Joseph T'KINT: what changed
Two fiscal 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.
Joseph T'KINT
Largest movements
- Cash -€27,756
no longer reported in 2025 (was €27,756)
mainly Current investments (-€17,292) and Trade debts (-€8,406)
- Current investments +€17,292
new in 2025: €17,292
- Deferred charges and accrued income -€4,159
no longer reported in 2025 (was €4,159)
- Tangible fixed assets -€1,072
down €1,072 (-2.3%), from €47,224 to €46,153
of which Plant, machinery and equipment: -€1,305
- Trade debts -€8,406
down €8,406 (-31.9%), from €26,335 to €17,929
- Other debts -€5,040
down €5,040 (-10.9%), from €46,423 to €41,384
- Profit (loss) carried forward -€1,789
down €1,789 (-575.2%), from -€311 to -€2,100
- Gross operating margin +€5,701
up €5,701 (+7.0%), from €81,977 to €87,678
- Staff costs +€2,395
up €2,395 (+3.3%), from €72,417 to €74,812
- Write-downs +€2,280
up €2,280, from -€2,040 to €240
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.
Cash bridge derived
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 | €102,948 | €88,065 | -€14,883 | -14.5% |
| Fixed assets | 21/28 | €47,224 | €46,153 | -€1,072 | -2.3% |
| Tangible fixed assets | 22/27 | €47,224 | €46,153 | -€1,072 | -2.3% |
| Land and buildings | 22 | €36,192 | €36,192 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,062 | €8,756 | -€1,305 | -13.0% |
| Furniture and vehicles | 24 | €970 | €1,204 | +€234 | +24.1% |
| Current assets | 29/58 | €55,724 | €41,913 | -€13,812 | -24.8% |
| Stocks and contracts in progress | 3 | €20,298 | €21,258 | +€960 | +4.7% |
| Stocks | 30/36 | €20,298 | €21,258 | +€960 | +4.7% |
| Amounts receivable within one year | 40/41 | €3,510 | €3,363 | -€148 | -4.2% |
| Trade receivables | 40 | €2,787 | €2,639 | -€148 | -5.3% |
| Other amounts receivable | 41 | €724 | €724 | = | 0.0% |
| Current investments | 50/53 | - | €17,292 | +€17,292 | |
| Cash at bank and in hand | 54/58 | €27,756 | - | -€27,756 | |
| Deferred charges and accrued income | 490/1 | €4,159 | - | -€4,159 | |
| Total equity and liabilities | 10/49 | €102,948 | €88,065 | -€14,883 | -14.5% |
| Equity | 10/15 | €18,281 | €16,492 | -€1,789 | -9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311 | -€2,100 | -€1,789 | -575.2% |
| Amounts payable | 17/49 | €84,667 | €71,573 | -€13,094 | -15.5% |
| Amounts payable within one year | 42/48 | €84,102 | €71,006 | -€13,095 | -15.6% |
| Trade debts | 44 | €26,335 | €17,929 | -€8,406 | -31.9% |
| Suppliers | 440/4 | €26,335 | €17,929 | -€8,406 | -31.9% |
| Advances received on contracts in progress | 46 | €833 | €170 | -€663 | -79.6% |
| Taxes, remuneration and social security | 45 | €10,510 | €11,523 | +€1,013 | +9.6% |
| Taxes | 450/3 | €2,138 | €2,833 | +€695 | +32.5% |
| Remuneration and social security | 454/9 | €8,372 | €8,690 | +€318 | +3.8% |
| Other amounts payable | 47/48 | €46,423 | €41,384 | -€5,040 | -10.9% |
| Accrued charges and deferred income | 492/3 | €566 | €567 | +€1 | +0.2% |
| Remuneration, social security and pensions | 62 | €72,417 | €74,812 | +€2,395 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | €2,104 | +€344 | +19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,040 | €240 | +€2,280 | |
| Other operating charges | 640/8 | €12,167 | €12,556 | +€390 | +3.2% |
| Gross operating margin | 9900 | €81,977 | €87,678 | +€5,701 | +7.0% |
| Operating profit (loss) | 9901 | -€2,327 | -€2,034 | +€293 | +12.6% |
| Financial income | 75/76B | €390 | €1,200 | +€810 | +207.9% |
| Recurring financial income | 75 | €390 | €1,200 | +€810 | +207.9% |
| Non-recurring financial income | 76B | - | €1,200 | +€1,200 | |
| Financial charges | 65/66B | €686 | €690 | +€4 | +0.5% |
| Recurring financial charges | 65 | €686 | €690 | +€4 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,623 | -€1,524 | +€1,099 | +41.9% |
| Income taxes | 67/77 | €216 | €265 | +€49 | +22.9% |
| Profit (loss) for the period | 9904 | -€2,839 | -€1,789 | +€1,050 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,839 | -€1,789 | +€1,050 | +37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.