KDC 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.
KDC Immo
Largest movements
- Receivables within one year -€18,462
down €18,462 (-86.0%), from €21,469 to €3,008
- Debts after one year -€46,569
down €46,569 (-8.2%), from €568,970 to €522,402
- Reserves +€25,705
up €25,705 (+6.7%), from €385,579 to €411,283
- Gross operating margin -€647,779
down €647,779 (-85.0%), from €762,515 to €114,736
- Depreciation -€354,040
down €354,040 (-85.8%), from €412,576 to €58,536
- Taxes -€89,255
down €89,255 (-88.8%), from €100,520 to €11,264
- Financial charges -€10,685
down €10,685 (-40.1%), from €26,653 to €15,968
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 | €1,089,154 | €1,065,385 | -€23,769 | -2.2% |
| Fixed assets | 21/28 | €830,578 | €823,683 | -€6,896 | -0.8% |
| Tangible fixed assets | 22/27 | €830,578 | €823,683 | -€6,896 | -0.8% |
| Land and buildings | 22 | €619,945 | €609,477 | -€10,468 | -1.7% |
| Plant, machinery and equipment | 23 | €28,902 | €29,202 | +€300 | +1.0% |
| Furniture and vehicles | 24 | €181,731 | €185,003 | +€3,272 | +1.8% |
| Current assets | 29/58 | €258,576 | €241,702 | -€16,873 | -6.5% |
| Amounts receivable within one year | 40/41 | €21,469 | €3,008 | -€18,462 | -86.0% |
| Trade receivables | 40 | €21,469 | €3,008 | -€18,462 | -86.0% |
| Cash at bank and in hand | 54/58 | €237,106 | €238,695 | +€1,588 | +0.7% |
| Total equity and liabilities | 10/49 | €1,089,154 | €1,065,385 | -€23,769 | -2.2% |
| Equity | 10/15 | €405,579 | €431,283 | +€25,705 | +6.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €385,579 | €411,283 | +€25,705 | +6.7% |
| Distributable reserves | 133 | €385,579 | €411,283 | +€25,705 | +6.7% |
| Amounts payable | 17/49 | €683,575 | €634,102 | -€49,474 | -7.2% |
| Amounts payable after more than one year | 17 | €568,970 | €522,402 | -€46,569 | -8.2% |
| Financial debts | 170/4 | €568,970 | €522,402 | -€46,569 | -8.2% |
| Amounts payable within one year | 42/48 | €114,605 | €111,700 | -€2,905 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €46,446 | €47,769 | +€1,323 | +2.8% |
| Trade debts | 44 | €2,285 | €1,749 | -€536 | -23.5% |
| Suppliers | 440/4 | €2,285 | €1,749 | -€536 | -23.5% |
| Taxes, remuneration and social security | 45 | €53,911 | €60,168 | +€6,257 | +11.6% |
| Taxes | 450/3 | €49,511 | €55,768 | +€6,257 | +12.6% |
| Remuneration and social security | 454/9 | €4,400 | €4,400 | = | 0.0% |
| Other amounts payable | 47/48 | €11,963 | €2,014 | -€9,949 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,576 | €58,536 | -€354,040 | -85.8% |
| Other operating charges | 640/8 | €5,313 | €3,332 | -€1,981 | -37.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €762,515 | €114,736 | -€647,779 | -85.0% |
| Operating profit (loss) | 9901 | €344,626 | €52,868 | -€291,758 | -84.7% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €26,653 | €15,968 | -€10,685 | -40.1% |
| Recurring financial charges | 65 | €26,653 | €15,968 | -€10,685 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €317,973 | €36,969 | -€281,003 | -88.4% |
| Income taxes | 67/77 | €100,520 | €11,264 | -€89,255 | -88.8% |
| Profit (loss) for the period | 9904 | €217,453 | €25,705 | -€191,748 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €217,453 | €25,705 | -€191,748 | -88.2% |
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 13 October 2026 via checked.be.