KeyaK: 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.
KeyaK
Largest movements
- Cash +€48,515
up €48,515 (+77.9%), from €62,281 to €110,796
mainly Net result for the year (+€40,879) and Receivables within one year (+€11,819)
- Receivables within one year -€11,819
down €11,819 (-34.9%), from €33,861 to €22,043
of which Trade receivables: -€26,675
- Tangible fixed assets -€11,672
down €11,672 (-65.9%), from €17,706 to €6,033
- Reserves +€40,879
up €40,879 (+52.4%), from €77,978 to €118,856
- Tax, wage and social debts -€14,963
down €14,963 (-51.2%), from €29,223 to €14,260
of which Taxes: -€14,984
- Gross operating margin -€27,188
down €27,188 (-30.1%), from €90,399 to €63,211
- Taxes -€5,059
down €5,059 (-30.2%), from €16,736 to €11,677
- Financial income +€978
up €978 (+358.5%), from €273 to €1,251
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 | €116,831 | €142,345 | +€25,513 | +21.8% |
| Fixed assets | 21/28 | €17,706 | €6,033 | -€11,672 | -65.9% |
| Tangible fixed assets | 22/27 | €17,706 | €6,033 | -€11,672 | -65.9% |
| Furniture and vehicles | 24 | €17,706 | €6,033 | -€11,672 | -65.9% |
| Current assets | 29/58 | €99,126 | €136,311 | +€37,186 | +37.5% |
| Amounts receivable within one year | 40/41 | €33,861 | €22,043 | -€11,819 | -34.9% |
| Trade receivables | 40 | €27,988 | €1,313 | -€26,675 | -95.3% |
| Other amounts receivable | 41 | €5,873 | €20,730 | +€14,856 | +253.0% |
| Cash at bank and in hand | 54/58 | €62,281 | €110,796 | +€48,515 | +77.9% |
| Deferred charges and accrued income | 490/1 | €2,984 | €3,473 | +€489 | +16.4% |
| Total equity and liabilities | 10/49 | €116,831 | €142,345 | +€25,513 | +21.8% |
| Equity | 10/15 | €82,978 | €123,856 | +€40,879 | +49.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,978 | €118,856 | +€40,879 | +52.4% |
| Distributable reserves | 133 | €77,978 | €118,856 | +€40,879 | +52.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €33,854 | €18,488 | -€15,366 | -45.4% |
| Amounts payable within one year | 42/48 | €33,852 | €18,455 | -€15,396 | -45.5% |
| Financial debts | 43 | €1,313 | €169 | -€1,144 | -87.1% |
| Other loans | 439 | €1,313 | €169 | -€1,144 | -87.1% |
| Trade debts | 44 | €3,316 | €4,026 | +€710 | +21.4% |
| Suppliers | 440/4 | €3,316 | €4,026 | +€710 | +21.4% |
| Taxes, remuneration and social security | 45 | €29,223 | €14,260 | -€14,963 | -51.2% |
| Taxes | 450/3 | €26,607 | €11,623 | -€14,984 | -56.3% |
| Remuneration and social security | 454/9 | €2,616 | €2,637 | +€21 | +0.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2 | €33 | +€31 | +1443.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,672 | €11,672 | -€0 | 0.0% |
| Other operating charges | 640/8 | €182 | €168 | -€15 | -8.0% |
| Gross operating margin | 9900 | €90,399 | €63,211 | -€27,188 | -30.1% |
| Operating profit (loss) | 9901 | €78,544 | €51,371 | -€27,174 | -34.6% |
| Financial income | 75/76B | €273 | €1,251 | +€978 | +358.5% |
| Recurring financial income | 75 | €273 | €1,251 | +€978 | +358.5% |
| Financial charges | 65/66B | €146 | €65 | -€81 | -55.3% |
| Recurring financial charges | 65 | €146 | €65 | -€81 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €78,671 | €52,556 | -€26,115 | -33.2% |
| Income taxes | 67/77 | €16,736 | €11,677 | -€5,059 | -30.2% |
| Profit (loss) for the period | 9904 | €61,935 | €40,879 | -€21,056 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,935 | €40,879 | -€21,056 | -34.0% |
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 7 October 2026 via checked.be.