<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT21
  Version: 20261209.a
  Release date: April, 2026
-->
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  <link:roleRef roleURI="urn:kvk:linkrole:notes-investment-properties-movement" xlink:href="../dictionary/kvk-linkroles.xsd#kvk-lr_NotesInvestmentPropertiesMovement" xlink:type="simple"/>
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  <gen:link xlink:role="urn:kvk:linkrole:notes-investment-properties-movement" xlink:type="extended">
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    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1FactExplicitEQFactNonExplicit1_loc" xlink:to="NotesInvestmentPropertiesMovement_PrtFST1FactExplicitEQFactNonExplicit1_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1PeriodStartMutationPeriodEnd1_loc" xlink:to="NotesInvestmentPropertiesMovement_PrtFST1PeriodStartMutationPeriodEnd1_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit1_loc" xlink:to="NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit1_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit2_loc" xlink:to="NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit2_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract1_loc" xlink:to="NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract1_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract2_loc" xlink:to="NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract2_label_EN" xlink:type="arc"/>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1PeriodStartMutationPeriodEnd1_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1PeriodStartMutationPeriodEnd1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">Reported value of `InvestmentProperties` at end of period SHOULD be equal to sum of reported value of `InvestmentProperties` at beginning of period and changes in that value during period, `InvestmentPropertiesMovement`.</label:label>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1ExistenceThnNoExistence1_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1ExistenceThnNoExistence1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">When `InvestmentPropertiesCostPrice` is reported then `InvestmentPropertiesActualCostPrice` SHOULD NOT be reported.</label:label>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract1_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">`InvestmentPropertiesMember` SHOULD be equal to the summation of the underlying children members.</label:label>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract2_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract2_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">`InvestmentPropertiesMember` SHOULD be equal to the summation of the underlying children members.</label:label>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit1_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">`InvestmentPropertiesMovement` SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit2_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit2_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">`InvestmentProperties` SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="NotesInvestmentPropertiesMovement_PrtFST1FactExplicitEQFactNonExplicit1_label_EN" xlink:label="NotesInvestmentPropertiesMovement_PrtFST1FactExplicitEQFactNonExplicit1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">`InvestmentProperties` reported with `ClassesOfInvestmentPropertiesAxis` and `InvestmentPropertiesMember` SHOULD be equal to `InvestmentProperties` without `ClassesOfInvestmentPropertiesAxis` and `InvestmentPropertiesMember`.</label:label>
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    <link:loc xlink:href="kvk-notes-investment-properties-movement_k_m_g-for.xml#valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit2" xlink:label="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfChildrenParentDebit2_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-notes-investment-properties-movement_k_m_g-for.xml#valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract1" xlink:label="valueAssertion_NotesInvestmentPropertiesMovement_PrtFST1SumOfMembersOnAbstract1_loc" xlink:type="locator"/>
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