KeiKy: what changed
Two fiscal 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.
KeiKy
Largest movements
- Receivables within one year +€123,707
up €123,707 (+730.3%), from €16,940 to €140,647
of which Other amounts receivable: +€108,074
- Cash -€109,929
down €109,929 (-93.0%), from €118,152 to €8,223
mainly Receivables within one year (-€123,707) and Tax, wage and social debts (-€20,938)
- Tangible fixed assets +€2,532
up €2,532 (+42.2%), from €6,004 to €8,535
of which Furniture and vehicles: +€2,895
- Reserves +€37,637
up €37,637 (+38.5%), from €97,876 to €135,512
- Tax, wage and social debts -€20,938
down €20,938 (-55.0%), from €38,092 to €17,154
of which Taxes: -€21,398
- Gross operating margin -€27,273
down €27,273 (-32.9%), from €82,787 to €55,514
- Taxes -€3,907
down €3,907 (-22.7%), from €17,180 to €13,272
- Depreciation +€1,310
up €1,310 (+99.7%), from €1,314 to €2,624
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 | €141,598 | €158,682 | +€17,085 | +12.1% |
| Fixed assets | 21/28 | €6,004 | €8,535 | +€2,532 | +42.2% |
| Tangible fixed assets | 22/27 | €6,004 | €8,535 | +€2,532 | +42.2% |
| Plant, machinery and equipment | 23 | €3,426 | €3,063 | -€363 | -10.6% |
| Furniture and vehicles | 24 | €2,578 | €5,472 | +€2,895 | +112.3% |
| Current assets | 29/58 | €135,594 | €150,147 | +€14,553 | +10.7% |
| Amounts receivable within one year | 40/41 | €16,940 | €140,647 | +€123,707 | +730.3% |
| Trade receivables | 40 | €16,940 | €32,573 | +€15,633 | +92.3% |
| Other amounts receivable | 41 | - | €108,074 | +€108,074 | |
| Cash at bank and in hand | 54/58 | €118,152 | €8,223 | -€109,929 | -93.0% |
| Deferred charges and accrued income | 490/1 | €502 | €1,277 | +€775 | +154.5% |
| Total equity and liabilities | 10/49 | €141,598 | €158,682 | +€17,085 | +12.1% |
| Equity | 10/15 | €100,876 | €138,512 | +€37,637 | +37.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,876 | €135,512 | +€37,637 | +38.5% |
| Distributable reserves | 133 | €97,876 | €135,512 | +€37,637 | +38.5% |
| Amounts payable | 17/49 | €40,722 | €20,170 | -€20,552 | -50.5% |
| Amounts payable within one year | 42/48 | €40,722 | €20,170 | -€20,552 | -50.5% |
| Trade debts | 44 | €2,630 | €3,016 | +€386 | +14.7% |
| Suppliers | 440/4 | €2,630 | €3,016 | +€386 | +14.7% |
| Taxes, remuneration and social security | 45 | €38,092 | €17,154 | -€20,938 | -55.0% |
| Taxes | 450/3 | €38,019 | €16,621 | -€21,398 | -56.3% |
| Remuneration and social security | 454/9 | €74 | €533 | +€459 | +622.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €2,624 | +€1,310 | +99.7% |
| Other operating charges | 640/8 | €387 | €516 | +€129 | +33.4% |
| Gross operating margin | 9900 | €82,787 | €55,514 | -€27,273 | -32.9% |
| Operating profit (loss) | 9901 | €81,086 | €52,373 | -€28,712 | -35.4% |
| Financial charges | 65/66B | €1,249 | €1,464 | +€215 | +17.2% |
| Recurring financial charges | 65 | €1,249 | €1,464 | +€215 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €79,837 | €50,909 | -€28,927 | -36.2% |
| Income taxes | 67/77 | €17,180 | €13,272 | -€3,907 | -22.7% |
| Profit (loss) for the period | 9904 | €62,657 | €37,637 | -€25,020 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,657 | €37,637 | -€25,020 | -39.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.