KEY-INSUR: 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.
KEY-INSUR
Largest movements
- Cash +€20,098
up €20,098 (+32.8%), from €61,224 to €81,323
mainly Net result for the year (+€17,408) and Tax, wage and social debts (+€3,734)
- Receivables within one year -€3,316
down €3,316 (-28.2%), from €11,767 to €8,451
of which Other amounts receivable: -€4,065
- Reserves +€10,210
up €10,210 (+21.7%), from €47,000 to €57,210
- Tax, wage and social debts +€3,734
up €3,734 (+65.7%), from €5,686 to €9,420
of which Taxes: +€3,734
- Other debts +€1,418
up €1,418 (+25.4%), from €5,580 to €6,998
- Trade debts +€1,390
up €1,390 (+166%), from €840 to €2,231
- Gross operating margin -€2,860
down €2,860 (-9.8%), from €29,108 to €26,248
- Taxes +€603
up €603 (+9.4%), from €6,391 to €6,994
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,291 | €95,266 | +€16,975 | +21.7% |
| Fixed assets | 21/28 | €4,581 | €4,618 | +€37 | +0.8% |
| Tangible fixed assets | 22/27 | €4,581 | €4,618 | +€37 | +0.8% |
| Furniture and vehicles | 24 | €286 | €874 | +€589 | +206% |
| Other tangible fixed assets | 26 | €4,296 | €3,744 | -€552 | -12.8% |
| Current assets | 29/58 | €73,710 | €90,648 | +€16,938 | +23.0% |
| Amounts receivable within one year | 40/41 | €11,767 | €8,451 | -€3,316 | -28.2% |
| Trade receivables | 40 | €7,632 | €8,381 | +€749 | +9.8% |
| Other amounts receivable | 41 | €4,136 | €71 | -€4,065 | -98.3% |
| Cash at bank and in hand | 54/58 | €61,224 | €81,323 | +€20,098 | +32.8% |
| Deferred charges and accrued income | 490/1 | €718 | €874 | +€156 | +21.7% |
| Total equity and liabilities | 10/49 | €78,291 | €95,266 | +€16,975 | +21.7% |
| Equity | 10/15 | €65,803 | €76,236 | +€10,433 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,000 | €57,210 | +€10,210 | +21.7% |
| Distributable reserves | 133 | €47,000 | €57,210 | +€10,210 | +21.7% |
| Profit (loss) carried forward | 14 | €203 | €426 | +€223 | +110% |
| Amounts payable | 17/49 | €12,489 | €19,031 | +€6,542 | +52.4% |
| Amounts payable within one year | 42/48 | €12,481 | €19,023 | +€6,542 | +52.4% |
| Financial debts | 43 | €375 | €375 | = | 0.0% |
| Credit institutions | 430/8 | €375 | €375 | = | 0.0% |
| Trade debts | 44 | €840 | €2,231 | +€1,390 | +166% |
| Suppliers | 440/4 | €840 | €2,231 | +€1,390 | +166% |
| Taxes, remuneration and social security | 45 | €5,686 | €9,420 | +€3,734 | +65.7% |
| Taxes | 450/3 | €3,186 | €6,920 | +€3,734 | +117% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €5,580 | €6,998 | +€1,418 | +25.4% |
| Accrued charges and deferred income | 492/3 | €7 | €7 | +€0 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616 | €720 | +€104 | +16.9% |
| Other operating charges | 640/8 | €357 | €367 | +€10 | +2.8% |
| Gross operating margin | 9900 | €29,108 | €26,248 | -€2,860 | -9.8% |
| Operating profit (loss) | 9901 | €28,135 | €25,161 | -€2,974 | -10.6% |
| Financial income | 75/76B | €130 | €405 | +€275 | +212% |
| Recurring financial income | 75 | €130 | €405 | +€275 | +212% |
| Financial charges | 65/66B | €1,020 | €1,163 | +€144 | +14.1% |
| Recurring financial charges | 65 | €1,020 | €1,163 | +€144 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €27,245 | €24,402 | -€2,843 | -10.4% |
| Income taxes | 67/77 | €6,391 | €6,994 | +€603 | +9.4% |
| Profit (loss) for the period | 9904 | €20,854 | €17,408 | -€3,446 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,854 | €17,408 | -€3,446 | -16.5% |
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 29 October 2026 via checked.be.