KEYTEO GROUP: 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.
KEYTEO GROUP
Largest movements
- Receivables within one year -€252,033
down €252,033 (-31.6%), from €798,140 to €546,107
of which Other amounts receivable: -€201,011
- Cash +€111,017
up €111,017 (+28.7%), from €386,883 to €497,900
mainly Net result for the year (+€2.6m) and Receivables within one year (+€252,033)
- Profit (loss) carried forward +€342,015
up €342,015, from -€69,372 to €272,643
- Contributions -€300,000
down €300,000 (-4.2%), from €7.1m to €6.8m
- Accrued charges and deferred income -€183,000
no longer reported in 2025 (was €183,000)
- Financial income -€1.0m
down €1.0m (-28.0%), from €3.6m to €2.6m
- Gross operating margin +€152,049
up €152,049 (+184.9%), from €82,218 to €234,266
- Financial charges +€7,494
up €7,494 (+95223.9%), from €8 to €7,502
- Staff costs +€3,795
up €3,795 (+1.9%), from €203,308 to €207,103
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 | €7,235,849 | €7,064,531 | -€171,318 | -2.4% |
| Fixed assets | 21/28 | €6,020,164 | €6,019,691 | -€473 | 0.0% |
| Tangible fixed assets | 22/27 | €628 | €155 | -€473 | -75.3% |
| Furniture and vehicles | 24 | €628 | €155 | -€473 | -75.3% |
| Financial fixed assets | 28 | €6,019,536 | €6,019,536 | = | 0.0% |
| Current assets | 29/58 | €1,215,685 | €1,044,840 | -€170,845 | -14.1% |
| Amounts receivable within one year | 40/41 | €798,140 | €546,107 | -€252,033 | -31.6% |
| Trade receivables | 40 | €51,021 | - | -€51,021 | |
| Other amounts receivable | 41 | €747,118 | €546,107 | -€201,011 | -26.9% |
| Cash at bank and in hand | 54/58 | €386,883 | €497,900 | +€111,017 | +28.7% |
| Deferred charges and accrued income | 490/1 | €30,661 | €833 | -€29,829 | -97.3% |
| Total equity and liabilities | 10/49 | €7,235,849 | €7,064,531 | -€171,318 | -2.4% |
| Equity | 10/15 | €6,999,981 | €7,041,996 | +€42,015 | +0.6% |
| Contributions | 10/11 | €7,069,353 | €6,769,353 | -€300,000 | -4.2% |
| Profit (loss) carried forward | 14 | -€69,372 | €272,643 | +€342,015 | |
| Amounts payable | 17/49 | €235,868 | €22,535 | -€213,333 | -90.4% |
| Amounts payable within one year | 42/48 | €52,868 | €22,535 | -€30,333 | -57.4% |
| Trade debts | 44 | €30,723 | €214 | -€30,509 | -99.3% |
| Suppliers | 440/4 | €30,723 | €214 | -€30,509 | -99.3% |
| Taxes, remuneration and social security | 45 | €20,846 | €22,320 | +€1,475 | +7.1% |
| Taxes | 450/3 | €825 | €1,893 | +€1,068 | +129.5% |
| Remuneration and social security | 454/9 | €20,021 | €20,427 | +€406 | +2.0% |
| Other amounts payable | 47/48 | €1,299 | - | -€1,299 | |
| Accrued charges and deferred income | 492/3 | €183,000 | - | -€183,000 | |
| Remuneration, social security and pensions | 62 | €203,308 | €207,103 | +€3,795 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €473 | -€319 | -40.3% |
| Other operating charges | 640/8 | - | €514 | +€514 | |
| Gross operating margin | 9900 | €82,218 | €234,266 | +€152,049 | +184.9% |
| Operating profit (loss) | 9901 | -€121,882 | €26,176 | +€148,059 | |
| Financial income | 75/76B | €3,645,267 | €2,623,341 | -€1.0m | -28.0% |
| Recurring financial income | 75 | €3,645,267 | €2,623,341 | -€1.0m | -28.0% |
| Financial charges | 65/66B | €8 | €7,502 | +€7,494 | +95223.9% |
| Recurring financial charges | 65 | €8 | €7,502 | +€7,494 | +95223.9% |
| Profit (loss) for the period before taxes | 9903 | €3,523,377 | €2,642,015 | -€881,362 | -25.0% |
| Profit (loss) for the period | 9904 | €3,523,377 | €2,642,015 | -€881,362 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,523,377 | €2,642,015 | -€881,362 | -25.0% |
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 5 October 2026 via checked.be.