Key Technology: 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 Technology
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€210,183
2023 · €320,716-€110,533
Equity
€2.3m
2023 · €2.1m+€210,183
Cash
€448,007
2023 · €331,563+€116,444
Balance sheet total
€4.1m
2023 · €3.7m+€482,333
Largest movements
Assets
- Receivables within one year +€537,486
up €537,486 (+19.5%), from €2.8m to €3.3m
of which Other amounts receivable: +€603,699
- Deferred charges and accrued income -€150,313
down €150,313 (-93.3%), from €161,184 to €10,871
- Cash +€116,444
up €116,444 (+35.1%), from €331,563 to €448,007
mainly Trade debts (+€335,511) and Net result for the year (+€210,183)
Equity and liabilities
- Trade debts +€335,511
up €335,511 (+264.1%), from €127,051 to €462,562
- Profit (loss) carried forward +€210,183
up €210,183 (+17.8%), from -€1.2m to -€969,412
- Accrued charges and deferred income -€79,214
down €79,214 (-100.0%), from €79,214 to €0
- Tax, wage and social debts +€47,759
up €47,759 (+3.8%), from €1.2m to €1.3m
of which Remuneration and social security: +€200,253
Income statement
- Gross operating margin +€5.6m
new in 2024: €5.6m
- Services and other goods -€2.7m
no longer reported in 2024 (was €2.7m)
- Goods and materials -€1.1m
no longer reported in 2024 (was €1.1m)
of which Purchases: -€1.2m
- Turnover -€490,300
down €490,300 (-4.9%), from €10.0m to €9.5m
- Staff costs -€347,292
down €347,292 (-6.3%), from €5.5m to €5.1m
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
€320,716
Turnover
-€490,300
Other operating income
-€257
Goods and materials
+€1.1m
Services and other goods
+€2.7m
Staff costs
+€347,292
Depreciation
-€9,549
Other operating charges
+€975
Other operating items
-€3.9m
Financial income
-€36
Financial charges
-€7,773
Taxes
+€148,841
Result 2024
€210,183
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
+€178,944
Investment
-€62,500
Financing
-€0
Cash 2023
€331,563
From operations (derived)
+€178,944
Net result for the year
+€210,183
Depreciation
+€83,783
Receivables within one year
-€537,486
Deferred charges and accrued income
+€150,313
Trade debts
+€335,511
Tax, wage and social debts
+€47,759
Other debts
-€31,906
Accrued charges and deferred income
-€79,214
Investment (derived)
-€62,500
Investment in fixed assets (net)
-€62,500
Financing
-€0
Contributions, distributions and other
-€0
Cash 2024
€448,007
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,658,017 | €4,140,349 | +€482,333 | +13.2% |
| Fixed assets | 21/28 | €403,546 | €382,263 | -€21,283 | -5.3% |
| Tangible fixed assets | 22/27 | €392,521 | €371,238 | -€21,283 | -5.4% |
| Plant, machinery and equipment | 23 | €49,742 | €37,190 | -€12,552 | -25.2% |
| Furniture and vehicles | 24 | €68,624 | €52,772 | -€15,852 | -23.1% |
| Other tangible fixed assets | 26 | €263,797 | €260,997 | -€2,800 | -1.1% |
| Assets under construction and advance payments | 27 | €10,358 | €20,279 | +€9,921 | +95.8% |
| Financial fixed assets | 28 | €11,025 | €11,025 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,025 | - | -€11,025 | |
| Amounts receivable and cash guarantees | 285/8 | €11,025 | - | -€11,025 | |
| Current assets | 29/58 | €3,254,471 | €3,758,087 | +€503,616 | +15.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Raw materials and consumables | 30/31 | €0 | - | = | |
| Work in progress | 32 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,761,724 | €3,299,209 | +€537,486 | +19.5% |
