KEYSTONE CONSULTING: 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.
KEYSTONE CONSULTING
Largest movements
- Receivables within one year -€28,517
down €28,517 (-50.9%), from €56,062 to €27,545
of which Other amounts receivable: -€19,575
- Cash -€6,388
down €6,388 (-60.4%), from €10,576 to €4,188
mainly Net result for the year (-€30,381) and Tax, wage and social debts (-€5,819)
- Tangible fixed assets -€3,378
no longer reported in 2025 (was €3,378)
- Profit (loss) carried forward -€30,381
down €30,381 (-68.7%), from €44,231 to €13,849
- Tax, wage and social debts -€5,819
down €5,819 (-37.3%), from €15,591 to €9,771
of which Taxes: -€11,319
- Trade debts -€2,293
down €2,293 (-57.2%), from €4,007 to €1,714
- Gross operating margin -€33,391
down €33,391, from €6,820 to -€26,572
- Taxes -€1,071
down €1,071 (-99.2%), from €1,080 to €8
- Depreciation -€927
no longer reported in 2025 (was €927)
- Other operating charges -€854
down €854 (-91.4%), from €934 to €80
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 | €70,028 | €31,750 | -€38,278 | -54.7% |
| Fixed assets | 21/28 | €3,378 | - | -€3,378 | |
| Tangible fixed assets | 22/27 | €3,378 | - | -€3,378 | |
| Other tangible fixed assets | 26 | €3,378 | - | -€3,378 | |
| Current assets | 29/58 | €66,650 | €31,750 | -€34,900 | -52.4% |
| Amounts receivable within one year | 40/41 | €56,062 | €27,545 | -€28,517 | -50.9% |
| Trade receivables | 40 | €36,142 | €27,200 | -€8,942 | -24.7% |
| Other amounts receivable | 41 | €19,920 | €345 | -€19,575 | -98.3% |
| Cash at bank and in hand | 54/58 | €10,576 | €4,188 | -€6,388 | -60.4% |
| Deferred charges and accrued income | 490/1 | €13 | €18 | +€5 | +40.0% |
| Total equity and liabilities | 10/49 | €70,028 | €31,750 | -€38,278 | -54.7% |
| Equity | 10/15 | €50,431 | €20,049 | -€30,381 | -60.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,231 | €13,849 | -€30,381 | -68.7% |
| Amounts payable | 17/49 | €19,598 | €11,701 | -€7,897 | -40.3% |
| Amounts payable within one year | 42/48 | €19,598 | €11,701 | -€7,897 | -40.3% |
| Trade debts | 44 | €4,007 | €1,714 | -€2,293 | -57.2% |
| Suppliers | 440/4 | €4,007 | €1,714 | -€2,293 | -57.2% |
| Taxes, remuneration and social security | 45 | €15,591 | €9,771 | -€5,819 | -37.3% |
| Taxes | 450/3 | €13,091 | €1,771 | -€11,319 | -86.5% |
| Remuneration and social security | 454/9 | €2,500 | €8,000 | +€5,500 | +220% |
| Other amounts payable | 47/48 | - | €216 | +€216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | - | -€927 | |
| Other operating charges | 640/8 | €934 | €80 | -€854 | -91.4% |
| Non-recurring operating charges | 66A | - | €3,378 | +€3,378 | |
| Gross operating margin | 9900 | €6,820 | -€26,572 | -€33,391 | |
| Operating profit (loss) | 9901 | €4,958 | -€30,030 | -€34,988 | |
| Financial charges | 65/66B | €231 | €343 | +€112 | +48.2% |
| Recurring financial charges | 65 | €231 | €343 | +€112 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €4,727 | -€30,373 | -€35,100 | |
| Income taxes | 67/77 | €1,080 | €8 | -€1,071 | -99.2% |
| Profit (loss) for the period | 9904 | €3,647 | -€30,381 | -€34,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,647 | -€30,381 | -€34,029 |
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 22 October 2026 via checked.be.