KEY COACH: 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.
KEY COACH
Largest movements
- Cash +€11,798
up €11,798 (+6525.9%), from €181 to €11,979
mainly Net result for the year (+€21,451) and Tax, wage and social debts (+€5,867)
- Receivables within one year +€10,475
up €10,475 (+29.5%), from €35,502 to €45,977
of which Other amounts receivable: +€19,365
- Tangible fixed assets +€994
new in 2025: €994
- Profit (loss) carried forward +€21,451
up €21,451 (+118.3%), from €18,134 to €39,585
- Tax, wage and social debts +€5,867
up €5,867 (+55.9%), from €10,498 to €16,365
- Trade debts -€4,051
no longer reported in 2025 (was €4,051)
- Gross operating margin +€4,744
up €4,744 (+20.0%), from €23,720 to €28,463
- Taxes +€842
up €842 (+16.7%), from €5,045 to €5,887
- Financial charges +€402
up €402 (+385.8%), from €104 to €507
- Depreciation +€338
new in 2025: €338
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 | €35,683 | €58,950 | +€23,267 | +65.2% |
| Fixed assets | 21/28 | - | €994 | +€994 | |
| Tangible fixed assets | 22/27 | - | €994 | +€994 | |
| Furniture and vehicles | 24 | - | €994 | +€994 | |
| Current assets | 29/58 | €35,683 | €57,956 | +€22,273 | +62.4% |
| Amounts receivable within one year | 40/41 | €35,502 | €45,977 | +€10,475 | +29.5% |
| Trade receivables | 40 | €34,170 | €25,280 | -€8,890 | -26.0% |
| Other amounts receivable | 41 | €1,332 | €20,697 | +€19,365 | +1453.5% |
| Cash at bank and in hand | 54/58 | €181 | €11,979 | +€11,798 | +6525.9% |
| Total equity and liabilities | 10/49 | €35,683 | €58,950 | +€23,267 | +65.2% |
| Equity | 10/15 | €21,134 | €42,585 | +€21,451 | +101.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,134 | €39,585 | +€21,451 | +118.3% |
| Amounts payable | 17/49 | €14,549 | €16,365 | +€1,816 | +12.5% |
| Amounts payable within one year | 42/48 | €14,549 | €16,365 | +€1,816 | +12.5% |
| Trade debts | 44 | €4,051 | - | -€4,051 | |
| Suppliers | 440/4 | €4,051 | - | -€4,051 | |
| Taxes, remuneration and social security | 45 | €10,498 | €16,365 | +€5,867 | +55.9% |
| Taxes | 450/3 | €10,498 | €16,365 | +€5,867 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €338 | +€338 | |
| Other operating charges | 640/8 | €437 | €420 | -€18 | -4.1% |
| Gross operating margin | 9900 | €23,720 | €28,463 | +€4,744 | +20.0% |
| Operating profit (loss) | 9901 | €23,283 | €27,706 | +€4,423 | +19.0% |
| Financial income | 75/76B | €0 | €139 | +€139 | +69560.0% |
| Recurring financial income | 75 | €0 | €139 | +€139 | +69560.0% |
| Financial charges | 65/66B | €104 | €507 | +€402 | +385.8% |
| Recurring financial charges | 65 | €104 | €507 | +€402 | +385.8% |
| Profit (loss) for the period before taxes | 9903 | €23,178 | €27,338 | +€4,160 | +17.9% |
| Income taxes | 67/77 | €5,045 | €5,887 | +€842 | +16.7% |
| Profit (loss) for the period | 9904 | €18,134 | €21,451 | +€3,318 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,134 | €21,451 | +€3,318 | +18.3% |
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 2 October 2026 via checked.be.