Key Communications: what changed
Key Communications
Largest movements
- Tangible fixed assets -€9,685
down €9,685 (-25.0%), from €38,780 to €29,095
of which Furniture and vehicles: -€10,409
- Cash +€8,885
up €8,885 (+21.8%), from €40,726 to €49,611
mainly Depreciation (+€10,511) and Other debts (+€3,096)
- Receivables within one year +€4,600
up €4,600 (+5.3%), from €86,217 to €90,817
of which Other amounts receivable: +€4,963
- Other debts +€3,096
up €3,096 (+5.0%), from €61,920 to €65,016
- Profit (loss) carried forward +€2,983
up €2,983 (+86.3%), from €3,456 to €6,439
- Trade debts -€2,966
down €2,966 (-23.3%), from €12,708 to €9,742
of which Suppliers: -€4,966
- Gross operating margin +€2,504
up €2,504 (+19.0%), from €13,205 to €15,708
- Taxes +€682
up €682 (+164%), from €416 to €1,097
- Other operating charges -€408
down €408 (-41.0%), from €997 to €588
- Depreciation +€375
up €375 (+3.7%), from €10,136 to €10,511
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,637 | €171,325 | +€2,689 | +1.6% |
| Fixed assets | 21/28 | €39,369 | €29,095 | -€10,273 | -26.1% |
| Tangible fixed assets | 22/27 | €38,780 | €29,095 | -€9,685 | -25.0% |
| Land and buildings | 22 | - | €724 | +€724 | |
| Furniture and vehicles | 24 | €38,780 | €28,371 | -€10,409 | -26.8% |
| Financial fixed assets | 28 | €588 | - | -€588 | |
| Current assets | 29/58 | €129,268 | €142,230 | +€12,962 | +10.0% |
| Amounts receivable within one year | 40/41 | €86,217 | €90,817 | +€4,600 | +5.3% |
| Trade receivables | 40 | €6,713 | €6,350 | -€363 | -5.4% |
| Other amounts receivable | 41 | €79,504 | €84,467 | +€4,963 | +6.2% |
| Cash at bank and in hand | 54/58 | €40,726 | €49,611 | +€8,885 | +21.8% |
| Deferred charges and accrued income | 490/1 | €2,325 | €1,803 | -€522 | -22.5% |
| Total equity and liabilities | 10/49 | €168,637 | €171,325 | +€2,689 | +1.6% |
| Equity | 10/15 | €91,904 | €94,887 | +€2,983 | +3.2% |
| Contributions | 10/11 | €24,797 | €24,797 | = | 0.0% |
| Reserves | 13 | €63,650 | €63,650 | = | 0.0% |
| Distributable reserves | 133 | €63,650 | €63,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,456 | €6,439 | +€2,983 | +86.3% |
| Amounts payable | 17/49 | €76,733 | €76,438 | -€294 | -0.4% |
| Amounts payable within one year | 42/48 | €76,733 | €76,438 | -€294 | -0.4% |
| Financial debts | 43 | €2,105 | €1,680 | -€425 | -20.2% |
| Credit institutions | 430/8 | €2,105 | €1,680 | -€425 | -20.2% |
| Trade debts | 44 | €12,708 | €9,742 | -€2,966 | -23.3% |
| Suppliers | 440/4 | €12,708 | €7,742 | -€4,966 | -39.1% |
| Bills of exchange payable | 441 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €61,920 | €65,016 | +€3,096 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,136 | €10,511 | +€375 | +3.7% |
| Other operating charges | 640/8 | €997 | €588 | -€408 | -41.0% |
| Gross operating margin | 9900 | €13,205 | €15,708 | +€2,504 | +19.0% |
| Operating profit (loss) | 9901 | €2,072 | €4,609 | +€2,537 | +122% |
| Financial income | 75/76B | €2,674 | €2,732 | +€58 | +2.2% |
| Recurring financial income | 75 | €2,674 | €2,732 | +€58 | +2.2% |
| Financial charges | 65/66B | €3,109 | €3,261 | +€152 | +4.9% |
| Recurring financial charges | 65 | €3,109 | €3,261 | +€152 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €1,637 | €4,080 | +€2,443 | +149% |
| Income taxes | 67/77 | €416 | €1,097 | +€682 | +164% |
| Profit (loss) for the period | 9904 | €1,222 | €2,983 | +€1,761 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €1,222 | €2,983 | +€1,761 | +144% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.