The Key 2 IT: 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.
The Key 2 IT
Largest movements
- Deferred charges and accrued income -€149,262
down €149,262 (-91.0%), from €164,017 to €14,754
- Receivables within one year -€51,098
down €51,098 (-42.9%), from €119,102 to €68,004
of which Trade receivables: -€31,115
- Cash -€21,895
down €21,895 (-39.8%), from €55,005 to €33,110
mainly Accrued charges and deferred income (-€172,242) and Trade debts (-€34,064)
- Tangible fixed assets -€12,389
down €12,389 (-54.2%), from €22,845 to €10,456
of which Plant, machinery and equipment: -€11,958
- Accrued charges and deferred income -€172,242
down €172,242 (-100%), from €172,242 to €0
- Trade debts -€34,064
down €34,064 (-88.0%), from €38,705 to €4,641
- Profit (loss) carried forward -€24,782
down €24,782, from €5,279 to -€19,503
- Gross operating margin -€40,107
down €40,107, from €32,594 to -€7,513
- Taxes -€3,114
down €3,114 (-85.9%), from €3,626 to €512
- Depreciation -€1,290
down €1,290 (-7.4%), from €17,532 to €16,242
- Other operating charges +€616
up €616 (+181%), from €340 to €955
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 | €388,848 | €154,005 | -€234,842 | -60.4% |
| Fixed assets | 21/28 | €25,723 | €13,137 | -€12,586 | -48.9% |
| Intangible fixed assets | 21 | €2,878 | €2,181 | -€697 | -24.2% |
| Tangible fixed assets | 22/27 | €22,845 | €10,456 | -€12,389 | -54.2% |
| Plant, machinery and equipment | 23 | €22,414 | €10,456 | -€11,958 | -53.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €432 | €0 | -€432 | -100% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €363,124 | €140,869 | -€222,256 | -61.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €119,102 | €68,004 | -€51,098 | -42.9% |
| Trade receivables | 40 | €57,091 | €25,976 | -€31,115 | -54.5% |
| Other amounts receivable | 41 | €62,011 | €42,028 | -€19,983 | -32.2% |
| Cash at bank and in hand | 54/58 | €55,005 | €33,110 | -€21,895 | -39.8% |
| Deferred charges and accrued income | 490/1 | €164,017 | €14,754 | -€149,262 | -91.0% |
| Total equity and liabilities | 10/49 | €388,848 | €154,005 | -€234,842 | -60.4% |
| Equity | 10/15 | €169,089 | €144,307 | -€24,782 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,209 | €145,209 | = | 0.0% |
| Distributable reserves | 133 | €145,209 | €145,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,279 | -€19,503 | -€24,782 | |
| Amounts payable | 17/49 | €219,759 | €9,699 | -€210,060 | -95.6% |
| Amounts payable within one year | 42/48 | €47,517 | €9,699 | -€37,818 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €5,074 | €5,058 | -€17 | -0.3% |
| Financial debts | 43 | €2,214 | €0 | -€2,214 | -100% |
| Credit institutions | 430/8 | €2,214 | €0 | -€2,214 | -100% |
| Trade debts | 44 | €38,705 | €4,641 | -€34,064 | -88.0% |
| Suppliers | 440/4 | €38,705 | €4,641 | -€34,064 | -88.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,524 | €0 | -€1,524 | -100% |
| Accrued charges and deferred income | 492/3 | €172,242 | €0 | -€172,242 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,532 | €16,242 | -€1,290 | -7.4% |
| Other operating charges | 640/8 | €340 | €955 | +€616 | +181% |
| Gross operating margin | 9900 | €32,594 | -€7,513 | -€40,107 | |
| Operating profit (loss) | 9901 | €14,722 | -€24,711 | -€39,433 | |
| Financial income | 75/76B | €1,607 | €1,459 | -€149 | -9.3% |
| Recurring financial income | 75 | €1,607 | €1,459 | -€149 | -9.3% |
| Financial charges | 65/66B | €1,246 | €1,017 | -€229 | -18.4% |
| Recurring financial charges | 65 | €1,246 | €1,017 | -€229 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €15,084 | -€24,269 | -€39,353 | |
| Income taxes | 67/77 | €3,626 | €512 | -€3,114 | -85.9% |
| Profit (loss) for the period | 9904 | €11,458 | -€24,782 | -€36,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,458 | -€24,782 | -€36,239 |
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 26 October 2026 via checked.be.