A KEYSTONE: 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.
A KEYSTONE
Largest movements
- Cash +€9,929
new in 2025: €9,929
mainly Other debts (+€12,755) and Depreciation (+€278)
- Tangible fixed assets -€278
down €278 (-20.0%), from €1,388 to €1,110
- Other debts +€12,755
up €12,755 (+111.2%), from €11,470 to €24,225
- Tax, wage and social debts -€2,312
down €2,312 (-95.1%), from €2,432 to €120
- Profit (loss) carried forward -€721
down €721 (-1.3%), from -€54,447 to -€55,168
- Turnover -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin -€1,224
down €1,224, from €605 to -€619
- Purchases and services -€895
no longer reported in 2025 (was €895)
- Financial charges -€663
new in 2025: -€663
- Other operating charges +€412
up €412 (+549.5%), from €75 to €487
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
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 | €1,388 | €11,039 | +€9,651 | +695.6% |
| Fixed assets | 21/28 | €1,388 | €1,110 | -€278 | -20.0% |
| Tangible fixed assets | 22/27 | €1,388 | €1,110 | -€278 | -20.0% |
| Plant, machinery and equipment | 23 | €1,388 | €1,110 | -€278 | -20.0% |
| Current assets | 29/58 | - | €9,929 | +€9,929 | |
| Cash at bank and in hand | 54/58 | - | €9,929 | +€9,929 | |
| Total equity and liabilities | 10/49 | €1,388 | €11,039 | +€9,651 | +695.6% |
| Equity | 10/15 | -€12,584 | -€13,306 | -€721 | -5.7% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Capital | 10 | €37,200 | - | -€37,200 | |
| Issued capital | 100 | €37,200 | - | -€37,200 | |
| Reserves | 13 | €4,663 | €4,663 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,663 | €4,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,447 | -€55,168 | -€721 | -1.3% |
| Amounts payable | 17/49 | €13,972 | €24,344 | +€10,372 | +74.2% |
| Amounts payable within one year | 42/48 | €13,972 | €24,344 | +€10,372 | +74.2% |
| Trade debts | 44 | €70 | - | -€70 | |
| Suppliers | 440/4 | €70 | - | -€70 | |
| Taxes, remuneration and social security | 45 | €2,432 | €120 | -€2,312 | -95.1% |
| Taxes | 450/3 | €2,432 | €120 | -€2,312 | -95.1% |
| Other amounts payable | 47/48 | €11,470 | €24,225 | +€12,755 | +111.2% |
| Turnover | 70 | €1,500 | - | -€1,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €895 | - | -€895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €278 | = | 0.0% |
| Other operating charges | 640/8 | €75 | €487 | +€412 | +549.5% |
| Gross operating margin | 9900 | €605 | -€619 | -€1,224 | |
| Operating profit (loss) | 9901 | €253 | -€1,384 | -€1,636 | |
| Financial income | 75/76B | €73 | - | -€73 | |
| Recurring financial income | 75 | €73 | - | -€73 | |
| Financial charges | 65/66B | - | -€663 | -€663 | |
| Recurring financial charges | 65 | - | -€663 | -€663 | |
| Profit (loss) for the period before taxes | 9903 | €325 | -€721 | -€1,046 | |
| Profit (loss) for the period | 9904 | €325 | -€721 | -€1,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €325 | -€721 | -€1,046 |
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 12 October 2026 via checked.be.