Keyrus Management: 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.
Keyrus Management
Largest movements
- Cash -€459,295
down €459,295 (-41.0%), from €1.1m to €661,524
mainly Trade debts (-€373,044) and Net result for the year (-€334,879)
- Receivables within one year -€307,546
down €307,546 (-15.5%), from €2.0m to €1.7m
of which Trade receivables: -€199,581
- Trade debts -€373,044
down €373,044 (-14.2%), from €2.6m to €2.3m
- Profit (loss) carried forward -€334,879
down €334,879, from €73,165 to -€261,714
- Tax, wage and social debts -€72,473
down €72,473 (-53.5%), from €135,378 to €62,905
of which Remuneration and social security: -€69,040
- Turnover -€2.3m
down €2.3m (-37.4%), from €6.2m to €3.9m
- Goods and materials -€1.5m
down €1.5m (-36.3%), from €4.2m to €2.6m
- Services and other goods -€327,847
down €327,847 (-25.2%), from €1.3m to €973,028
- Staff costs -€281,935
down €281,935 (-26.9%), from €1.0m to €766,701
- Other operating income -€76,997
down €76,997 (-37.2%), from €207,198 to €130,201
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,111,233 | €2,344,401 | -€766,832 | -24.6% |
| Fixed assets | 21/28 | €395 | €196 | -€199 | -50.3% |
| Intangible fixed assets | 21 | €393 | €196 | -€197 | -50.1% |
| Tangible fixed assets | 22/27 | €2 | - | -€2 | |
| Plant, machinery and equipment | 23 | €2 | - | -€2 | |
| Current assets | 29/58 | €3,110,838 | €2,344,204 | -€766,634 | -24.6% |
| Amounts receivable within one year | 40/41 | €1,988,825 | €1,681,279 | -€307,546 | -15.5% |
| Trade receivables | 40 | €688,271 | €488,689 | -€199,581 | -29.0% |
| Other amounts receivable | 41 | €1,300,555 | €1,192,590 | -€107,965 | -8.3% |
| Current investments | 50/53 | - | €805 | +€805 | |
| Other investments | 51/53 | - | €805 | +€805 | |
| Cash at bank and in hand | 54/58 | €1,120,819 | €661,524 | -€459,295 | -41.0% |
| Deferred charges and accrued income | 490/1 | €1,193 | €596 | -€598 | -50.1% |
| Total equity and liabilities | 10/49 | €3,111,233 | €2,344,401 | -€766,832 | -24.6% |
| Equity | 10/15 | €337,405 | €2,526 | -€334,879 | -99.3% |
| Contributions | 10/11 | €103,930 | €103,930 | = | 0.0% |
| Capital | 10 | €103,100 | €103,100 | = | 0.0% |
| Issued capital | 100 | €103,100 | €103,100 | = | 0.0% |
| Contributions outside capital | 11 | €830 | €830 | = | 0.0% |
| Share premium | 1100/10 | €830 | €830 | = | 0.0% |
| Reserves | 13 | €160,310 | €160,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,310 | €10,310 | = | 0.0% |
| Legal reserve | 130 | €10,310 | €10,310 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,165 | -€261,714 | -€334,879 | |
| Amounts payable | 17/49 | €2,773,828 | €2,341,875 | -€431,953 | -15.6% |
| Amounts payable within one year | 42/48 | €2,770,543 | €2,325,026 | -€445,517 | -16.1% |
| Trade debts | 44 | €2,635,165 | €2,262,121 | -€373,044 | -14.2% |
| Suppliers | 440/4 | €2,635,165 | €2,262,121 | -€373,044 | -14.2% |
| Taxes, remuneration and social security | 45 | €135,378 | €62,905 | -€72,473 | -53.5% |
| Taxes | 450/3 | €18,576 | €15,144 | -€3,433 | -18.5% |
| Remuneration and social security | 454/9 | €116,801 | €47,761 | -€69,040 | -59.1% |
| Accrued charges and deferred income | 492/3 | €3,285 | €16,849 | +€13,564 | +412.9% |
| Operating income | 70/76A | €6,392,523 | €4,030,549 | -€2.4m | -36.9% |
| Turnover | 70 | €6,185,325 | €3,875,043 | -€2.3m | -37.4% |
| Other operating income | 74 | €207,198 | €130,201 | -€76,997 | -37.2% |
| Non-recurring operating income | 76A | - | €25,305 | +€25,305 | |
| Operating charges | 60/66A | €6,508,415 | €4,389,725 | -€2.1m | -32.6% |
| Goods for resale, raw materials and consumables | 60 | €4,157,164 | €2,649,541 | -€1.5m | -36.3% |
| Purchases | 600/8 | €4,157,164 | €2,649,541 | -€1.5m | -36.3% |
| Services and other goods | 61 | €1,300,875 | €973,028 | -€327,847 | -25.2% |
| Remuneration, social security and pensions | 62 | €1,048,636 | €766,701 | -€281,935 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €199 | -€965 | -82.9% |
| Other operating charges | 640/8 | €576 | €257 | -€319 | -55.4% |
| Operating profit (loss) | 9901 | -€115,892 | -€359,176 | -€243,285 | -209.9% |
| Financial income | 75/76B | €56,277 | €69,621 | +€13,344 | +23.7% |
| Recurring financial income | 75 | €56,277 | €69,621 | +€13,344 | +23.7% |
| Income from current assets | 751 | €56,258 | €69,621 | +€13,363 | +23.8% |
| Other financial income | 752/9 | €19 | €0 | -€18 | -98.7% |
| Financial charges | 65/66B | €49,819 | €30,304 | -€19,515 | -39.2% |
| Recurring financial charges | 65 | €49,819 | €30,304 | -€19,515 | -39.2% |
| Debt charges | 650 | €49,819 | €30,304 | -€19,515 | -39.2% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€109,434 | -€319,859 | -€210,426 | -192.3% |
| Income taxes | 67/77 | €4,613 | €15,020 | +€10,407 | +225.6% |
| Taxes | 670/3 | €4,613 | €15,020 | +€10,407 | +225.6% |
| Profit (loss) for the period | 9904 | -€114,046 | -€334,879 | -€220,833 | -193.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,046 | -€334,879 | -€220,833 | -193.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.