KEY4MORE: 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.
KEY4MORE
Largest movements
- Cash +€56,116
up €56,116 (+47.6%), from €117,868 to €173,984
mainly Net result for the year (+€102,933) and Tax, wage and social debts (+€10,896)
- Receivables within one year +€42,833
up €42,833 (+50.1%), from €85,512 to €128,344
of which Other amounts receivable: +€41,960
- Profit (loss) carried forward +€102,933
up €102,933 (+76.1%), from €135,265 to €238,197
- Tax, wage and social debts +€10,896
up €10,896 (+17.7%), from €61,689 to €72,585
of which Taxes: +€22,896
- Trade debts -€10,451
down €10,451 (-99.7%), from €10,487 to €36
- Other debts -€4,429
down €4,429 (-100%), from €4,429 to €0
- Gross operating margin -€75,102
down €75,102 (-43.1%), from €174,237 to €99,135
- Financial income +€23,511
up €23,511 (+1,578%), from €1,490 to €25,001
- Taxes -€18,877
down €18,877 (-47.9%), from €39,440 to €20,564
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 | €214,870 | €313,818 | +€98,949 | +46.1% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €204,870 | €303,818 | +€98,949 | +48.3% |
| Amounts receivable within one year | 40/41 | €85,512 | €128,344 | +€42,833 | +50.1% |
| Trade receivables | 40 | €20,512 | €21,384 | +€872 | +4.3% |
| Other amounts receivable | 41 | €65,000 | €106,960 | +€41,960 | +64.6% |
| Cash at bank and in hand | 54/58 | €117,868 | €173,984 | +€56,116 | +47.6% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,490 | = | 0.0% |
| Total equity and liabilities | 10/49 | €214,870 | €313,818 | +€98,949 | +46.1% |
| Equity | 10/15 | €138,265 | €241,197 | +€102,933 | +74.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,265 | €238,197 | +€102,933 | +76.1% |
| Amounts payable | 17/49 | €76,605 | €72,621 | -€3,984 | -5.2% |
| Amounts payable within one year | 42/48 | €76,605 | €72,621 | -€3,984 | -5.2% |
| Trade debts | 44 | €10,487 | €36 | -€10,451 | -99.7% |
| Suppliers | 440/4 | €10,487 | €36 | -€10,451 | -99.7% |
| Taxes, remuneration and social security | 45 | €61,689 | €72,585 | +€10,896 | +17.7% |
| Taxes | 450/3 | €49,689 | €72,585 | +€22,896 | +46.1% |
| Remuneration and social security | 454/9 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts payable | 47/48 | €4,429 | €0 | -€4,429 | -100% |
| Other operating charges | 640/8 | €919 | €462 | -€457 | -49.7% |
| Gross operating margin | 9900 | €174,237 | €99,135 | -€75,102 | -43.1% |
| Operating profit (loss) | 9901 | €173,318 | €98,673 | -€74,645 | -43.1% |
| Financial income | 75/76B | €1,490 | €25,001 | +€23,511 | +1,578% |
| Recurring financial income | 75 | €1,490 | €25,001 | +€23,511 | +1,578% |
| Financial charges | 65/66B | €103 | €178 | +€75 | +73.0% |
| Recurring financial charges | 65 | €103 | €178 | +€75 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €174,705 | €123,496 | -€51,209 | -29.3% |
| Income taxes | 67/77 | €39,440 | €20,564 | -€18,877 | -47.9% |
| Profit (loss) for the period | 9904 | €135,265 | €102,933 | -€32,332 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,265 | €102,933 | -€32,332 | -23.9% |
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 24 October 2026 via checked.be.