KBF IMMO: what changed
Two fiscal 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.
KBF IMMO
Largest movements
- Tangible fixed assets -€13,413
down €13,413 (-1.5%), from €891,262 to €877,849
- Debts after one year -€27,580
down €27,580 (-4.2%), from €653,530 to €625,950
of which Financial debts: -€27,580
- Other debts +€17,599
up €17,599 (+6.3%), from €278,035 to €295,634
- Trade debts +€10,508
up €10,508 (+382.1%), from €2,750 to €13,258
- Profit (loss) carried forward -€9,125
down €9,125 (-11.7%), from -€78,291 to -€87,417
- Gross operating margin +€15,198
up €15,198 (+30.2%), from €50,372 to €65,569
- Other operating charges +€8,579
up €8,579 (+994.1%), from €863 to €9,442
- Depreciation +€2,588
up €2,588 (+5.9%), from €44,167 to €46,755
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 | €896,417 | €888,655 | -€7,762 | -0.9% |
| Fixed assets | 21/28 | €891,262 | €877,849 | -€13,413 | -1.5% |
| Tangible fixed assets | 22/27 | €891,262 | €877,849 | -€13,413 | -1.5% |
| Land and buildings | 22 | €891,262 | €877,849 | -€13,413 | -1.5% |
| Current assets | 29/58 | €5,155 | €10,806 | +€5,651 | +109.6% |
| Amounts receivable within one year | 40/41 | €5,155 | €2,411 | -€2,745 | -53.2% |
| Trade receivables | 40 | €5,138 | €1,815 | -€3,323 | -64.7% |
| Other amounts receivable | 41 | €18 | €596 | +€578 | +3283.6% |
| Cash at bank and in hand | 54/58 | - | €8,395 | +€8,395 | |
| Total equity and liabilities | 10/49 | €896,417 | €888,655 | -€7,762 | -0.9% |
| Equity | 10/15 | -€68,291 | -€77,417 | -€9,125 | -13.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,291 | -€87,417 | -€9,125 | -11.7% |
| Amounts payable | 17/49 | €964,709 | €966,071 | +€1,363 | +0.1% |
| Amounts payable after more than one year | 17 | €653,530 | €625,950 | -€27,580 | -4.2% |
| Financial debts | 170/4 | €641,230 | €613,650 | -€27,580 | -4.3% |
| Other amounts payable | 178/9 | €12,300 | €12,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €311,179 | €340,122 | +€28,943 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €26,868 | €27,580 | +€712 | +2.7% |
| Financial debts | 43 | €358 | - | -€358 | |
| Credit institutions | 430/8 | €358 | - | -€358 | |
| Trade debts | 44 | €2,750 | €13,258 | +€10,508 | +382.1% |
| Suppliers | 440/4 | €2,750 | €13,258 | +€10,508 | +382.1% |
| Taxes, remuneration and social security | 45 | €3,168 | €3,650 | +€482 | +15.2% |
| Taxes | 450/3 | €3,168 | €3,650 | +€482 | +15.2% |
| Other amounts payable | 47/48 | €278,035 | €295,634 | +€17,599 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,167 | €46,755 | +€2,588 | +5.9% |
| Other operating charges | 640/8 | €863 | €9,442 | +€8,579 | +994.1% |
| Gross operating margin | 9900 | €50,372 | €65,569 | +€15,198 | +30.2% |
| Operating profit (loss) | 9901 | €5,341 | €9,372 | +€4,031 | +75.5% |
| Financial income | 75/76B | €634 | - | -€634 | |
| Recurring financial income | 75 | €634 | - | -€634 | |
| Financial charges | 65/66B | €19,119 | €18,497 | -€622 | -3.3% |
| Recurring financial charges | 65 | €19,119 | €18,497 | -€622 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,143 | -€9,125 | +€4,018 | +30.6% |
| Profit (loss) for the period | 9904 | -€13,143 | -€9,125 | +€4,018 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,143 | -€9,125 | +€4,018 | +30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.