Kenimmo: 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.
Kenimmo
Largest movements
- Tangible fixed assets -€118,439
down €118,439 (-22.1%), from €534,757 to €416,318
- Cash +€25,992
up €25,992 (+60.4%), from €43,045 to €69,037
mainly Depreciation (+€130,377) and Other debts (+€5,239)
- Debts after one year -€27,357
down €27,357 (-93.3%), from €29,311 to €1,955
- Current portion of long-term debt -€19,934
down €19,934 (-42.2%), from €47,291 to €27,357
- Profit (loss) carried forward -€15,177
down €15,177 (-43.1%), from -€35,218 to -€50,394
- Accrued charges and deferred income -€14,244
down €14,244 (-100.0%), from €14,247 to €2
- Reserves -€13,823
down €13,823 (-11.2%), from €122,926 to €109,103
of which Tax-exempt reserves: -€13,823
- Gross operating margin -€7,113
down €7,113 (-5.7%), from €124,124 to €117,010
- Depreciation +€1,521
up €1,521 (+1.2%), from €128,856 to €130,377
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 | €579,080 | €486,667 | -€92,414 | -16.0% |
| Fixed assets | 21/28 | €535,005 | €416,566 | -€118,439 | -22.1% |
| Tangible fixed assets | 22/27 | €534,757 | €416,318 | -€118,439 | -22.1% |
| Land and buildings | 22 | €534,757 | €416,318 | -€118,439 | -22.1% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €44,075 | €70,101 | +€26,026 | +59.0% |
| Cash at bank and in hand | 54/58 | €43,045 | €69,037 | +€25,992 | +60.4% |
| Deferred charges and accrued income | 490/1 | €1,030 | €1,064 | +€34 | +3.3% |
| Total equity and liabilities | 10/49 | €579,080 | €486,667 | -€92,414 | -16.0% |
| Equity | 10/15 | €235,181 | €206,182 | -€28,999 | -12.3% |
| Contributions | 10/11 | €147,473 | €147,473 | = | 0.0% |
| Capital | 10 | €147,473 | €147,473 | = | 0.0% |
| Issued capital | 100 | €147,473 | €147,473 | = | 0.0% |
| Reserves | 13 | €122,926 | €109,103 | -€13,823 | -11.2% |
| Non-distributable reserves | 130/1 | €10,850 | €10,850 | = | 0.0% |
| Legal reserve | 130 | €10,850 | €10,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,153 | €13,330 | -€13,823 | -50.9% |
| Distributable reserves | 133 | €84,922 | €84,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,218 | -€50,394 | -€15,177 | -43.1% |
| Provisions and deferred taxes | 16 | €13,982 | €6,864 | -€7,118 | -50.9% |
| Deferred taxes | 168 | €13,982 | €6,864 | -€7,118 | -50.9% |
| Amounts payable | 17/49 | €329,917 | €273,621 | -€56,296 | -17.1% |
| Amounts payable after more than one year | 17 | €29,311 | €1,955 | -€27,357 | -93.3% |
| Financial debts | 170/4 | €29,311 | €1,955 | -€27,357 | -93.3% |
| Amounts payable within one year | 42/48 | €286,359 | €271,664 | -€14,695 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €47,291 | €27,357 | -€19,934 | -42.2% |
| Other amounts payable | 47/48 | €239,068 | €244,307 | +€5,239 | +2.2% |
| Accrued charges and deferred income | 492/3 | €14,247 | €2 | -€14,244 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,856 | €130,377 | +€1,521 | +1.2% |
| Other operating charges | 640/8 | €20,890 | €21,544 | +€654 | +3.1% |
| Gross operating margin | 9900 | €124,124 | €117,010 | -€7,113 | -5.7% |
| Operating profit (loss) | 9901 | -€25,622 | -€34,911 | -€9,289 | -36.3% |
| Financial charges | 65/66B | €2,090 | €1,206 | -€883 | -42.3% |
| Recurring financial charges | 65 | €2,090 | €1,206 | -€883 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,712 | -€36,117 | -€8,405 | -30.3% |
| Transfer from deferred taxes | 780 | €7,118 | €7,118 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€20,594 | -€28,999 | -€8,405 | -40.8% |
| Transfer from tax-exempt reserves | 789 | €13,823 | €13,823 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,771 | -€15,177 | -€8,405 | -124.1% |
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 29 September 2026 via checked.be.