KEY SYSTEMS SOLUTIONS: 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 SYSTEMS SOLUTIONS
Largest movements
- Receivables within one year +€40,142
up €40,142 (+14.3%), from €279,912 to €320,054
of which Other amounts receivable: +€136,914
- Cash -€38,799
down €38,799 (-55.7%), from €69,653 to €30,854
mainly Advances received (-€90,906) and Receivables within one year (-€40,142)
- Tangible fixed assets -€19,086
down €19,086 (-21.7%), from €87,900 to €68,814
of which Furniture and vehicles: -€19,086
- Advances received -€90,906
down €90,906 (-60.2%), from €150,906 to €60,000
- Reserves +€54,496
up €54,496 (+13.6%), from €401,859 to €456,355
of which Distributable reserves: +€54,496
- Current portion of long-term debt -€25,715
down €25,715 (-27.3%), from €94,244 to €68,530
- Tax, wage and social debts +€22,287
up €22,287 (+22.8%), from €97,782 to €120,069
- Debts after one year +€20,910
up €20,910 (+13.1%), from €159,531 to €180,441
- Taxes +€76,387
up €76,387 (+288.3%), from €26,492 to €102,879
- Gross operating margin +€66,574
up €66,574 (+46.5%), from €143,266 to €209,839
- Depreciation +€6,801
up €6,801 (+22.3%), from €30,504 to €37,306
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 | €951,990 | €929,537 | -€22,453 | -2.4% |
| Fixed assets | 21/28 | €595,223 | €576,137 | -€19,086 | -3.2% |
| Tangible fixed assets | 22/27 | €87,900 | €68,814 | -€19,086 | -21.7% |
| Furniture and vehicles | 24 | €83,100 | €64,014 | -€19,086 | -23.0% |
| Assets under construction and advance payments | 27 | €4,800 | €4,800 | = | 0.0% |
| Financial fixed assets | 28 | €507,323 | €507,323 | = | 0.0% |
| Current assets | 29/58 | €356,767 | €353,400 | -€3,367 | -0.9% |
| Amounts receivable within one year | 40/41 | €279,912 | €320,054 | +€40,142 | +14.3% |
| Trade receivables | 40 | €177,571 | €80,799 | -€96,772 | -54.5% |
| Other amounts receivable | 41 | €102,341 | €239,255 | +€136,914 | +133.8% |
| Cash at bank and in hand | 54/58 | €69,653 | €30,854 | -€38,799 | -55.7% |
| Deferred charges and accrued income | 490/1 | €7,203 | €2,492 | -€4,710 | -65.4% |
| Total equity and liabilities | 10/49 | €951,990 | €929,537 | -€22,453 | -2.4% |
| Equity | 10/15 | €365,102 | €419,598 | +€54,496 | +14.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €401,859 | €456,355 | +€54,496 | +13.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €454,496 | +€54,496 | +13.6% |
| Profit (loss) carried forward | 14 | -€42,955 | -€42,955 | = | 0.0% |
| Amounts payable | 17/49 | €586,889 | €509,940 | -€76,949 | -13.1% |
| Amounts payable after more than one year | 17 | €159,531 | €180,441 | +€20,910 | +13.1% |
| Financial debts | 170/4 | €159,531 | €180,441 | +€20,910 | +13.1% |
| Amounts payable within one year | 42/48 | €427,357 | €329,498 | -€97,859 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €94,244 | €68,530 | -€25,715 | -27.3% |
| Trade debts | 44 | €84,425 | €80,900 | -€3,524 | -4.2% |
| Suppliers | 440/4 | €84,425 | €80,900 | -€3,524 | -4.2% |
| Advances received on contracts in progress | 46 | €150,906 | €60,000 | -€90,906 | -60.2% |
| Taxes, remuneration and social security | 45 | €97,782 | €120,069 | +€22,287 | +22.8% |
| Taxes | 450/3 | €97,782 | €120,069 | +€22,287 | +22.8% |
| Non-recurring operating income | 76A | - | €3,773 | +€3,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,504 | €37,306 | +€6,801 | +22.3% |
| Other operating charges | 640/8 | €1,227 | €2,629 | +€1,402 | +114.3% |
| Gross operating margin | 9900 | €143,266 | €209,839 | +€66,574 | +46.5% |
| Operating profit (loss) | 9901 | €111,535 | €169,905 | +€58,370 | +52.3% |
| Financial income | 75/76B | €438 | €320 | -€118 | -27.0% |
| Recurring financial income | 75 | €438 | €320 | -€118 | -27.0% |
| Financial charges | 65/66B | €11,322 | €12,850 | +€1,528 | +13.5% |
| Recurring financial charges | 65 | €11,322 | €12,850 | +€1,528 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €100,651 | €157,375 | +€56,724 | +56.4% |
| Income taxes | 67/77 | €26,492 | €102,879 | +€76,387 | +288.3% |
| Profit (loss) for the period | 9904 | €74,159 | €54,496 | -€19,663 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,159 | €54,496 | -€19,663 | -26.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.