La Clé du Sud: what changed
What changed
La Clé du Sud
NACE 46.499, Wholesale of other household goods
filed annual accounts (NBB)
Net result for the year
-€3,402
2024 · €11,440-€14,843
Equity
€24,653
2024 · €28,056-€3,402
Cash
€20,953
2024 · €16,077+€4,876
Balance sheet total
€85,733
2024 · €77,129+€8,604
Largest movements
Assets
- Cash +€4,876
up €4,876 (+30.3%), from €16,077 to €20,953
mainly Depreciation (+€26,646) and Other debts (+€21,736)
- Receivables within one year +€2,856
up €2,856 (+73.6%), from €3,879 to €6,735
of which Trade receivables: +€1,704
Equity and liabilities
- Other debts +€21,736
up €21,736 (+148%), from €14,714 to €36,450
- Debts after one year -€12,978
down €12,978 (-80.1%), from €16,196 to €3,218
- Profit (loss) carried forward -€3,402
down €3,402 (-9.5%), from -€35,653 to -€39,055
- Trade debts +€1,858
up €1,858 (+41.4%), from €4,484 to €6,343
- Current portion of long-term debt +€1,499
up €1,499 (+13.1%), from €11,479 to €12,978
Income statement
- Gross operating margin -€11,258
down €11,258 (-29.1%), from €38,710 to €27,452
- Depreciation +€3,709
up €3,709 (+16.2%), from €22,937 to €26,646
- Financial income -€490
down €490 (-98.0%), from €499 to €10
- Financial charges -€417
down €417 (-20.5%), from €2,030 to €1,613
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,440
Gross operating margin
-€11,258
Depreciation
-€3,709
Other operating charges
+€197
Financial income
-€490
Financial charges
+€417
Taxes
+€0
Result 2025
-€3,402
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,660
Investment
-€27,305
Financing
-€11,479
Cash 2024
€16,077
From operations (derived)
+€43,660
Net result for the year
-€3,402
Depreciation
+€26,646
Stocks and contracts
+€565
Receivables within one year
-€2,856
Deferred charges and accrued income
-€779
Trade debts
+€1,858
Tax, wage and social debts
-€193
Advances received
-€343
Other debts
+€21,736
Accrued charges and deferred income
+€427
Investment (derived)
-€27,305
Investment in fixed assets (net)
-€27,305
Financing
-€11,479
Debts after one year
-€12,978
Current portion of long-term debt
+€1,499
Cash 2025
€20,953
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,129 | €85,733 | +€8,604 | +11.2% |
| Fixed assets | 21/28 | €50,650 | €51,309 | +€659 | +1.3% |
| Tangible fixed assets | 22/27 | €50,650 | €51,309 | +€659 | +1.3% |
| Land and buildings | 22 | €40,303 | €21,051 | -€19,252 | -47.8% |
| Plant, machinery and equipment | 23 | €9,593 | €6,471 | -€3,122 | -32.5% |
| Furniture and vehicles | 24 | €755 | €23,787 | +€23,033 | +3,052% |
| Current assets | 29/58 | €26,478 | €34,424 | +€7,945 | +30.0% |
| Stocks and contracts in progress | 3 | €4,344 | €3,779 | -€565 | -13.0% |
| Stocks | 30/36 | €4,344 | €3,779 | -€565 | -13.0% |
| Amounts receivable within one year | 40/41 | €3,879 | €6,735 | +€2,856 | +73.6% |
| Trade receivables | 40 | €3,807 | €5,510 | +€1,704 | +44.8% |
| Other amounts receivable | 41 | €72 | €1,225 | +€1,153 | +1,593% |
| Cash at bank and in hand | 54/58 | €16,077 | €20,953 | +€4,876 | +30.3% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,957 | +€779 | +35.8% |
| Total equity and liabilities | 10/49 | €77,129 | €85,733 | +€8,604 | +11.2% |
| Equity | 10/15 | €28,056 | €24,653 | -€3,402 | -12.1% |
| Contributions | 10/11 | €63,709 | €63,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,653 | -€39,055 | -€3,402 | -9.5% |
| Amounts payable | 17/49 | €49,073 | €61,080 | +€12,007 | +24.5% |
| Amounts payable after more than one year | 17 | €16,196 | €3,218 | -€12,978 | -80.1% |
| Financial debts | 170/4 | €16,196 | €3,218 | -€12,978 | -80.1% |
| Amounts payable within one year | 42/48 | €32,872 | €57,429 | +€24,558 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €11,479 | €12,978 | +€1,499 | +13.1% |
| Trade debts | 44 | €4,484 | €6,343 | +€1,858 | +41.4% |
| Suppliers | 440/4 | €4,484 | €6,343 | +€1,858 | +41.4% |
| Advances received on contracts in progress | 46 | €895 | €552 | -€343 | -38.3% |
| Taxes, remuneration and social security | 45 | €1,300 | €1,107 | -€193 | -14.8% |
| Taxes | 450/3 | €1,300 | €1,107 | -€193 | -14.8% |
| Other amounts payable | 47/48 | €14,714 | €36,450 | +€21,736 | +148% |
| Accrued charges and deferred income | 492/3 | €6 | €433 | +€427 | +7,377% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,937 | €26,646 | +€3,709 | +16.2% |
| Other operating charges | 640/8 | €2,681 | €2,483 | -€197 | -7.4% |
| Gross operating margin | 9900 | €38,710 | €27,452 | -€11,258 | -29.1% |
| Operating profit (loss) | 9901 | €13,092 | -€1,678 | -€14,770 | |
| Financial income | 75/76B | €499 | €10 | -€490 | -98.0% |
| Recurring financial income | 75 | €499 | €10 | -€490 | -98.0% |
| Financial charges | 65/66B | €2,030 | €1,613 | -€417 | -20.5% |
| Recurring financial charges | 65 | €2,030 | €1,613 | -€417 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €11,562 | -€3,281 | -€14,843 | |
| Income taxes | 67/77 | €121 | €121 | -€0 | -0.4% |
| Profit (loss) for the period | 9904 | €11,440 | -€3,402 | -€14,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,440 | -€3,402 | -€14,843 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.