KEYSTONE NETWORK INTERNATIONAL: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
KEYSTONE NETWORK INTERNATIONAL
Largest movements
- Tangible fixed assets -€76,677
down €76,677 (-6.0%), from €1.3m to €1.2m
of which Land and buildings: -€57,953
- Cash -€23,761
down €23,761 (-9.8%), from €241,370 to €217,609
mainly Debts after one year (-€58,557) and Net result for the year (-€46,917)
- Debts after one year -€58,557
down €58,557 (-16.5%), from €354,658 to €296,101
of which Other amounts payable: -€35,000
- Reserves -€46,352
down €46,352 (-4.2%), from €1.1m to €1.1m
of which Distributable reserves: -€42,000
- Gross operating margin -€57,936
down €57,936 (-52.8%), from €109,675 to €51,739
- Financial income -€14,198
down €14,198 (-65.5%), from €21,674 to €7,476
- Depreciation +€7,522
up €7,522 (+9.1%), from €82,248 to €89,770
- Other operating charges -€1,637
down €1,637 (-9.8%), from €16,651 to €15,014
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,613,196 | €1,506,166 | -€107,030 | -6.6% |
| Fixed assets | 21/28 | €1,288,378 | €1,211,701 | -€76,677 | -6.0% |
| Tangible fixed assets | 22/27 | €1,288,204 | €1,211,527 | -€76,677 | -6.0% |
| Land and buildings | 22 | €1,175,301 | €1,117,348 | -€57,953 | -4.9% |
| Plant, machinery and equipment | 23 | €6,367 | €7,400 | +€1,033 | +16.2% |
| Furniture and vehicles | 24 | €82,222 | €70,162 | -€12,060 | -14.7% |
| Other tangible fixed assets | 26 | €24,314 | €16,617 | -€7,697 | -31.7% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €324,818 | €294,465 | -€30,353 | -9.3% |
| Amounts receivable after more than one year | 29 | €35,613 | €24,744 | -€10,869 | -30.5% |
| Other amounts receivable | 291 | €35,613 | €24,744 | -€10,869 | -30.5% |
| Amounts receivable within one year | 40/41 | €45,722 | €49,543 | +€3,821 | +8.4% |
| Trade receivables | 40 | €25,649 | €28,492 | +€2,843 | +11.1% |
| Other amounts receivable | 41 | €20,073 | €21,051 | +€978 | +4.9% |
| Cash at bank and in hand | 54/58 | €241,370 | €217,609 | -€23,761 | -9.8% |
| Deferred charges and accrued income | 490/1 | €2,113 | €2,569 | +€456 | +21.6% |
| Total equity and liabilities | 10/49 | €1,613,196 | €1,506,166 | -€107,030 | -6.6% |
| Equity | 10/15 | €1,177,571 | €1,130,654 | -€46,917 | -4.0% |
| Contributions | 10/11 | €64,479 | €64,479 | = | 0.0% |
| Capital | 10 | €64,479 | €64,479 | = | 0.0% |
| Issued capital | 100 | €64,479 | €64,479 | = | 0.0% |
| Reserves | 13 | €1,112,290 | €1,065,938 | -€46,352 | -4.2% |
| Non-distributable reserves | 130/1 | €6,448 | €6,448 | = | 0.0% |
| Legal reserve | 130 | €6,448 | €6,448 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,842 | €85,490 | -€4,352 | -4.8% |
| Distributable reserves | 133 | €1,016,000 | €974,000 | -€42,000 | -4.1% |
| Profit (loss) carried forward | 14 | €802 | €237 | -€565 | -70.4% |
| Provisions and deferred taxes | 16 | €42,920 | €40,678 | -€2,242 | -5.2% |
| Deferred taxes | 168 | €42,920 | €40,678 | -€2,242 | -5.2% |
| Amounts payable | 17/49 | €392,705 | €334,834 | -€57,871 | -14.7% |
| Amounts payable after more than one year | 17 | €354,658 | €296,101 | -€58,557 | -16.5% |
| Financial debts | 170/4 | €314,658 | €291,101 | -€23,557 | -7.5% |
| Other amounts payable | 178/9 | €40,000 | €5,000 | -€35,000 | -87.5% |
| Amounts payable within one year | 42/48 | €37,387 | €38,733 | +€1,346 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €23,305 | €23,557 | +€252 | +1.1% |
| Trade debts | 44 | €8,028 | €9,125 | +€1,097 | +13.7% |
| Suppliers | 440/4 | €8,028 | €9,125 | +€1,097 | +13.7% |
| Taxes, remuneration and social security | 45 | €4,041 | €3,063 | -€978 | -24.2% |
| Taxes | 450/3 | €4,041 | €3,063 | -€978 | -24.2% |
| Other amounts payable | 47/48 | €2,013 | €2,988 | +€975 | +48.4% |
| Accrued charges and deferred income | 492/3 | €660 | - | -€660 | |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,248 | €89,770 | +€7,522 | +9.1% |
| Other operating charges | 640/8 | €16,651 | €15,014 | -€1,637 | -9.8% |
| Gross operating margin | 9900 | €109,675 | €51,739 | -€57,936 | -52.8% |
| Operating profit (loss) | 9901 | €10,776 | -€53,045 | -€63,821 | |
| Financial income | 75/76B | €21,674 | €7,476 | -€14,198 | -65.5% |
| Recurring financial income | 75 | €21,674 | €7,476 | -€14,198 | -65.5% |
| Financial charges | 65/66B | €3,108 | €3,173 | +€65 | +2.1% |
| Recurring financial charges | 65 | €3,108 | €3,173 | +€65 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €29,342 | -€48,742 | -€78,084 | |
| Transfer from deferred taxes | 780 | €2,241 | €2,241 | = | 0.0% |
| Income taxes | 67/77 | €423 | €416 | -€7 | -1.7% |
| Profit (loss) for the period | 9904 | €31,160 | -€46,917 | -€78,077 | |
| Transfer from tax-exempt reserves | 789 | €4,352 | €4,352 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,512 | -€42,565 | -€78,077 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.