KeyTime: 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.
KeyTime
Largest movements
- Cash -€15,478
down €15,478 (-12.5%), from €123,757 to €108,279
mainly Contributions, distributions and other (-€115,039) and Receivables within one year (-€14,706)
- Receivables within one year +€14,706
up €14,706 (+77.1%), from €19,080 to €33,786
of which Trade receivables: +€7,551
- Tangible fixed assets -€11,585
down €11,585 (-30.3%), from €38,184 to €26,599
- Reserves -€106,337
down €106,337 (-92.4%), from €115,039 to €8,701
- Other debts +€75,274
up €75,274 (+186%), from €40,477 to €115,750
- Accrued charges and deferred income +€17,570
up €17,570 (+1,171%), from €1,500 to €19,070
- Trade debts +€4,820
up €4,820 (+51.7%), from €9,320 to €14,140
- Tax, wage and social debts -€2,739
down €2,739 (-25.5%), from €10,733 to €7,994
- Gross operating margin -€7,232
down €7,232 (-20.4%), from €35,475 to €28,243
- Taxes -€4,400
down €4,400 (-55.0%), from €7,994 to €3,594
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 | €197,069 | €186,752 | -€10,317 | -5.2% |
| Fixed assets | 21/28 | €38,199 | €26,614 | -€11,585 | -30.3% |
| Tangible fixed assets | 22/27 | €38,184 | €26,599 | -€11,585 | -30.3% |
| Furniture and vehicles | 24 | €38,184 | €26,599 | -€11,585 | -30.3% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €158,869 | €160,137 | +€1,268 | +0.8% |
| Stocks and contracts in progress | 3 | €11,422 | €12,906 | +€1,484 | +13.0% |
| Stocks | 30/36 | €11,422 | €12,906 | +€1,484 | +13.0% |
| Amounts receivable within one year | 40/41 | €19,080 | €33,786 | +€14,706 | +77.1% |
| Trade receivables | 40 | €19,080 | €26,632 | +€7,551 | +39.6% |
| Other amounts receivable | 41 | €0 | €7,155 | +€7,155 | |
| Cash at bank and in hand | 54/58 | €123,757 | €108,279 | -€15,478 | -12.5% |
| Deferred charges and accrued income | 490/1 | €4,610 | €5,166 | +€556 | +12.1% |
| Total equity and liabilities | 10/49 | €197,069 | €186,752 | -€10,317 | -5.2% |
| Equity | 10/15 | €135,039 | €28,701 | -€106,337 | -78.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €115,039 | €8,701 | -€106,337 | -92.4% |
| Distributable reserves | 133 | €115,039 | €8,701 | -€106,337 | -92.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,030 | €158,050 | +€96,020 | +155% |
| Amounts payable within one year | 42/48 | €60,530 | €138,980 | +€78,450 | +130% |
| Financial debts | 43 | - | €1,096 | +€1,096 | |
| Credit institutions | 430/8 | - | €1,096 | +€1,096 | |
| Trade debts | 44 | €9,320 | €14,140 | +€4,820 | +51.7% |
| Suppliers | 440/4 | €9,320 | €14,140 | +€4,820 | +51.7% |
| Taxes, remuneration and social security | 45 | €10,733 | €7,994 | -€2,739 | -25.5% |
| Taxes | 450/3 | €10,733 | €7,994 | -€2,739 | -25.5% |
| Other amounts payable | 47/48 | €40,477 | €115,750 | +€75,274 | +186% |
| Accrued charges and deferred income | 492/3 | €1,500 | €19,070 | +€17,570 | +1,171% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,259 | €11,585 | +€327 | +2.9% |
| Other operating charges | 640/8 | €800 | €1,033 | +€232 | +29.0% |
| Non-recurring operating charges | 66A | - | €3,371 | +€3,371 | |
| Gross operating margin | 9900 | €35,475 | €28,243 | -€7,232 | -20.4% |
| Operating profit (loss) | 9901 | €23,416 | €12,254 | -€11,162 | -47.7% |
| Financial income | 75/76B | €17 | €119 | +€102 | +604% |
| Recurring financial income | 75 | €17 | €119 | +€102 | +604% |
| Financial charges | 65/66B | €82 | €77 | -€5 | -5.8% |
| Recurring financial charges | 65 | €82 | €77 | -€5 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €23,351 | €12,295 | -€11,056 | -47.3% |
| Income taxes | 67/77 | €7,994 | €3,594 | -€4,400 | -55.0% |
| Profit (loss) for the period | 9904 | €15,357 | €8,701 | -€6,656 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,357 | €8,701 | -€6,656 | -43.3% |
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 26 October 2026 via checked.be.