{"id":2144,"date":"2026-04-20T22:11:12","date_gmt":"2026-04-20T19:11:12","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2144"},"modified":"2026-04-20T23:41:30","modified_gmt":"2026-04-20T20:41:30","slug":"klsyn-2026-03-bilano-analizi-koleksiyon-mobilya","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2144","title":{"rendered":"\ud83d\udd34 Koleksiyon Mobilya 2026 1. \u00c7eyrek Finansal Sonu\u00e7lar\u0131: K\u00e2rda Dev S\u0131\u00e7rama!"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34 Koleksiyon Mobilya 2026 1. \u00c7eyrek Finansal Sonu\u00e7lar\u0131: K\u00e2rda Dev S\u0131\u00e7rama!\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/kxUn1xNqfOI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>\ud83d\udd34 KLSYN 2026-03 Bilan\u00e7o Analizi | Koleksiyon Mobilya<\/h2>\n<pre>Net D\u00f6nem K\u00e2r\u0131nda Art\u0131\u015f: \u015eirketin 2025 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde 13.497.928 TL olan net d\u00f6nem k\u00e2r\u0131, 2026 y\u0131l\u0131n\u0131n ayn\u0131 d\u00f6neminde 30.120.129 TL\u2019ye y\u00fckselmi\u015ftir\r\n.\r\nHas\u0131lat Durumu: 2026 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda toplam has\u0131lat 511.259.474 TL olarak ger\u00e7ekle\u015fmi\u015ftir; bu rakam bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6neminde 617.933.269 TL seviyesindeydi\r\n.\r\nVarl\u0131k Yap\u0131s\u0131: \u015eirketin toplam varl\u0131klar\u0131 31 Mart 2026 itibar\u0131yla 6.031.189.091 TL'ye ula\u015fm\u0131\u015ft\u0131r\r\n. Bu varl\u0131klar\u0131n 1.340.315.270 TL'si d\u00f6nen varl\u0131klardan, 4.690.873.821 TL'si ise duran varl\u0131klardan olu\u015fmaktad\u0131r\r\n.\r\n\u00d6zkaynak G\u00fcc\u00fc: \u015eirketin toplam \u00f6zkaynaklar\u0131 3.803.390.886 TL seviyesindedir\r\n.\r\nGayrimenkul Yat\u0131r\u0131mlar\u0131: \u015eirketin Sar\u0131yer\u2019de bulunan ve ye\u015fil alan vasf\u0131ndaki arazisini de i\u00e7eren yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkullerinin de\u011feri 1.184.841.236 TL olarak raporlanm\u0131\u015ft\u0131r\r\n.\r\nPay Ba\u015f\u0131na Kazan\u00e7: 2026'n\u0131n ilk \u00e7eyre\u011finde pay ba\u015f\u0131na kazan\u00e7 0,0698 TL olarak hesaplanm\u0131\u015ft\u0131r (2025 ilk \u00e7eyrek: 0,0313 TL)\r\n.\r\nEnflasyon Muhasebesi Uygulamas\u0131: Finansal tablolar, TMS 29 \"Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama\" standard\u0131 uyar\u0131nca 31 Mart 2026 tarihli sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilerek sunulmu\u015ftur\r\n.<\/pre>\n<h1>Koleksiyon Mobilya Sanayi A.\u015e. 2026 Birinci \u00c7eyrek Finansal Brifingi<\/h1>\n<p>Bu belge, Koleksiyon Mobilya Sanayi Anonim \u015eirketi\u2019nin (Grup) 1 Ocak &#8211; 31 Mart 2026 ara hesap d\u00f6nemine ait \u00f6zet konsolide finansal tablolar\u0131n\u0131n ve a\u00e7\u0131klay\u0131c\u0131 dipnotlar\u0131n\u0131n kapsaml\u0131 bir analizini sunmaktad\u0131r. T\u00fcm tutarlar, aksi belirtilmedik\u00e7e, 31 Mart 2026 tarihindeki sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re T\u00fcrk Liras\u0131 (TL) cinsinden ifade edilmi\u015ftir.