KEY IMMO CONSULTING: 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.
KEY IMMO CONSULTING
Largest movements
- Receivables after one year +€342,425
up €342,425 (+18.6%), from €1.8m to €2.2m
- Receivables within one year +€142,187
up €142,187 (+26.5%), from €536,124 to €678,311
of which Other amounts receivable: +€179,722
- Debts after one year +€428,643
up €428,643 (+23.1%), from €1.9m to €2.3m
- Short-term financial debts -€414,358
down €414,358 (-83.9%), from €494,052 to €79,694
- Reserves +€402,019
up €402,019 (+42.3%), from €949,527 to €1.4m
- Tax, wage and social debts +€142,510
up €142,510 (+63.2%), from €225,337 to €367,847
- Trade debts -€79,343
down €79,343 (-50.3%), from €157,733 to €78,390
- Gross operating margin +€485,912
up €485,912 (+170%), from €285,531 to €771,443
- Taxes +€168,824
up €168,824 (+564%), from €29,929 to €198,753
- Other operating charges -€17,313
down €17,313 (-67.8%), from €25,554 to €8,240
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,145,666 | €4,621,072 | +€475,406 | +11.5% |
| Fixed assets | 21/28 | €975,766 | €936,547 | -€39,219 | -4.0% |
| Intangible fixed assets | 21 | €34,403 | €25,749 | -€8,654 | -25.2% |
| Tangible fixed assets | 22/27 | €910,175 | €879,610 | -€30,565 | -3.4% |
| Land and buildings | 22 | €887,379 | €857,393 | -€29,986 | -3.4% |
| Plant, machinery and equipment | 23 | €7,421 | €5,318 | -€2,103 | -28.3% |
| Furniture and vehicles | 24 | €11,626 | €11,613 | -€13 | -0.1% |
| Other tangible fixed assets | 26 | €3,750 | €5,287 | +€1,537 | +41.0% |
| Financial fixed assets | 28 | €31,188 | €31,188 | = | 0.0% |
| Current assets | 29/58 | €3,169,901 | €3,684,525 | +€514,624 | +16.2% |
| Amounts receivable after more than one year | 29 | €1,845,336 | €2,187,761 | +€342,425 | +18.6% |
| Other amounts receivable | 291 | €1,845,336 | €2,187,761 | +€342,425 | +18.6% |
| Stocks and contracts in progress | 3 | €788,441 | €813,453 | +€25,012 | +3.2% |
| Stocks | 30/36 | €788,441 | €813,453 | +€25,012 | +3.2% |
| Amounts receivable within one year | 40/41 | €536,124 | €678,311 | +€142,187 | +26.5% |
| Trade receivables | 40 | €227,646 | €190,112 | -€37,535 | -16.5% |
| Other amounts receivable | 41 | €308,478 | €488,199 | +€179,722 | +58.3% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €4,145,666 | €4,621,072 | +€475,406 | +11.5% |
| Equity | 10/15 | €968,127 | €1,370,145 | +€402,019 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €949,527 | €1,351,545 | +€402,019 | +42.3% |
| Distributable reserves | 133 | €949,527 | €1,351,545 | +€402,019 | +42.3% |
| Amounts payable | 17/49 | €3,177,540 | €3,250,927 | +€73,387 | +2.3% |
| Amounts payable after more than one year | 17 | €1,858,481 | €2,287,124 | +€428,643 | +23.1% |
| Financial debts | 170/4 | €1,858,481 | €2,287,124 | +€428,643 | +23.1% |
| Amounts payable within one year | 42/48 | €1,313,878 | €958,553 | -€355,324 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €49,072 | €50,721 | +€1,649 | +3.4% |
| Financial debts | 43 | €494,052 | €79,694 | -€414,358 | -83.9% |
| Credit institutions | 430/8 | €494,052 | €79,694 | -€414,358 | -83.9% |
| Trade debts | 44 | €157,733 | €78,390 | -€79,343 | -50.3% |
| Suppliers | 440/4 | €157,733 | €78,390 | -€79,343 | -50.3% |
| Advances received on contracts in progress | 46 | €6,195 | €525 | -€5,670 | -91.5% |
| Taxes, remuneration and social security | 45 | €225,337 | €367,847 | +€142,510 | +63.2% |
| Taxes | 450/3 | €225,337 | €367,847 | +€142,510 | +63.2% |
| Other amounts payable | 47/48 | €381,489 | €381,377 | -€113 | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,182 | €5,250 | +€68 | +1.3% |
| Non-recurring operating income | 76A | €2,074 | - | -€2,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,346 | €44,957 | +€1,611 | +3.7% |
| Other operating charges | 640/8 | €25,554 | €8,240 | -€17,313 | -67.8% |
| Gross operating margin | 9900 | €285,531 | €771,443 | +€485,912 | +170% |
| Operating profit (loss) | 9901 | €216,632 | €718,246 | +€501,614 | +232% |
| Financial income | 75/76B | €35,264 | €40,689 | +€5,424 | +15.4% |
| Recurring financial income | 75 | €35,264 | €40,689 | +€5,424 | +15.4% |
| Financial charges | 65/66B | €153,516 | €158,163 | +€4,647 | +3.0% |
| Recurring financial charges | 65 | €153,516 | €158,163 | +€4,647 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €98,380 | €600,772 | +€502,391 | +511% |
| Income taxes | 67/77 | €29,929 | €198,753 | +€168,824 | +564% |
| Profit (loss) for the period | 9904 | €68,452 | €402,019 | +€333,567 | +487% |
| Profit (loss) for the period to be appropriated | 9905 | €68,452 | €402,019 | +€333,567 | +487% |
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 23 October 2026 via checked.be.