KEYWI CREATIVE STUDIO: 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.
KEYWI CREATIVE STUDIO
Largest movements
- Tangible fixed assets -€8,484
down €8,484 (-2.7%), from €312,653 to €304,169
of which Land and buildings: -€16,152
- Cash +€5,637
up €5,637 (+321.0%), from €1,756 to €7,394
mainly Depreciation (+€19,336) and Advances received (+€12,560)
- Receivables within one year +€3,654
up €3,654 (+72.7%), from €5,029 to €8,683
of which Trade receivables: +€4,290
- Advances received +€12,560
new in 2025: €12,560
- Profit (loss) carried forward -€11,648
down €11,648 (-59.6%), from -€19,557 to -€31,205
- Debts after one year -€8,483
down €8,483 (-3.2%), from €267,142 to €258,660
- Other debts +€5,193
up €5,193 (+15.8%), from €32,885 to €38,079
- Trade debts +€3,557
up €3,557 (+327.3%), from €1,087 to €4,643
- Gross operating margin +€2,460
up €2,460 (+12.9%), from €19,049 to €21,509
- Depreciation +€1,408
up €1,408 (+7.9%), from €17,927 to €19,336
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 | €321,827 | €320,726 | -€1,101 | -0.3% |
| Fixed assets | 21/28 | €312,653 | €304,169 | -€8,484 | -2.7% |
| Tangible fixed assets | 22/27 | €312,653 | €304,169 | -€8,484 | -2.7% |
| Land and buildings | 22 | €299,050 | €282,898 | -€16,152 | -5.4% |
| Plant, machinery and equipment | 23 | €13,604 | €21,271 | +€7,667 | +56.4% |
| Current assets | 29/58 | €9,174 | €16,557 | +€7,384 | +80.5% |
| Stocks and contracts in progress | 3 | - | €70 | +€70 | |
| Stocks | 30/36 | - | €70 | +€70 | |
| Amounts receivable within one year | 40/41 | €5,029 | €8,683 | +€3,654 | +72.7% |
| Trade receivables | 40 | €4,364 | €8,654 | +€4,290 | +98.3% |
| Other amounts receivable | 41 | €665 | €29 | -€636 | -95.6% |
| Cash at bank and in hand | 54/58 | €1,756 | €7,394 | +€5,637 | +321.0% |
| Deferred charges and accrued income | 490/1 | €2,389 | €411 | -€1,978 | -82.8% |
| Total equity and liabilities | 10/49 | €321,827 | €320,726 | -€1,101 | -0.3% |
| Equity | 10/15 | €9,043 | -€2,605 | -€11,648 | |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,557 | -€31,205 | -€11,648 | -59.6% |
| Amounts payable | 17/49 | €312,784 | €323,331 | +€10,548 | +3.4% |
| Amounts payable after more than one year | 17 | €267,142 | €258,660 | -€8,483 | -3.2% |
| Financial debts | 170/4 | €267,142 | €258,660 | -€8,483 | -3.2% |
| Amounts payable within one year | 42/48 | €42,774 | €64,065 | +€21,290 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €8,141 | €8,483 | +€342 | +4.2% |
| Trade debts | 44 | €1,087 | €4,643 | +€3,557 | +327.3% |
| Suppliers | 440/4 | €1,087 | €4,643 | +€3,557 | +327.3% |
| Advances received on contracts in progress | 46 | - | €12,560 | +€12,560 | |
| Taxes, remuneration and social security | 45 | €661 | €300 | -€361 | -54.6% |
| Taxes | 450/3 | €661 | €300 | -€361 | -54.6% |
| Other amounts payable | 47/48 | €32,885 | €38,079 | +€5,193 | +15.8% |
| Accrued charges and deferred income | 492/3 | €2,868 | €607 | -€2,260 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,927 | €19,336 | +€1,408 | +7.9% |
| Other operating charges | 640/8 | €3,220 | €3,377 | +€157 | +4.9% |
| Gross operating margin | 9900 | €19,049 | €21,509 | +€2,460 | +12.9% |
| Operating profit (loss) | 9901 | -€2,098 | -€1,204 | +€895 | +42.6% |
| Financial charges | 65/66B | €10,564 | €10,445 | -€120 | -1.1% |
| Recurring financial charges | 65 | €10,564 | €10,445 | -€120 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,663 | -€11,648 | +€1,014 | +8.0% |
| Profit (loss) for the period | 9904 | -€12,663 | -€11,648 | +€1,014 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,663 | -€11,648 | +€1,014 | +8.0% |
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 6 October 2026 via checked.be.