KP-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.
KP-IMMO
Largest movements
- Cash +€227,371
up €227,371 (+217.1%), from €104,712 to €332,083
mainly Current investments (+€141,931) and Depreciation (+€73,809)
- Current investments -€141,931
down €141,931 (-31.9%), from €444,793 to €302,861
- Tangible fixed assets -€71,915
down €71,915 (-3.6%), from €2.0m to €1.9m
of which Land and buildings: -€64,467
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€79,791
up €79,791 (+693.8%), from €11,501 to €91,292
of which Non-recurring financial income: +€79,754
- Financial charges +€24,706
up €24,706 (+47.8%), from €51,727 to €76,432
of which Non-recurring financial charges: +€24,239
- Gross operating margin -€11,513
down €11,513 (-11.9%), from €96,368 to €84,855
- Other operating charges -€1,742
down €1,742 (-10.4%), from €16,711 to €14,969
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 | €2,528,748 | €2,540,893 | +€12,145 | +0.5% |
| Fixed assets | 21/28 | €1,974,470 | €1,902,555 | -€71,915 | -3.6% |
| Tangible fixed assets | 22/27 | €1,974,470 | €1,902,555 | -€71,915 | -3.6% |
| Land and buildings | 22 | €1,924,544 | €1,860,078 | -€64,467 | -3.3% |
| Plant, machinery and equipment | 23 | €1,820 | €3,226 | +€1,406 | +77.2% |
| Furniture and vehicles | 24 | €48,105 | €39,250 | -€8,854 | -18.4% |
| Current assets | 29/58 | €554,279 | €638,338 | +€84,060 | +15.2% |
| Amounts receivable within one year | 40/41 | €4,774 | €2,480 | -€2,294 | -48.1% |
| Other amounts receivable | 41 | €4,774 | €2,480 | -€2,294 | -48.1% |
| Current investments | 50/53 | €444,793 | €302,861 | -€141,931 | -31.9% |
| Cash at bank and in hand | 54/58 | €104,712 | €332,083 | +€227,371 | +217.1% |
| Deferred charges and accrued income | 490/1 | €0 | €915 | +€915 | |
| Total equity and liabilities | 10/49 | €2,528,748 | €2,540,893 | +€12,145 | +0.5% |
| Equity | 10/15 | €1,224,382 | €1,235,144 | +€10,762 | +0.9% |
| Contributions | 10/11 | €1,249,500 | €1,249,500 | = | 0.0% |
| Reserves | 13 | €56,936 | €56,936 | = | 0.0% |
| Distributable reserves | 133 | €56,936 | €56,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,055 | -€71,292 | +€10,762 | +13.1% |
| Amounts payable | 17/49 | €1,304,367 | €1,305,749 | +€1,383 | +0.1% |
| Amounts payable after more than one year | 17 | €1,250,000 | €1,250,000 | = | 0.0% |
| Financial debts | 170/4 | €1,250,000 | €1,250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,475 | €20,137 | +€1,662 | +9.0% |
| Trade debts | 44 | €185 | €2,521 | +€2,336 | +1261.3% |
| Suppliers | 440/4 | €185 | €2,521 | +€2,336 | +1261.3% |
| Taxes, remuneration and social security | 45 | €15,263 | €15,263 | = | 0.0% |
| Taxes | 450/3 | €15,263 | €15,263 | = | 0.0% |
| Other amounts payable | 47/48 | €3,027 | €2,353 | -€674 | -22.3% |
| Accrued charges and deferred income | 492/3 | €35,892 | €35,613 | -€279 | -0.8% |
| Non-recurring operating income | 76A | - | €333 | +€333 | |
| Remuneration, social security and pensions | 62 | €123 | €0 | -€123 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,853 | €73,809 | +€956 | +1.3% |
| Other operating charges | 640/8 | €16,711 | €14,969 | -€1,742 | -10.4% |
| Gross operating margin | 9900 | €96,368 | €84,855 | -€11,513 | -11.9% |
| Operating profit (loss) | 9901 | €6,681 | -€3,924 | -€10,605 | |
| Financial income | 75/76B | €11,501 | €91,292 | +€79,791 | +693.8% |
| Recurring financial income | 75 | €11,501 | €11,538 | +€37 | +0.3% |
| Non-recurring financial income | 76B | - | €79,754 | +€79,754 | |
| Financial charges | 65/66B | €51,727 | €76,432 | +€24,706 | +47.8% |
| Recurring financial charges | 65 | €51,727 | €52,194 | +€467 | +0.9% |
| Non-recurring financial charges | 66B | - | €24,239 | +€24,239 | |
| Profit (loss) for the period before taxes | 9903 | -€33,544 | €10,936 | +€44,480 | |
| Income taxes | 67/77 | €185 | €173 | -€12 | -6.4% |
| Profit (loss) for the period | 9904 | -€33,730 | €10,762 | +€44,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,730 | €10,762 | +€44,492 |
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 3 October 2026 via checked.be.