<\/p>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde Koleksiyon Mobilya, y\u00fcksek enflasyonlu ekonomi ko\u015fullar\u0131nda (TMS 29) finansal s\u00fcrd\u00fcr\u00fclebilirli\u011fini korumaya odaklanm\u0131\u015ft\u0131r. Grubun net d\u00f6nem k\u00e2r\u0131, \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %123 art\u0131\u015f g\u00f6stererek <b>30.120.129 TL<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir. Bu k\u00e2r art\u0131\u015f\u0131nda, sat\u0131\u015f maliyetlerindeki etkin d\u00fc\u015f\u00fc\u015f ve 33,7 milyon TL tutar\u0131ndaki net parasal pozisyon kazan\u00e7lar\u0131 belirleyici olmu\u015ftur.<\/p>\n<p>Toplam varl\u0131klar 6 milyar TL baraj\u0131n\u0131 a\u015farken, \u00f6zkaynaklar 3,8 milyar TL seviyesine ula\u015fm\u0131\u015ft\u0131r. Has\u0131lat taraf\u0131nda ise bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re yakla\u015f\u0131k %17&#8217;lik bir daralma g\u00f6zlemlenmi\u015f, yurt d\u0131\u015f\u0131 sat\u0131\u015flarda ise \u00f6nemli bir d\u00fc\u015f\u00fc\u015f kaydedilmi\u015ftir. \u015eirketin finansal yap\u0131s\u0131, y\u00fcksek gayrimenkul de\u011ferlemeleri ve kontrol edilebilir bor\u00e7luluk oranlar\u0131 ile desteklenmektedir.<\/p>\n<h2>1. Finansal Performans ve Operasyonel Sonu\u00e7lar<\/h2>\n<p>Grubun gelir tablosu verileri, maliyet y\u00f6netimi ve operasyonel verimlilik odakl\u0131 bir tablo \u00e7izmektedir.<\/p>\n<h3>1.1. Has\u0131lat ve K\u00e2rl\u0131l\u0131k Analizi<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Hesap Kalemi<\/td>\n<td>01.01.2026 &#8211; 31.03.2026<\/td>\n<td>01.01.2025 &#8211; 31.03.2025<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Has\u0131lat<\/b><\/td>\n<td>511.259.474 TL<\/td>\n<td>617.933.269 TL<\/td>\n<td>-%17,2<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti<\/b><\/td>\n<td>(252.157.922) TL<\/td>\n<td>(349.849.230) TL<\/td>\n<td>-%27,9<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>259.101.552 TL<\/td>\n<td>268.084.039 TL<\/td>\n<td>-%3,3<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>3.929.421 TL<\/td>\n<td>30.978.540 TL<\/td>\n<td>-%87,3<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td>30.120.129 TL<\/td>\n<td>13.497.928 TL<\/td>\n<td>+%123,1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Sat\u0131\u015f Kompozisyonu:<\/b> Yurt i\u00e7i sat\u0131\u015flar 635,7 milyon TL ile ana gelir kayna\u011f\u0131n\u0131 olu\u015ftururken, yurt d\u0131\u015f\u0131 sat\u0131\u015flar 220,6 milyon TL&#8217;den (2025 Q1) 19,7 milyon TL&#8217;ye (2026 Q1) gerileyerek keskin bir d\u00fc\u015f\u00fc\u015f ya\u015fam\u0131\u015ft\u0131r.<\/li>\n<li><b>Maliyet Y\u00f6netimi:<\/b> Br\u00fct k\u00e2r marj\u0131, sat\u0131\u015f maliyetlerindeki %27,9&#8217;luk azalma sayesinde korunmu\u015ftur.