KRSM 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.
KRSM IMMO
Largest movements
- Tangible fixed assets +€219,584
up €219,584 (+34.2%), from €641,796 to €861,380
of which Assets under construction and advance payments: +€201,389
- Cash -€51,656
down €51,656 (-97.4%), from €53,046 to €1,390
mainly Investment in fixed assets (net) (-€219,584) and Net result for the year (-€35,695)
- Receivables within one year +€19,718
up €19,718 (+148.2%), from €13,301 to €33,019
of which Other amounts receivable: +€13,458
- Debts after one year +€219,584
up €219,584 (+34.6%), from €635,439 to €855,023
- Profit (loss) carried forward -€35,695
down €35,695 (-114.7%), from -€31,125 to -€66,820
- Financial charges +€26,733
up €26,733 (+456.9%), from €5,851 to €32,583
- Other operating charges -€12,708
no longer reported in 2025 (was €12,708)
- Gross operating margin +€7,713
up €7,713 (+71.3%), from -€10,825 to -€3,112
- Depreciation -€1,742
no longer reported in 2025 (was €1,742)
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 | €708,143 | €895,790 | +€187,646 | +26.5% |
| Fixed assets | 21/28 | €641,796 | €861,380 | +€219,584 | +34.2% |
| Tangible fixed assets | 22/27 | €641,796 | €861,380 | +€219,584 | +34.2% |
| Land and buildings | 22 | €362,373 | €380,568 | +€18,195 | +5.0% |
| Assets under construction and advance payments | 27 | €279,423 | €480,812 | +€201,389 | +72.1% |
| Current assets | 29/58 | €66,347 | €34,409 | -€31,938 | -48.1% |
| Amounts receivable within one year | 40/41 | €13,301 | €33,019 | +€19,718 | +148.2% |
| Trade receivables | 40 | - | €6,260 | +€6,260 | |
| Other amounts receivable | 41 | €13,301 | €26,759 | +€13,458 | +101.2% |
| Cash at bank and in hand | 54/58 | €53,046 | €1,390 | -€51,656 | -97.4% |
| Total equity and liabilities | 10/49 | €708,143 | €895,790 | +€187,646 | +26.5% |
| Equity | 10/15 | €18,875 | -€16,820 | -€35,695 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,125 | -€66,820 | -€35,695 | -114.7% |
| Amounts payable | 17/49 | €689,268 | €912,610 | +€223,341 | +32.4% |
| Amounts payable after more than one year | 17 | €635,439 | €855,023 | +€219,584 | +34.6% |
| Financial debts | 170/4 | €635,439 | €855,023 | +€219,584 | +34.6% |
| Amounts payable within one year | 42/48 | €53,830 | €57,587 | +€3,757 | +7.0% |
| Other amounts payable | 47/48 | €53,830 | €57,587 | +€3,757 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,742 | - | -€1,742 | |
| Other operating charges | 640/8 | €12,708 | - | -€12,708 | |
| Gross operating margin | 9900 | -€10,825 | -€3,112 | +€7,713 | +71.3% |
| Operating profit (loss) | 9901 | -€25,274 | -€3,112 | +€22,163 | +87.7% |
| Financial charges | 65/66B | €5,851 | €32,583 | +€26,733 | +456.9% |
| Recurring financial charges | 65 | €5,851 | €32,583 | +€26,733 | +456.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,125 | -€35,695 | -€4,570 | -14.7% |
| Profit (loss) for the period | 9904 | -€31,125 | -€35,695 | -€4,570 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,125 | -€35,695 | -€4,570 | -14.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.