Keyzilis: 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.
Keyzilis
Largest movements
- Cash +€44,495
up €44,495 (+44.9%), from €99,206 to €143,701
mainly Net result for the year (+€60,934) and Tax, wage and social debts (+€7,873)
- Tangible fixed assets +€26,318
up €26,318 (+871.2%), from €3,021 to €29,339
of which Furniture and vehicles: +€26,781
- Receivables within one year -€2,783
down €2,783 (-15.4%), from €18,072 to €15,290
of which Other amounts receivable: -€2,826
- Profit (loss) carried forward +€60,934
up €60,934 (+61.3%), from €99,355 to €160,289
- Tax, wage and social debts +€7,873
up €7,873 (+47.9%), from €16,448 to €24,321
- Gross operating margin +€50,896
up €50,896 (+156.5%), from €32,524 to €83,419
- Taxes +€9,061
up €9,061 (+139.4%), from €6,498 to €15,559
- Depreciation +€6,041
up €6,041 (+604.2%), from €1,000 to €7,040
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 | €121,159 | €190,784 | +€69,625 | +57.5% |
| Fixed assets | 21/28 | €3,021 | €29,339 | +€26,318 | +871.2% |
| Tangible fixed assets | 22/27 | €3,021 | €29,339 | +€26,318 | +871.2% |
| Plant, machinery and equipment | 23 | €1,641 | €1,179 | -€463 | -28.2% |
| Furniture and vehicles | 24 | €1,380 | €28,161 | +€26,781 | +1941.0% |
| Current assets | 29/58 | €118,138 | €161,445 | +€43,307 | +36.7% |
| Amounts receivable within one year | 40/41 | €18,072 | €15,290 | -€2,783 | -15.4% |
| Trade receivables | 40 | €15,246 | €15,290 | +€44 | +0.3% |
| Other amounts receivable | 41 | €2,826 | - | -€2,826 | |
| Cash at bank and in hand | 54/58 | €99,206 | €143,701 | +€44,495 | +44.9% |
| Deferred charges and accrued income | 490/1 | €860 | €2,455 | +€1,595 | +185.4% |
| Total equity and liabilities | 10/49 | €121,159 | €190,784 | +€69,625 | +57.5% |
| Equity | 10/15 | €104,355 | €165,289 | +€60,934 | +58.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,355 | €160,289 | +€60,934 | +61.3% |
| Amounts payable | 17/49 | €16,804 | €25,495 | +€8,691 | +51.7% |
| Amounts payable within one year | 42/48 | €16,804 | €25,495 | +€8,691 | +51.7% |
| Trade debts | 44 | €356 | €1,174 | +€818 | +230.0% |
| Suppliers | 440/4 | €356 | €1,174 | +€818 | +230.0% |
| Taxes, remuneration and social security | 45 | €16,448 | €24,321 | +€7,873 | +47.9% |
| Taxes | 450/3 | €16,448 | €24,321 | +€7,873 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €7,040 | +€6,041 | +604.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €32,524 | €83,419 | +€50,896 | +156.5% |
| Operating profit (loss) | 9901 | €31,524 | €75,979 | +€44,455 | +141.0% |
| Financial income | 75/76B | €203 | €645 | +€442 | +217.8% |
| Recurring financial income | 75 | €203 | €645 | +€442 | +217.8% |
| Financial charges | 65/66B | €114 | €131 | +€17 | +14.8% |
| Recurring financial charges | 65 | €114 | €131 | +€17 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €31,613 | €76,493 | +€44,880 | +142.0% |
| Income taxes | 67/77 | €6,498 | €15,559 | +€9,061 | +139.4% |
| Profit (loss) for the period | 9904 | €25,115 | €60,934 | +€35,819 | +142.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,115 | €60,934 | +€35,819 | +142.6% |
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 3 October 2026 via checked.be.