KeyCoTex: 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.
KeyCoTex
Largest movements
- Tangible fixed assets -€169,644
down €169,644 (-100.0%), from €169,644 to €0
- Receivables after one year -€16,979
down €16,979 (-100.0%), from €16,979 to €0
- Receivables within one year -€12,005
down €12,005 (-65.1%), from €18,450 to €6,445
- Cash +€2,774
up €2,774 (+1180.7%), from €235 to €3,009
mainly Investment in fixed assets (net) (+€169,644) and Other debts (+€132,893)
- Debts after one year -€330,312
down €330,312 (-100.0%), from €330,312 to €0
- Other debts +€132,893
up €132,893, from €0 to €132,893
- Current portion of long-term debt -€53,397
down €53,397 (-100.0%), from €53,397 to €0
- Profit (loss) carried forward +€45,035
up €45,035 (+22.2%), from -€202,828 to -€157,793
- Trade debts +€10,013
up €10,013 (+263.9%), from €3,794 to €13,806
- Gross operating margin +€64,867
up €64,867 (+117.2%), from €55,328 to €120,195
- Depreciation -€40,686
down €40,686 (-100.0%), from €40,686 to €0
- Financial charges +€20,973
up €20,973 (+101.5%), from €20,657 to €41,630
- Taxes +€19,198
new in 2025: €19,198
- Other operating charges +€6,055
up €6,055 (+73.1%), from €8,278 to €14,333
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 | €205,307 | €9,454 | -€195,853 | -95.4% |
| Fixed assets | 21/28 | €169,644 | €0 | -€169,644 | -100.0% |
| Tangible fixed assets | 22/27 | €169,644 | €0 | -€169,644 | -100.0% |
| Land and buildings | 22 | €169,644 | €0 | -€169,644 | -100.0% |
| Current assets | 29/58 | €35,664 | €9,454 | -€26,209 | -73.5% |
| Amounts receivable after more than one year | 29 | €16,979 | €0 | -€16,979 | -100.0% |
| Other amounts receivable | 291 | €16,979 | €0 | -€16,979 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,450 | €6,445 | -€12,005 | -65.1% |
| Other amounts receivable | 41 | €18,450 | €6,445 | -€12,005 | -65.1% |
| Cash at bank and in hand | 54/58 | €235 | €3,009 | +€2,774 | +1180.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €205,307 | €9,454 | -€195,853 | -95.4% |
| Equity | 10/15 | -€183,430 | -€138,395 | +€45,035 | +24.6% |
| Contributions | 10/11 | €19,398 | €19,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,828 | -€157,793 | +€45,035 | +22.2% |
| Amounts payable | 17/49 | €388,737 | €147,850 | -€240,888 | -62.0% |
| Amounts payable after more than one year | 17 | €330,312 | €0 | -€330,312 | -100.0% |
| Financial debts | 170/4 | €330,312 | €0 | -€330,312 | -100.0% |
| Amounts payable within one year | 42/48 | €57,190 | €146,700 | +€89,510 | +156.5% |
| Current portion of amounts payable after more than one year | 42 | €53,397 | €0 | -€53,397 | -100.0% |
| Trade debts | 44 | €3,794 | €13,806 | +€10,013 | +263.9% |
| Suppliers | 440/4 | €3,794 | €13,806 | +€10,013 | +263.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €132,893 | +€132,893 | |
| Accrued charges and deferred income | 492/3 | €1,235 | €1,150 | -€85 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,686 | €0 | -€40,686 | -100.0% |
| Other operating charges | 640/8 | €8,278 | €14,333 | +€6,055 | +73.1% |
| Gross operating margin | 9900 | €55,328 | €120,195 | +€64,867 | +117.2% |
| Operating profit (loss) | 9901 | €6,364 | €105,862 | +€99,498 | +1563.3% |
| Financial income | 75/76B | €1,262 | €0 | -€1,262 | -100.0% |
| Recurring financial income | 75 | €1,262 | €0 | -€1,262 | -100.0% |
| Financial charges | 65/66B | €20,657 | €41,630 | +€20,973 | +101.5% |
| Recurring financial charges | 65 | €20,657 | €41,630 | +€20,973 | +101.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,030 | €64,232 | +€77,263 | |
| Income taxes | 67/77 | - | €19,198 | +€19,198 | |
| Profit (loss) for the period | 9904 | -€13,030 | €45,035 | +€58,065 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,030 | €45,035 | +€58,065 |
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 5 October 2026 via checked.be.