KD IMMOBILIEN: 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.
KD IMMOBILIEN
Largest movements
- Receivables within one year -€181,500
no longer reported in 2025 (was €181,500)
- Cash +€172,007
up €172,007 (+678%), from €25,374 to €197,381
mainly Receivables within one year (+€181,500) and Depreciation (+€23,481)
- Tangible fixed assets -€19,524
down €19,524 (-7.2%), from €272,259 to €252,734
of which Land and buildings: -€15,798
- Tax, wage and social debts -€28,411
down €28,411 (-50.4%), from €56,390 to €27,980
- Gross operating margin -€176,117
down €176,117 (-84.2%), from €209,156 to €33,039
- Taxes -€57,281
down €57,281 (-96.9%), from €59,088 to €1,807
- Write-downs -€53,320
new in 2025: -€53,320
- Other operating charges +€49,289
up €49,289 (+667%), from €7,390 to €56,679
- Depreciation +€4,383
up €4,383 (+23.0%), from €19,098 to €23,481
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.
Derived cash bridge
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 | €709,787 | €681,060 | -€28,727 | -4.0% |
| Fixed assets | 21/28 | €392,259 | €372,734 | -€19,524 | -5.0% |
| Tangible fixed assets | 22/27 | €272,259 | €252,734 | -€19,524 | -7.2% |
| Land and buildings | 22 | €241,607 | €225,809 | -€15,798 | -6.5% |
| Plant, machinery and equipment | 23 | €439 | €3,595 | +€3,156 | +719% |
| Furniture and vehicles | 24 | €30,213 | €23,330 | -€6,882 | -22.8% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €317,528 | €308,326 | -€9,202 | -2.9% |
| Amounts receivable within one year | 40/41 | €181,500 | - | -€181,500 | |
| Trade receivables | 40 | €181,500 | - | -€181,500 | |
| Cash at bank and in hand | 54/58 | €25,374 | €197,381 | +€172,007 | +678% |
| Deferred charges and accrued income | 490/1 | €110,655 | €110,945 | +€290 | +0.3% |
| Total equity and liabilities | 10/49 | €709,787 | €681,060 | -€28,727 | -4.0% |
| Equity | 10/15 | €639,778 | €643,197 | +€3,419 | +0.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €238,388 | €241,807 | +€3,419 | +1.4% |
| Non-distributable reserves | 130/1 | €15,000 | - | -€15,000 | |
| Reserves not available under the articles | 1311 | €15,000 | - | -€15,000 | |
| Distributable reserves | 133 | €223,388 | €241,807 | +€18,419 | +8.2% |
| Profit (loss) carried forward | 14 | €251,390 | €251,390 | = | 0.0% |
| Amounts payable | 17/49 | €70,009 | €37,863 | -€32,146 | -45.9% |
| Amounts payable within one year | 42/48 | €70,009 | €37,863 | -€32,146 | -45.9% |
| Trade debts | 44 | €3,764 | €1,189 | -€2,574 | -68.4% |
| Suppliers | 440/4 | €3,764 | €1,189 | -€2,574 | -68.4% |
| Taxes, remuneration and social security | 45 | €56,390 | €27,980 | -€28,411 | -50.4% |
| Taxes | 450/3 | €56,390 | €27,980 | -€28,411 | -50.4% |
| Other amounts payable | 47/48 | €9,855 | €8,694 | -€1,162 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,098 | €23,481 | +€4,383 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€53,320 | -€53,320 | |
| Other operating charges | 640/8 | €7,390 | €56,679 | +€49,289 | +667% |
| Gross operating margin | 9900 | €209,156 | €33,039 | -€176,117 | -84.2% |
| Operating profit (loss) | 9901 | €182,668 | €6,199 | -€176,469 | -96.6% |
| Financial income | 75/76B | €2 | €4 | +€2 | +76.4% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +76.4% |
| Financial charges | 65/66B | €784 | €976 | +€192 | +24.6% |
| Recurring financial charges | 65 | €784 | €976 | +€192 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €181,886 | €5,227 | -€176,659 | -97.1% |
| Income taxes | 67/77 | €59,088 | €1,807 | -€57,281 | -96.9% |
| Profit (loss) for the period | 9904 | €122,798 | €3,419 | -€119,378 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,798 | €3,419 | -€119,378 | -97.2% |
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 29 October 2026 via checked.be.