KAYE 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.
KAYE IMMO
Largest movements
- Cash -€17,572
down €17,572 (-48.1%), from €36,521 to €18,949
mainly Provisions (-€26,997) and Investment in fixed assets (net) (-€15,900)
- Reserves +€31,300
up €31,300 (+303.5%), from €10,313 to €41,613
of which Distributable reserves: +€31,300
- Provisions -€26,997
no longer reported in 2025 (was €26,997)
- Current portion of long-term debt -€15,417
down €15,417 (-26.1%), from €59,006 to €43,588
- Debts after one year -€11,166
down €11,166 (-7.1%), from €156,904 to €145,739
- Other debts -€6,000
down €6,000 (-9.5%), from €63,172 to €57,172
- Purchases and services -€23,074
no longer reported in 2025 (was €23,074)
- Gross operating margin -€3,766
down €3,766 (-4.5%), from €83,797 to €80,031
- Taxes +€1,722
up €1,722 (+12.3%), from €13,975 to €15,697
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 | €568,147 | €545,929 | -€22,218 | -3.9% |
| Fixed assets | 21/28 | €529,640 | €524,929 | -€4,711 | -0.9% |
| Tangible fixed assets | 22/27 | €529,640 | €524,929 | -€4,711 | -0.9% |
| Land and buildings | 22 | €498,915 | €496,241 | -€2,674 | -0.5% |
| Plant, machinery and equipment | 23 | €27,725 | €26,688 | -€1,037 | -3.7% |
| Furniture and vehicles | 24 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Current assets | 29/58 | €38,507 | €21,000 | -€17,507 | -45.5% |
| Cash at bank and in hand | 54/58 | €36,521 | €18,949 | -€17,572 | -48.1% |
| Deferred charges and accrued income | 490/1 | €1,986 | €2,051 | +€65 | +3.3% |
| Total equity and liabilities | 10/49 | €568,147 | €545,929 | -€22,218 | -3.9% |
| Equity | 10/15 | €236,074 | €267,465 | +€31,392 | +13.3% |
| Contributions | 10/11 | €103,125 | €103,125 | = | 0.0% |
| Reserves | 13 | €10,313 | €41,613 | +€31,300 | +303.5% |
| Non-distributable reserves | 130/1 | €10,313 | €10,313 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,313 | €10,313 | = | 0.0% |
| Distributable reserves | 133 | - | €31,300 | +€31,300 | |
| Profit (loss) carried forward | 14 | €122,636 | €122,728 | +€92 | +0.1% |
| Provisions and deferred taxes | 16 | €26,997 | - | -€26,997 | |
| Provisions for liabilities and charges | 160/5 | €26,997 | - | -€26,997 | |
| Environmental obligations | 163 | €26,997 | - | -€26,997 | |
| Amounts payable | 17/49 | €305,076 | €278,464 | -€26,613 | -8.7% |
| Amounts payable after more than one year | 17 | €156,904 | €145,739 | -€11,166 | -7.1% |
| Financial debts | 170/4 | €156,904 | €145,739 | -€11,166 | -7.1% |
| Amounts payable within one year | 42/48 | €148,172 | €132,725 | -€15,447 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €59,006 | €43,588 | -€15,417 | -26.1% |
| Trade debts | 44 | €242 | €2,293 | +€2,051 | +847.6% |
| Suppliers | 440/4 | €242 | €2,293 | +€2,051 | +847.6% |
| Taxes, remuneration and social security | 45 | €25,752 | €29,672 | +€3,919 | +15.2% |
| Taxes | 450/3 | €25,752 | €29,672 | +€3,919 | +15.2% |
| Other amounts payable | 47/48 | €63,172 | €57,172 | -€6,000 | -9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,074 | - | -€23,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,031 | €20,611 | +€581 | +2.9% |
| Other operating charges | 640/8 | €7,884 | €8,131 | +€247 | +3.1% |
| Gross operating margin | 9900 | €83,797 | €80,031 | -€3,766 | -4.5% |
| Operating profit (loss) | 9901 | €55,882 | €51,288 | -€4,594 | -8.2% |
| Financial charges | 65/66B | €4,598 | €4,200 | -€398 | -8.7% |
| Recurring financial charges | 65 | €4,598 | €4,200 | -€398 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €51,285 | €47,088 | -€4,196 | -8.2% |
| Income taxes | 67/77 | €13,975 | €15,697 | +€1,722 | +12.3% |
| Profit (loss) for the period | 9904 | €37,310 | €31,392 | -€5,918 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,310 | €31,392 | -€5,918 | -15.9% |
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.