K.S. 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.S. IMMO
Largest movements
- Tangible fixed assets -€8,136
down €8,136 (-4.2%), from €195,143 to €187,007
of which Land and buildings: -€7,087
- Deferred charges and accrued income +€7,686
up €7,686 (+54858.7%), from €14 to €7,700
- Debts after one year -€14,005
down €14,005 (-20.6%), from €68,134 to €54,129
of which Financial debts: -€15,862
- Reserves +€12,383
up €12,383 (+6.9%), from €178,743 to €191,126
- Tax, wage and social debts +€3,668
up €3,668 (+51.6%), from €7,114 to €10,783
- Gross operating margin +€5,522
up €5,522 (+18.9%), from €29,229 to €34,751
- Taxes +€2,563
up €2,563 (+66.4%), from €3,862 to €6,425
- Financial charges -€1,482
down €1,482 (-22.1%), from €6,698 to €5,217
- Depreciation -€926
down €926 (-10.2%), from €9,062 to €8,136
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 | €322,399 | €324,662 | +€2,262 | +0.7% |
| Fixed assets | 21/28 | €280,143 | €272,007 | -€8,136 | -2.9% |
| Tangible fixed assets | 22/27 | €195,143 | €187,007 | -€8,136 | -4.2% |
| Land and buildings | 22 | €190,243 | €183,156 | -€7,087 | -3.7% |
| Plant, machinery and equipment | 23 | €4,900 | €3,851 | -€1,049 | -21.4% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €42,256 | €52,655 | +€10,399 | +24.6% |
| Amounts receivable within one year | 40/41 | €41,775 | €44,489 | +€2,713 | +6.5% |
| Trade receivables | 40 | €40,625 | €43,588 | +€2,963 | +7.3% |
| Other amounts receivable | 41 | €1,150 | €900 | -€250 | -21.7% |
| Cash at bank and in hand | 54/58 | €467 | €467 | -€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | €14 | €7,700 | +€7,686 | +54858.7% |
| Total equity and liabilities | 10/49 | €322,399 | €324,662 | +€2,262 | +0.7% |
| Equity | 10/15 | €209,732 | €221,908 | +€12,176 | +5.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €178,743 | €191,126 | +€12,383 | +6.9% |
| Distributable reserves | 133 | €178,743 | €191,126 | +€12,383 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Investment grants | 15 | €6,189 | €5,982 | -€207 | -3.3% |
| Amounts payable | 17/49 | €112,667 | €102,754 | -€9,914 | -8.8% |
| Amounts payable after more than one year | 17 | €68,134 | €54,129 | -€14,005 | -20.6% |
| Financial debts | 170/4 | €42,644 | €26,782 | -€15,862 | -37.2% |
| Other amounts payable | 178/9 | €25,490 | €27,347 | +€1,857 | +7.3% |
| Amounts payable within one year | 42/48 | €42,570 | €46,888 | +€4,318 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €18,112 | €15,862 | -€2,250 | -12.4% |
| Financial debts | 43 | €15,967 | €17,447 | +€1,480 | +9.3% |
| Credit institutions | 430/8 | €15,967 | €17,447 | +€1,480 | +9.3% |
| Trade debts | 44 | €545 | €1,964 | +€1,420 | +260.7% |
| Suppliers | 440/4 | €545 | €1,964 | +€1,420 | +260.7% |
| Taxes, remuneration and social security | 45 | €7,114 | €10,783 | +€3,668 | +51.6% |
| Taxes | 450/3 | €7,114 | €10,783 | +€3,668 | +51.6% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,963 | €1,736 | -€227 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,062 | €8,136 | -€926 | -10.2% |
| Other operating charges | 640/8 | €1,889 | €1,964 | +€75 | +4.0% |
| Gross operating margin | 9900 | €29,229 | €34,751 | +€5,522 | +18.9% |
| Operating profit (loss) | 9901 | €18,278 | €24,650 | +€6,373 | +34.9% |
| Financial income | 75/76B | €207 | €207 | +€0 | 0.0% |
| Recurring financial income | 75 | €207 | €207 | +€0 | 0.0% |
| Financial charges | 65/66B | €6,698 | €5,217 | -€1,482 | -22.1% |
| Recurring financial charges | 65 | €6,698 | €5,217 | -€1,482 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €11,786 | €19,640 | +€7,854 | +66.6% |
| Income taxes | 67/77 | €3,862 | €6,425 | +€2,563 | +66.4% |
| Profit (loss) for the period | 9904 | €7,925 | €13,216 | +€5,291 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,925 | €13,216 | +€5,291 | +66.8% |
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 10 October 2026 via checked.be.