KEYLIN: 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.
KEYLIN
Largest movements
- Tangible fixed assets +€42,100
up €42,100 (+11.2%), from €377,526 to €419,626
of which Plant, machinery and equipment: +€62,784
- Profit (loss) carried forward +€36,028
up €36,028 (+26.7%), from €134,869 to €170,897
- Tax, wage and social debts +€27,245
up €27,245 (+42.5%), from €64,053 to €91,298
of which Taxes: +€24,654
- Debts after one year -€17,188
down €17,188 (-5.8%), from €294,454 to €277,266
- Other debts -€8,500
down €8,500 (-16.7%), from €51,000 to €42,500
- Gross operating margin +€28,777
up €28,777 (+16.6%), from €173,035 to €201,812
- Taxes +€12,607
up €12,607 (+56.3%), from €22,393 to €35,000
- Staff costs -€2,992
down €2,992 (-11.7%), from €25,633 to €22,641
- Depreciation +€2,307
up €2,307 (+5.3%), from €43,241 to €45,548
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €680,075 | €721,849 | +€41,774 | +6.1% |
| Fixed assets | 21/28 | €377,526 | €419,626 | +€42,100 | +11.2% |
| Tangible fixed assets | 22/27 | €377,526 | €419,626 | +€42,100 | +11.2% |
| Land and buildings | 22 | €263,260 | €249,404 | -€13,856 | -5.3% |
| Plant, machinery and equipment | 23 | €64,598 | €127,382 | +€62,784 | +97.2% |
| Furniture and vehicles | 24 | €49,668 | €42,840 | -€6,828 | -13.7% |
| Current assets | 29/58 | €302,549 | €302,223 | -€326 | -0.1% |
| Amounts receivable within one year | 40/41 | €209,075 | €203,153 | -€5,922 | -2.8% |
| Trade receivables | 40 | €197,865 | €184,295 | -€13,570 | -6.9% |
| Other amounts receivable | 41 | €11,210 | €18,858 | +€7,648 | +68.2% |
| Cash at bank and in hand | 54/58 | €91,338 | €95,310 | +€3,972 | +4.3% |
| Deferred charges and accrued income | 490/1 | €2,136 | €3,760 | +€1,624 | +76.0% |
| Total equity and liabilities | 10/49 | €680,075 | €721,849 | +€41,774 | +6.1% |
| Equity | 10/15 | €153,469 | €189,497 | +€36,028 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,869 | €170,897 | +€36,028 | +26.7% |
| Amounts payable | 17/49 | €526,606 | €532,352 | +€5,746 | +1.1% |
| Amounts payable after more than one year | 17 | €294,454 | €277,266 | -€17,188 | -5.8% |
| Financial debts | 170/4 | €294,454 | €277,266 | -€17,188 | -5.8% |
| Amounts payable within one year | 42/48 | €232,152 | €255,086 | +€22,934 | +9.9% |
| Trade debts | 44 | €114,769 | €118,958 | +€4,189 | +3.6% |
| Suppliers | 440/4 | €114,769 | €118,958 | +€4,189 | +3.6% |
| Advances received on contracts in progress | 46 | €2,330 | €2,330 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,053 | €91,298 | +€27,245 | +42.5% |
| Taxes | 450/3 | €63,572 | €88,226 | +€24,654 | +38.8% |
| Remuneration and social security | 454/9 | €481 | €3,072 | +€2,591 | +539% |
| Other amounts payable | 47/48 | €51,000 | €42,500 | -€8,500 | -16.7% |
| Remuneration, social security and pensions | 62 | €25,633 | €22,641 | -€2,992 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,241 | €45,548 | +€2,307 | +5.3% |
| Other operating charges | 640/8 | €5,405 | €5,044 | -€361 | -6.7% |
| Non-recurring operating charges | 66A | €1,266 | €5,688 | +€4,422 | +349% |
| Gross operating margin | 9900 | €173,035 | €201,812 | +€28,777 | +16.6% |
| Operating profit (loss) | 9901 | €97,490 | €122,891 | +€25,401 | +26.1% |
| Financial charges | 65/66B | €324 | €1,864 | +€1,540 | +475% |
| Recurring financial charges | 65 | €324 | €1,864 | +€1,540 | +475% |
| Profit (loss) for the period before taxes | 9903 | €97,166 | €121,027 | +€23,861 | +24.6% |
| Income taxes | 67/77 | €22,393 | €35,000 | +€12,607 | +56.3% |
| Profit (loss) for the period | 9904 | €74,773 | €86,027 | +€11,254 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,773 | €86,027 | +€11,254 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.