KZP 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.
KZP Immo
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€42,278
up €42,278 (+82.3%), from -€51,362 to -€9,085
- Reserves -€32,245
down €32,245 (-86.6%), from €37,245 to €5,000
of which Tax-exempt reserves: -€32,245
- Provisions -€10,748
no longer reported in 2025 (was €10,748)
- Depreciation -€5,536
no longer reported in 2025 (was €5,536)
- Other operating charges -€4,292
down €4,292 (-87.2%), from €4,924 to €632
- Gross operating margin +€599
no longer reported in 2025 (was -€599)
- Purchases and services -€599
no longer reported in 2025 (was €599)
- Financial charges +€89
up €89, from -€3 to €86
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 | €51,034 | €51,217 | +€183 | +0.4% |
| Fixed assets | 21/28 | €50,445 | €50,445 | = | 0.0% |
| Tangible fixed assets | 22/27 | €50,445 | €50,445 | = | 0.0% |
| Land and buildings | 22 | €50,445 | €50,445 | = | 0.0% |
| Current assets | 29/58 | €589 | €772 | +€183 | +31.2% |
| Amounts receivable within one year | 40/41 | €375 | €375 | = | 0.0% |
| Other amounts receivable | 41 | €375 | €375 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €213 | €397 | +€183 | +86.0% |
| Total equity and liabilities | 10/49 | €51,034 | €51,217 | +€183 | +0.4% |
| Equity | 10/15 | €35,883 | €45,915 | +€10,032 | +28.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €37,245 | €5,000 | -€32,245 | -86.6% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,245 | - | -€32,245 | |
| Profit (loss) carried forward | 14 | -€51,362 | -€9,085 | +€42,278 | +82.3% |
| Provisions and deferred taxes | 16 | €10,748 | - | -€10,748 | |
| Deferred taxes | 168 | €10,748 | - | -€10,748 | |
| Amounts payable | 17/49 | €4,402 | €5,302 | +€900 | +20.4% |
| Amounts payable within one year | 42/48 | €4,402 | €5,302 | +€900 | +20.4% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €4,402 | €4,902 | +€500 | +11.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €599 | - | -€599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,536 | - | -€5,536 | |
| Other operating charges | 640/8 | €4,924 | €632 | -€4,292 | -87.2% |
| Non-recurring operating charges | 66A | €73,445 | - | -€73,445 | |
| Gross operating margin | 9900 | -€599 | - | +€599 | |
| Operating profit (loss) | 9901 | -€84,503 | -€632 | +€83,871 | +99.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | -€3 | €86 | +€89 | |
| Recurring financial charges | 65 | -€3 | €86 | +€89 | |
| Profit (loss) for the period before taxes | 9903 | -€84,500 | -€716 | +€83,783 | +99.2% |
| Transfer from deferred taxes | 780 | €2,687 | €10,748 | +€8,061 | +300% |
| Profit (loss) for the period | 9904 | -€81,812 | €10,032 | +€91,845 | |
| Transfer from tax-exempt reserves | 789 | €8,061 | €32,245 | +€24,184 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,751 | €42,278 | +€116,029 |
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 25 October 2026 via checked.be.