KEYA: 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.
KEYA
Largest movements
- Cash +€96,087
up €96,087 (+82.4%), from €116,587 to €212,674
mainly Net result for the year (+€87,874) and Tax, wage and social debts (+€10,706)
- Reserves +€87,874
up €87,874 (+78.3%), from €112,160 to €200,033
- Tax, wage and social debts +€10,706
up €10,706 (+45.2%), from €23,673 to €34,379
- Gross operating margin +€27,496
up €27,496 (+33.0%), from €83,384 to €110,880
- Taxes +€5,963
up €5,963 (+35.4%), from €16,831 to €22,794
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 | €142,398 | €240,791 | +€98,393 | +69.1% |
| Fixed assets | 21/28 | - | €1,301 | +€1,301 | |
| Tangible fixed assets | 22/27 | - | €1,301 | +€1,301 | |
| Furniture and vehicles | 24 | - | €1,301 | +€1,301 | |
| Current assets | 29/58 | €142,398 | €239,490 | +€97,092 | +68.2% |
| Amounts receivable within one year | 40/41 | €25,385 | €26,307 | +€922 | +3.6% |
| Trade receivables | 40 | €25,385 | €26,307 | +€922 | +3.6% |
| Cash at bank and in hand | 54/58 | €116,587 | €212,674 | +€96,087 | +82.4% |
| Deferred charges and accrued income | 490/1 | €426 | €509 | +€83 | +19.5% |
| Total equity and liabilities | 10/49 | €142,398 | €240,791 | +€98,393 | +69.1% |
| Equity | 10/15 | €115,160 | €203,033 | +€87,874 | +76.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €112,160 | €200,033 | +€87,874 | +78.3% |
| Distributable reserves | 133 | €112,160 | €200,033 | +€87,874 | +78.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,238 | €37,757 | +€10,519 | +38.6% |
| Amounts payable within one year | 42/48 | €27,238 | €37,757 | +€10,519 | +38.6% |
| Trade debts | 44 | €1,210 | €1,069 | -€141 | -11.6% |
| Suppliers | 440/4 | €1,210 | €1,069 | -€141 | -11.6% |
| Taxes, remuneration and social security | 45 | €23,673 | €34,379 | +€10,706 | +45.2% |
| Taxes | 450/3 | €23,673 | €34,379 | +€10,706 | +45.2% |
| Other amounts payable | 47/48 | €2,355 | €2,309 | -€46 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €429 | +€429 | |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €83,384 | €110,880 | +€27,496 | +33.0% |
| Operating profit (loss) | 9901 | €83,320 | €110,385 | +€27,065 | +32.5% |
| Financial income | 75/76B | €355 | €470 | +€114 | +32.2% |
| Recurring financial income | 75 | €355 | €470 | +€114 | +32.2% |
| Financial charges | 65/66B | €69 | €187 | +€118 | +171.0% |
| Recurring financial charges | 65 | €69 | €187 | +€118 | +171.0% |
| Profit (loss) for the period before taxes | 9903 | €83,607 | €110,668 | +€27,061 | +32.4% |
| Income taxes | 67/77 | €16,831 | €22,794 | +€5,963 | +35.4% |
| Profit (loss) for the period | 9904 | €66,776 | €87,874 | +€21,098 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,776 | €87,874 | +€21,098 | +31.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.