Keytrends: 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.
Keytrends
Largest movements
- Receivables after one year -€6,000
down €6,000 (-6.1%), from €98,500 to €92,500
- Cash +€5,482
up €5,482 (+26.3%), from €20,840 to €26,322
mainly Receivables after one year (+€6,000) and Stocks and contracts (+€65)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€3,097
up €3,097, from -€2,437 to €660
- Financial income -€1,952
down €1,952 (-65.4%), from €2,986 to €1,034
- Other operating charges +€99
up €99 (+7.3%), from €1,357 to €1,456
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 | €141,519 | €141,271 | -€248 | -0.2% |
| Fixed assets | 21/28 | €12,382 | €12,382 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,382 | €12,382 | = | 0.0% |
| Land and buildings | 22 | €12,382 | €12,382 | = | 0.0% |
| Current assets | 29/58 | €129,137 | €128,889 | -€248 | -0.2% |
| Amounts receivable after more than one year | 29 | €98,500 | €92,500 | -€6,000 | -6.1% |
| Other amounts receivable | 291 | €98,500 | €92,500 | -€6,000 | -6.1% |
| Stocks and contracts in progress | 3 | €5,047 | €4,983 | -€65 | -1.3% |
| Stocks | 30/36 | €5,047 | €4,983 | -€65 | -1.3% |
| Amounts receivable within one year | 40/41 | €4,197 | €4,497 | +€300 | +7.1% |
| Trade receivables | 40 | €4,183 | €4,448 | +€265 | +6.3% |
| Other amounts receivable | 41 | €14 | €48 | +€35 | +254% |
| Cash at bank and in hand | 54/58 | €20,840 | €26,322 | +€5,482 | +26.3% |
| Deferred charges and accrued income | 490/1 | €553 | €588 | +€35 | +6.2% |
| Total equity and liabilities | 10/49 | €141,519 | €141,271 | -€248 | -0.2% |
| Equity | 10/15 | €139,595 | €139,398 | -€197 | -0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €66,200 | €66,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,395 | €11,198 | -€197 | -1.7% |
| Amounts payable | 17/49 | €1,924 | €1,873 | -€51 | -2.7% |
| Amounts payable within one year | 42/48 | €1,924 | €1,873 | -€51 | -2.7% |
| Trade debts | 44 | €1,551 | €1,526 | -€25 | -1.6% |
| Suppliers | 440/4 | €1,551 | €1,526 | -€25 | -1.6% |
| Taxes, remuneration and social security | 45 | €373 | €347 | -€27 | -7.2% |
| Taxes | 450/3 | €373 | €347 | -€27 | -7.2% |
| Other operating charges | 640/8 | €1,357 | €1,456 | +€99 | +7.3% |
| Gross operating margin | 9900 | -€2,437 | €660 | +€3,097 | |
| Operating profit (loss) | 9901 | -€3,794 | -€796 | +€2,998 | +79.0% |
| Financial income | 75/76B | €2,986 | €1,034 | -€1,952 | -65.4% |
| Recurring financial income | 75 | €2,986 | €1,034 | -€1,952 | -65.4% |
| Financial charges | 65/66B | €31 | €54 | +€23 | +74.7% |
| Recurring financial charges | 65 | €31 | €54 | +€23 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | -€840 | €183 | +€1,023 | |
| Income taxes | 67/77 | €390 | €380 | -€10 | -2.5% |
| Profit (loss) for the period | 9904 | -€1,230 | -€197 | +€1,033 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,230 | -€197 | +€1,033 | +84.0% |
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 17 October 2026 via checked.be.