<\/li>\n<li><b>Net Parasal Pozisyon:<\/b> Enflasyon d\u00fczeltmesi sonucunda elde edilen 33.702.969 TL tutar\u0131ndaki kazan\u00e7, net k\u00e2r\u0131n olu\u015fmas\u0131nda kritik rol oynam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>1.2. Operasyonel Giderler<\/h3>\n<p>Grubun operasyonel giderleri, pazarlama faaliyetlerinin yo\u011funlu\u011fu ile dikkat \u00e7ekmektedir:<\/p>\n<ul>\n<li><b>Pazarlama, Sat\u0131\u015f ve Da\u011f\u0131t\u0131m Giderleri:<\/b> 166,7 milyon TL (\u00d6nceki d\u00f6nem: 136M TL). En b\u00fcy\u00fck pay\u0131 74M TL ile personel giderleri almaktad\u0131r.<\/li>\n<li><b>Genel Y\u00f6netim Giderleri:<\/b> 51,1 milyon TL (\u00d6nceki d\u00f6nem: 49M TL).<\/li>\n<li><b>Ara\u015ft\u0131rma ve Geli\u015ftirme (Ar-Ge):<\/b> 14,7 milyon TL yat\u0131r\u0131m yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>2. Finansal Durum ve Varl\u0131k Yap\u0131s\u0131<\/h2>\n<p>Grup, g\u00fc\u00e7l\u00fc bir duran varl\u0131k portf\u00f6y\u00fcne sahiptir. Toplam kaynaklar 6.031.189.091 TL seviyesindedir.<\/p>\n<h3>2.1. Varl\u0131k Da\u011f\u0131l\u0131m\u0131<\/h3>\n<ul>\n<li><b>D\u00f6nen Varl\u0131klar:<\/b> 1.340.315.270 TL. Bu tutar\u0131n %24&#8217;\u00fc (321M TL) nakit ve nakit benzerlerinden olu\u015fmaktad\u0131r.<\/li>\n<li><b>Duran Varl\u0131klar:<\/b> 4.690.873.821 TL.\n<ul>\n<li><b>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller:<\/b> 1.184.841.236 TL de\u011ferinde arazi ve arsalar bulunmaktad\u0131r. Sar\u0131yer&#8217;deki 22.061 m\u00b2&#8217;lik &#8220;Ye\u015fil Alan&#8221; vas\u0131fl\u0131 arsa bu kapsamda s\u0131n\u0131fland\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Maddi Duran Varl\u0131klar:<\/b> 3.484.901.893 TL net defter de\u011ferine sahiptir. Arazi, arsa ve binalar ger\u00e7e\u011fe uygun de\u011ferleri ile izlenmektedir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>2.2. Y\u00fck\u00fcml\u00fcl\u00fckler ve Bor\u00e7lanma Yap\u0131s\u0131<\/h3>\n<p>Grubun toplam bor\u00e7lulu\u011fu kontrol edilebilir d\u00fczeydedir:<\/p>\n<ul>\n<li><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 985.471.924 TL.<\/li>\n<li><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 1.242.326.281 TL.<\/li>\n<li><b>Finansal Bor\u00e7 Detaylar\u0131:<\/b> Toplam banka kredileri ve finansal kiralamalar 582,2 milyon TL&#8217;dir. Kredilerin b\u00fcy\u00fck \u00e7o\u011funlu\u011fu USD (342M TL kar\u015f\u0131l\u0131\u011f\u0131) ve TL (170,8M TL) cinsindendir.<\/li>\n<li><b>Net Finansal Bor\u00e7 \/ Yat\u0131r\u0131lan Sermaye Oran\u0131:<\/b> 0,0872 (2025 sonu: 0,0668). Bu oran, \u015firketin d\u00fc\u015f\u00fck kald\u0131ra\u00e7la \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 teyit etmektedir.<\/li>\n<\/ul>\n<h2>3. \u00d6zkaynaklar ve Sermaye Yap\u0131s\u0131<\/h2>\n<p>\u015eirketin sermayesi Malhan ailesi ve halka a\u00e7\u0131k yat\u0131r\u0131mc\u0131lar aras\u0131nda da\u011f\u0131lm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>\u00d6denmi\u015f Sermaye:<\/b> 431.419.816 TL.<\/li>\n<li><b>Sermaye D\u00fczeltmesi Farklar\u0131:<\/b> 3.111.210.039 TL.<\/li>\n<li><b>Toplam \u00d6zkaynaklar:<\/b> 3.803.390.886 TL.