KEY PARTNER: 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.
What changed
KEY PARTNER
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€18,516
2023 · -€8,596-€9,920
Equity
€123,624
2023 · €142,140-€18,516
Cash
€2,292
2023 · €2,358-€66
Balance sheet total
€372,924
2023 · €366,526+€6,397
Largest movements
Assets
- Tangible fixed assets +€6,997
up €6,997 (+1.9%), from €360,772 to €367,769
of which Plant, machinery and equipment: +€8,313
Equity and liabilities
- Other debts +€21,441
up €21,441 (+125.0%), from €17,158 to €38,599
- Profit (loss) carried forward -€18,516
down €18,516 (-7.8%), from -€237,967 to -€256,483
Income statement
- Gross operating margin -€10,250
down €10,250, from €5,571 to -€4,678
- Financial income +€435
up €435 (+242.2%), from €179 to €614
- Other operating charges +€159
up €159 (+4.2%), from €3,829 to €3,989
From the 2023 result to the 2024 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 2023
-€8,596
Gross operating margin
-€10,250
Depreciation
-€0
Other operating charges
-€159
Financial income
+€435
Financial charges
+€55
Taxes
-€1
Result 2024
-€18,516
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€17,164
Investment
-€17,230
Financing
€0
Cash 2023
€2,358
From operations (derived)
+€17,164
Net result for the year
-€18,516
Depreciation
+€10,233
Receivables within one year
-€394
Deferred charges and accrued income
+€927
Trade debts
+€3,500
Smaller working-capital items
-€27
Other debts
+€21,441
Investment (derived)
-€17,230
Investment in fixed assets (net)
-€17,230
Cash 2024
€2,292
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,526 | €372,924 | +€6,397 | +1.7% |
| Fixed assets | 21/28 | €360,772 | €367,769 | +€6,997 | +1.9% |
| Tangible fixed assets | 22/27 | €360,772 | €367,769 | +€6,997 | +1.9% |
| Land and buildings | 22 | €314,606 | €313,589 | -€1,017 | -0.3% |
| Plant, machinery and equipment | 23 | €45,867 | €54,180 | +€8,313 | +18.1% |
| Furniture and vehicles | 24 | €299 | €0 | -€299 | -100.0% |
| Current assets | 29/58 | €5,754 | €5,155 | -€599 | -10.4% |
| Amounts receivable within one year | 40/41 | €2,469 | €2,863 | +€394 | +15.9% |
| Trade receivables | 40 | €0 | €490 | +€490 | |
| Other amounts receivable | 41 | €2,469 | €2,373 | -€97 | -3.9% |
| Cash at bank and in hand | 54/58 | €2,358 | €2,292 | -€66 | -2.8% |
| Deferred charges and accrued income | 490/1 | €927 | €0 | -€927 | -100.0% |
| Total equity and liabilities | 10/49 | €366,526 | €372,924 | +€6,397 | +1.7% |
| Equity | 10/15 | €142,140 | €123,624 | -€18,516 | -13.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €266,446 | €266,446 | = | 0.0% |
| Reserves | 13 | €51,661 | €51,661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €45,464 | €45,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,967 | -€256,483 | -€18,516 | -7.8% |
| Provisions and deferred taxes | 16 | €207,157 | €207,157 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €207,157 | €207,157 | = | 0.0% |
| Pensions and similar obligations | 160 | €207,157 | €207,157 | = | 0.0% |
| Amounts payable | 17/49 | €17,230 | €42,143 | +€24,913 | +144.6% |
| Amounts payable within one year | 42/48 | €17,161 | €42,098 | +€24,938 | +145.3% |
| Trade debts | 44 | €0 | €3,500 | +€3,500 | |
| Suppliers | 440/4 | - | €3,500 | +€3,500 | |
| Taxes, remuneration and social security | 45 | €3 | €0 | -€3 | -100.0% |
| Taxes | 450/3 | €3 | €0 | -€3 | -100.0% |
| Other amounts payable | 47/48 | €17,158 | €38,599 | +€21,441 | +125.0% |
| Accrued charges and deferred income | 492/3 | €69 | €45 | -€24 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,233 | €10,233 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,829 | €3,989 | +€159 | +4.2% |
| Gross operating margin | 9900 | €5,571 | -€4,678 | -€10,250 | |
| Operating profit (loss) | 9901 | -€8,491 | -€18,900 | -€10,409 | -122.6% |
| Financial income | 75/76B | €179 | €614 | +€435 | +242.2% |
| Recurring financial income | 75 | €179 | €614 | +€435 | +242.2% |
| Financial charges | 65/66B | €283 | €227 | -€55 | -19.6% |
| Recurring financial charges | 65 | €283 | €227 | -€55 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,594 | -€18,513 | -€9,919 | -115.4% |
| Income taxes | 67/77 | €1 | €3 | +€1 | +92.3% |
| Profit (loss) for the period | 9904 | -€8,596 | -€18,516 | -€9,920 | -115.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,596 | -€18,516 | -€9,920 | -115.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.