KEYMOVE: 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.
KEYMOVE
Largest movements
- Cash -€17,290
down €17,290 (-10.3%), from €168,072 to €150,782
mainly Contributions, distributions and other (-€43,699) and Investment in fixed assets (net) (-€1,378)
- Reserves -€18,850
down €18,850 (-11.5%), from €163,345 to €144,496
- Tax, wage and social debts +€2,346
up €2,346 (+30.8%), from €7,621 to €9,967
- Gross operating margin +€6,360
up €6,360 (+21.0%), from €30,229 to €36,589
- Taxes +€1,811
up €1,811 (+19.9%), from €9,087 to €10,898
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 | €186,429 | €170,341 | -€16,089 | -8.6% |
| Fixed assets | 21/28 | - | €1,072 | +€1,072 | |
| Tangible fixed assets | 22/27 | - | €1,072 | +€1,072 | |
| Furniture and vehicles | 24 | - | €1,072 | +€1,072 | |
| Current assets | 29/58 | €186,429 | €169,269 | -€17,161 | -9.2% |
| Amounts receivable within one year | 40/41 | €16,831 | €17,036 | +€204 | +1.2% |
| Trade receivables | 40 | €16,831 | €17,036 | +€204 | +1.2% |
| Cash at bank and in hand | 54/58 | €168,072 | €150,782 | -€17,290 | -10.3% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,452 | -€75 | -4.9% |
| Total equity and liabilities | 10/49 | €186,429 | €170,341 | -€16,089 | -8.6% |
| Equity | 10/15 | €175,745 | €156,896 | -€18,850 | -10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,345 | €144,496 | -€18,850 | -11.5% |
| Distributable reserves | 133 | €163,345 | €144,496 | -€18,850 | -11.5% |
| Amounts payable | 17/49 | €10,684 | €13,445 | +€2,761 | +25.8% |
| Amounts payable within one year | 42/48 | €10,684 | €13,445 | +€2,761 | +25.8% |
| Trade debts | 44 | €2,804 | €3,219 | +€415 | +14.8% |
| Suppliers | 440/4 | €2,804 | €3,219 | +€415 | +14.8% |
| Taxes, remuneration and social security | 45 | €7,621 | €9,967 | +€2,346 | +30.8% |
| Taxes | 450/3 | €7,621 | €9,967 | +€2,346 | +30.8% |
| Other amounts payable | 47/48 | €259 | €259 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €306 | +€306 | |
| Other operating charges | 640/8 | €588 | €822 | +€235 | +40.0% |
| Gross operating margin | 9900 | €30,229 | €36,589 | +€6,360 | +21.0% |
| Operating profit (loss) | 9901 | €29,642 | €35,461 | +€5,819 | +19.6% |
| Financial income | 75/76B | €247 | €491 | +€244 | +98.7% |
| Recurring financial income | 75 | €247 | €491 | +€244 | +98.7% |
| Financial charges | 65/66B | €262 | €204 | -€58 | -22.1% |
| Recurring financial charges | 65 | €262 | €204 | -€58 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €29,627 | €35,748 | +€6,121 | +20.7% |
| Income taxes | 67/77 | €9,087 | €10,898 | +€1,811 | +19.9% |
| Profit (loss) for the period | 9904 | €20,540 | €24,850 | +€4,309 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,540 | €24,850 | +€4,309 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.