KAAI PROPERTIES: 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.
KAAI PROPERTIES
Largest movements
- Tangible fixed assets +€982,351
up €982,351 (+53.9%), from €1.8m to €2.8m
of which Land and buildings: +€982,711
- Debts after one year +€604,226
up €604,226 (+51.5%), from €1.2m to €1.8m
- Other debts +€336,899
up €336,899 (+81.7%), from €412,136 to €749,035
- Current portion of long-term debt +€46,725
up €46,725 (+41.8%), from €111,906 to €158,630
- Depreciation +€46,481
up €46,481 (+67.6%), from €68,768 to €115,249
- Gross operating margin +€21,559
up €21,559 (+14.0%), from €153,537 to €175,097
- Financial charges +€20,521
up €20,521 (+66.7%), from €30,769 to €51,291
- Other operating charges +€7,472
up €7,472 (+63.5%), from €11,769 to €19,241
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 | €1,849,190 | €2,822,842 | +€973,651 | +52.7% |
| Fixed assets | 21/28 | €1,824,120 | €2,806,471 | +€982,351 | +53.9% |
| Tangible fixed assets | 22/27 | €1,824,120 | €2,806,471 | +€982,351 | +53.9% |
| Land and buildings | 22 | €1,821,872 | €2,804,583 | +€982,711 | +53.9% |
| Other tangible fixed assets | 26 | €2,248 | €1,888 | -€360 | -16.0% |
| Current assets | 29/58 | €25,070 | €16,370 | -€8,700 | -34.7% |
| Amounts receivable within one year | 40/41 | €5,052 | - | -€5,052 | |
| Trade receivables | 40 | €5,052 | - | -€5,052 | |
| Cash at bank and in hand | 54/58 | €9,948 | €14,370 | +€4,423 | +44.5% |
| Deferred charges and accrued income | 490/1 | €10,071 | €2,000 | -€8,071 | -80.1% |
| Total equity and liabilities | 10/49 | €1,849,190 | €2,822,842 | +€973,651 | +52.7% |
| Equity | 10/15 | €132,855 | €122,191 | -€10,664 | -8.0% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,145 | -€137,809 | -€10,664 | -8.4% |
| Amounts payable | 17/49 | €1,716,335 | €2,700,651 | +€984,316 | +57.3% |
| Amounts payable after more than one year | 17 | €1,172,446 | €1,776,672 | +€604,226 | +51.5% |
| Financial debts | 170/4 | €1,172,446 | €1,776,672 | +€604,226 | +51.5% |
| Amounts payable within one year | 42/48 | €536,422 | €911,979 | +€375,557 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €111,906 | €158,630 | +€46,725 | +41.8% |
| Trade debts | 44 | €12,381 | €4,314 | -€8,067 | -65.2% |
| Suppliers | 440/4 | €12,381 | €4,314 | -€8,067 | -65.2% |
| Other amounts payable | 47/48 | €412,136 | €749,035 | +€336,899 | +81.7% |
| Accrued charges and deferred income | 492/3 | €7,467 | €12,000 | +€4,533 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,768 | €115,249 | +€46,481 | +67.6% |
| Other operating charges | 640/8 | €11,769 | €19,241 | +€7,472 | +63.5% |
| Gross operating margin | 9900 | €153,537 | €175,097 | +€21,559 | +14.0% |
| Operating profit (loss) | 9901 | €73,000 | €40,607 | -€32,394 | -44.4% |
| Financial income | 75/76B | €42 | €20 | -€22 | -52.8% |
| Recurring financial income | 75 | €42 | €20 | -€22 | -52.8% |
| Financial charges | 65/66B | €30,769 | €51,291 | +€20,521 | +66.7% |
| Recurring financial charges | 65 | €30,769 | €51,291 | +€20,521 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €42,273 | -€10,664 | -€52,938 | |
| Profit (loss) for the period | 9904 | €42,273 | -€10,664 | -€52,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,273 | -€10,664 | -€52,938 |
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.