KEYSTONE SOLUTIONS: 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.
What changed
KEYSTONE SOLUTIONS
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,684
2024 · €4,664+€6,020
Equity
€420,028
2024 · €409,344+€10,684
Cash
€198,716
2024 · €151,933+€46,783
Balance sheet total
€2.3m
2024 · €2.0m+€340,163
Largest movements
Assets
- Receivables within one year +€379,601
up €379,601 (+23.5%), from €1.6m to €2.0m
of which Trade receivables: +€440,295
- Deferred charges and accrued income -€60,742
down €60,742 (-58.1%), from €104,474 to €43,732
- Cash +€46,783
up €46,783 (+30.8%), from €151,933 to €198,716
mainly Trade debts (+€372,219) and Deferred charges and accrued income (+€60,742)
Equity and liabilities
- Trade debts +€372,219
up €372,219 (+91.9%), from €404,925 to €777,143
- Short-term financial debts -€79,550
down €79,550 (-14.5%), from €550,411 to €470,861
Income statement
- Gross operating margin -€384,897
down €384,897 (-11.6%), from €3.3m to €2.9m
- Staff costs -€377,804
down €377,804 (-12.2%), from €3.1m to €2.7m
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.
Result 2024
€4,664
Gross operating margin
-€384,897
Staff costs
+€377,804
Depreciation
-€4,341
Other operating charges
+€8,020
Other operating items
-€2,161
Financial income
+€597
Financial charges
-€1,253
Taxes
+€12,251
Result 2025
€10,684
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€130,568
Investment
-€2,592
Financing
-€81,193
Cash 2024
€151,933
From operations (derived)
+€130,568
Net result for the year
+€10,684
Depreciation
+€28,070
Receivables within one year
-€379,601
Deferred charges and accrued income
+€60,742
Trade debts
+€372,219
Tax, wage and social debts
+€16,875
Other debts
+€16,679
Accrued charges and deferred income
+€4,900
Investment (derived)
-€2,592
Investment in fixed assets (net)
-€2,592
Financing
-€81,193
Debts after one year
-€1,568
Current portion of long-term debt
-€75
Short-term financial debts
-€79,550
Cash 2025
€198,716
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,996,390 | €2,336,553 | +€340,163 | +17.0% |
| Fixed assets | 21/28 | €126,250 | €100,771 | -€25,478 | -20.2% |
| Tangible fixed assets | 22/27 | €80,800 | €60,866 | -€19,934 | -24.7% |
| Furniture and vehicles | 24 | €45,684 | €33,734 | -€11,950 | -26.2% |
| Other tangible fixed assets | 26 | €35,116 | €27,131 | -€7,984 | -22.7% |
| Financial fixed assets | 28 | €45,449 | €39,905 | -€5,544 | -12.2% |
| Current assets | 29/58 | €1,870,140 | €2,235,782 | +€365,642 | +19.6% |
| Amounts receivable within one year | 40/41 | €1,613,733 | €1,993,334 | +€379,601 | +23.5% |
| Trade receivables | 40 | €974,814 | €1,415,110 | +€440,295 | +45.2% |
| Other amounts receivable | 41 | €638,919 | €578,225 | -€60,694 | -9.5% |
| Cash at bank and in hand | 54/58 | €151,933 | €198,716 | +€46,783 | +30.8% |
| Deferred charges and accrued income | 490/1 | €104,474 | €43,732 | -€60,742 | -58.1% |
| Total equity and liabilities | 10/49 | €1,996,390 | €2,336,553 | +€340,163 | +17.0% |
| Equity | 10/15 | €409,344 | €420,028 | +€10,684 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,562 | €6,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,702 | €4,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €384,182 | €394,866 | +€10,684 | +2.8% |
| Amounts payable | 17/49 | €1,587,046 | €1,916,525 | +€329,479 | +20.8% |
| Amounts payable after more than one year | 17 | €1,568 | - | -€1,568 | |
| Financial debts | 170/4 | €1,568 | - | -€1,568 | |
| Amounts payable within one year | 42/48 | €1,585,478 | €1,911,625 | +€326,147 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €1,643 | €1,568 | -€75 | -4.6% |
| Financial debts | 43 | €550,411 | €470,861 | -€79,550 | -14.5% |
| Credit institutions | 430/8 | €550,411 | €470,861 | -€79,550 | -14.5% |
| Trade debts | 44 | €404,925 | €777,143 | +€372,219 | +91.9% |
| Suppliers | 440/4 | €404,925 | €777,143 | +€372,219 | +91.9% |
| Taxes, remuneration and social security | 45 | €493,499 | €510,374 | +€16,875 | +3.4% |
| Taxes | 450/3 | €209,927 | €237,959 | +€28,032 | +13.4% |
| Remuneration and social security | 454/9 | €283,572 | €272,415 | -€11,157 | -3.9% |
| Other amounts payable | 47/48 | €135,000 | €151,679 | +€16,679 | +12.4% |
| Accrued charges and deferred income | 492/3 | - | €4,900 | +€4,900 | |
| Non-recurring operating income | 76A | - | €39,559 | +€39,559 | |
| Remuneration, social security and pensions | 62 | €3,101,097 | €2,723,293 | -€377,804 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,729 | €28,070 | +€4,341 | +18.3% |
| Other operating charges | 640/8 | €52,248 | €44,228 | -€8,020 | -15.3% |
| Non-recurring operating charges | 66A | - | €2,161 | +€2,161 | |
| Gross operating margin | 9900 | €3,317,676 | €2,932,779 | -€384,897 | -11.6% |
| Operating profit (loss) | 9901 | €140,603 | €135,028 | -€5,575 | -4.0% |
| Financial income | 75/76B | - | €597 | +€597 | |
| Recurring financial income | 75 | - | €597 | +€597 | |
| Financial charges | 65/66B | €61,394 | €62,646 | +€1,253 | +2.0% |
| Recurring financial charges | 65 | €61,394 | €62,646 | +€1,253 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €79,209 | €72,978 | -€6,231 | -7.9% |
| Income taxes | 67/77 | €74,545 | €62,294 | -€12,251 | -16.4% |
| Profit (loss) for the period | 9904 | €4,664 | €10,684 | +€6,020 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €4,664 | €10,684 | +€6,020 | +129% |
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 21 October 2026 via checked.be.