Key Door Components: 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.
What changed
Key Door Components
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €513,091+€623,512
Equity
€3.6m
2024 · €2.5m+€1.1m
Cash
€327,466
2024 · -+€327,466
Balance sheet total
€15.0m
2024 · €15.7m-€726,845
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-31.6%), from €4.0m to €2.8m
of which Trade receivables: -€1.4m
- Stocks and contracts +€479,117
up €479,117 (+13.3%), from €3.6m to €4.1m
- Cash +€327,466
new in 2025: €327,466
mainly Receivables within one year (+€1.3m) and Net result for the year (+€1.1m)
- Tangible fixed assets -€260,664
down €260,664 (-3.2%), from €8.0m to €7.8m
of which Assets under construction and advance payments: -€431,962
Equity and liabilities
- Other debts -€2.7m
down €2.7m (-52.0%), from €5.3m to €2.5m
- Profit (loss) carried forward +€1.1m
up €1.1m (+6,322%), from €17,080 to €1.1m
- Trade debts +€904,694
up €904,694 (+44.4%), from €2.0m to €2.9m
Income statement
- Turnover +€491,879
up €491,879 (+1.9%), from €25.3m to €25.7m
- Services and other goods -€479,468
down €479,468 (-13.5%), from €3.6m to €3.1m
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.
Result 2024
€513,091
Turnover
+€491,879
Other operating income
-€200,067
Goods and materials
-€92,103
Services and other goods
+€479,468
Staff costs
+€94,547
Depreciation
-€84,922
Write-downs
-€2,882
Provisions
-€64,863
Other operating charges
-€15,568
Other operating items
+€82,509
Financial income
+€65,070
Financial charges
-€114,580
Taxes
-€14,975
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.0m
Investment
-€761,981
Financing
+€66,426
Cash 2024
€0
From operations (derived)
+€1.0m
Net result for the year
+€1.1m
Depreciation
+€1.0m
Stocks and contracts
-€479,117
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€9,220
Provisions
+€6,032
Trade debts
+€904,694
Tax, wage and social debts
-€126,953
Other debts
-€2.7m
Accrued charges and deferred income
+€15,345
Investment (derived)
-€761,981
Investment in fixed assets (net)
-€761,981
Financing
+€66,426
Short-term financial debts
+€100,000
Contributions, distributions and other
-€33,574
Cash 2025
€327,466
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,678,163 | €14,951,318 | -€726,845 | -4.6% |
| Fixed assets | 21/28 | €8,036,192 | €7,784,339 | -€251,853 | -3.1% |
| Intangible fixed assets | 21 | - | €8,811 | +€8,811 | |
| Tangible fixed assets | 22/27 | €8,036,192 | €7,775,528 | -€260,664 | -3.2% |
| Land and buildings | 22 | €1,270,681 | €1,349,637 | +€78,956 | +6.2% |
| Plant, machinery and equipment | 23 | €5,938,396 | €5,837,250 | -€101,146 | -1.7% |
| Furniture and vehicles | 24 | €127,469 | €320,956 | +€193,487 | +152% |
| Assets under construction and advance payments | 27 | €699,647 | €267,685 | -€431,962 | -61.7% |
| Current assets | 29/58 | €7,641,971 | €7,166,979 | -€474,992 | -6.2% |
| Stocks and contracts in progress | 3 | €3,593,733 | €4,072,850 | +€479,117 | +13.3% |
| Stocks | 30/36 | €3,593,733 | €4,072,850 | +€479,117 | +13.3% |
| Raw materials and consumables | 30/31 | €2,761,482 | €3,251,417 | +€489,935 | +17.7% |
| Finished goods | 33 | €572,216 | €616,333 | +€44,117 | +7.7% |
| Goods purchased for resale | 34 | €260,035 | €205,100 | -€54,935 | -21.1% |
| Amounts receivable within one year | 40/41 | €4,028,383 | €2,756,029 | -€1.3m | -31.6% |
| Trade receivables | 40 | €3,670,522 | €2,288,038 | -€1.4m | -37.7% |
| Other amounts receivable | 41 | €357,861 | €467,990 | +€110,129 | +30.8% |
| Cash at bank and in hand | 54/58 | - | €327,466 | +€327,466 | |
| Deferred charges and accrued income | 490/1 | €19,854 | €10,635 | -€9,220 | -46.4% |
| Total equity and liabilities | 10/49 | €15,678,163 | €14,951,318 | -€726,845 | -4.6% |
| Equity | 10/15 | €2,483,182 | €3,586,211 | +€1.1m | +44.4% |
| Contributions | 10/11 | €2,250,000 | €2,250,000 | = | 0.0% |
| Capital | 10 | €2,250,000 | €2,250,000 | = | 0.0% |
| Issued capital | 100 | €2,250,000 | €2,250,000 | = | 0.0% |
