KEYSIDE: 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.
KEYSIDE
Largest movements
- Tangible fixed assets +€43,288
up €43,288 (+4,453%), from €972 to €44,260
- Cash +€21,927
up €21,927 (+68.6%), from €31,976 to €53,903
mainly Net result for the year (+€80,239) and Trade debts (+€10,840)
- Receivables within one year +€12,704
up €12,704 (+54.0%), from €23,534 to €36,238
of which Trade receivables: +€12,307
- Profit (loss) carried forward +€80,239
up €80,239 (+246%), from €32,663 to €112,902
- Trade debts +€10,840
up €10,840 (+1,539%), from €704 to €11,544
- Tax, wage and social debts -€7,477
down €7,477 (-74.6%), from €10,024 to €2,547
- Other debts -€3,724
down €3,724 (-42.5%), from €8,771 to €5,047
- Accrued charges and deferred income -€1,798
down €1,798 (-97.4%), from €1,845 to €47
- Gross operating margin +€63,408
up €63,408 (+154%), from €41,065 to €104,473
- Taxes +€15,418
up €15,418 (+185%), from €8,327 to €23,745
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 | €57,007 | €135,087 | +€78,080 | +137% |
| Fixed assets | 21/28 | €972 | €44,260 | +€43,288 | +4,453% |
| Tangible fixed assets | 22/27 | €972 | €44,260 | +€43,288 | +4,453% |
| Furniture and vehicles | 24 | €972 | €44,260 | +€43,288 | +4,453% |
| Current assets | 29/58 | €56,035 | €90,827 | +€34,793 | +62.1% |
| Amounts receivable within one year | 40/41 | €23,534 | €36,238 | +€12,704 | +54.0% |
| Trade receivables | 40 | €22,176 | €34,483 | +€12,307 | +55.5% |
| Other amounts receivable | 41 | €1,358 | €1,755 | +€397 | +29.3% |
| Cash at bank and in hand | 54/58 | €31,976 | €53,903 | +€21,927 | +68.6% |
| Deferred charges and accrued income | 490/1 | €524 | €686 | +€161 | +30.8% |
| Total equity and liabilities | 10/49 | €57,007 | €135,087 | +€78,080 | +137% |
| Equity | 10/15 | €35,663 | €115,902 | +€80,239 | +225% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,663 | €112,902 | +€80,239 | +246% |
| Amounts payable | 17/49 | €21,344 | €19,185 | -€2,159 | -10.1% |
| Amounts payable within one year | 42/48 | €19,499 | €19,138 | -€362 | -1.9% |
| Trade debts | 44 | €704 | €11,544 | +€10,840 | +1,539% |
| Suppliers | 440/4 | €704 | €11,544 | +€10,840 | +1,539% |
| Taxes, remuneration and social security | 45 | €10,024 | €2,547 | -€7,477 | -74.6% |
| Taxes | 450/3 | €10,024 | €2,547 | -€7,477 | -74.6% |
| Other amounts payable | 47/48 | €8,771 | €5,047 | -€3,724 | -42.5% |
| Accrued charges and deferred income | 492/3 | €1,845 | €47 | -€1,798 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €467 | +€392 | +523% |
| Gross operating margin | 9900 | €41,065 | €104,473 | +€63,408 | +154% |
| Operating profit (loss) | 9901 | €40,990 | €104,006 | +€63,016 | +154% |
| Financial charges | 65/66B | - | €22 | +€22 | |
| Recurring financial charges | 65 | - | €22 | +€22 | |
| Profit (loss) for the period before taxes | 9903 | €40,990 | €103,984 | +€62,994 | +154% |
| Income taxes | 67/77 | €8,327 | €23,745 | +€15,418 | +185% |
| Profit (loss) for the period | 9904 | €32,663 | €80,239 | +€47,577 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €32,663 | €80,239 | +€47,577 | +146% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.