Keyboard Warrior: 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.
Keyboard Warrior
Largest movements
- Cash -€82,993
down €82,993 (-36.5%), from €227,442 to €144,449
mainly Contributions, distributions and other (-€177,878) and Investment in fixed assets (net) (-€1,807)
- Receivables within one year -€7,595
down €7,595 (-18.6%), from €40,840 to €33,245
of which Other amounts receivable: -€7,498
- Reserves -€94,343
down €94,343 (-36.2%), from €260,540 to €166,197
- Other debts +€4,718
up €4,718 (+589.7%), from €800 to €5,518
- Gross operating margin -€9,788
down €9,788 (-8.4%), from €116,520 to €106,732
- Financial income -€6,678
down €6,678 (-87.0%), from €7,676 to €998
- Taxes -€3,415
down €3,415 (-13.1%), from €26,088 to €22,673
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 | €269,581 | €180,138 | -€89,443 | -33.2% |
| Fixed assets | 21/28 | €604 | €1,653 | +€1,049 | +173.7% |
| Tangible fixed assets | 22/27 | €604 | €1,653 | +€1,049 | +173.7% |
| Plant, machinery and equipment | 23 | €604 | €1,653 | +€1,049 | +173.7% |
| Current assets | 29/58 | €268,977 | €178,484 | -€90,492 | -33.6% |
| Amounts receivable within one year | 40/41 | €40,840 | €33,245 | -€7,595 | -18.6% |
| Trade receivables | 40 | €32,057 | €31,959 | -€97 | -0.3% |
| Other amounts receivable | 41 | €8,784 | €1,286 | -€7,498 | -85.4% |
| Cash at bank and in hand | 54/58 | €227,442 | €144,449 | -€82,993 | -36.5% |
| Deferred charges and accrued income | 490/1 | €694 | €790 | +€96 | +13.8% |
| Total equity and liabilities | 10/49 | €269,581 | €180,138 | -€89,443 | -33.2% |
| Equity | 10/15 | €265,840 | €171,497 | -€94,343 | -35.5% |
| Contributions | 10/11 | €5,300 | €5,300 | = | 0.0% |
| Reserves | 13 | €260,540 | €166,197 | -€94,343 | -36.2% |
| Distributable reserves | 133 | €260,540 | €166,197 | -€94,343 | -36.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,741 | €8,640 | +€4,900 | +131.0% |
| Amounts payable within one year | 42/48 | €3,741 | €8,640 | +€4,900 | +131.0% |
| Trade debts | 44 | €1,111 | €1,401 | +€289 | +26.0% |
| Suppliers | 440/4 | €1,111 | €1,401 | +€289 | +26.0% |
| Taxes, remuneration and social security | 45 | €1,829 | €1,722 | -€107 | -5.9% |
| Taxes | 450/3 | €1,829 | €1,722 | -€107 | -5.9% |
| Other amounts payable | 47/48 | €800 | €5,518 | +€4,718 | +589.7% |
| Non-recurring operating income | 76A | - | €7,806 | +€7,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €758 | -€482 | -38.8% |
| Other operating charges | 640/8 | €451 | €512 | +€61 | +13.5% |
| Gross operating margin | 9900 | €116,520 | €106,732 | -€9,788 | -8.4% |
| Operating profit (loss) | 9901 | €114,829 | €105,462 | -€9,368 | -8.2% |
| Financial income | 75/76B | €7,676 | €998 | -€6,678 | -87.0% |
| Recurring financial income | 75 | €7,676 | €998 | -€6,678 | -87.0% |
| Financial charges | 65/66B | €178 | €252 | +€73 | +41.1% |
| Recurring financial charges | 65 | €178 | €252 | +€73 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €122,328 | €106,208 | -€16,119 | -13.2% |
| Income taxes | 67/77 | €26,088 | €22,673 | -€3,415 | -13.1% |
| Profit (loss) for the period | 9904 | €96,240 | €83,535 | -€12,705 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,240 | €83,535 | -€12,705 | -13.2% |
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 12 October 2026 via checked.be.