K-TOF: 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.
K-TOF
Largest movements
- Tangible fixed assets +€8,251
up €8,251 (+66.8%), from €12,346 to €20,597
of which Furniture and vehicles: +€8,569
- Receivables within one year -€6,050
no longer reported in 2025 (was €6,050)
- Cash +€4,964
up €4,964 (+3.2%), from €157,109 to €162,072
mainly Other debts (+€84,498) and Net result for the year (+€62,399)
- Reserves -€87,601
down €87,601 (-56.2%), from €155,924 to €68,323
- Other debts +€84,498
up €84,498 (+33,474%), from €252 to €84,750
- Tax, wage and social debts +€7,120
up €7,120 (+142%), from €5,010 to €12,131
- Trade debts +€1,887
up €1,887 (+1,310%), from €144 to €2,031
- Gross operating margin -€2,665
down €2,665 (-3.0%), from €88,963 to €86,298
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 | €179,931 | €185,835 | +€5,904 | +3.3% |
| Fixed assets | 21/28 | €12,346 | €20,597 | +€8,251 | +66.8% |
| Tangible fixed assets | 22/27 | €12,346 | €20,597 | +€8,251 | +66.8% |
| Plant, machinery and equipment | 23 | €2,623 | €2,304 | -€319 | -12.2% |
| Furniture and vehicles | 24 | €9,723 | €18,293 | +€8,569 | +88.1% |
| Current assets | 29/58 | €167,585 | €165,238 | -€2,347 | -1.4% |
| Amounts receivable within one year | 40/41 | €6,050 | - | -€6,050 | |
| Trade receivables | 40 | €6,050 | - | -€6,050 | |
| Cash at bank and in hand | 54/58 | €157,109 | €162,072 | +€4,964 | +3.2% |
| Deferred charges and accrued income | 490/1 | €4,427 | €3,166 | -€1,261 | -28.5% |
| Total equity and liabilities | 10/49 | €179,931 | €185,835 | +€5,904 | +3.3% |
| Equity | 10/15 | €174,524 | €86,923 | -€87,601 | -50.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,924 | €68,323 | -€87,601 | -56.2% |
| Distributable reserves | 133 | €155,924 | €68,323 | -€87,601 | -56.2% |
| Amounts payable | 17/49 | €5,407 | €98,912 | +€93,505 | +1,729% |
| Amounts payable within one year | 42/48 | €5,407 | €98,912 | +€93,505 | +1,729% |
| Trade debts | 44 | €144 | €2,031 | +€1,887 | +1,310% |
| Suppliers | 440/4 | €144 | €2,031 | +€1,887 | +1,310% |
| Taxes, remuneration and social security | 45 | €5,010 | €12,131 | +€7,120 | +142% |
| Taxes | 450/3 | €5,010 | €12,131 | +€7,120 | +142% |
| Other amounts payable | 47/48 | €252 | €84,750 | +€84,498 | +33,474% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,065 | €6,862 | +€797 | +13.1% |
| Other operating charges | 640/8 | €1,715 | €1,291 | -€424 | -24.7% |
| Gross operating margin | 9900 | €88,963 | €86,298 | -€2,665 | -3.0% |
| Operating profit (loss) | 9901 | €81,183 | €78,145 | -€3,038 | -3.7% |
| Financial income | 75/76B | €1,231 | €997 | -€234 | -19.0% |
| Recurring financial income | 75 | €1,231 | €997 | -€234 | -19.0% |
| Financial charges | 65/66B | €772 | €643 | -€130 | -16.8% |
| Recurring financial charges | 65 | €772 | €643 | -€130 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €81,642 | €78,499 | -€3,143 | -3.8% |
| Income taxes | 67/77 | €16,743 | €16,100 | -€643 | -3.8% |
| Profit (loss) for the period | 9904 | €64,899 | €62,399 | -€2,500 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,899 | €62,399 | -€2,500 | -3.9% |
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 15 October 2026 via checked.be.