KAAI 43: what changed
What changed
KAAI 43
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€115,663
2024 · €138,325-€22,662
Equity
€70,411
2024 · €69,748+€663
Cash
€12,702
2024 · €4,128+€8,574
Balance sheet total
€275,716
2024 · €279,637-€3,921
Largest movements
Assets
- Tangible fixed assets -€12,970
down €12,970 (-4.8%), from €272,840 to €259,869
of which Land and buildings: -€10,631
- Cash +€8,574
up €8,574 (+208%), from €4,128 to €12,702
mainly Net result for the year (+€115,663) and Depreciation (+€12,970)
Equity and liabilities
- Debts after one year -€9,897
down €9,897 (-5.5%), from €180,629 to €170,732
- Other debts +€3,586
up €3,586 (+1,763%), from €203 to €3,790
- Trade debts +€2,924
up €2,924 (+640%), from €457 to €3,381
Income statement
- Gross operating margin -€22,531
down €22,531 (-13.9%), from €161,942 to €139,411
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.
Result 2024
€138,325
Gross operating margin
-€22,531
Depreciation
+€323
Other operating charges
+€132
Financial income
+€12
Financial charges
+€178
Taxes
-€775
Result 2025
€115,663
raises the resultlowers the result
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.
From operations
+€133,471
Investment
€0
Financing
-€124,897
Cash 2024
€4,128
From operations (derived)
+€133,471
Net result for the year
+€115,663
Depreciation
+€12,970
Receivables within one year
+€967
Deferred charges and accrued income
-€1,442
Trade debts
+€2,924
Tax, wage and social debts
-€558
Other debts
+€3,586
Accrued charges and deferred income
-€639
Financing
-€124,897
Debts after one year
-€9,897
Contributions, distributions and other
-€115,000
Cash 2025
€12,702
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,637 | €275,716 | -€3,921 | -1.4% |
| Fixed assets | 21/28 | €272,840 | €259,869 | -€12,970 | -4.8% |
| Tangible fixed assets | 22/27 | €272,840 | €259,869 | -€12,970 | -4.8% |
| Land and buildings | 22 | €265,232 | €254,601 | -€10,631 | -4.0% |
| Plant, machinery and equipment | 23 | €2,197 | €1,438 | -€760 | -34.6% |
| Furniture and vehicles | 24 | €5,411 | €3,831 | -€1,580 | -29.2% |
| Current assets | 29/58 | €6,797 | €15,846 | +€9,049 | +133% |
| Amounts receivable within one year | 40/41 | €1,796 | €829 | -€967 | -53.9% |
| Trade receivables | 40 | €1,759 | €829 | -€930 | -52.9% |
| Other amounts receivable | 41 | €38 | - | -€38 | |
| Cash at bank and in hand | 54/58 | €4,128 | €12,702 | +€8,574 | +208% |
| Deferred charges and accrued income | 490/1 | €873 | €2,316 | +€1,442 | +165% |
| Total equity and liabilities | 10/49 | €279,637 | €275,716 | -€3,921 | -1.4% |
| Equity | 10/15 | €69,748 | €70,411 | +€663 | +1.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €29,748 | €30,411 | +€663 | +2.2% |
| Tax-exempt reserves | 132 | €8,894 | €8,894 | = | 0.0% |
| Distributable reserves | 133 | €20,854 | €21,517 | +€663 | +3.2% |
| Amounts payable | 17/49 | €209,888 | €205,304 | -€4,584 | -2.2% |
| Amounts payable after more than one year | 17 | €180,629 | €170,732 | -€9,897 | -5.5% |
| Financial debts | 170/4 | €180,629 | €170,732 | -€9,897 | -5.5% |
| Amounts payable within one year | 42/48 | €28,621 | €34,573 | +€5,952 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €19,667 | €19,667 | = | 0.0% |
| Trade debts | 44 | €457 | €3,381 | +€2,924 | +640% |
| Suppliers | 440/4 | €457 | €3,381 | +€2,924 | +640% |
| Taxes, remuneration and social security | 45 | €8,294 | €7,736 | -€558 | -6.7% |
| Taxes | 450/3 | €8,294 | €7,736 | -€558 | -6.7% |
| Other amounts payable | 47/48 | €203 | €3,790 | +€3,586 | +1,763% |
| Accrued charges and deferred income | 492/3 | €639 | - | -€639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,293 | €12,970 | -€323 | -2.4% |
| Other operating charges | 640/8 | €3,855 | €3,724 | -€132 | -3.4% |
| Gross operating margin | 9900 | €161,942 | €139,411 | -€22,531 | -13.9% |
| Operating profit (loss) | 9901 | €144,793 | €122,717 | -€22,076 | -15.2% |
| Financial income | 75/76B | €49 | €62 | +€12 | +25.1% |
| Recurring financial income | 75 | €49 | €62 | +€12 | +25.1% |
| Financial charges | 65/66B | €4,125 | €3,947 | -€178 | -4.3% |
| Recurring financial charges | 65 | €4,125 | €3,947 | -€178 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €140,718 | €118,832 | -€21,886 | -15.6% |
| Income taxes | 67/77 | €2,393 | €3,169 | +€775 | +32.4% |
| Profit (loss) for the period | 9904 | €138,325 | €115,663 | -€22,662 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €138,325 | €115,663 | -€22,662 | -16.4% |
Next steps
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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 2 November 2026 via checked.be.