<\/li>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131:<\/b>\n<ul>\n<li>Faruk Malhan: %2,24<\/li>\n<li>M. Koray Malhan: %24,25<\/li>\n<li>Doruk Malhan: %24,25<\/li>\n<li>Ay\u015fe Malhan: %24,25<\/li>\n<li>Halka A\u00e7\u0131k K\u0131s\u0131m: %25,00<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>4. Risk Y\u00f6netimi ve Duyarl\u0131l\u0131k Analizleri<\/h2>\n<p>Grup, faaliyetlerinden kaynaklanan \u00e7e\u015fitli piyasa risklerini aktif olarak y\u00f6netmektedir.<\/p>\n<h3>4.1. D\u00f6viz Kuru Riski<\/h3>\n<p>\u015eirket, d\u00f6viz cinsinden y\u00fck\u00fcml\u00fcl\u00fckleri nedeniyle kur riskine maruzdur. 31 Mart 2026 itibar\u0131yla net yabanc\u0131 para pozisyonu <b>-404.914.391 TL<\/b> (a\u00e7\u0131k pozisyon) seviyesindedir.<\/p>\n<ul>\n<li><b>USD Duyarl\u0131l\u0131\u011f\u0131:<\/b> ABD Dolar\u0131&#8217;n\u0131n TL kar\u015f\u0131s\u0131nda %10 de\u011fer kazanmas\u0131 durumunda 33 milyon TL zarar olu\u015fma riski bulunmaktad\u0131r.<\/li>\n<li><b>EUR Duyarl\u0131l\u0131\u011f\u0131:<\/b> Avro&#8217;nun %10 de\u011fer kazanmas\u0131 6,9 milyon TL ek y\u00fck getirebilir.<\/li>\n<\/ul>\n<h3>4.2. Kredi ve Likidite Riski<\/h3>\n<ul>\n<li><b>Kredi Riski:<\/b> Grup, ticari alacaklar\u0131n\u0131 m\u00fc\u015fterilerin ge\u00e7mi\u015f performans\u0131na ve TFRS 9 standartlar\u0131na g\u00f6re kategorize ederek y\u00f6netmektedir. 28 milyon TL tutar\u0131nda \u015f\u00fcpheli ticari alacak kar\u015f\u0131l\u0131\u011f\u0131 ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Likidite Riski:<\/b> Nakit ak\u0131\u015flar\u0131 detayl\u0131 tablolarla izlenmekte; 320,5 milyon TL nakit ve nakit benzeri ile operasyonel ihtiya\u00e7lar kar\u015f\u0131lanmaktad\u0131r.<\/li>\n<\/ul>\n<h2>5. Organizasyon ve \u00c7al\u0131\u015fan Bilgileri<\/h2>\n<ul>\n<li><b>\u015eirket Merkezi:<\/b> Sar\u0131yer, \u0130stanbul.<\/li>\n<li><b>\u00dcretim Tesisleri:<\/b> S\u00fcleymanpa\u015fa, Tekirda\u011f.<\/li>\n<li><b>Personel Say\u0131s\u0131:<\/b> 31 Mart 2026 itibar\u0131yla ortalama \u00e7al\u0131\u015fan say\u0131s\u0131 473 ki\u015fidir (2025 sonu: 467).<\/li>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131k:<\/b> B\u00fcy\u00fckdere Gayrimenkul Yat\u0131r\u0131m ve \u0130n\u015faat Ticaret A.\u015e. (%100 i\u015ftirak), gayrimenkul kiralama faaliyetlerini y\u00fcr\u00fctmektedir.<\/li>\n<\/ul>\n<h2>6. \u00d6nemli Dipnotlar ve G\u00fcvenceler<\/h2>\n<ul>\n<li><b>Teminatlar:<\/b> Grup taraf\u0131ndan verilen toplam teminat, rehin ve ipotek (TR\u0130) tutar\u0131 3.982.132.437 TL&#8217;dir. Bu tutar\u0131n 3 milyar TL&#8217;den fazlas\u0131 ipoteklerden olu\u015fmaktad\u0131r.<\/li>\n<li><b>Sigorta:<\/b> Aktif de\u011ferlerin toplam sigorta tutar\u0131 3.853.826.014 TL&#8217;dir.