KEY GRIP SYSTEMS DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Tangible fixed assets +€784,574
up €784,574 (+723.9%), from €108,380 to €892,954
of which Land and buildings: +€753,890
- Cash -€659,270
down €659,270 (-77.1%), from €854,893 to €195,622
mainly Investment in fixed assets (net) (-€774,111) and Other debts (-€354,187)
- Receivables after one year -€190,000
no longer reported in 2026 (was €190,000)
- Financial fixed assets -€23,514
down €23,514 (-13.5%), from €174,571 to €151,057
- Other debts -€354,187
down €354,187 (-89.6%), from €395,512 to €41,325
- Reserves +€267,233
up €267,233 (+41.9%), from €637,715 to €904,948
of which Distributable reserves: +€267,233
- Trade debts +€29,143
up €29,143 (+202.9%), from €14,364 to €43,507
- Tax, wage and social debts -€23,073
down €23,073 (-91.4%), from €25,248 to €2,175
- Gross operating margin +€373,099
up €373,099, from -€15,328 to €357,771
- Taxes +€43,915
up €43,915, from -€42 to €43,874
- Financial income +€15,151
up €15,151 (+195.3%), from €7,759 to €22,910
of which Non-recurring financial income: +€18,655
- Depreciation -€11,604
down €11,604 (-47.1%), from €24,655 to €13,051
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,370,332 | €1,286,948 | -€83,384 | -6.1% |
| Fixed assets | 21/28 | €282,950 | €1,044,011 | +€761,060 | +269.0% |
| Tangible fixed assets | 22/27 | €108,380 | €892,954 | +€784,574 | +723.9% |
| Land and buildings | 22 | €91,141 | €845,031 | +€753,890 | +827.2% |
| Plant, machinery and equipment | 23 | €17,238 | €47,923 | +€30,684 | +178.0% |
| Financial fixed assets | 28 | €174,571 | €151,057 | -€23,514 | -13.5% |
| Current assets | 29/58 | €1,087,382 | €242,938 | -€844,444 | -77.7% |
| Amounts receivable after more than one year | 29 | €190,000 | - | -€190,000 | |
| Other amounts receivable | 291 | €190,000 | - | -€190,000 | |
| Amounts receivable within one year | 40/41 | €38,906 | €47,315 | +€8,409 | +21.6% |
| Trade receivables | 40 | €1,924 | €9,184 | +€7,260 | +377.3% |
| Other amounts receivable | 41 | €36,982 | €38,131 | +€1,149 | +3.1% |
| Cash at bank and in hand | 54/58 | €854,893 | €195,622 | -€659,270 | -77.1% |
| Deferred charges and accrued income | 490/1 | €3,583 | - | -€3,583 | |
| Total equity and liabilities | 10/49 | €1,370,332 | €1,286,948 | -€83,384 | -6.1% |
| Equity | 10/15 | €932,709 | €1,199,941 | +€267,233 | +28.7% |
| Contributions | 10/11 | €294,993 | €294,993 | = | 0.0% |
| Capital | 10 | €294,993 | €294,993 | = | 0.0% |
| Issued capital | 100 | €294,993 | €294,993 | = | 0.0% |
| Reserves | 13 | €637,715 | €904,948 | +€267,233 | +41.9% |
| Non-distributable reserves | 130/1 | €29,499 | €29,499 | = | 0.0% |
| Legal reserve | 130 | €29,499 | €29,499 | = | 0.0% |
| Distributable reserves | 133 | €608,216 | €875,449 | +€267,233 | +43.9% |
| Amounts payable | 17/49 | €437,623 | €87,007 | -€350,616 | -80.1% |
| Amounts payable within one year | 42/48 | €435,124 | €87,007 | -€348,117 | -80.0% |
| Trade debts | 44 | €14,364 | €43,507 | +€29,143 | +202.9% |
| Suppliers | 440/4 | €14,364 | €43,507 | +€29,143 | +202.9% |
| Taxes, remuneration and social security | 45 | €25,248 | €2,175 | -€23,073 | -91.4% |
| Taxes | 450/3 | €25,248 | €2,175 | -€23,073 | -91.4% |
| Other amounts payable | 47/48 | €395,512 | €41,325 | -€354,187 | -89.6% |
| Accrued charges and deferred income | 492/3 | €2,499 | - | -€2,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,655 | €13,051 | -€11,604 | -47.1% |
| Other operating charges | 640/8 | €12,175 | €12,752 | +€577 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€15,328 | €357,771 | +€373,099 | |
| Operating profit (loss) | 9901 | -€52,159 | €331,968 | +€384,126 | |
| Financial income | 75/76B | €7,759 | €22,910 | +€15,151 | +195.3% |
| Recurring financial income | 75 | €7,759 | €4,255 | -€3,503 | -45.2% |
| Non-recurring financial income | 76B | - | €18,655 | +€18,655 | |
| Financial charges | 65/66B | €956 | €271 | -€685 | -71.6% |
| Recurring financial charges | 65 | €956 | €271 | -€685 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,356 | €354,606 | +€399,963 | |
| Income taxes | 67/77 | -€42 | €43,874 | +€43,915 | |
| Profit (loss) for the period | 9904 | -€45,315 | €310,733 | +€356,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,315 | €310,733 | +€356,047 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.