Keymaris: 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.
Keymaris
Largest movements
- Current investments -€125,001
down €125,001 (-86.2%), from €145,002 to €20,001
- Cash +€33,982
up €33,982 (+42.4%), from €80,192 to €114,175
mainly Net result for the year (+€248,492) and Current investments (+€125,001)
- Receivables within one year -€21,593
down €21,593 (-18.4%), from €117,600 to €96,007
of which Trade receivables: -€13,833
- Tangible fixed assets -€12,117
down €12,117 (-26.8%), from €45,296 to €33,179
- Other debts -€70,934
down €70,934 (-22.2%), from €319,000 to €248,066
- Tax, wage and social debts -€55,817
down €55,817 (-83.8%), from €66,587 to €10,770
- Gross operating margin +€44,368
up €44,368 (+15.1%), from €294,533 to €338,901
- Taxes +€13,070
up €13,070 (+19.6%), from €66,587 to €79,656
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 | €389,231 | €264,576 | -€124,655 | -32.0% |
| Fixed assets | 21/28 | €45,296 | €33,179 | -€12,117 | -26.8% |
| Tangible fixed assets | 22/27 | €45,296 | €33,179 | -€12,117 | -26.8% |
| Furniture and vehicles | 24 | €45,296 | €33,179 | -€12,117 | -26.8% |
| Current assets | 29/58 | €343,934 | €231,396 | -€112,538 | -32.7% |
| Amounts receivable within one year | 40/41 | €117,600 | €96,007 | -€21,593 | -18.4% |
| Trade receivables | 40 | €109,840 | €96,007 | -€13,833 | -12.6% |
| Other amounts receivable | 41 | €7,760 | - | -€7,760 | |
| Current investments | 50/53 | €145,002 | €20,001 | -€125,001 | -86.2% |
| Cash at bank and in hand | 54/58 | €80,192 | €114,175 | +€33,982 | +42.4% |
| Deferred charges and accrued income | 490/1 | €1,139 | €1,214 | +€74 | +6.5% |
| Total equity and liabilities | 10/49 | €389,231 | €264,576 | -€124,655 | -32.0% |
| Equity | 10/15 | €3,123 | €3,615 | +€492 | +15.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123 | €615 | +€492 | +399.0% |
| Amounts payable | 17/49 | €386,107 | €260,960 | -€125,147 | -32.4% |
| Amounts payable within one year | 42/48 | €386,107 | €260,960 | -€125,147 | -32.4% |
| Trade debts | 44 | €521 | €2,125 | +€1,604 | +308.0% |
| Suppliers | 440/4 | €521 | €2,125 | +€1,604 | +308.0% |
| Taxes, remuneration and social security | 45 | €66,587 | €10,770 | -€55,817 | -83.8% |
| Taxes | 450/3 | €66,587 | €10,770 | -€55,817 | -83.8% |
| Other amounts payable | 47/48 | €319,000 | €248,066 | -€70,934 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,722 | €13,646 | +€924 | +7.3% |
| Gross operating margin | 9900 | €294,533 | €338,901 | +€44,368 | +15.1% |
| Operating profit (loss) | 9901 | €281,811 | €325,255 | +€43,444 | +15.4% |
| Financial income | 75/76B | €386 | €2,957 | +€2,571 | +666.3% |
| Recurring financial income | 75 | €386 | €2,957 | +€2,571 | +666.3% |
| Financial charges | 65/66B | €53 | €63 | +€10 | +18.5% |
| Recurring financial charges | 65 | €53 | €63 | +€10 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €282,143 | €328,148 | +€46,005 | +16.3% |
| Income taxes | 67/77 | €66,587 | €79,656 | +€13,070 | +19.6% |
| Profit (loss) for the period | 9904 | €215,557 | €248,492 | +€32,935 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €215,557 | €248,492 | +€32,935 | +15.3% |
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 4 October 2026 via checked.be.