KEYTECHNIK: 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.
KEYTECHNIK
Largest movements
- Receivables within one year +€285,829
up €285,829 (+99.0%), from €288,750 to €574,578
of which Trade receivables: +€285,188
- Tangible fixed assets -€23,127
down €23,127 (-6.4%), from €363,275 to €340,148
of which Land and buildings: -€19,370
- Stocks and contracts +€11,860
up €11,860 (+12.1%), from €97,985 to €109,844
- Trade debts +€101,817
up €101,817 (+149.5%), from €68,126 to €169,944
- Tax, wage and social debts +€68,920
up €68,920 (+48.1%), from €143,277 to €212,197
of which Remuneration and social security: +€43,722
- Profit (loss) carried forward +€41,836
up €41,836 (+19.7%), from €212,370 to €254,205
- Advances received +€38,300
up €38,300, from €0 to €38,300
- Accrued charges and deferred income +€34,387
up €34,387 (+14.4%), from €239,276 to €273,663
- Gross operating margin +€229,092
up €229,092 (+40.8%), from €561,751 to €790,843
- Staff costs +€92,592
up €92,592 (+14.8%), from €625,693 to €718,284
- Write-downs -€15,084
down €15,084, from €7,271 to -€7,813
- Taxes +€10,190
up €10,190 (+516.3%), from €1,974 to €12,164
- Provisions -€10,000
down €10,000 (-50.0%), from -€20,000 to -€30,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €765,814 | €1,050,707 | +€284,893 | +37.2% |
| Fixed assets | 21/28 | €363,313 | €340,186 | -€23,127 | -6.4% |
| Tangible fixed assets | 22/27 | €363,275 | €340,148 | -€23,127 | -6.4% |
| Land and buildings | 22 | €349,305 | €329,935 | -€19,370 | -5.5% |
| Plant, machinery and equipment | 23 | €4,428 | €3,980 | -€449 | -10.1% |
| Furniture and vehicles | 24 | €9,541 | €6,233 | -€3,308 | -34.7% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €402,501 | €710,521 | +€308,019 | +76.5% |
| Stocks and contracts in progress | 3 | €97,985 | €109,844 | +€11,860 | +12.1% |
| Stocks | 30/36 | €97,985 | €109,844 | +€11,860 | +12.1% |
| Amounts receivable within one year | 40/41 | €288,750 | €574,578 | +€285,829 | +99.0% |
| Trade receivables | 40 | €288,723 | €573,911 | +€285,188 | +98.8% |
| Other amounts receivable | 41 | €26 | €667 | +€641 | +2446.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €15,767 | €26,098 | +€10,331 | +65.5% |
| Total equity and liabilities | 10/49 | €765,814 | €1,050,707 | +€284,893 | +37.2% |
| Equity | 10/15 | €245,370 | €287,205 | +€41,836 | +17.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,370 | €254,205 | +€41,836 | +19.7% |
| Provisions and deferred taxes | 16 | €35,000 | €5,000 | -€30,000 | -85.7% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €5,000 | -€30,000 | -85.7% |
| Other liabilities and charges | 164/5 | €35,000 | €5,000 | -€30,000 | -85.7% |
| Amounts payable | 17/49 | €485,444 | €758,501 | +€273,057 | +56.2% |
| Amounts payable within one year | 42/48 | €246,169 | €484,838 | +€238,670 | +97.0% |
| Financial debts | 43 | €257 | €0 | -€257 | -100.0% |
| Credit institutions | 430/8 | €257 | €0 | -€257 | -100.0% |
| Trade debts | 44 | €68,126 | €169,944 | +€101,817 | +149.5% |
| Suppliers | 440/4 | €68,126 | €169,944 | +€101,817 | +149.5% |
| Advances received on contracts in progress | 46 | €0 | €38,300 | +€38,300 | |
| Taxes, remuneration and social security | 45 | €143,277 | €212,197 | +€68,920 | +48.1% |
| Taxes | 450/3 | €33,000 | €58,198 | +€25,198 | +76.4% |
| Remuneration and social security | 454/9 | €110,277 | €153,999 | +€43,722 | +39.6% |
| Other amounts payable | 47/48 | €34,508 | €64,398 | +€29,890 | +86.6% |
| Accrued charges and deferred income | 492/3 | €239,276 | €273,663 | +€34,387 | +14.4% |
| Remuneration, social security and pensions | 62 | €625,693 | €718,284 | +€92,592 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,413 | €24,225 | +€1,812 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,271 | -€7,813 | -€15,084 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | -€30,000 | -€10,000 | -50.0% |
| Other operating charges | 640/8 | €6,334 | €13,213 | +€6,878 | +108.6% |
| Gross operating margin | 9900 | €561,751 | €790,843 | +€229,092 | +40.8% |
| Operating profit (loss) | 9901 | -€79,960 | €72,933 | +€152,893 | |
| Financial income | 75/76B | €3,919 | €811 | -€3,108 | -79.3% |
| Recurring financial income | 75 | €3,919 | €811 | -€3,108 | -79.3% |
| Financial charges | 65/66B | €25,721 | €19,744 | -€5,977 | -23.2% |
| Recurring financial charges | 65 | €25,721 | €19,744 | -€5,977 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€101,762 | €54,000 | +€155,762 | |
| Income taxes | 67/77 | €1,974 | €12,164 | +€10,190 | +516.3% |
| Profit (loss) for the period | 9904 | -€103,736 | €41,836 | +€145,571 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,736 | €41,836 | +€145,571 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.