KEMNET 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.
KEMNET IMMO
Largest movements
- Tangible fixed assets -€92,936
down €92,936 (-3.3%), from €2.8m to €2.8m
- Cash +€56,682
up €56,682 (+476%), from €11,896 to €68,577
mainly Net result for the year (+€118,946) and Depreciation (+€99,824)
- Debts after one year -€138,604
down €138,604 (-6.1%), from €2.3m to €2.1m
- Reserves +€118,946
up €118,946 (+47.9%), from €248,559 to €367,505
- Depreciation +€8,024
up €8,024 (+8.7%), from €91,799 to €99,824
- Gross operating margin +€5,003
up €5,003 (+1.5%), from €333,187 to €338,189
- Financial charges -€3,986
down €3,986 (-6.5%), from €61,192 to €57,206
- Taxes +€3,777
up €3,777 (+7.3%), from €51,984 to €55,761
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,859,880 | €2,824,826 | -€35,055 | -1.2% |
| Fixed assets | 21/28 | €2,845,347 | €2,752,410 | -€92,936 | -3.3% |
| Tangible fixed assets | 22/27 | €2,845,347 | €2,752,410 | -€92,936 | -3.3% |
| Land and buildings | 22 | €2,845,347 | €2,752,410 | -€92,936 | -3.3% |
| Current assets | 29/58 | €14,534 | €72,416 | +€57,882 | +398% |
| Amounts receivable within one year | 40/41 | €1,000 | €2,190 | +€1,190 | +119% |
| Other amounts receivable | 41 | €1,000 | €2,190 | +€1,190 | +119% |
| Cash at bank and in hand | 54/58 | €11,896 | €68,577 | +€56,682 | +476% |
| Deferred charges and accrued income | 490/1 | €1,638 | €1,648 | +€10 | +0.6% |
| Total equity and liabilities | 10/49 | €2,859,880 | €2,824,826 | -€35,055 | -1.2% |
| Equity | 10/15 | €275,004 | €393,950 | +€118,946 | +43.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €248,559 | €367,505 | +€118,946 | +47.9% |
| Distributable reserves | 133 | €248,559 | €367,505 | +€118,946 | +47.9% |
| Profit (loss) carried forward | 14 | €5,445 | €5,445 | = | 0.0% |
| Amounts payable | 17/49 | €2,584,876 | €2,430,876 | -€154,000 | -6.0% |
| Amounts payable after more than one year | 17 | €2,273,820 | €2,135,217 | -€138,604 | -6.1% |
| Financial debts | 170/4 | €2,273,820 | €2,135,217 | -€138,604 | -6.1% |
| Amounts payable within one year | 42/48 | €310,915 | €295,516 | -€15,400 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €134,477 | €138,604 | +€4,126 | +3.1% |
| Trade debts | 44 | €75 | - | -€75 | |
| Suppliers | 440/4 | €75 | - | -€75 | |
| Taxes, remuneration and social security | 45 | €31,896 | €11,895 | -€20,001 | -62.7% |
| Taxes | 450/3 | €31,896 | €11,895 | -€20,001 | -62.7% |
| Other amounts payable | 47/48 | €144,467 | €145,017 | +€550 | +0.4% |
| Accrued charges and deferred income | 492/3 | €141 | €144 | +€4 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,799 | €99,824 | +€8,024 | +8.7% |
| Other operating charges | 640/8 | €6,253 | €6,454 | +€200 | +3.2% |
| Gross operating margin | 9900 | €333,187 | €338,189 | +€5,003 | +1.5% |
| Operating profit (loss) | 9901 | €235,134 | €231,912 | -€3,222 | -1.4% |
| Financial charges | 65/66B | €61,192 | €57,206 | -€3,986 | -6.5% |
| Recurring financial charges | 65 | €61,192 | €57,206 | -€3,986 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €173,942 | €174,707 | +€765 | +0.4% |
| Income taxes | 67/77 | €51,984 | €55,761 | +€3,777 | +7.3% |
| Profit (loss) for the period | 9904 | €121,958 | €118,946 | -€3,012 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €121,958 | €118,946 | -€3,012 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.