DE KEYPROJECT: 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.
DE KEYPROJECT
Largest movements
- Receivables within one year -€16,745
down €16,745 (-13.8%), from €121,766 to €105,021
of which Other amounts receivable: -€13,520
- Deferred charges and accrued income -€2,969
down €2,969 (-100%), from €2,969 to €0
- Tax, wage and social debts -€43,195
down €43,195 (-96.1%), from €44,942 to €1,747
of which Taxes: -€38,195
- Trade debts +€22,851
up €22,851 (+235%), from €9,707 to €32,558
- Reserves +€2,444
up €2,444 (+3.6%), from €67,328 to €69,773
- Gross operating margin -€72,526
down €72,526 (-99.7%), from €72,768 to €242
- Taxes -€18,902
down €18,902 (-90.6%), from €20,867 to €1,965
- Financial income +€3,144
up €3,144 (+89.1%), from €3,527 to €6,670
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,836 | €106,077 | -€18,759 | -15.0% |
| Current assets | 29/58 | €124,836 | €106,077 | -€18,759 | -15.0% |
| Amounts receivable within one year | 40/41 | €121,766 | €105,021 | -€16,745 | -13.8% |
| Trade receivables | 40 | €27,683 | €24,457 | -€3,226 | -11.7% |
| Other amounts receivable | 41 | €94,083 | €80,564 | -€13,520 | -14.4% |
| Cash at bank and in hand | 54/58 | €101 | €1,057 | +€956 | +944% |
| Deferred charges and accrued income | 490/1 | €2,969 | €0 | -€2,969 | -100% |
| Total equity and liabilities | 10/49 | €124,836 | €106,077 | -€18,759 | -15.0% |
| Equity | 10/15 | €69,328 | €71,773 | +€2,444 | +3.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €67,328 | €69,773 | +€2,444 | +3.6% |
| Distributable reserves | 133 | €67,328 | €69,773 | +€2,444 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,508 | €34,305 | -€21,203 | -38.2% |
| Amounts payable within one year | 42/48 | €55,508 | €34,305 | -€21,203 | -38.2% |
| Trade debts | 44 | €9,707 | €32,558 | +€22,851 | +235% |
| Suppliers | 440/4 | €9,707 | €32,558 | +€22,851 | +235% |
| Taxes, remuneration and social security | 45 | €44,942 | €1,747 | -€43,195 | -96.1% |
| Taxes | 450/3 | €39,942 | €1,747 | -€38,195 | -95.6% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Other operating charges | 640/8 | €2,475 | €1,993 | -€482 | -19.5% |
| Gross operating margin | 9900 | €72,768 | €242 | -€72,526 | -99.7% |
| Operating profit (loss) | 9901 | €70,293 | -€1,751 | -€72,044 | |
| Financial income | 75/76B | €3,527 | €6,670 | +€3,144 | +89.1% |
| Recurring financial income | 75 | €3,527 | €6,670 | +€3,144 | +89.1% |
| Financial charges | 65/66B | €620 | €510 | -€110 | -17.8% |
| Recurring financial charges | 65 | €620 | €510 | -€110 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €73,200 | €4,410 | -€68,790 | -94.0% |
| Income taxes | 67/77 | €20,867 | €1,965 | -€18,902 | -90.6% |
| Profit (loss) for the period | 9904 | €52,333 | €2,444 | -€49,888 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,333 | €2,444 | -€49,888 | -95.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.