KFB 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.
KFB IMMO
Largest movements
- Tangible fixed assets -€36,839
down €36,839 (-2.6%), from €1.4m to €1.4m
- Cash +€17,435
up €17,435 (+12.3%), from €141,975 to €159,410
mainly Depreciation (+€36,839) and Other debts (+€14,360)
- Debts after one year -€46,867
down €46,867 (-7.7%), from €607,229 to €560,362
- Gross operating margin -€33,400
down €33,400 (-25.6%), from €130,248 to €96,849
- Depreciation -€9,148
down €9,148 (-19.9%), from €45,987 to €36,839
- Financial charges -€6,194
down €6,194 (-15.3%), from €40,430 to €34,236
- Taxes -€4,456
down €4,456 (-51.8%), from €8,598 to €4,142
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 | €1,582,277 | €1,563,331 | -€18,946 | -1.2% |
| Fixed assets | 21/28 | €1,431,133 | €1,394,294 | -€36,839 | -2.6% |
| Tangible fixed assets | 22/27 | €1,431,133 | €1,394,294 | -€36,839 | -2.6% |
| Land and buildings | 22 | €1,431,133 | €1,394,294 | -€36,839 | -2.6% |
| Current assets | 29/58 | €151,144 | €169,037 | +€17,893 | +11.8% |
| Amounts receivable within one year | 40/41 | €7,402 | €8,358 | +€956 | +12.9% |
| Other amounts receivable | 41 | €7,402 | €8,358 | +€956 | +12.9% |
| Cash at bank and in hand | 54/58 | €141,975 | €159,410 | +€17,435 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,767 | €1,269 | -€498 | -28.2% |
| Total equity and liabilities | 10/49 | €1,582,277 | €1,563,331 | -€18,946 | -1.2% |
| Equity | 10/15 | €617,086 | €629,512 | +€12,426 | +2.0% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €67,086 | €79,512 | +€12,426 | +18.5% |
| Distributable reserves | 133 | €67,086 | €79,512 | +€12,426 | +18.5% |
| Amounts payable | 17/49 | €965,191 | €933,819 | -€31,372 | -3.3% |
| Amounts payable after more than one year | 17 | €607,229 | €560,362 | -€46,867 | -7.7% |
| Financial debts | 170/4 | €607,229 | €560,362 | -€46,867 | -7.7% |
| Amounts payable within one year | 42/48 | €353,937 | €369,282 | +€15,345 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €45,936 | €46,867 | +€931 | +2.0% |
| Trade debts | 44 | €246 | €746 | +€501 | +203.9% |
| Suppliers | 440/4 | €246 | €746 | +€501 | +203.9% |
| Taxes, remuneration and social security | 45 | €6,601 | €6,154 | -€447 | -6.8% |
| Taxes | 450/3 | €6,601 | €6,154 | -€447 | -6.8% |
| Other amounts payable | 47/48 | €301,154 | €315,514 | +€14,360 | +4.8% |
| Accrued charges and deferred income | 492/3 | €4,025 | €4,175 | +€150 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,987 | €36,839 | -€9,148 | -19.9% |
| Other operating charges | 640/8 | €9,871 | €9,205 | -€666 | -6.7% |
| Gross operating margin | 9900 | €130,248 | €96,849 | -€33,400 | -25.6% |
| Operating profit (loss) | 9901 | €74,390 | €50,804 | -€23,586 | -31.7% |
| Financial income | 75/76B | €432 | €0 | -€432 | -100.0% |
| Recurring financial income | 75 | €432 | €0 | -€432 | -100.0% |
| Financial charges | 65/66B | €40,430 | €34,236 | -€6,194 | -15.3% |
| Recurring financial charges | 65 | €40,430 | €34,236 | -€6,194 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €34,392 | €16,568 | -€17,824 | -51.8% |
| Income taxes | 67/77 | €8,598 | €4,142 | -€4,456 | -51.8% |
| Profit (loss) for the period | 9904 | €25,794 | €12,426 | -€13,368 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,794 | €12,426 | -€13,368 | -51.8% |
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 6 October 2026 via checked.be.