88 KEYS: 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.
88 KEYS
Largest movements
- Tangible fixed assets -€7,018
down €7,018 (-19.3%), from €36,385 to €29,367
of which Leasing and similar rights: -€6,963
- Stocks and contracts -€3,987
down €3,987 (-93.0%), from €4,287 to €300
- Debts after one year -€29,450
no longer reported in 2025 (was €29,450)
- Current portion of long-term debt +€22,070
up €22,070 (+299.0%), from €7,380 to €29,450
- Profit (loss) carried forward -€11,860
down €11,860 (-27.4%), from -€43,347 to -€55,207
- Other debts +€10,875
up €10,875 (+53.7%), from €20,260 to €31,135
- Trade debts -€4,056
down €4,056 (-56.4%), from €7,189 to €3,133
- Gross operating margin -€21,287
down €21,287 (-95.2%), from €22,351 to €1,064
- Depreciation +€3,619
up €3,619 (+78.0%), from €4,638 to €8,257
- Financial charges +€827
up €827 (+36.4%), from €2,272 to €3,099
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,622 | €32,344 | -€11,278 | -25.9% |
| Fixed assets | 21/28 | €36,385 | €29,367 | -€7,018 | -19.3% |
| Tangible fixed assets | 22/27 | €36,385 | €29,367 | -€7,018 | -19.3% |
| Plant, machinery and equipment | 23 | €59 | €4 | -€55 | -93.5% |
| Leasing and similar rights | 25 | €36,326 | €29,363 | -€6,963 | -19.2% |
| Current assets | 29/58 | €7,237 | €2,977 | -€4,260 | -58.9% |
| Stocks and contracts in progress | 3 | €4,287 | €300 | -€3,987 | -93.0% |
| Stocks | 30/36 | €4,287 | €300 | -€3,987 | -93.0% |
| Amounts receivable within one year | 40/41 | €2,624 | €2,258 | -€366 | -13.9% |
| Trade receivables | 40 | €2,624 | €2,258 | -€366 | -13.9% |
| Deferred charges and accrued income | 490/1 | €326 | €418 | +€92 | +28.4% |
| Total equity and liabilities | 10/49 | €43,622 | €32,344 | -€11,278 | -25.9% |
| Equity | 10/15 | -€24,747 | -€36,607 | -€11,860 | -47.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,347 | -€55,207 | -€11,860 | -27.4% |
| Amounts payable | 17/49 | €68,369 | €68,951 | +€581 | +0.9% |
| Amounts payable after more than one year | 17 | €29,450 | - | -€29,450 | |
| Financial debts | 170/4 | €29,450 | - | -€29,450 | |
| Amounts payable within one year | 42/48 | €38,919 | €68,804 | +€29,884 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €7,380 | €29,450 | +€22,070 | +299.0% |
| Financial debts | 43 | €1,683 | €4,362 | +€2,680 | +159.2% |
| Credit institutions | 430/8 | €1,683 | €4,362 | +€2,680 | +159.2% |
| Trade debts | 44 | €7,189 | €3,133 | -€4,056 | -56.4% |
| Suppliers | 440/4 | €7,189 | €3,133 | -€4,056 | -56.4% |
| Taxes, remuneration and social security | 45 | €2,408 | €724 | -€1,685 | -70.0% |
| Taxes | 450/3 | €2,408 | €724 | -€1,685 | -70.0% |
| Other amounts payable | 47/48 | €20,260 | €31,135 | +€10,875 | +53.7% |
| Accrued charges and deferred income | 492/3 | - | €147 | +€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,638 | €8,257 | +€3,619 | +78.0% |
| Other operating charges | 640/8 | €1,246 | €1,413 | +€168 | +13.5% |
| Gross operating margin | 9900 | €22,351 | €1,064 | -€21,287 | -95.2% |
| Operating profit (loss) | 9901 | €16,467 | -€8,606 | -€25,074 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €2,272 | €3,099 | +€827 | +36.4% |
| Recurring financial charges | 65 | €2,272 | €3,099 | +€827 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €14,215 | -€11,705 | -€25,920 | |
| Income taxes | 67/77 | €77 | €155 | +€78 | +102.0% |
| Profit (loss) for the period | 9904 | €14,138 | -€11,860 | -€25,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,138 | -€11,860 | -€25,998 |
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 9 October 2026 via checked.be.