| Reserves | 13 | €30,065 | €86,896 | +€56,830 | +189% |
| Non-distributable reserves | 130/1 | €25,899 | €82,729 | +€56,830 | +219% |
| Legal reserve | 130 | €25,899 | €82,729 | +€56,830 | +219% |
| Tax-exempt reserves | 132 | €4,167 | €4,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,080 | €1,096,852 | +€1.1m | +6,322% |
| Investment grants | 15 | €186,037 | €152,463 | -€33,574 | -18.0% |
| Provisions and deferred taxes | 16 | €163,795 | €169,827 | +€6,032 | +3.7% |
| Provisions for liabilities and charges | 160/5 | €163,795 | €169,827 | +€6,032 | +3.7% |
| Other liabilities and charges | 164/5 | €163,795 | €169,827 | +€6,032 | +3.7% |
| Amounts payable | 17/49 | €13,031,186 | €11,195,280 | -€1.8m | -14.1% |
| Amounts payable within one year | 42/48 | €13,031,186 | €11,179,935 | -€1.9m | -14.2% |
| Financial debts | 43 | €4,900,000 | €5,000,000 | +€100,000 | +2.0% |
| Credit institutions | 430/8 | €4,900,000 | €5,000,000 | +€100,000 | +2.0% |
| Trade debts | 44 | €2,039,335 | €2,944,029 | +€904,694 | +44.4% |
| Suppliers | 440/4 | €2,039,335 | €2,944,029 | +€904,694 | +44.4% |
| Taxes, remuneration and social security | 45 | €839,543 | €712,590 | -€126,953 | -15.1% |
| Taxes | 450/3 | €6,003 | €23,600 | +€17,597 | +293% |
| Remuneration and social security | 454/9 | €833,540 | €688,990 | -€144,550 | -17.3% |
| Other amounts payable | 47/48 | €5,252,308 | €2,523,315 | -€2.7m | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €15,345 | +€15,345 | |
| Operating income | 70/76A | €26,283,824 | €26,497,403 | +€213,580 | +0.8% |
| Turnover | 70 | €25,253,443 | €25,745,322 | +€491,879 | +1.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €149,353 | €71,121 | -€78,232 | -52.4% |
| Other operating income | 74 | €881,028 | €680,961 | -€200,067 | -22.7% |
| Operating charges | 60/66A | €25,737,481 | €25,263,064 | -€474,418 | -1.8% |
| Goods for resale, raw materials and consumables | 60 | €15,544,824 | €15,636,927 | +€92,103 | +0.6% |
| Purchases | 600/8 | €15,153,546 | €15,986,292 | +€832,746 | +5.5% |
| Change in stocks: decrease (increase) | 609 | €391,278 | -€349,365 | -€740,643 | |
| Services and other goods | 61 | €3,557,750 | €3,078,282 | -€479,468 | -13.5% |
| Remuneration, social security and pensions | 62 | €5,562,874 | €5,468,326 | -€94,547 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €928,912 | €1,013,834 | +€84,922 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€61,514 | -€58,631 | +€2,882 | +4.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€58,831 | €6,032 | +€64,863 | |
| Other operating charges | 640/8 | €101,669 | €117,236 | +€15,568 | +15.3% |
| Non-recurring operating charges | 66A | €161,798 | €1,057 | -€160,741 | -99.3% |
| Operating profit (loss) | 9901 | €546,342 | €1,234,339 | +€687,997 | +126% |
| Financial income | 75/76B | €134,893 | €199,963 | +€65,070 | +48.2% |
| Recurring financial income | 75 | €134,893 | €65,185 | -€69,707 | -51.7% |
| Income from current assets | 751 | €66,201 | €1,866 | -€64,335 | -97.2% |
| Other financial income | 752/9 | €68,692 | €63,319 | -€5,372 | -7.8% |
| Non-recurring financial income | 76B | - | €134,778 | +€134,778 | |
| Financial charges | 65/66B | €162,524 | €277,104 | +€114,580 | +70.5% |
| Recurring financial charges | 65 | €162,524 | €277,104 | +€114,580 | +70.5% |
| Debt charges | 650 | €153,621 | €270,974 | +€117,354 | +76.4% |
| Other financial charges | 652/9 | €8,904 | €6,130 | -€2,774 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €518,711 | €1,157,198 | +€638,487 | +123% |
| Income taxes | 67/77 | €5,620 | €20,595 | +€14,975 | +266% |
| Taxes | 670/3 | €5,620 | €26,598 | +€20,978 | +373% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,003 | +€6,003 | |
| Profit (loss) for the period | 9904 | €513,091 | €1,136,603 | +€623,512 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €513,091 | €1,136,603 | +€623,512 | +122% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.