KOWLOON PROPERTIES: 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.
KOWLOON PROPERTIES
Largest movements
- Cash -€106,595
down €106,595 (-62.1%), from €171,781 to €65,186
mainly Investment in fixed assets (net) (-€88,774) and Deferred charges and accrued income (-€14,413)
- Tangible fixed assets +€77,349
up €77,349 (+43.7%), from €177,036 to €254,385
of which Plant, machinery and equipment: +€82,010
- Deferred charges and accrued income +€14,413
up €14,413 (+1102.4%), from €1,307 to €15,720
- Profit (loss) carried forward -€12,066
down €12,066 (-219.4%), from -€5,499 to -€17,565
- Gross operating margin -€8,532
down €8,532 (-73.3%), from €11,637 to €3,105
- Depreciation +€6,764
up €6,764 (+145.1%), from €4,661 to €11,425
- Other operating charges +€268
up €268 (+8.0%), from €3,325 to €3,592
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 | €350,538 | €335,705 | -€14,833 | -4.2% |
| Fixed assets | 21/28 | €177,449 | €254,798 | +€77,349 | +43.6% |
| Tangible fixed assets | 22/27 | €177,036 | €254,385 | +€77,349 | +43.7% |
| Land and buildings | 22 | €177,036 | €172,376 | -€4,661 | -2.6% |
| Plant, machinery and equipment | 23 | - | €82,010 | +€82,010 | |
| Financial fixed assets | 28 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €173,089 | €80,907 | -€92,182 | -53.3% |
| Cash at bank and in hand | 54/58 | €171,781 | €65,186 | -€106,595 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,307 | €15,720 | +€14,413 | +1102.4% |
| Total equity and liabilities | 10/49 | €350,538 | €335,705 | -€14,833 | -4.2% |
| Equity | 10/15 | €75,586 | €63,520 | -€12,066 | -16.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €50,099 | €50,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,499 | -€17,565 | -€12,066 | -219.4% |
| Amounts payable | 17/49 | €274,951 | €272,184 | -€2,767 | -1.0% |
| Amounts payable within one year | 42/48 | €145,492 | €143,225 | -€2,267 | -1.6% |
| Trade debts | 44 | €3,969 | €1,278 | -€2,691 | -67.8% |
| Suppliers | 440/4 | €3,969 | €1,278 | -€2,691 | -67.8% |
| Other amounts payable | 47/48 | €141,523 | €141,947 | +€424 | +0.3% |
| Accrued charges and deferred income | 492/3 | €129,459 | €128,959 | -€500 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,661 | €11,425 | +€6,764 | +145.1% |
| Other operating charges | 640/8 | €3,325 | €3,592 | +€268 | +8.0% |
| Gross operating margin | 9900 | €11,637 | €3,105 | -€8,532 | -73.3% |
| Operating profit (loss) | 9901 | €3,652 | -€11,913 | -€15,564 | |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €3,500 | -€12,066 | -€15,566 | |
| Profit (loss) for the period | 9904 | €3,500 | -€12,066 | -€15,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,500 | -€12,066 | -€15,566 |
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.