KEYSTEP: 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.
KEYSTEP
Largest movements
- Receivables within one year +€10,669
up €10,669 (+71.2%), from €14,989 to €25,658
- Cash -€8,809
down €8,809 (-88.9%), from €9,911 to €1,102
mainly Receivables within one year (-€10,669) and Net result for the year (-€2,094)
- Tangible fixed assets -€1,210
down €1,210 (-36.4%), from €3,320 to €2,110
of which Other tangible fixed assets: -€1,032
- Tax, wage and social debts +€4,690
up €4,690 (+1080.6%), from €434 to €5,124
- Profit (loss) carried forward -€2,094
down €2,094 (-11.3%), from -€18,530 to -€20,624
- Trade debts -€2,041
no longer reported in 2025 (was €2,041)
- Gross operating margin -€1,569
down €1,569, from €1,282 to -€287
- Turnover -€1,253
down €1,253 (-3.4%), from €36,604 to €35,351
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 | €28,220 | €28,870 | +€650 | +2.3% |
| Fixed assets | 21/28 | €3,320 | €2,110 | -€1,210 | -36.4% |
| Tangible fixed assets | 22/27 | €3,320 | €2,110 | -€1,210 | -36.4% |
| Plant, machinery and equipment | 23 | €252 | €74 | -€178 | -70.6% |
| Other tangible fixed assets | 26 | €3,068 | €2,036 | -€1,032 | -33.6% |
| Current assets | 29/58 | €24,900 | €26,760 | +€1,860 | +7.5% |
| Amounts receivable within one year | 40/41 | €14,989 | €25,658 | +€10,669 | +71.2% |
| Other amounts receivable | 41 | €14,989 | €25,658 | +€10,669 | +71.2% |
| Cash at bank and in hand | 54/58 | €9,911 | €1,102 | -€8,809 | -88.9% |
| Total equity and liabilities | 10/49 | €28,220 | €28,870 | +€650 | +2.3% |
| Equity | 10/15 | €24,545 | €22,451 | -€2,094 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,875 | €36,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,322 | €1,322 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,322 | €1,322 | = | 0.0% |
| Distributable reserves | 133 | €35,553 | €35,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,530 | -€20,624 | -€2,094 | -11.3% |
| Amounts payable | 17/49 | €3,675 | €6,419 | +€2,744 | +74.7% |
| Amounts payable within one year | 42/48 | €2,475 | €5,219 | +€2,744 | +110.9% |
| Trade debts | 44 | €2,041 | - | -€2,041 | |
| Suppliers | 440/4 | €2,041 | - | -€2,041 | |
| Taxes, remuneration and social security | 45 | €434 | €5,124 | +€4,690 | +1080.6% |
| Taxes | 450/3 | €434 | €5,124 | +€4,690 | +1080.6% |
| Other amounts payable | 47/48 | - | €95 | +€95 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Turnover | 70 | €36,604 | €35,351 | -€1,253 | -3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,322 | €35,638 | +€316 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,271 | €1,210 | -€61 | -4.8% |
| Other operating charges | 640/8 | €1,285 | €1,155 | -€130 | -10.1% |
| Gross operating margin | 9900 | €1,282 | -€287 | -€1,569 | |
| Operating profit (loss) | 9901 | -€1,274 | -€2,652 | -€1,378 | -108.2% |
| Financial income | 75/76B | €1,300 | €1,227 | -€73 | -5.6% |
| Recurring financial income | 75 | €1,300 | €1,227 | -€73 | -5.6% |
| Financial charges | 65/66B | €316 | €627 | +€311 | +98.4% |
| Recurring financial charges | 65 | €316 | €627 | +€311 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | -€290 | -€2,052 | -€1,762 | -607.6% |
| Income taxes | 67/77 | €43 | €42 | -€1 | -2.3% |
| Profit (loss) for the period | 9904 | -€333 | -€2,094 | -€1,761 | -528.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€333 | -€2,094 | -€1,761 | -528.8% |
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 2 October 2026 via checked.be.