KIMO INVEST: 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.
KIMO INVEST
Largest movements
- Tangible fixed assets -€123,689
down €123,689 (-8.0%), from €1.5m to €1.4m
of which Assets under construction and advance payments: -€333,442
- Cash +€93,347
up €93,347 (+739%), from €12,635 to €105,982
mainly Net result for the year (+€126,296) and Short-term financial debts (+€118,668)
- Short-term financial debts +€118,668
new in 2025: €118,668
- Debts after one year -€92,521
down €92,521 (-14.8%), from €626,537 to €534,016
of which Financial debts: -€89,843
- Current portion of long-term debt -€65,790
down €65,790 (-41.1%), from €160,225 to €94,435
- Tax, wage and social debts +€27,602
up €27,602 (+160%), from €17,264 to €44,866
- Trade debts -€20,907
down €20,907 (-82.1%), from €25,456 to €4,549
- Gross operating margin +€206,139
up €206,139 (+151%), from €136,373 to €342,511
- Taxes +€61,822
up €61,822 (+511%), from €12,107 to €73,929
- Staff costs -€17,334
down €17,334, from €17,299 to -€34
- Depreciation +€6,323
up €6,323 (+6.2%), from €102,755 to €109,078
- Other operating charges +€4,671
up €4,671 (+28.7%), from €16,286 to €20,958
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
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 | €1,563,573 | €1,537,262 | -€26,310 | -1.7% |
| Fixed assets | 21/28 | €1,547,230 | €1,423,541 | -€123,689 | -8.0% |
| Tangible fixed assets | 22/27 | €1,547,047 | €1,423,358 | -€123,689 | -8.0% |
| Land and buildings | 22 | €1,175,469 | €1,348,009 | +€172,540 | +14.7% |
| Furniture and vehicles | 24 | €38,137 | €75,349 | +€37,212 | +97.6% |
| Assets under construction and advance payments | 27 | €333,442 | - | -€333,442 | |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €16,342 | €113,721 | +€97,379 | +596% |
| Amounts receivable within one year | 40/41 | €4 | €2,129 | +€2,125 | +50,121% |
| Trade receivables | 40 | €4 | €2,129 | +€2,125 | +50,121% |
| Current investments | 50/53 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | €12,635 | €105,982 | +€93,347 | +739% |
| Deferred charges and accrued income | 490/1 | €3,603 | €5,610 | +€2,007 | +55.7% |
| Total equity and liabilities | 10/49 | €1,563,573 | €1,537,262 | -€26,310 | -1.7% |
| Equity | 10/15 | €585,722 | €598,382 | +€12,660 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €549,284 | €560,898 | +€11,614 | +2.1% |
| Tax-exempt reserves | 132 | €361,167 | €320,054 | -€41,113 | -11.4% |
| Distributable reserves | 133 | €188,117 | €240,844 | +€52,727 | +28.0% |
| Profit (loss) carried forward | 14 | €17,838 | €18,884 | +€1,046 | +5.9% |
| Provisions and deferred taxes | 16 | €124,165 | €110,460 | -€13,704 | -11.0% |
| Deferred taxes | 168 | €124,165 | €110,460 | -€13,704 | -11.0% |
| Amounts payable | 17/49 | €853,686 | €828,420 | -€25,266 | -3.0% |
| Amounts payable after more than one year | 17 | €626,537 | €534,016 | -€92,521 | -14.8% |
| Financial debts | 170/4 | €600,529 | €510,686 | -€89,843 | -15.0% |
| Other amounts payable | 178/9 | €26,008 | €23,330 | -€2,678 | -10.3% |
| Amounts payable within one year | 42/48 | €221,685 | €290,853 | +€69,167 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €160,225 | €94,435 | -€65,790 | -41.1% |
| Financial debts | 43 | - | €118,668 | +€118,668 | |
| Other loans | 439 | - | €118,668 | +€118,668 | |
| Trade debts | 44 | €25,456 | €4,549 | -€20,907 | -82.1% |
| Suppliers | 440/4 | €25,456 | €4,549 | -€20,907 | -82.1% |
| Taxes, remuneration and social security | 45 | €17,264 | €44,866 | +€27,602 | +160% |
| Taxes | 450/3 | €17,264 | €44,866 | +€27,602 | +160% |
| Other amounts payable | 47/48 | €18,740 | €28,334 | +€9,594 | +51.2% |
| Accrued charges and deferred income | 492/3 | €5,463 | €3,551 | -€1,912 | -35.0% |
| Non-recurring operating income | 76A | - | €218,837 | +€218,837 | |
| Remuneration, social security and pensions | 62 | €17,299 | -€34 | -€17,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,755 | €109,078 | +€6,323 | +6.2% |
| Other operating charges | 640/8 | €16,286 | €20,958 | +€4,671 | +28.7% |
| Gross operating margin | 9900 | €136,373 | €342,511 | +€206,139 | +151% |
| Operating profit (loss) | 9901 | €32 | €212,510 | +€212,478 | +669,645% |
| Financial income | 75/76B | €1 | €940 | +€940 | +151,537% |
| Recurring financial income | 75 | €1 | €940 | +€940 | +151,537% |
| Financial charges | 65/66B | €23,113 | €26,929 | +€3,817 | +16.5% |
| Recurring financial charges | 65 | €23,113 | €26,929 | +€3,817 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,080 | €186,521 | +€209,601 | |
| Transfer from deferred taxes | 780 | €11,326 | €13,704 | +€2,378 | +21.0% |
| Income taxes | 67/77 | €12,107 | €73,929 | +€61,822 | +511% |
| Profit (loss) for the period | 9904 | -€23,861 | €126,296 | +€150,158 | |
| Transfer from tax-exempt reserves | 789 | €45,306 | €41,113 | -€4,192 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,445 | €167,410 | +€145,965 | +681% |
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 30 October 2026 via checked.be.