Key2party: 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.
Key2party
Largest movements
- Receivables within one year -€519,758
down €519,758 (-83.3%), from €624,150 to €104,393
of which Trade receivables: -€470,415
- Tangible fixed assets +€291,835
up €291,835 (+33.0%), from €883,873 to €1.2m
of which Plant, machinery and equipment: +€333,661
- Cash -€65,216
down €65,216 (-47.4%), from €137,658 to €72,441
mainly Net result for the year (-€606,202) and Investment in fixed assets (net) (-€554,049)
- Profit (loss) carried forward -€606,202
down €606,202, from €55,646 to -€550,557
- Debts after one year +€446,917
up €446,917 (+319%), from €140,201 to €587,119
- Other debts -€354,482
down €354,482 (-39.2%), from €905,280 to €550,798
- Trade debts +€106,275
up €106,275 (+93.2%), from €114,007 to €220,283
- Current portion of long-term debt +€103,045
up €103,045 (+279%), from €36,993 to €140,038
- Gross operating margin -€685,981
down €685,981 (-93.1%), from €736,792 to €50,811
- Depreciation +€147,226
up €147,226 (+113%), from €130,468 to €277,694
- Staff costs +€112,389
up €112,389 (+67.5%), from €166,424 to €278,813
- Other operating charges -€100,681
down €100,681 (-78.9%), from €127,547 to €26,867
- Financial charges +€28,845
up €28,845 (+70.8%), from €40,767 to €69,612
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 | €1,833,315 | €1,524,377 | -€308,938 | -16.9% |
| Fixed assets | 21/28 | €988,732 | €1,265,087 | +€276,354 | +28.0% |
| Intangible fixed assets | 21 | €81,144 | €65,664 | -€15,480 | -19.1% |
| Tangible fixed assets | 22/27 | €883,873 | €1,175,708 | +€291,835 | +33.0% |
| Plant, machinery and equipment | 23 | €705,013 | €1,038,674 | +€333,661 | +47.3% |
| Furniture and vehicles | 24 | €178,860 | €137,034 | -€41,826 | -23.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €23,715 | €23,715 | = | 0.0% |
| Current assets | 29/58 | €844,583 | €259,291 | -€585,292 | -69.3% |
| Stocks and contracts in progress | 3 | €39,248 | €50,000 | +€10,752 | +27.4% |
| Stocks | 30/36 | €39,248 | €50,000 | +€10,752 | +27.4% |
| Amounts receivable within one year | 40/41 | €624,150 | €104,393 | -€519,758 | -83.3% |
| Trade receivables | 40 | €566,593 | €96,178 | -€470,415 | -83.0% |
| Other amounts receivable | 41 | €57,558 | €8,215 | -€49,343 | -85.7% |
| Cash at bank and in hand | 54/58 | €137,658 | €72,441 | -€65,216 | -47.4% |
| Deferred charges and accrued income | 490/1 | €43,528 | €32,457 | -€11,071 | -25.4% |
| Total equity and liabilities | 10/49 | €1,833,315 | €1,524,377 | -€308,938 | -16.9% |
| Equity | 10/15 | €540,646 | -€65,557 | -€606,202 | |
| Contributions | 10/11 | €485,000 | €485,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,646 | -€550,557 | -€606,202 | |
| Amounts payable | 17/49 | €1,292,669 | €1,589,934 | +€297,265 | +23.0% |
| Amounts payable after more than one year | 17 | €140,201 | €587,119 | +€446,917 | +319% |
| Financial debts | 170/4 | €140,201 | €587,119 | +€446,917 | +319% |
| Amounts payable within one year | 42/48 | €1,152,468 | €1,002,815 | -€149,653 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €36,993 | €140,038 | +€103,045 | +279% |
| Trade debts | 44 | €114,007 | €220,283 | +€106,275 | +93.2% |
| Suppliers | 440/4 | €114,007 | €220,283 | +€106,275 | +93.2% |
| Taxes, remuneration and social security | 45 | €96,188 | €91,696 | -€4,491 | -4.7% |
| Taxes | 450/3 | €93,965 | €32,386 | -€61,580 | -65.5% |
| Remuneration and social security | 454/9 | €2,222 | €59,311 | +€57,088 | +2,569% |
| Other amounts payable | 47/48 | €905,280 | €550,798 | -€354,482 | -39.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,283 | €0 | -€1,283 | -100% |
| Remuneration, social security and pensions | 62 | €166,424 | €278,813 | +€112,389 | +67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,468 | €277,694 | +€147,226 | +113% |
| Other operating charges | 640/8 | €127,547 | €26,867 | -€100,681 | -78.9% |
| Non-recurring operating charges | 66A | €344,070 | €7,022 | -€337,048 | -98.0% |
| Gross operating margin | 9900 | €736,792 | €50,811 | -€685,981 | -93.1% |
| Operating profit (loss) | 9901 | -€31,718 | -€539,585 | -€507,867 | -1,601% |
| Financial income | 75/76B | €706 | €2,957 | +€2,251 | +319% |
| Recurring financial income | 75 | €706 | €2,957 | +€2,251 | +319% |
| Financial charges | 65/66B | €40,767 | €69,612 | +€28,845 | +70.8% |
| Recurring financial charges | 65 | €40,767 | €69,612 | +€28,845 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | -€71,779 | -€606,240 | -€534,461 | -745% |
| Income taxes | 67/77 | €676 | -€38 | -€714 | |
| Profit (loss) for the period | 9904 | -€72,455 | -€606,202 | -€533,748 | -737% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,455 | -€606,202 | -€533,748 | -737% |
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 13 October 2026 via checked.be.