SHOE & KEYFIX CHRIS: 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.
SHOE & KEYFIX CHRIS
Largest movements
- Tangible fixed assets +€9,606
up €9,606 (+91.8%), from €10,463 to €20,069
of which Furniture and vehicles: +€11,273
- Cash -€6,031
down €6,031 (-20.8%), from €29,019 to €22,988
mainly Investment in fixed assets (net) (-€14,024) and Receivables within one year (-€1,659)
- Receivables within one year +€1,659
up €1,659 (+956%), from €174 to €1,832
of which Other amounts receivable: +€1,832
- Stocks and contracts -€1,579
down €1,579 (-3.2%), from €49,706 to €48,126
- Reserves +€2,654
up €2,654 (+7.6%), from €34,798 to €37,452
- Trade debts +€1,449
up €1,449 (+26.3%), from €5,516 to €6,965
- Gross operating margin -€11,653
down €11,653 (-44.8%), from €26,005 to €14,352
- Taxes -€3,369
down €3,369 (-73.0%), from €4,618 to €1,249
- Financial charges -€701
down €701 (-18.9%), from €3,708 to €3,007
of which Financial charges: -€748
- Depreciation +€651
up €651 (+17.3%), from €3,767 to €4,418
- Other operating charges +€571
up €571 (+21.0%), from €2,725 to €3,296
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 | €89,361 | €93,015 | +€3,654 | +4.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,463 | €20,069 | +€9,606 | +91.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €10,463 | €20,069 | +€9,606 | +91.8% |
| Plant, machinery and equipment | 23 | €9,775 | €8,108 | -€1,667 | -17.1% |
| Furniture and vehicles | 24 | €688 | €11,961 | +€11,273 | +1,638% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €78,898 | €72,946 | -€5,952 | -7.5% |
| Stocks and contracts in progress | 3 | €49,706 | €48,126 | -€1,579 | -3.2% |
| Stocks | 30/36 | €49,706 | €48,126 | -€1,579 | -3.2% |
| Amounts receivable within one year | 40/41 | €174 | €1,832 | +€1,659 | +956% |
| Trade receivables | 40 | €174 | - | -€174 | |
| Other amounts receivable | 41 | - | €1,832 | +€1,832 | |
| Cash at bank and in hand | 54/58 | €29,019 | €22,988 | -€6,031 | -20.8% |
| Total equity and liabilities | 10/49 | €89,361 | €93,015 | +€3,654 | +4.1% |
| Equity | 10/15 | €53,398 | €56,052 | +€2,654 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,798 | €37,452 | +€2,654 | +7.6% |
| Distributable reserves | 133 | €34,798 | €37,452 | +€2,654 | +7.6% |
| Amounts payable | 17/49 | €35,962 | €36,963 | +€1,001 | +2.8% |
| Amounts payable within one year | 42/48 | €34,151 | €35,114 | +€963 | +2.8% |
| Trade debts | 44 | €5,516 | €6,965 | +€1,449 | +26.3% |
| Suppliers | 440/4 | €5,516 | €6,965 | +€1,449 | +26.3% |
| Advances received on contracts in progress | 46 | €712 | €502 | -€210 | -29.5% |
| Taxes, remuneration and social security | 45 | €3,965 | €4,012 | +€47 | +1.2% |
| Taxes | 450/3 | €3,965 | €4,012 | +€47 | +1.2% |
| Other amounts payable | 47/48 | €23,958 | €23,635 | -€322 | -1.3% |
| Accrued charges and deferred income | 492/3 | €1,812 | €1,849 | +€38 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,767 | €4,418 | +€651 | +17.3% |
| Other operating charges | 640/8 | €2,725 | €3,296 | +€571 | +21.0% |
| Gross operating margin | 9900 | €26,005 | €14,352 | -€11,653 | -44.8% |
| Operating profit (loss) | 9901 | €19,514 | €6,639 | -€12,875 | -66.0% |
| Financial income | 75/76B | €231 | €271 | +€39 | +17.0% |
| Recurring financial income | 75 | €231 | €271 | +€39 | +17.0% |
| Financial charges | 65/66B | €3,708 | €3,007 | -€701 | -18.9% |
| Recurring financial charges | 65 | €3,708 | €2,960 | -€748 | -20.2% |
| Non-recurring financial charges | 66B | - | €47 | +€47 | |
| Profit (loss) for the period before taxes | 9903 | €16,037 | €3,903 | -€12,135 | -75.7% |
| Income taxes | 67/77 | €4,618 | €1,249 | -€3,369 | -73.0% |
| Profit (loss) for the period | 9904 | €11,420 | €2,654 | -€8,766 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,420 | €2,654 | -€8,766 | -76.8% |
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 19 October 2026 via checked.be.