PKEY: 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.
PKEY
Largest movements
- Receivables within one year +€109,705
up €109,705 (+691.9%), from €15,857 to €125,561
of which Other amounts receivable: +€101,807
- Cash -€30,772
down €30,772 (-65.3%), from €47,142 to €16,370
mainly Receivables within one year (-€109,705) and Other debts (-€1,498)
- Profit (loss) carried forward +€64,323
up €64,323 (+113.3%), from €56,754 to €121,077
- Tax, wage and social debts +€7,729
up €7,729 (+123.8%), from €6,243 to €13,972
- Trade debts +€7,493
new in 2025: €7,493
- Other debts -€1,498
no longer reported in 2025 (was €1,498)
- Gross operating margin +€8,404
up €8,404 (+11.4%), from €73,795 to €82,199
- Financial income +€2,838
up €2,838 (+286694.9%), from €1 to €2,839
- Taxes +€2,719
up €2,719 (+18.3%), from €14,830 to €17,549
- Other operating charges +€1,547
new in 2025: €1,547
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 | €64,995 | €143,042 | +€78,047 | +120.1% |
| Formation expenses | 20 | €104 | - | -€104 | |
| Fixed assets | 21/28 | €1,893 | €1,110 | -€782 | -41.3% |
| Tangible fixed assets | 22/27 | €1,893 | €1,110 | -€782 | -41.3% |
| Furniture and vehicles | 24 | €1,893 | €1,110 | -€782 | -41.3% |
| Current assets | 29/58 | €62,998 | €141,932 | +€78,933 | +125.3% |
| Amounts receivable within one year | 40/41 | €15,857 | €125,561 | +€109,705 | +691.9% |
| Trade receivables | 40 | €12,887 | €20,785 | +€7,898 | +61.3% |
| Other amounts receivable | 41 | €2,970 | €104,777 | +€101,807 | +3427.8% |
| Cash at bank and in hand | 54/58 | €47,142 | €16,370 | -€30,772 | -65.3% |
| Total equity and liabilities | 10/49 | €64,995 | €143,042 | +€78,047 | +120.1% |
| Equity | 10/15 | €57,254 | €121,577 | +€64,323 | +112.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,754 | €121,077 | +€64,323 | +113.3% |
| Amounts payable | 17/49 | €7,741 | €21,465 | +€13,725 | +177.3% |
| Amounts payable within one year | 42/48 | €7,741 | €21,465 | +€13,725 | +177.3% |
| Trade debts | 44 | - | €7,493 | +€7,493 | |
| Suppliers | 440/4 | - | €7,493 | +€7,493 | |
| Taxes, remuneration and social security | 45 | €6,243 | €13,972 | +€7,729 | +123.8% |
| Taxes | 450/3 | €6,243 | €13,972 | +€7,729 | +123.8% |
| Other amounts payable | 47/48 | €1,498 | - | -€1,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €886 | -€709 | -44.4% |
| Other operating charges | 640/8 | - | €1,547 | +€1,547 | |
| Gross operating margin | 9900 | €73,795 | €82,199 | +€8,404 | +11.4% |
| Operating profit (loss) | 9901 | €72,200 | €79,767 | +€7,566 | +10.5% |
| Financial income | 75/76B | €1 | €2,839 | +€2,838 | +286694.9% |
| Recurring financial income | 75 | €1 | €2,839 | +€2,838 | +286694.9% |
| Financial charges | 65/66B | €617 | €734 | +€117 | +19.0% |
| Recurring financial charges | 65 | €617 | €734 | +€117 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €71,584 | €81,872 | +€10,288 | +14.4% |
| Income taxes | 67/77 | €14,830 | €17,549 | +€2,719 | +18.3% |
| Profit (loss) for the period | 9904 | €56,754 | €64,323 | +€7,569 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,754 | €64,323 | +€7,569 | +13.3% |
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 4 October 2026 via checked.be.