KEYTECHNIK: 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.
KEYTECHNIK
Largest movements
- Receivables within one year +€339,808
up €339,808 (+59.1%), from €574,578 to €914,386
of which Trade receivables: +€339,834
- Stocks and contracts +€49,733
up €49,733 (+45.3%), from €109,844 to €159,577
- Tangible fixed assets -€21,154
down €21,154 (-6.2%), from €340,148 to €318,994
of which Land and buildings: -€19,370
- Reserves +€652,019
up €652,019 (+21,734%), from €3,000 to €655,019
- Profit (loss) carried forward -€254,205
down €254,205 (-100%), from €254,205 to €0
- Other debts -€18,203
down €18,203 (-28.3%), from €64,398 to €46,195
- Gross operating margin +€369,703
up €369,703 (+46.7%), from €790,843 to €1.2m
- Staff costs -€67,020
down €67,020 (-9.3%), from €718,284 to €651,264
- Taxes +€57,226
up €57,226 (+470%), from €12,164 to €69,390
- Provisions +€25,000
up €25,000 (+83.3%), from -€30,000 to -€5,000
- Write-downs +€13,161
up €13,161, from -€7,813 to €5,349
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,050,707 | €1,413,186 | +€362,479 | +34.5% |
| Fixed assets | 21/28 | €340,186 | €319,032 | -€21,154 | -6.2% |
| Tangible fixed assets | 22/27 | €340,148 | €318,994 | -€21,154 | -6.2% |
| Land and buildings | 22 | €329,935 | €310,565 | -€19,370 | -5.9% |
| Plant, machinery and equipment | 23 | €3,980 | €3,531 | -€449 | -11.3% |
| Furniture and vehicles | 24 | €6,233 | €4,898 | -€1,335 | -21.4% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €710,521 | €1,094,153 | +€383,633 | +54.0% |
| Stocks and contracts in progress | 3 | €109,844 | €159,577 | +€49,733 | +45.3% |
| Stocks | 30/36 | €109,844 | €159,577 | +€49,733 | +45.3% |
| Amounts receivable within one year | 40/41 | €574,578 | €914,386 | +€339,808 | +59.1% |
| Trade receivables | 40 | €573,911 | €913,745 | +€339,834 | +59.2% |
| Other amounts receivable | 41 | €667 | €641 | -€26 | -3.9% |
| Deferred charges and accrued income | 490/1 | €26,098 | €20,190 | -€5,908 | -22.6% |
| Total equity and liabilities | 10/49 | €1,050,707 | €1,413,186 | +€362,479 | +34.5% |
| Equity | 10/15 | €287,205 | €685,019 | +€397,813 | +139% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €655,019 | +€652,019 | +21,734% |
| Distributable reserves | 133 | €3,000 | €655,019 | +€652,019 | +21,734% |
| Profit (loss) carried forward | 14 | €254,205 | €0 | -€254,205 | -100% |
| Provisions and deferred taxes | 16 | €5,000 | €0 | -€5,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €0 | -€5,000 | -100% |
| Other liabilities and charges | 164/5 | €5,000 | €0 | -€5,000 | -100% |
| Amounts payable | 17/49 | €758,501 | €728,167 | -€30,334 | -4.0% |
| Amounts payable within one year | 42/48 | €484,838 | €448,345 | -€36,494 | -7.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €169,944 | €157,053 | -€12,890 | -7.6% |
| Suppliers | 440/4 | €169,944 | €157,053 | -€12,890 | -7.6% |
| Advances received on contracts in progress | 46 | €38,300 | €40,498 | +€2,198 | +5.7% |
| Taxes, remuneration and social security | 45 | €212,197 | €204,598 | -€7,599 | -3.6% |
| Taxes | 450/3 | €58,198 | €49,993 | -€8,205 | -14.1% |
| Remuneration and social security | 454/9 | €153,999 | €154,606 | +€606 | +0.4% |
| Other amounts payable | 47/48 | €64,398 | €46,195 | -€18,203 | -28.3% |
| Accrued charges and deferred income | 492/3 | €273,663 | €279,822 | +€6,159 | +2.3% |
| Remuneration, social security and pensions | 62 | €718,284 | €651,264 | -€67,020 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,225 | €25,008 | +€783 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,813 | €5,349 | +€13,161 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | -€5,000 | +€25,000 | +83.3% |
| Other operating charges | 640/8 | €13,213 | €6,414 | -€6,799 | -51.5% |
| Gross operating margin | 9900 | €790,843 | €1,160,545 | +€369,703 | +46.7% |
| Operating profit (loss) | 9901 | €72,933 | €477,511 | +€404,578 | +555% |
| Financial income | 75/76B | €811 | €6,997 | +€6,187 | +763% |
| Recurring financial income | 75 | €811 | €6,997 | +€6,187 | +763% |
| Financial charges | 65/66B | €19,744 | €17,306 | -€2,439 | -12.4% |
| Recurring financial charges | 65 | €19,744 | €17,306 | -€2,439 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €54,000 | €467,203 | +€413,203 | +765% |
| Income taxes | 67/77 | €12,164 | €69,390 | +€57,226 | +470% |
| Profit (loss) for the period | 9904 | €41,836 | €397,813 | +€355,978 | +851% |
| Profit (loss) for the period to be appropriated | 9905 | €41,836 | €397,813 | +€355,978 | +851% |
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.