KEYEN&FILS: 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.
KEYEN&FILS
Largest movements
- Tangible fixed assets -€13,280
down €13,280 (-59.2%), from €22,416 to €9,136
of which Furniture and vehicles: -€10,722
- Receivables within one year -€5,285
down €5,285 (-12.1%), from €43,728 to €38,443
of which Other amounts receivable: -€7,191
- Cash +€4,565
up €4,565 (+19.5%), from €23,397 to €27,961
mainly Net result for the year (+€39,503) and Depreciation (+€13,280)
- Profit (loss) carried forward +€39,503
up €39,503, from -€34,370 to €5,134
- Tax, wage and social debts -€29,462
down €29,462 (-67.2%), from €43,838 to €14,376
of which Taxes: -€17,470
- Other debts -€28,745
down €28,745 (-63.3%), from €45,421 to €16,676
- Trade debts +€12,373
up €12,373 (+74.3%), from €16,655 to €29,028
- Debts after one year -€7,566
down €7,566 (-47.4%), from €15,978 to €8,411
- Turnover +€351,426
new in 2025: €351,426
- Purchases and services +€254,180
new in 2025: €254,180
- Gross operating margin +€69,799
up €69,799 (+141%), from €49,635 to €119,434
- Staff costs +€11,500
up €11,500 (+22.0%), from €52,172 to €63,672
- Depreciation -€6,560
down €6,560 (-33.1%), from €19,840 to €13,280
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 | €98,740 | €84,517 | -€14,223 | -14.4% |
| Fixed assets | 21/28 | €22,416 | €9,136 | -€13,280 | -59.2% |
| Tangible fixed assets | 22/27 | €22,416 | €9,136 | -€13,280 | -59.2% |
| Land and buildings | 22 | €7,674 | €5,116 | -€2,558 | -33.3% |
| Furniture and vehicles | 24 | €14,742 | €4,020 | -€10,722 | -72.7% |
| Current assets | 29/58 | €76,324 | €75,381 | -€944 | -1.2% |
| Stocks and contracts in progress | 3 | €9,200 | €8,977 | -€223 | -2.4% |
| Stocks | 30/36 | €9,200 | €8,977 | -€223 | -2.4% |
| Amounts receivable within one year | 40/41 | €43,728 | €38,443 | -€5,285 | -12.1% |
| Trade receivables | 40 | €33,913 | €35,819 | +€1,906 | +5.6% |
| Other amounts receivable | 41 | €9,815 | €2,624 | -€7,191 | -73.3% |
| Cash at bank and in hand | 54/58 | €23,397 | €27,961 | +€4,565 | +19.5% |
| Total equity and liabilities | 10/49 | €98,740 | €84,517 | -€14,223 | -14.4% |
| Equity | 10/15 | -€31,370 | €8,134 | +€39,503 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,370 | €5,134 | +€39,503 | |
| Amounts payable | 17/49 | €130,110 | €76,383 | -€53,727 | -41.3% |
| Amounts payable after more than one year | 17 | €15,978 | €8,411 | -€7,566 | -47.4% |
| Financial debts | 170/4 | €15,978 | €8,411 | -€7,566 | -47.4% |
| Amounts payable within one year | 42/48 | €114,122 | €67,585 | -€46,536 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €8,208 | €7,506 | -€703 | -8.6% |
| Trade debts | 44 | €16,655 | €29,028 | +€12,373 | +74.3% |
| Suppliers | 440/4 | €16,655 | €29,028 | +€12,373 | +74.3% |
| Taxes, remuneration and social security | 45 | €43,838 | €14,376 | -€29,462 | -67.2% |
| Taxes | 450/3 | €18,541 | €1,072 | -€17,470 | -94.2% |
| Remuneration and social security | 454/9 | €25,297 | €13,304 | -€11,993 | -47.4% |
| Other amounts payable | 47/48 | €45,421 | €16,676 | -€28,745 | -63.3% |
| Accrued charges and deferred income | 492/3 | €11 | €387 | +€376 | +3,538% |
| Turnover | 70 | - | €351,426 | +€351,426 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €254,180 | +€254,180 | |
| Remuneration, social security and pensions | 62 | €52,172 | €63,672 | +€11,500 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,840 | €13,280 | -€6,560 | -33.1% |
| Other operating charges | 640/8 | €1,766 | €773 | -€993 | -56.2% |
| Gross operating margin | 9900 | €49,635 | €119,434 | +€69,799 | +141% |
| Operating profit (loss) | 9901 | -€24,143 | €41,709 | +€65,853 | |
| Financial income | 75/76B | €4,435 | €6 | -€4,430 | -99.9% |
| Recurring financial income | 75 | €4,435 | €6 | -€4,430 | -99.9% |
| Financial charges | 65/66B | €4,223 | €2,265 | -€1,958 | -46.4% |
| Recurring financial charges | 65 | €4,223 | €2,265 | -€1,958 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,931 | €39,450 | +€63,381 | |
| Income taxes | 67/77 | €500 | -€54 | -€554 | |
| Profit (loss) for the period | 9904 | -€24,431 | €39,503 | +€63,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,431 | €39,503 | +€63,935 |
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 23 October 2026 via checked.be.