KL REAL ESTATE: 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.
KL REAL ESTATE
Largest movements
- Tangible fixed assets -€12,071
down €12,071 (-3.5%), from €346,527 to €334,456
of which Land and buildings: -€14,771
- Debts after one year -€13,362
down €13,362 (-4.4%), from €306,932 to €293,570
of which Financial debts: -€11,812
- Gross operating margin +€2,167
up €2,167 (+8.5%), from €25,477 to €27,644
- Financial charges +€980
up €980 (+13.4%), from €7,310 to €8,290
- Depreciation +€575
up €575 (+3.8%), from €14,995 to €15,570
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 | €353,544 | €345,222 | -€8,322 | -2.4% |
| Fixed assets | 21/28 | €346,527 | €334,456 | -€12,071 | -3.5% |
| Tangible fixed assets | 22/27 | €346,527 | €334,456 | -€12,071 | -3.5% |
| Land and buildings | 22 | €345,441 | €330,670 | -€14,771 | -4.3% |
| Furniture and vehicles | 24 | €1,086 | €3,787 | +€2,700 | +249% |
| Current assets | 29/58 | €7,017 | €10,766 | +€3,749 | +53.4% |
| Amounts receivable within one year | 40/41 | €207 | €1,051 | +€844 | +407% |
| Other amounts receivable | 41 | €207 | €1,051 | +€844 | +407% |
| Cash at bank and in hand | 54/58 | €4,776 | €6,933 | +€2,157 | +45.2% |
| Deferred charges and accrued income | 490/1 | €2,034 | €2,782 | +€748 | +36.8% |
| Total equity and liabilities | 10/49 | €353,544 | €345,222 | -€8,322 | -2.4% |
| Equity | 10/15 | €9,882 | €10,311 | +€430 | +4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118 | €311 | +€430 | |
| Amounts payable | 17/49 | €343,662 | €334,911 | -€8,752 | -2.5% |
| Amounts payable after more than one year | 17 | €306,932 | €293,570 | -€13,362 | -4.4% |
| Financial debts | 170/4 | €305,382 | €293,570 | -€11,812 | -3.9% |
| Other amounts payable | 178/9 | €1,550 | - | -€1,550 | |
| Amounts payable within one year | 42/48 | €36,730 | €40,540 | +€3,810 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €18,471 | €18,812 | +€341 | +1.8% |
| Taxes, remuneration and social security | 45 | €303 | €2,248 | +€1,945 | +642% |
| Taxes | 450/3 | €303 | €2,248 | +€1,945 | +642% |
| Other amounts payable | 47/48 | €17,956 | €19,481 | +€1,524 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,995 | €15,570 | +€575 | +3.8% |
| Other operating charges | 640/8 | €3,157 | €3,154 | -€2 | -0.1% |
| Gross operating margin | 9900 | €25,477 | €27,644 | +€2,167 | +8.5% |
| Operating profit (loss) | 9901 | €7,326 | €8,920 | +€1,594 | +21.8% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €7,310 | €8,290 | +€980 | +13.4% |
| Recurring financial charges | 65 | €7,310 | €8,290 | +€980 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €41 | €630 | +€589 | +1,451% |
| Income taxes | 67/77 | - | €200 | +€200 | |
| Profit (loss) for the period | 9904 | €41 | €430 | +€389 | +959% |
| Profit (loss) for the period to be appropriated | 9905 | €41 | €430 | +€389 | +959% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.