KRP: 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.
What changed
KRP
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€36,273
2023 · -€23,338-€12,936
Equity
€240,071
2023 · €276,344-€36,273
Cash
€7,929
2023 · €3,118+€4,811
Balance sheet total
€1.2m
2023 · €1.1m+€79,119
Largest movements
Assets
- Tangible fixed assets +€72,318
up €72,318 (+6.5%), from €1.1m to €1.2m
of which Land and buildings: +€77,378
Equity and liabilities
- Other debts +€200,132
up €200,132 (+46.7%), from €428,862 to €628,994
- Current portion of long-term debt -€45,666
down €45,666 (-63.2%), from €72,223 to €26,557
- Profit (loss) carried forward -€26,667
down €26,667 (-129.8%), from -€20,551 to -€47,218
- Debts after one year -€26,018
down €26,018 (-13.7%), from €190,602 to €164,584
of which Financial debts: -€26,018
Income statement
- Gross operating margin -€27,189
down €27,189 (-47.3%), from €57,487 to €30,298
- Other operating charges -€25,391
down €25,391 (-76.2%), from €33,316 to €7,925
- Financial charges -€2,810
down €2,810 (-33.4%), from €8,420 to €5,610
- Depreciation -€2,429
down €2,429 (-5.6%), from €43,711 to €41,282
From the 2023 result to the 2024 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.
Result 2023
-€23,338
Gross operating margin
-€27,189
Depreciation
+€2,429
Other operating charges
+€25,391
Other operating items
-€16,701
Financial income
+€0
Financial charges
+€2,810
Taxes
+€324
Result 2024
-€36,273
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€190,096
Investment
-€113,600
Financing
-€71,684
Cash 2023
€3,118
From operations (derived)
+€190,096
Net result for the year
-€36,273
Depreciation
+€41,282
Smaller working-capital items
-€122
Deferred charges and accrued income
-€2,078
Provisions
-€4,947
Trade debts
-€7,898
Other debts
+€200,132
Investment (derived)
-€113,600
Investment in fixed assets (net)
-€113,600
Current investments
+€0
Financing
-€71,684
Debts after one year
-€26,018
Current portion of long-term debt
-€45,666
Cash 2024
€7,929
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,140,795 | €1,219,914 | +€79,119 | +6.9% |
| Fixed assets | 21/28 | €1,122,624 | €1,194,943 | +€72,318 | +6.4% |
| Tangible fixed assets | 22/27 | €1,108,748 | €1,181,067 | +€72,318 | +6.5% |
| Land and buildings | 22 | €1,101,335 | €1,178,713 | +€77,378 | +7.0% |
| Plant, machinery and equipment | 23 | €348 | €239 | -€109 | -31.3% |
| Furniture and vehicles | 24 | €7,066 | €2,115 | -€4,951 | -70.1% |
| Financial fixed assets | 28 | €13,876 | €13,876 | = | 0.0% |
| Current assets | 29/58 | €18,171 | €24,971 | +€6,800 | +37.4% |
| Amounts receivable within one year | 40/41 | €15,053 | €14,964 | -€89 | -0.6% |
| Trade receivables | 40 | €5,688 | €10,288 | +€4,600 | +80.9% |
| Other amounts receivable | 41 | €9,364 | €4,676 | -€4,689 | -50.1% |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €3,118 | €7,929 | +€4,811 | +154.3% |
| Deferred charges and accrued income | 490/1 | - | €2,078 | +€2,078 | |
| Total equity and liabilities | 10/49 | €1,140,795 | €1,219,914 | +€79,119 | +6.9% |
| Equity | 10/15 | €276,344 | €240,071 | -€36,273 | -13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €290,695 | €281,089 | -€9,606 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €234,503 | €224,896 | -€9,606 | -4.1% |
| Distributable reserves | 133 | €54,333 | €54,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,551 | -€47,218 | -€26,667 | -129.8% |
| Provisions and deferred taxes | 16 | €120,751 | €115,804 | -€4,947 | -4.1% |
| Deferred taxes | 168 | €120,751 | €115,804 | -€4,947 | -4.1% |
| Amounts payable | 17/49 | €743,700 | €864,039 | +€120,339 | +16.2% |
| Amounts payable after more than one year | 17 | €190,602 | €164,584 | -€26,018 | -13.7% |
| Financial debts | 170/4 | €181,452 | €155,434 | -€26,018 | -14.3% |
| Other amounts payable | 178/9 | €9,150 | €9,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €553,098 | €699,455 | +€146,357 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €72,223 | €26,557 | -€45,666 | -63.2% |
| Trade debts | 44 | €51,802 | €43,904 | -€7,898 | -15.2% |
| Suppliers | 440/4 | €51,802 | €43,904 | -€7,898 | -15.2% |
| Taxes, remuneration and social security | 45 | €211 | - | -€211 | |
| Taxes | 450/3 | €211 | - | -€211 | |
| Other amounts payable | 47/48 | €428,862 | €628,994 | +€200,132 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,711 | €41,282 | -€2,429 | -5.6% |
| Other operating charges | 640/8 | €33,316 | €7,925 | -€25,391 | -76.2% |
| Non-recurring operating charges | 66A | - | €16,701 | +€16,701 | |
| Gross operating margin | 9900 | €57,487 | €30,298 | -€27,189 | -47.3% |
| Operating profit (loss) | 9901 | -€19,540 | -€35,610 | -€16,070 | -82.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,420 | €5,610 | -€2,810 | -33.4% |
| Recurring financial charges | 65 | €8,420 | €5,610 | -€2,810 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,960 | -€41,220 | -€13,260 | -47.4% |
| Transfer from deferred taxes | 780 | €4,947 | €4,947 | = | 0.0% |
| Income taxes | 67/77 | €324 | - | -€324 | |
| Profit (loss) for the period | 9904 | -€23,338 | -€36,273 | -€12,936 | -55.4% |
| Transfer from tax-exempt reserves | 789 | €9,606 | €9,606 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,731 | -€26,667 | -€12,936 | -94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.