KWADRANT 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.
KWADRANT IMMO
Largest movements
- Tangible fixed assets -€66,092
down €66,092 (-7.7%), from €860,782 to €794,690
- Cash +€31,883
up €31,883 (+21.5%), from €147,965 to €179,848
mainly Net result for the year (+€84,195) and Depreciation (+€66,092)
- Debts after one year -€79,854
down €79,854 (-15.7%), from €507,078 to €427,224
- Reserves +€40,455
up €40,455 (+12.0%), from €338,416 to €378,871
of which Distributable reserves: +€40,455
- Gross operating margin +€5,284
up €5,284 (+2.6%), from €200,390 to €205,674
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 | €1,009,067 | €974,858 | -€34,209 | -3.4% |
| Fixed assets | 21/28 | €861,102 | €795,010 | -€66,092 | -7.7% |
| Tangible fixed assets | 22/27 | €860,782 | €794,690 | -€66,092 | -7.7% |
| Land and buildings | 22 | €860,782 | €794,690 | -€66,092 | -7.7% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €147,965 | €179,848 | +€31,883 | +21.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €147,965 | €179,848 | +€31,883 | +21.5% |
| Total equity and liabilities | 10/49 | €1,009,067 | €974,858 | -€34,209 | -3.4% |
| Equity | 10/15 | €357,016 | €397,471 | +€40,455 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €338,416 | €378,871 | +€40,455 | +12.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,624 | €6,624 | = | 0.0% |
| Distributable reserves | 133 | €331,792 | €372,247 | +€40,455 | +12.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €652,051 | €577,388 | -€74,663 | -11.5% |
| Amounts payable after more than one year | 17 | €507,078 | €427,224 | -€79,854 | -15.7% |
| Financial debts | 170/4 | €507,078 | €427,224 | -€79,854 | -15.7% |
| Amounts payable within one year | 42/48 | €144,972 | €150,163 | +€5,191 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €78,514 | €79,854 | +€1,340 | +1.7% |
| Trade debts | 44 | €1,238 | €1,966 | +€728 | +58.7% |
| Suppliers | 440/4 | €1,238 | €1,966 | +€728 | +58.7% |
| Taxes, remuneration and social security | 45 | €11,453 | €12,147 | +€694 | +6.1% |
| Taxes | 450/3 | €11,453 | €12,147 | +€694 | +6.1% |
| Other amounts payable | 47/48 | €53,766 | €56,196 | +€2,430 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,092 | €66,092 | = | 0.0% |
| Other operating charges | 640/8 | €13,282 | €13,669 | +€388 | +2.9% |
| Gross operating margin | 9900 | €200,390 | €205,674 | +€5,284 | +2.6% |
| Operating profit (loss) | 9901 | €121,016 | €125,913 | +€4,896 | +4.0% |
| Financial income | 75/76B | €424 | €1,005 | +€582 | +137% |
| Recurring financial income | 75 | €424 | €1,005 | +€582 | +137% |
| Financial charges | 65/66B | €10,619 | €9,228 | -€1,391 | -13.1% |
| Recurring financial charges | 65 | €10,619 | €9,228 | -€1,391 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €110,821 | €117,690 | +€6,869 | +6.2% |
| Income taxes | 67/77 | €31,580 | €33,495 | +€1,915 | +6.1% |
| Profit (loss) for the period | 9904 | €79,241 | €84,195 | +€4,954 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,241 | €84,195 | +€4,954 | +6.3% |
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 19 October 2026 via checked.be.