Keys2IT: 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.
Keys2IT
Largest movements
- Receivables within one year -€3,440
down €3,440 (-23.3%), from €14,778 to €11,337
- Stocks and contracts +€3,075
new in 2025: €3,075
- Deferred charges and accrued income +€1,682
up €1,682 (+1230.4%), from €137 to €1,819
- Tangible fixed assets +€1,402
up €1,402 (+32.0%), from €4,379 to €5,781
- Cash -€1,110
down €1,110 (-46.0%), from €2,411 to €1,302
mainly Investment in fixed assets (net) (-€3,676) and Stocks and contracts (-€3,075)
- Trade debts +€1,932
up €1,932 (+29.8%), from €6,495 to €8,427
- Other debts -€1,059
down €1,059 (-61.2%), from €1,730 to €671
- Tax, wage and social debts +€598
up €598 (+9.5%), from €6,293 to €6,892
of which Taxes: +€1,303
- Gross operating margin -€4,167
down €4,167 (-36.2%), from €11,501 to €7,334
- Taxes -€907
down €907 (-49.3%), from €1,841 to €933
- Staff costs -€693
down €693 (-16.6%), from €4,170 to €3,477
- Depreciation +€642
up €642 (+39.3%), from €1,632 to €2,274
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 | €21,891 | €23,500 | +€1,609 | +7.3% |
| Fixed assets | 21/28 | €4,565 | €5,967 | +€1,402 | +30.7% |
| Tangible fixed assets | 22/27 | €4,379 | €5,781 | +€1,402 | +32.0% |
| Furniture and vehicles | 24 | €4,379 | €5,781 | +€1,402 | +32.0% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €17,326 | €17,533 | +€207 | +1.2% |
| Stocks and contracts in progress | 3 | - | €3,075 | +€3,075 | |
| Stocks | 30/36 | - | €3,075 | +€3,075 | |
| Amounts receivable within one year | 40/41 | €14,778 | €11,337 | -€3,440 | -23.3% |
| Trade receivables | 40 | €14,778 | €11,337 | -€3,440 | -23.3% |
| Cash at bank and in hand | 54/58 | €2,411 | €1,302 | -€1,110 | -46.0% |
| Deferred charges and accrued income | 490/1 | €137 | €1,819 | +€1,682 | +1230.4% |
| Total equity and liabilities | 10/49 | €21,891 | €23,500 | +€1,609 | +7.3% |
| Equity | 10/15 | €7,373 | €7,510 | +€137 | +1.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€687 | -€550 | +€137 | +19.9% |
| Amounts payable | 17/49 | €14,518 | €15,990 | +€1,472 | +10.1% |
| Amounts payable within one year | 42/48 | €14,518 | €15,990 | +€1,472 | +10.1% |
| Trade debts | 44 | €6,495 | €8,427 | +€1,932 | +29.8% |
| Suppliers | 440/4 | €6,495 | €8,427 | +€1,932 | +29.8% |
| Taxes, remuneration and social security | 45 | €6,293 | €6,892 | +€598 | +9.5% |
| Taxes | 450/3 | €5,588 | €6,892 | +€1,303 | +23.3% |
| Remuneration and social security | 454/9 | €705 | - | -€705 | |
| Other amounts payable | 47/48 | €1,730 | €671 | -€1,059 | -61.2% |
| Remuneration, social security and pensions | 62 | €4,170 | €3,477 | -€693 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €2,274 | +€642 | +39.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €11,501 | €7,334 | -€4,167 | -36.2% |
| Operating profit (loss) | 9901 | €5,311 | €1,183 | -€4,128 | -77.7% |
| Financial income | 75/76B | €0 | €64 | +€64 | +213300.0% |
| Recurring financial income | 75 | €0 | €64 | +€64 | +213300.0% |
| Financial charges | 65/66B | €177 | €177 | -€0 | -0.1% |
| Recurring financial charges | 65 | €177 | €177 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €5,134 | €1,070 | -€4,063 | -79.2% |
| Income taxes | 67/77 | €1,841 | €933 | -€907 | -49.3% |
| Profit (loss) for the period | 9904 | €3,293 | €137 | -€3,156 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,293 | €137 | -€3,156 | -95.8% |
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 6 October 2026 via checked.be.