| Trade receivables | 40 | €77,615 | €11,401 | -€66,214 | -85.3% |
| Other amounts receivable | 41 | €2,684,108 | €3,287,808 | +€603,699 | +22.5% |
| Cash at bank and in hand | 54/58 | €331,563 | €448,007 | +€116,444 | +35.1% |
| Deferred charges and accrued income | 490/1 | €161,184 | €10,871 | -€150,313 | -93.3% |
| Total equity and liabilities | 10/49 | €3,658,017 | €4,140,349 | +€482,333 | +13.2% |
| Equity | 10/15 | €2,081,907 | €2,292,090 | +€210,183 | +10.1% |
| Contributions | 10/11 | €3,240,002 | €3,240,002 | = | 0.0% |
| Capital | 10 | €3,240,002 | €3,240,002 | = | 0.0% |
| Issued capital | 100 | €3,240,002 | €3,240,002 | = | 0.0% |
| Reserves | 13 | €21,500 | €21,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,500 | €21,500 | = | 0.0% |
| Legal reserve | 130 | €21,500 | €21,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,179,595 | -€969,412 | +€210,183 | +17.8% |
| Amounts payable | 17/49 | €1,576,110 | €1,848,259 | +€272,149 | +17.3% |
| Amounts payable within one year | 42/48 | €1,496,895 | €1,848,259 | +€351,364 | +23.5% |
| Trade debts | 44 | €127,051 | €462,562 | +€335,511 | +264.1% |
| Suppliers | 440/4 | €127,051 | €462,562 | +€335,511 | +264.1% |
| Taxes, remuneration and social security | 45 | €1,247,324 | €1,295,083 | +€47,759 | +3.8% |
| Taxes | 450/3 | €341,058 | €188,564 | -€152,494 | -44.7% |
| Remuneration and social security | 454/9 | €906,266 | €1,106,519 | +€200,253 | +22.1% |
| Other amounts payable | 47/48 | €122,521 | €90,614 | -€31,906 | -26.0% |
| Accrued charges and deferred income | 492/3 | €79,214 | €0 | -€79,214 | -100.0% |
| Operating income | 70/76A | €10,019,022 | - | -€10.0m | |
| Turnover | 70 | €10,018,765 | €9,528,465 | -€490,300 | -4.9% |
| Other operating income | 74 | €257 | - | -€257 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €9,422,157 | - | -€9.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,031,804 | +€4.0m | |
| Goods for resale, raw materials and consumables | 60 | €1,127,931 | - | -€1.1m | |
| Purchases | 600/8 | €1,204,277 | - | -€1.2m | |
| Change in stocks: decrease (increase) | 609 | -€76,346 | - | +€76,346 | |
| Services and other goods | 61 | €2,712,070 | - | -€2.7m | |
| Remuneration, social security and pensions | 62 | €5,483,834 | €5,136,541 | -€347,292 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,234 | €83,783 | +€9,549 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €20,474 | €19,499 | -€975 | -4.8% |
| Non-recurring operating charges | 66A | €3,614 | €0 | -€3,614 | -100.0% |
| Gross operating margin | 9900 | - | €5,585,124 | +€5.6m | |
| Operating profit (loss) | 9901 | €596,865 | €345,301 | -€251,565 | -42.1% |
| Financial income | 75/76B | €37 | €1 | -€36 | -97.6% |
| Recurring financial income | 75 | €37 | €1 | -€36 | -97.6% |
| Other financial income | 752/9 | €37 | - | -€37 | |
| Financial charges | 65/66B | €6,109 | €13,882 | +€7,773 | +127.2% |
| Recurring financial charges | 65 | €6,109 | €13,882 | +€7,773 | +127.2% |
| Other financial charges | 652/9 | €6,109 | - | -€6,109 | |
| Profit (loss) for the period before taxes | 9903 | €590,793 | €331,420 | -€259,374 | -43.9% |
| Income taxes | 67/77 | €270,077 | €121,236 | -€148,841 | -55.1% |
| Taxes | 670/3 | €270,077 | - | -€270,077 | |
| Profit (loss) for the period | 9904 | €320,716 | €210,183 | -€110,533 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €320,716 | €210,183 | -€110,533 | -34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.