KF IMMO: 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.
KF IMMO
Largest movements
- Cash -€65,191
down €65,191 (-61.0%), from €106,806 to €41,615
mainly Net result for the year (-€91,135) and Other debts (-€66,323)
- Stocks and contracts +€65,044
up €65,044 (+1.9%), from €3.5m to €3.5m
- Short-term financial debts +€123,932
new in 2025: €123,932
- Profit (loss) carried forward -€91,135
down €91,135 (-57.8%), from -€157,664 to -€248,799
- Other debts -€66,323
down €66,323 (-1.9%), from €3.5m to €3.4m
- Gross operating margin -€76,472
down €76,472 (-2498.8%), from -€3,060 to -€79,532
- Financial charges +€4,761
up €4,761 (+113.4%), from €4,197 to €8,959
- Other operating charges +€2,146
up €2,146 (+208.1%), from €1,031 to €3,177
- Financial income +€1,025
up €1,025 (+168.0%), from €610 to €1,635
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 | €3,687,293 | €3,665,047 | -€22,246 | -0.6% |
| Fixed assets | 21/28 | €3,884 | €2,783 | -€1,102 | -28.4% |
| Tangible fixed assets | 22/27 | €3,884 | €2,783 | -€1,102 | -28.4% |
| Plant, machinery and equipment | 23 | €3,884 | €2,783 | -€1,102 | -28.4% |
| Current assets | 29/58 | €3,683,408 | €3,662,264 | -€21,144 | -0.6% |
| Stocks and contracts in progress | 3 | €3,478,725 | €3,543,769 | +€65,044 | +1.9% |
| Stocks | 30/36 | €3,478,725 | €3,543,769 | +€65,044 | +1.9% |
| Amounts receivable within one year | 40/41 | €97,010 | €75,038 | -€21,973 | -22.6% |
| Other amounts receivable | 41 | €97,010 | €75,038 | -€21,973 | -22.6% |
| Cash at bank and in hand | 54/58 | €106,806 | €41,615 | -€65,191 | -61.0% |
| Deferred charges and accrued income | 490/1 | €868 | €1,843 | +€975 | +112.3% |
| Total equity and liabilities | 10/49 | €3,687,293 | €3,665,047 | -€22,246 | -0.6% |
| Equity | 10/15 | -€116,680 | -€207,815 | -€91,135 | -78.1% |
| Contributions | 10/11 | €18,709 | €18,709 | = | 0.0% |
| Reserves | 13 | €22,275 | €22,275 | = | 0.0% |
| Distributable reserves | 133 | €22,275 | €22,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,664 | -€248,799 | -€91,135 | -57.8% |
| Amounts payable | 17/49 | €3,803,973 | €3,872,862 | +€68,889 | +1.8% |
| Amounts payable within one year | 42/48 | €3,574,685 | €3,615,537 | +€40,853 | +1.1% |
| Financial debts | 43 | - | €123,932 | +€123,932 | |
| Credit institutions | 430/8 | - | €123,932 | +€123,932 | |
| Trade debts | 44 | €66,956 | €48,314 | -€18,642 | -27.8% |
| Suppliers | 440/4 | €66,956 | €48,314 | -€18,642 | -27.8% |
| Taxes, remuneration and social security | 45 | - | €1,885 | +€1,885 | |
| Taxes | 450/3 | - | €1,885 | +€1,885 | |
| Other amounts payable | 47/48 | €3,507,729 | €3,441,406 | -€66,323 | -1.9% |
| Accrued charges and deferred income | 492/3 | €229,288 | €257,324 | +€28,036 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €1,102 | = | 0.0% |
| Other operating charges | 640/8 | €1,031 | €3,177 | +€2,146 | +208.1% |
| Gross operating margin | 9900 | -€3,060 | -€79,532 | -€76,472 | -2498.8% |
| Operating profit (loss) | 9901 | -€5,193 | -€83,811 | -€78,618 | -1513.8% |
| Financial income | 75/76B | €610 | €1,635 | +€1,025 | +168.0% |
| Recurring financial income | 75 | €610 | €1,635 | +€1,025 | +168.0% |
| Financial charges | 65/66B | €4,197 | €8,959 | +€4,761 | +113.4% |
| Recurring financial charges | 65 | €4,197 | €8,959 | +€4,761 | +113.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,781 | -€91,135 | -€82,354 | -937.9% |
| Profit (loss) for the period | 9904 | -€8,781 | -€91,135 | -€82,354 | -937.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,781 | -€91,135 | -€82,354 | -937.9% |
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 3 October 2026 via checked.be.