KeySign: 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.
KeySign
Largest movements
- Receivables within one year -€156,159
down €156,159 (-99.6%), from €156,824 to €665
of which Trade receivables: -€156,824
- Profit (loss) carried forward -€134,506
down €134,506 (-5.1%), from -€2.6m to -€2.8m
- Other debts -€15,302
down €15,302 (-0.6%), from €2.7m to €2.7m
- Trade debts -€5,452
down €5,452 (-13.2%), from €41,185 to €35,733
- Purchases and services -€194,228
down €194,228 (-81.1%), from €239,590 to €45,362
- Turnover -€168,607
down €168,607 (-82.3%), from €204,749 to €36,142
- Financial charges -€22,310
down €22,310 (-15.2%), from €147,078 to €124,768
- Write-downs +€22,049
no longer reported in 2025 (was -€22,049)
- Gross operating margin +€20,528
up €20,528 (+69.7%), from -€29,450 to -€8,922
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 | €162,094 | €6,092 | -€156,002 | -96.2% |
| Fixed assets | 21/28 | €105 | - | -€105 | |
| Tangible fixed assets | 22/27 | €105 | - | -€105 | |
| Plant, machinery and equipment | 23 | €105 | - | -€105 | |
| Current assets | 29/58 | €161,989 | €6,092 | -€155,896 | -96.2% |
| Amounts receivable within one year | 40/41 | €156,824 | €665 | -€156,159 | -99.6% |
| Trade receivables | 40 | €156,824 | - | -€156,824 | |
| Other amounts receivable | 41 | - | €665 | +€665 | |
| Cash at bank and in hand | 54/58 | €5,165 | €5,106 | -€58 | -1.1% |
| Deferred charges and accrued income | 490/1 | - | €321 | +€321 | |
| Total equity and liabilities | 10/49 | €162,094 | €6,092 | -€156,002 | -96.2% |
| Equity | 10/15 | -€2,556,440 | -€2,690,946 | -€134,506 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,618,440 | -€2,752,946 | -€134,506 | -5.1% |
| Amounts payable | 17/49 | €2,718,534 | €2,697,039 | -€21,495 | -0.8% |
| Amounts payable within one year | 42/48 | €2,718,534 | €2,697,039 | -€21,495 | -0.8% |
| Trade debts | 44 | €41,185 | €35,733 | -€5,452 | -13.2% |
| Suppliers | 440/4 | €41,185 | €35,733 | -€5,452 | -13.2% |
| Taxes, remuneration and social security | 45 | €871 | €130 | -€741 | -85.1% |
| Taxes | 450/3 | €871 | €130 | -€741 | -85.1% |
| Other amounts payable | 47/48 | €2,676,477 | €2,661,176 | -€15,302 | -0.6% |
| Turnover | 70 | €204,749 | €36,142 | -€168,607 | -82.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €239,590 | €45,362 | -€194,228 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,809 | €105 | -€1,704 | -94.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,049 | - | +€22,049 | |
| Other operating charges | 640/8 | €1,226 | €711 | -€515 | -42.0% |
| Non-recurring operating charges | 66A | €573 | - | -€573 | |
| Gross operating margin | 9900 | -€29,450 | -€8,922 | +€20,528 | +69.7% |
| Operating profit (loss) | 9901 | -€11,008 | -€9,738 | +€1,270 | +11.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €147,078 | €124,768 | -€22,310 | -15.2% |
| Recurring financial charges | 65 | €147,078 | €124,768 | -€22,310 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€158,087 | -€134,506 | +€23,580 | +14.9% |
| Income taxes | 67/77 | €130 | - | -€130 | |
| Profit (loss) for the period | 9904 | -€158,217 | -€134,506 | +€23,710 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€158,217 | -€134,506 | +€23,710 | +15.0% |
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 21 October 2026 via checked.be.