% |
| Taxes, remuneration and social security | 45 | €2,930 | €2,874 | -€57 | -1.9% |
| Taxes | 450/3 | €2,930 | €2,874 | -€57 | -1.9% |
| Other amounts payable | 47/48 | €1,950 | - | -€1,950 | |
| Accrued charges and deferred income | 492/3 | - | €1,950 | +€1,950 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,034 | €39,982 | -€52 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,409 | €30,328 | -€82 | -0.3% |
| Other operating charges | 640/8 | €3,582 | €5,372 | +€1,790 | +50.0% |
| Gross operating margin | 9900 | €31,396 | €29,874 | -€1,522 | -4.8% |
| Operating profit (loss) | 9901 | -€2,595 | -€5,826 | -€3,230 | -124% |
| Financial income | 75/76B | €7,467 | €6,510 | -€957 | -12.8% |
| Recurring financial income | 75 | €7,467 | €6,510 | -€957 | -12.8% |
| Financial charges | 65/66B | €7,861 | €5,616 | -€2,245 | -28.6% |
| Recurring financial charges | 65 | €7,861 | €5,616 | -€2,245 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,989 | -€4,932 | -€1,943 | -65.0% |
| Income taxes | 67/77 | €8,237 | €6,985 | -€1,252 | -15.2% |
| Profit (loss) for the period | 9904 | -€11,226 | -€11,917 | -€691 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,226 | -€11,917 | -€691 | -6.2% |
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 19 October 2026 via checked.be.