<\/li>\n<li><b>Davalar:<\/b> \u015eirketin derdest davalar\u0131 i\u00e7in 157,2 milyon TL tutar\u0131nda kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Te\u015fvikler:<\/b> Yat\u0131r\u0131m te\u015fvik sistemi kapsam\u0131nda 2,9 milyon TL tutar\u0131nda ertelenmi\u015f vergi varl\u0131\u011f\u0131 finansal tablolara yans\u0131t\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>Bu finansal rapor, TMS 29 kapsam\u0131nda y\u00fcksek enflasyon d\u00fczeltmesine tabi tutulmu\u015f olup, Grubun finansal pozisyonunu cari sat\u0131n alma g\u00fcc\u00fc cinsinden yans\u0131tmaktad\u0131r. \u015eirketin net d\u00f6nem k\u00e2r\u0131ndaki art\u0131\u015f, operasyonel daralmaya ra\u011fmen maliyet disiplini ve enflasyon muhasebesinin etkisiyle ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"paragraph is-rich-chat-ui heading2 ng-star-inserted\" role=\"heading\" data-start-index=\"4956\" aria-level=\"2\"><span class=\"ng-star-inserted\" data-start-index=\"4956\">Temel Terimler S\u00f6zl\u00fc\u011f\u00fc<\/span><\/h3>\n<ul class=\"ng-star-inserted\">\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"4987\"><b class=\"ng-star-inserted\" data-start-index=\"4987\">TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama):<\/b><span class=\"ng-star-inserted\" data-start-index=\"5047\">\u00a0Paran\u0131n sat\u0131n alma g\u00fcc\u00fcndeki a\u015f\u0131r\u0131 d\u00fc\u015f\u00fc\u015f nedeniyle finansal tablolar\u0131n genel fiyat endeksi kullan\u0131larak d\u00fczeltilmesi s\u00fcreci.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"5172\"><b class=\"ng-star-inserted\" data-start-index=\"5172\">Konsolidasyon:<\/b><span class=\"ng-star-inserted\" data-start-index=\"5186\">\u00a0Bir ana ortakl\u0131k ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n finansal tablolar\u0131n\u0131n, tek bir \u015firkete aitmi\u015f gibi birle\u015ftirilmesi y\u00f6ntemi.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"5304\"><b class=\"ng-star-inserted\" data-start-index=\"5304\">Has\u0131lat:<\/b><span class=\"ng-star-inserted\" data-start-index=\"5312\">\u00a0\u015eirketin esas faaliyetleri \u00e7er\u00e7evesinde ger\u00e7ekle\u015ftirilen mal veya hizmet sat\u0131\u015flar\u0131ndan elde edilen br\u00fct tutar.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"5423\"><b class=\"ng-star-inserted\" data-start-index=\"5423\">Ertelenmi\u015f Vergi (Deferred Tax):<\/b><span class=\"ng-star-inserted\" data-start-index=\"5455\">\u00a0Muhasebe kar\u0131 ile vergiye esas kar aras\u0131ndaki ge\u00e7ici zamanlama farklar\u0131ndan kaynaklanan gelecekte \u00f6denecek veya mahsup edilecek vergi tutar\u0131.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"5597\"><b class=\"ng-star-inserted\" data-start-index=\"5597\">Maddi Duran Varl\u0131klar:<\/b><span class=\"ng-star-inserted\" data-start-index=\"5619\">\u00a0\u0130\u015fletme faaliyetlerinde kullan\u0131lmak \u00fczere edinilen ve bir y\u0131ldan uzun \u00f6m\u00fcrl\u00fc olan bina, makine, tesis ve ta\u015f\u0131t gibi fiziksel varl\u0131klar.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"5755\"><b class=\"ng-star-inserted\" data-start-index=\"5755\">Amortisman:<\/b><span class=\"ng-star-inserted\" data-start-index=\"5766\">\u00a0Maddi duran varl\u0131klar\u0131n a\u015f\u0131nma, y\u0131pranma veya eskime pay\u0131n\u0131 ifade eden ve varl\u0131\u011f\u0131n \u00f6mr\u00fc boyunca maliyetinin giderle\u015ftirilmesi s\u00fcreci.