KEYM FINANCES: 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.
KEYM FINANCES
Largest movements
- Intangible fixed assets -€263,911
down €263,911 (-42.6%), from €619,535 to €355,624
- Tangible fixed assets -€26,997
down €26,997 (-16.9%), from €160,137 to €133,140
of which Other tangible fixed assets: -€26,693
- Cash -€13,694
down €13,694 (-83.6%), from €16,381 to €2,687
mainly Debts after one year (-€152,936) and Current portion of long-term debt (-€152,223)
- Debts after one year -€152,936
down €152,936 (-37.6%), from €407,096 to €254,160
- Current portion of long-term debt -€152,223
down €152,223 (-49.7%), from €306,372 to €154,150
- Short-term financial debts -€42,698
down €42,698 (-67.4%), from €63,360 to €20,662
of which Other loans: -€38,993
- Other debts +€38,825
up €38,825 (+23.5%), from €165,081 to €203,907
- Profit (loss) carried forward +€23,324
up €23,324 (+32.9%), from -€70,950 to -€47,626
- Gross operating margin +€26,288
up €26,288 (+2.5%), from €1.0m to €1.1m
- Staff costs -€18,885
down €18,885 (-2.7%), from €708,552 to €689,666
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 | €1,180,881 | €878,695 | -€302,187 | -25.6% |
| Fixed assets | 21/28 | €789,358 | €498,450 | -€290,908 | -36.9% |
| Intangible fixed assets | 21 | €619,535 | €355,624 | -€263,911 | -42.6% |
| Tangible fixed assets | 22/27 | €160,137 | €133,140 | -€26,997 | -16.9% |
| Furniture and vehicles | 24 | €5,200 | €4,896 | -€304 | -5.8% |
| Other tangible fixed assets | 26 | €154,937 | €128,243 | -€26,693 | -17.2% |
| Financial fixed assets | 28 | €9,686 | €9,686 | = | 0.0% |
| Current assets | 29/58 | €391,523 | €380,245 | -€11,279 | -2.9% |
| Amounts receivable within one year | 40/41 | €14,258 | €16,580 | +€2,323 | +16.3% |
| Other amounts receivable | 41 | €14,258 | €16,580 | +€2,323 | +16.3% |
| Cash at bank and in hand | 54/58 | €16,381 | €2,687 | -€13,694 | -83.6% |
| Deferred charges and accrued income | 490/1 | €360,885 | €360,978 | +€93 | 0.0% |
| Total equity and liabilities | 10/49 | €1,180,881 | €878,695 | -€302,187 | -25.6% |
| Equity | 10/15 | €29,257 | €52,582 | +€23,324 | +79.7% |
| Contributions | 10/11 | €83,671 | €83,671 | = | 0.0% |
| Reserves | 13 | €16,537 | €16,537 | = | 0.0% |
| Distributable reserves | 133 | €16,537 | €16,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,950 | -€47,626 | +€23,324 | +32.9% |
| Amounts payable | 17/49 | €1,151,624 | €826,113 | -€325,511 | -28.3% |
| Amounts payable after more than one year | 17 | €407,096 | €254,160 | -€152,936 | -37.6% |
| Financial debts | 170/4 | €407,096 | €254,160 | -€152,936 | -37.6% |
| Amounts payable within one year | 42/48 | €744,528 | €571,281 | -€173,247 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €306,372 | €154,150 | -€152,223 | -49.7% |
| Financial debts | 43 | €63,360 | €20,662 | -€42,698 | -67.4% |
| Credit institutions | 430/8 | €24,063 | €20,358 | -€3,705 | -15.4% |
| Other loans | 439 | €39,297 | €304 | -€38,993 | -99.2% |
| Trade debts | 44 | €62,289 | €51,024 | -€11,265 | -18.1% |
| Suppliers | 440/4 | €62,289 | €51,024 | -€11,265 | -18.1% |
| Taxes, remuneration and social security | 45 | €147,425 | €141,538 | -€5,887 | -4.0% |
| Taxes | 450/3 | €32,376 | €30,463 | -€1,912 | -5.9% |
| Remuneration and social security | 454/9 | €115,049 | €111,075 | -€3,975 | -3.5% |
| Other amounts payable | 47/48 | €165,081 | €203,907 | +€38,825 | +23.5% |
| Accrued charges and deferred income | 492/3 | - | €672 | +€672 | |
| Non-recurring operating income | 76A | €10,854 | €0 | -€10,854 | -100.0% |
| Remuneration, social security and pensions | 62 | €708,552 | €689,666 | -€18,885 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298,231 | €293,148 | -€5,083 | -1.7% |
| Other operating charges | 640/8 | €10,700 | €7,287 | -€3,413 | -31.9% |
| Non-recurring operating charges | 66A | €2,491 | €0 | -€2,491 | -100.0% |
| Gross operating margin | 9900 | €1,031,309 | €1,057,597 | +€26,288 | +2.5% |
| Operating profit (loss) | 9901 | €11,334 | €67,496 | +€56,162 | +495.5% |
| Financial income | 75/76B | €0 | €66 | +€66 | +50438.5% |
| Recurring financial income | 75 | €0 | €66 | +€66 | +50438.5% |
| Financial charges | 65/66B | €37,494 | €36,073 | -€1,421 | -3.8% |
| Recurring financial charges | 65 | €37,494 | €36,073 | -€1,421 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,159 | €31,489 | +€57,648 | |
| Income taxes | 67/77 | €1,729 | €8,165 | +€6,436 | +372.3% |
| Profit (loss) for the period | 9904 | -€27,888 | €23,324 | +€51,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,888 | €23,324 | +€51,212 |
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 7 October 2026 via checked.be.