KELYS: 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.
KELYS
Largest movements
- Receivables within one year +€20,879
up €20,879 (+79.9%), from €26,125 to €47,005
of which Trade receivables: +€18,731
- Cash -€12,355
down €12,355 (-61.6%), from €20,068 to €7,713
mainly Receivables within one year (-€20,879) and Investment in fixed assets (net) (-€6,365)
- Tangible fixed assets +€4,881
up €4,881 (+386.1%), from €1,264 to €6,145
of which Plant, machinery and equipment: +€4,936
- Stocks and contracts +€1,178
up €1,178 (+7.8%), from €15,024 to €16,202
- Reserves +€9,645
up €9,645 (+70.6%), from €13,660 to €23,305
of which Distributable reserves: +€9,645
- Trade debts +€9,305
up €9,305 (+34.9%), from €26,628 to €35,933
- Tax, wage and social debts -€4,661
down €4,661 (-59.9%), from €7,784 to €3,124
- Taxes -€4,002
down €4,002 (-65.7%), from €6,089 to €2,086
- Financial income +€982
up €982 (+29663.7%), from €3 to €985
- Gross operating margin +€647
up €647 (+4.9%), from €13,153 to €13,801
- Other operating charges +€253
up €253 (+20.8%), from €1,218 to €1,471
- Depreciation -€165
down €165 (-10.0%), from €1,649 to €1,485
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,380 | €112,079 | +€14,699 | +15.1% |
| Fixed assets | 21/28 | €1,264 | €6,145 | +€4,881 | +386.1% |
| Tangible fixed assets | 22/27 | €1,264 | €6,145 | +€4,881 | +386.1% |
| Plant, machinery and equipment | 23 | €1,208 | €6,145 | +€4,936 | +408.5% |
| Furniture and vehicles | 24 | €56 | - | -€56 | |
| Current assets | 29/58 | €96,116 | €105,934 | +€9,818 | +10.2% |
| Amounts receivable after more than one year | 29 | €34,277 | €34,277 | = | 0.0% |
| Other amounts receivable | 291 | €34,277 | €34,277 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,024 | €16,202 | +€1,178 | +7.8% |
| Stocks | 30/36 | €15,024 | €16,202 | +€1,178 | +7.8% |
| Amounts receivable within one year | 40/41 | €26,125 | €47,005 | +€20,879 | +79.9% |
| Trade receivables | 40 | €23,863 | €42,594 | +€18,731 | +78.5% |
| Other amounts receivable | 41 | €2,263 | €4,411 | +€2,148 | +94.9% |
| Cash at bank and in hand | 54/58 | €20,068 | €7,713 | -€12,355 | -61.6% |
| Deferred charges and accrued income | 490/1 | €621 | €737 | +€116 | +18.7% |
| Total equity and liabilities | 10/49 | €97,380 | €112,079 | +€14,699 | +15.1% |
| Equity | 10/15 | €39,616 | €49,261 | +€9,645 | +24.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €13,660 | €23,305 | +€9,645 | +70.6% |
| Tax-exempt reserves | 132 | €1,300 | €1,300 | = | 0.0% |
| Distributable reserves | 133 | €12,360 | €22,005 | +€9,645 | +78.0% |
| Profit (loss) carried forward | 14 | €19,706 | €19,706 | = | 0.0% |
| Amounts payable | 17/49 | €57,764 | €62,817 | +€5,053 | +8.7% |
| Amounts payable within one year | 42/48 | €56,984 | €62,632 | +€5,648 | +9.9% |
| Trade debts | 44 | €26,628 | €35,933 | +€9,305 | +34.9% |
| Suppliers | 440/4 | €26,628 | €35,933 | +€9,305 | +34.9% |
| Taxes, remuneration and social security | 45 | €7,784 | €3,124 | -€4,661 | -59.9% |
| Taxes | 450/3 | €7,784 | €3,124 | -€4,661 | -59.9% |
| Other amounts payable | 47/48 | €22,572 | €23,575 | +€1,003 | +4.4% |
| Accrued charges and deferred income | 492/3 | €780 | €186 | -€594 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,649 | €1,485 | -€165 | -10.0% |
| Other operating charges | 640/8 | €1,218 | €1,471 | +€253 | +20.8% |
| Gross operating margin | 9900 | €13,153 | €13,801 | +€647 | +4.9% |
| Operating profit (loss) | 9901 | €10,287 | €10,845 | +€559 | +5.4% |
| Financial income | 75/76B | €3 | €985 | +€982 | +29663.7% |
| Recurring financial income | 75 | €3 | €985 | +€982 | +29663.7% |
| Financial charges | 65/66B | €212 | €99 | -€113 | -53.4% |
| Recurring financial charges | 65 | €212 | €99 | -€113 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €10,078 | €11,732 | +€1,654 | +16.4% |
| Income taxes | 67/77 | €6,089 | €2,086 | -€4,002 | -65.7% |
| Profit (loss) for the period | 9904 | €3,989 | €9,645 | +€5,656 | +141.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,989 | €9,645 | +€5,656 | +141.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.