KEY CONSULTING: 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 CONSULTING
Largest movements
- Cash -€11,602
down €11,602 (-62.1%), from €18,670 to €7,068
mainly Net result for the year (-€11,022) and Other debts (-€5,669)
- Current investments -€4,546
down €4,546 (-4.8%), from €93,847 to €89,301
- Profit (loss) carried forward -€11,022
down €11,022 (-6.3%), from €174,626 to €163,604
- Other debts -€5,669
down €5,669 (-35.8%), from €15,846 to €10,177
- Financial income -€30,658
down €30,658 (-87.2%), from €35,167 to €4,509
- Gross operating margin +€22,510
up €22,510 (+68.2%), from -€33,011 to -€10,502
- Financial charges -€8,952
down €8,952 (-70.6%), from €12,679 to €3,727
- Taxes +€444
up €444, from -€66 to €378
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 | €295,107 | €278,693 | -€16,414 | -5.6% |
| Fixed assets | 21/28 | €1,832 | €1,295 | -€537 | -29.3% |
| Tangible fixed assets | 22/27 | €1,832 | €1,295 | -€537 | -29.3% |
| Other tangible fixed assets | 26 | €1,832 | €1,295 | -€537 | -29.3% |
| Current assets | 29/58 | €293,275 | €277,398 | -€15,877 | -5.4% |
| Amounts receivable within one year | 40/41 | €180,758 | €181,029 | +€270 | +0.1% |
| Trade receivables | 40 | €0 | €1,029 | +€1,029 | |
| Other amounts receivable | 41 | €180,758 | €180,000 | -€758 | -0.4% |
| Current investments | 50/53 | €93,847 | €89,301 | -€4,546 | -4.8% |
| Cash at bank and in hand | 54/58 | €18,670 | €7,068 | -€11,602 | -62.1% |
| Total equity and liabilities | 10/49 | €295,107 | €278,693 | -€16,414 | -5.6% |
| Equity | 10/15 | €272,186 | €261,164 | -€11,022 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,360 | €91,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €84,500 | €84,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,626 | €163,604 | -€11,022 | -6.3% |
| Amounts payable | 17/49 | €22,921 | €17,529 | -€5,392 | -23.5% |
| Amounts payable within one year | 42/48 | €22,921 | €17,529 | -€5,392 | -23.5% |
| Trade debts | 44 | €4,075 | €5,779 | +€1,704 | +41.8% |
| Suppliers | 440/4 | €4,075 | €5,779 | +€1,704 | +41.8% |
| Taxes, remuneration and social security | 45 | €3,000 | €1,574 | -€1,427 | -47.6% |
| Taxes | 450/3 | €3,000 | €1,574 | -€1,427 | -47.6% |
| Other amounts payable | 47/48 | €15,846 | €10,177 | -€5,669 | -35.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €537 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€33,011 | -€10,502 | +€22,510 | +68.2% |
| Operating profit (loss) | 9901 | -€33,933 | -€11,426 | +€22,507 | +66.3% |
| Financial income | 75/76B | €35,167 | €4,509 | -€30,658 | -87.2% |
| Recurring financial income | 75 | €35,167 | €4,509 | -€30,658 | -87.2% |
| Financial charges | 65/66B | €12,679 | €3,727 | -€8,952 | -70.6% |
| Recurring financial charges | 65 | €12,679 | €3,727 | -€8,952 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,445 | -€10,644 | +€801 | +7.0% |
| Income taxes | 67/77 | -€66 | €378 | +€444 | |
| Profit (loss) for the period | 9904 | -€11,379 | -€11,022 | +€356 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,379 | -€11,022 | +€356 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.