KH 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.
KH IMMO
Largest movements
- Stocks and contracts +€533,547
up €533,547 (+37.8%), from €1.4m to €1.9m
- Receivables within one year -€301,857
down €301,857 (-100.0%), from €301,925 to €68
of which Other amounts receivable: -€176,857
- Other debts +€685,362
up €685,362 (+68.6%), from €999,000 to €1.7m
- Trade debts -€236,946
down €236,946 (-82.8%), from €286,249 to €49,303
- Advances received -€125,000
no longer reported in 2026 (was €125,000)
- Debts after one year -€80,000
down €80,000 (-66.7%), from €120,000 to €40,000
- Profit (loss) carried forward -€30,358
down €30,358 (-104%), from -€29,283 to -€59,642
- Gross operating margin -€11,551
down €11,551, from €7,307 to -€4,244
- Financial charges +€10,776
up €10,776 (+54.4%), from €19,795 to €30,571
- Financial income +€1,434
up €1,434 (+32.9%), from €4,358 to €5,792
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 | €1,750,458 | €1,992,885 | +€242,427 | +13.8% |
| Current assets | 29/58 | €1,750,458 | €1,992,885 | +€242,427 | +13.8% |
| Stocks and contracts in progress | 3 | €1,410,416 | €1,943,963 | +€533,547 | +37.8% |
| Stocks | 30/36 | €1,410,416 | €1,943,963 | +€533,547 | +37.8% |
| Amounts receivable within one year | 40/41 | €301,925 | €68 | -€301,857 | -100.0% |
| Trade receivables | 40 | €125,000 | - | -€125,000 | |
| Other amounts receivable | 41 | €176,925 | €68 | -€176,857 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,481 | €39,134 | +€9,653 | +32.7% |
| Deferred charges and accrued income | 490/1 | €8,636 | €9,719 | +€1,083 | +12.5% |
| Total equity and liabilities | 10/49 | €1,750,458 | €1,992,885 | +€242,427 | +13.8% |
| Equity | 10/15 | €170,717 | €140,358 | -€30,358 | -17.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,283 | -€59,642 | -€30,358 | -104% |
| Amounts payable | 17/49 | €1,579,741 | €1,852,526 | +€272,785 | +17.3% |
| Amounts payable after more than one year | 17 | €120,000 | €40,000 | -€80,000 | -66.7% |
| Other amounts payable | 178/9 | €120,000 | €40,000 | -€80,000 | -66.7% |
| Amounts payable within one year | 42/48 | €1,410,249 | €1,733,708 | +€323,460 | +22.9% |
| Trade debts | 44 | €286,249 | €49,303 | -€236,946 | -82.8% |
| Suppliers | 440/4 | €286,249 | €49,303 | -€236,946 | -82.8% |
| Advances received on contracts in progress | 46 | €125,000 | - | -€125,000 | |
| Taxes, remuneration and social security | 45 | - | €44 | +€44 | |
| Taxes | 450/3 | - | €44 | +€44 | |
| Other amounts payable | 47/48 | €999,000 | €1,684,362 | +€685,362 | +68.6% |
| Accrued charges and deferred income | 492/3 | €49,492 | €78,818 | +€29,325 | +59.3% |
| Other operating charges | 640/8 | €1,294 | €1,335 | +€41 | +3.1% |
| Gross operating margin | 9900 | €7,307 | -€4,244 | -€11,551 | |
| Operating profit (loss) | 9901 | €6,012 | -€5,579 | -€11,591 | |
| Financial income | 75/76B | €4,358 | €5,792 | +€1,434 | +32.9% |
| Recurring financial income | 75 | €4,358 | €5,792 | +€1,434 | +32.9% |
| Financial charges | 65/66B | €19,795 | €30,571 | +€10,776 | +54.4% |
| Recurring financial charges | 65 | €19,795 | €30,571 | +€10,776 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,424 | -€30,358 | -€20,934 | -222% |
| Profit (loss) for the period | 9904 | -€9,424 | -€30,358 | -€20,934 | -222% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,424 | -€30,358 | -€20,934 | -222% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.