KUN - IMMO: 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.
KUN - IMMO
Largest movements
- Cash +€132,046
up €132,046 (+2,033%), from €6,496 to €138,542
mainly Current investments (+€100,000) and Depreciation (+€21,721)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€21,721
down €21,721 (-7.4%), from €294,045 to €272,325
of which Land and buildings: -€19,389
- Receivables after one year -€17,771
down €17,771 (-1.6%), from €1.1m to €1.1m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€27,606
up €27,606 (+61.3%), from -€45,056 to -€17,450
- Financial income +€2,660
up €2,660 (+4.9%), from €54,077 to €56,737
- Taxes +€670
up €670, from -€670 to €0
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 | €1,732,978 | €1,729,383 | -€3,596 | -0.2% |
| Fixed assets | 21/28 | €327,045 | €305,325 | -€21,721 | -6.6% |
| Tangible fixed assets | 22/27 | €294,045 | €272,325 | -€21,721 | -7.4% |
| Land and buildings | 22 | €273,406 | €254,017 | -€19,389 | -7.1% |
| Plant, machinery and equipment | 23 | €20,640 | €18,308 | -€2,332 | -11.3% |
| Financial fixed assets | 28 | €33,000 | €33,000 | = | 0.0% |
| Current assets | 29/58 | €1,405,933 | €1,424,058 | +€18,125 | +1.3% |
| Amounts receivable after more than one year | 29 | €1,142,210 | €1,124,439 | -€17,771 | -1.6% |
| Other amounts receivable | 291 | €1,142,210 | €1,124,439 | -€17,771 | -1.6% |
| Stocks and contracts in progress | 3 | €153,235 | €153,235 | = | 0.0% |
| Stocks | 30/36 | €153,235 | €153,235 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €2,517 | +€2,517 | |
| Trade receivables | 40 | €0 | €358 | +€358 | |
| Other amounts receivable | 41 | €0 | €2,159 | +€2,159 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €6,496 | €138,542 | +€132,046 | +2,033% |
| Deferred charges and accrued income | 490/1 | €3,991 | €5,325 | +€1,334 | +33.4% |
| Total equity and liabilities | 10/49 | €1,732,978 | €1,729,383 | -€3,596 | -0.2% |
| Equity | 10/15 | €1,626,426 | €1,636,331 | +€9,904 | +0.6% |
| Contributions | 10/11 | €967,000 | €967,000 | = | 0.0% |
| Capital | 10 | €967,000 | €967,000 | = | 0.0% |
| Issued capital | 100 | €967,000 | €967,000 | = | 0.0% |
| Reserves | 13 | €659,426 | €669,331 | +€9,904 | +1.5% |
| Non-distributable reserves | 130/1 | €96,700 | €96,700 | = | 0.0% |
| Legal reserve | 130 | €96,700 | €96,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,966 | €3,966 | = | 0.0% |
| Distributable reserves | 133 | €558,760 | €568,664 | +€9,904 | +1.8% |
| Amounts payable | 17/49 | €106,552 | €93,052 | -€13,500 | -12.7% |
| Amounts payable after more than one year | 17 | €13,032 | €11,630 | -€1,402 | -10.8% |
| Other amounts payable | 178/9 | €13,032 | €11,630 | -€1,402 | -10.8% |
| Amounts payable within one year | 42/48 | €93,521 | €81,422 | -€12,098 | -12.9% |
| Trade debts | 44 | €93,179 | €81,422 | -€11,757 | -12.6% |
| Suppliers | 440/4 | €93,179 | €81,422 | -€11,757 | -12.6% |
| Taxes, remuneration and social security | 45 | €341 | €0 | -€341 | -100% |
| Taxes | 450/3 | €341 | €0 | -€341 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,357 | €21,721 | +€363 | +1.7% |
| Other operating charges | 640/8 | €7,226 | €7,506 | +€281 | +3.9% |
| Gross operating margin | 9900 | -€45,056 | -€17,450 | +€27,606 | +61.3% |
| Operating profit (loss) | 9901 | -€73,639 | -€46,677 | +€26,962 | +36.6% |
| Financial income | 75/76B | €54,077 | €56,737 | +€2,660 | +4.9% |
| Recurring financial income | 75 | €54,077 | €56,737 | +€2,660 | +4.9% |
| Financial charges | 65/66B | €126 | €156 | +€30 | +24.0% |
| Recurring financial charges | 65 | €126 | €156 | +€30 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,688 | €9,904 | +€29,592 | |
| Income taxes | 67/77 | -€670 | €0 | +€670 | |
| Profit (loss) for the period | 9904 | -€19,018 | €9,904 | +€28,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,018 | €9,904 | +€28,922 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.