KEYLO: 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.
KEYLO
Largest movements
- Deferred charges and accrued income +€9,355
new in 2025: €9,355
- Receivables within one year +€8,514
up €8,514 (+31.6%), from €26,985 to €35,500
of which Trade receivables: +€7,261
- Tangible fixed assets -€3,971
down €3,971 (-24.7%), from €16,106 to €12,135
of which Furniture and vehicles: -€5,301
- Cash -€3,482
down €3,482 (-21.3%), from €16,362 to €12,880
mainly Deferred charges and accrued income (-€9,355) and Receivables within one year (-€8,514)
- Tax, wage and social debts +€14,414
up €14,414 (+182.0%), from €7,921 to €22,335
of which Remuneration and social security: +€16,714
- Current portion of long-term debt -€3,546
no longer reported in 2025 (was €3,546)
- Other debts -€2,883
no longer reported in 2025 (was €2,883)
- Trade debts +€1,738
up €1,738 (+17.9%), from €9,729 to €11,467
of which Bills of exchange payable: +€2,532
- Purchases and services +€45,302
up €45,302 (+84.5%), from €53,641 to €98,944
- Turnover +€32,415
up €32,415 (+45.2%), from €71,759 to €104,174
- Gross operating margin -€12,637
down €12,637 (-62.0%), from €20,389 to €7,752
- Other operating charges -€2,457
down €2,457 (-85.0%), from €2,891 to €434
- Taxes -€2,337
down €2,337 (-70.1%), from €3,336 to €998
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 | €59,454 | €69,870 | +€10,416 | +17.5% |
| Fixed assets | 21/28 | €16,106 | €12,135 | -€3,971 | -24.7% |
| Tangible fixed assets | 22/27 | €16,106 | €12,135 | -€3,971 | -24.7% |
| Plant, machinery and equipment | 23 | - | €1,331 | +€1,331 | |
| Furniture and vehicles | 24 | €16,106 | €10,805 | -€5,301 | -32.9% |
| Current assets | 29/58 | €43,348 | €57,735 | +€14,387 | +33.2% |
| Amounts receivable within one year | 40/41 | €26,985 | €35,500 | +€8,514 | +31.6% |
| Trade receivables | 40 | €25,911 | €33,172 | +€7,261 | +28.0% |
| Other amounts receivable | 41 | €1,074 | €2,327 | +€1,253 | +116.6% |
| Cash at bank and in hand | 54/58 | €16,362 | €12,880 | -€3,482 | -21.3% |
| Deferred charges and accrued income | 490/1 | - | €9,355 | +€9,355 | |
| Total equity and liabilities | 10/49 | €59,454 | €69,870 | +€10,416 | +17.5% |
| Equity | 10/15 | €35,374 | €36,067 | +€694 | +2.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | €29,874 | €30,567 | +€694 | +2.3% |
| Amounts payable | 17/49 | €24,080 | €33,802 | +€9,723 | +40.4% |
| Amounts payable within one year | 42/48 | €24,080 | €33,802 | +€9,723 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €3,546 | - | -€3,546 | |
| Trade debts | 44 | €9,729 | €11,467 | +€1,738 | +17.9% |
| Suppliers | 440/4 | €1,579 | €785 | -€794 | -50.3% |
| Bills of exchange payable | 441 | €8,150 | €10,682 | +€2,532 | +31.1% |
| Taxes, remuneration and social security | 45 | €7,921 | €22,335 | +€14,414 | +182.0% |
| Taxes | 450/3 | €3,421 | €1,121 | -€2,300 | -67.2% |
| Remuneration and social security | 454/9 | €4,500 | €21,214 | +€16,714 | +371.4% |
| Other amounts payable | 47/48 | €2,883 | - | -€2,883 | |
| Turnover | 70 | €71,759 | €104,174 | +€32,415 | +45.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,641 | €98,944 | +€45,302 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,755 | €5,470 | +€715 | +15.0% |
| Other operating charges | 640/8 | €2,891 | €434 | -€2,457 | -85.0% |
| Gross operating margin | 9900 | €20,389 | €7,752 | -€12,637 | -62.0% |
| Operating profit (loss) | 9901 | €12,743 | €1,848 | -€10,894 | -85.5% |
| Financial charges | 65/66B | €153 | €156 | +€3 | +2.0% |
| Recurring financial charges | 65 | €153 | €156 | +€3 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €12,589 | €1,692 | -€10,897 | -86.6% |
| Income taxes | 67/77 | €3,336 | €998 | -€2,337 | -70.1% |
| Profit (loss) for the period | 9904 | €9,254 | €694 | -€8,560 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,254 | €694 | -€8,560 | -92.5% |
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 8 October 2026 via checked.be.