KEY GRIP SYSTEMS: 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 GRIP SYSTEMS
Largest movements
- Receivables within one year -€79,988
down €79,988 (-77.3%), from €103,469 to €23,480
of which Trade receivables: -€79,048
- Cash +€62,521
up €62,521 (+67.8%), from €92,243 to €154,764
mainly Receivables within one year (+€79,988) and Depreciation (+€14,225)
- Tax, wage and social debts -€32,704
down €32,704 (-38.8%), from €84,246 to €51,542
of which Taxes: -€33,604
- Trade debts +€12,964
up €12,964 (+57.2%), from €22,673 to €35,637
- Reserves +€9,248
up €9,248 (+11.6%), from €79,471 to €88,720
of which Distributable reserves: +€9,248
- Advances received -€8,100
no longer reported in 2025 (was €8,100)
- Depreciation -€44,470
down €44,470 (-75.8%), from €58,695 to €14,225
- Gross operating margin -€43,629
down €43,629 (-16.6%), from €263,445 to €219,815
- Staff costs +€6,880
up €6,880 (+3.8%), from €179,042 to €185,922
- Taxes -€3,640
down €3,640 (-38.2%), from €9,534 to €5,893
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 | €244,761 | €226,169 | -€18,592 | -7.6% |
| Fixed assets | 21/28 | €44,894 | €43,199 | -€1,696 | -3.8% |
| Intangible fixed assets | 21 | €99 | - | -€99 | |
| Tangible fixed assets | 22/27 | €42,770 | €41,099 | -€1,672 | -3.9% |
| Plant, machinery and equipment | 23 | €42,395 | €29,664 | -€12,730 | -30.0% |
| Furniture and vehicles | 24 | €376 | €5,250 | +€4,874 | +1296.7% |
| Other tangible fixed assets | 26 | - | €6,185 | +€6,185 | |
| Financial fixed assets | 28 | €2,025 | €2,100 | +€75 | +3.7% |
| Current assets | 29/58 | €199,867 | €182,970 | -€16,896 | -8.5% |
| Amounts receivable within one year | 40/41 | €103,469 | €23,480 | -€79,988 | -77.3% |
| Trade receivables | 40 | €102,528 | €23,480 | -€79,048 | -77.1% |
| Other amounts receivable | 41 | €941 | - | -€941 | |
| Cash at bank and in hand | 54/58 | €92,243 | €154,764 | +€62,521 | +67.8% |
| Deferred charges and accrued income | 490/1 | €4,155 | €4,726 | +€571 | +13.7% |
| Total equity and liabilities | 10/49 | €244,761 | €226,169 | -€18,592 | -7.6% |
| Equity | 10/15 | €129,742 | €138,990 | +€9,248 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,471 | €88,720 | +€9,248 | +11.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €77,471 | €86,720 | +€9,248 | +11.9% |
| Profit (loss) carried forward | 14 | €30,271 | €30,271 | = | 0.0% |
| Amounts payable | 17/49 | €115,019 | €87,179 | -€27,840 | -24.2% |
| Amounts payable within one year | 42/48 | €115,019 | €87,179 | -€27,840 | -24.2% |
| Trade debts | 44 | €22,673 | €35,637 | +€12,964 | +57.2% |
| Suppliers | 440/4 | €22,673 | €35,637 | +€12,964 | +57.2% |
| Advances received on contracts in progress | 46 | €8,100 | - | -€8,100 | |
| Taxes, remuneration and social security | 45 | €84,246 | €51,542 | -€32,704 | -38.8% |
| Taxes | 450/3 | €60,520 | €26,916 | -€33,604 | -55.5% |
| Remuneration and social security | 454/9 | €23,726 | €24,625 | +€899 | +3.8% |
| Non-recurring operating income | 76A | €12,500 | - | -€12,500 | |
| Remuneration, social security and pensions | 62 | €179,042 | €185,922 | +€6,880 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,695 | €14,225 | -€44,470 | -75.8% |
| Other operating charges | 640/8 | €1,545 | €1,669 | +€123 | +8.0% |
| Gross operating margin | 9900 | €263,445 | €219,815 | -€43,629 | -16.6% |
| Operating profit (loss) | 9901 | €24,163 | €18,000 | -€6,163 | -25.5% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.3% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.3% |
| Financial charges | 65/66B | €2,306 | €2,858 | +€552 | +24.0% |
| Recurring financial charges | 65 | €2,306 | €2,858 | +€552 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €21,864 | €15,142 | -€6,723 | -30.7% |
| Income taxes | 67/77 | €9,534 | €5,893 | -€3,640 | -38.2% |
| Profit (loss) for the period | 9904 | €12,331 | €9,248 | -€3,082 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,331 | €9,248 | -€3,082 | -25.0% |
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 8 October 2026 via checked.be.