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"5900\"><b class=\"ng-star-inserted\" data-start-index=\"5900\">\u00d6zkaynaklar:<\/b><span class=\"ng-star-inserted\" data-start-index=\"5912\">\u00a0\u015eirket varl\u0131klar\u0131ndan t\u00fcm y\u00fck\u00fcml\u00fcl\u00fckler d\u00fc\u015f\u00fcld\u00fckten sonra kalan, hissedarlara ait net de\u011fer.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"6005\"><b class=\"ng-star-inserted\" data-start-index=\"6005\">Likidite Riski:<\/b><span class=\"ng-star-inserted\" data-start-index=\"6020\">\u00a0Bir i\u015fletmenin vadesi gelen nakit y\u00fck\u00fcml\u00fcl\u00fcklerini kar\u015f\u0131lamada zorluk \u00e7ekme ihtimali.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"6106\"><b class=\"ng-star-inserted\" data-start-index=\"6106\">Net Parasal Pozisyon Kazan\u00e7\/Kayb\u0131:<\/b><span class=\"ng-star-inserted\" data-start-index=\"6140\">\u00a0Enflasyonist bir ortamda parasal varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fcklerin elde tutulmas\u0131 sonucu olu\u015fan sat\u0131n alma g\u00fcc\u00fc de\u011fi\u015fimi.<\/span><\/li>\n<li class=\"paragraph list-item is-rich-chat-ui normal ng-star-inserted\" data-start-index=\"6254\"><b class=\"ng-star-inserted\" data-start-index=\"6254\">Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkul:<\/b><span class=\"ng-star-inserted\" data-start-index=\"6281\">\u00a0Kira geliri veya de\u011fer art\u0131\u015f\u0131 kazanc\u0131 elde etmek amac\u0131yla tutulan arazi veya binalar.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Koleksiyon Mobilya 2026\u2019ya G\u00fc\u00e7l\u00fc Bir K\u00e2r Art\u0131\u015f\u0131yla Ba\u015flad\u0131! Koleksiyon Mobilya, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde net k\u00e2r\u0131n\u0131 ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re iki kat\u0131ndan fazla art\u0131rarak 30,1 milyon TL&#8217;ye \u00e7\u0131kard\u0131. Toplam varl\u0131klar\u0131 6 milyar TL baraj\u0131n\u0131 a\u015fan dev markan\u0131n, enflasyon d\u00fczeltmesi uygulanm\u0131\u015f yeni finansal tablolar\u0131ndaki has\u0131lat, \u00f6zkaynak yap\u0131s\u0131 ve stratejik gayrimenkul yat\u0131r\u0131mlar\u0131na dair t\u00fcm detaylar\u0131 analiz ediyoruz. Yat\u0131r\u0131mc\u0131lar ve mobilya sekt\u00f6r\u00fc takip\u00e7ileri i\u00e7in haz\u0131rlad\u0131\u011f\u0131m\u0131z bu kapsaml\u0131 finansal \u00f6zeti ka\u00e7\u0131rmay\u0131n.<\/p>\n","protected":false},"author":4,"featured_media":1725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[195],"class_list":["post-2144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-klsyn"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2144"}],"version-history":[{"count":5,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2144\/revisions"}],"predecessor-version":[{"id":2153,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2144\/revisions\/2153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1725"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}