KL.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.
KL.IMMO
Largest movements
- Stocks and contracts +€94,764
up €94,764 (+98.8%), from €95,898 to €190,662
of which Stocks: +€105,014
- Tangible fixed assets -€42,860
down €42,860 (-4.6%), from €932,856 to €889,996
of which Furniture and vehicles: -€36,248
- Receivables within one year +€34,190
up €34,190 (+111.2%), from €30,741 to €64,931
- Other debts +€152,641
up €152,641 (+92.3%), from €165,366 to €318,007
- Debts after one year -€77,592
down €77,592 (-11.7%), from €664,073 to €586,481
- Profit (loss) carried forward -€44,462
down €44,462 (-32.8%), from €135,567 to €91,106
- Short-term financial debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€19,763
up €19,763 (+648.8%), from €3,046 to €22,809
- Depreciation -€68,253
down €68,253 (-48.0%), from €142,203 to €73,950
- Gross operating margin -€62,528
down €62,528 (-52.0%), from €120,177 to €57,649
- Financial charges -€2,037
down €2,037 (-7.0%), from €29,056 to €27,019
of which Financial charges: -€3,943
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 | €1,086,050 | €1,180,270 | +€94,220 | +8.7% |
| Fixed assets | 21/28 | €932,856 | €889,996 | -€42,860 | -4.6% |
| Tangible fixed assets | 22/27 | €932,856 | €889,996 | -€42,860 | -4.6% |
| Land and buildings | 22 | €848,862 | €851,226 | +€2,365 | +0.3% |
| Plant, machinery and equipment | 23 | €11,539 | €2,561 | -€8,977 | -77.8% |
| Furniture and vehicles | 24 | €72,456 | €36,208 | -€36,248 | -50.0% |
| Current assets | 29/58 | €153,194 | €290,274 | +€137,080 | +89.5% |
| Stocks and contracts in progress | 3 | €95,898 | €190,662 | +€94,764 | +98.8% |
| Stocks | 30/36 | €85,648 | €190,662 | +€105,014 | +122.6% |
| Contracts in progress | 37 | €10,250 | - | -€10,250 | |
| Amounts receivable within one year | 40/41 | €30,741 | €64,931 | +€34,190 | +111.2% |
| Trade receivables | 40 | €30,741 | €64,931 | +€34,190 | +111.2% |
| Cash at bank and in hand | 54/58 | €21,948 | €29,106 | +€7,158 | +32.6% |
| Deferred charges and accrued income | 490/1 | €4,607 | €5,574 | +€968 | +21.0% |
| Total equity and liabilities | 10/49 | €1,086,050 | €1,180,270 | +€94,220 | +8.7% |
| Equity | 10/15 | €159,567 | €115,106 | -€44,462 | -27.9% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,567 | €91,106 | -€44,462 | -32.8% |
| Amounts payable | 17/49 | €926,483 | €1,065,164 | +€138,682 | +15.0% |
| Amounts payable after more than one year | 17 | €664,073 | €586,481 | -€77,592 | -11.7% |
| Financial debts | 170/4 | €664,073 | €586,481 | -€77,592 | -11.7% |
| Amounts payable within one year | 42/48 | €262,410 | €478,683 | +€216,273 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €75,922 | €78,447 | +€2,526 | +3.3% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €18,076 | €34,420 | +€16,344 | +90.4% |
| Suppliers | 440/4 | €18,076 | €34,420 | +€16,344 | +90.4% |
| Taxes, remuneration and social security | 45 | €3,046 | €22,809 | +€19,763 | +648.8% |
| Taxes | 450/3 | €3,046 | €22,809 | +€19,763 | +648.8% |
| Other amounts payable | 47/48 | €165,366 | €318,007 | +€152,641 | +92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,203 | €73,950 | -€68,253 | -48.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €327 | €96 | -€231 | -70.7% |
| Other operating charges | 640/8 | €862 | €1,915 | +€1,053 | +122.1% |
| Gross operating margin | 9900 | €120,177 | €57,649 | -€62,528 | -52.0% |
| Operating profit (loss) | 9901 | -€23,216 | -€18,312 | +€4,904 | +21.1% |
| Financial income | 75/76B | €68 | €869 | +€801 | +1175.2% |
| Recurring financial income | 75 | €68 | €869 | +€801 | +1175.2% |
| Financial charges | 65/66B | €29,056 | €27,019 | -€2,037 | -7.0% |
| Recurring financial charges | 65 | €29,056 | €25,113 | -€3,943 | -13.6% |
| Non-recurring financial charges | 66B | - | €1,905 | +€1,905 | |
| Profit (loss) for the period before taxes | 9903 | -€52,204 | -€44,462 | +€7,742 | +14.8% |
| Profit (loss) for the period | 9904 | -€52,204 | -€44,462 | +€7,742 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,204 | -€44,462 | +€7,742 | +14.8% |
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 4 October 2026 via checked.be.