T & K: 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.
T & K
Largest movements
- Tangible fixed assets +€104,425
up €104,425 (+330.0%), from €31,641 to €136,066
of which Plant, machinery and equipment: +€113,795
- Receivables within one year +€23,182
up €23,182 (+388.5%), from €5,967 to €29,149
of which Trade receivables: +€18,617
- Debts after one year +€84,353
up €84,353 (+321.7%), from €26,224 to €110,577
- Trade debts +€19,838
up €19,838 (+227.6%), from €8,715 to €28,553
- Current portion of long-term debt +€16,174
up €16,174 (+189.2%), from €8,550 to €24,724
- Tax, wage and social debts +€3,679
up €3,679 (+120.4%), from €3,057 to €6,736
of which Taxes: +€2,342
- Depreciation +€10,464
up €10,464 (+74.1%), from €14,127 to €24,591
- Gross operating margin +€9,091
up €9,091 (+35.4%), from €25,680 to €34,771
- Financial charges +€2,508
up €2,508 (+79.3%), from €3,162 to €5,671
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 | €70,462 | €197,513 | +€127,051 | +180.3% |
| Fixed assets | 21/28 | €31,910 | €136,335 | +€104,425 | +327.3% |
| Tangible fixed assets | 22/27 | €31,641 | €136,066 | +€104,425 | +330.0% |
| Plant, machinery and equipment | 23 | €11,124 | €124,918 | +€113,795 | +1023.0% |
| Furniture and vehicles | 24 | €4,195 | €3,654 | -€541 | -12.9% |
| Leasing and similar rights | 25 | €11,798 | €3,203 | -€8,595 | -72.9% |
| Other tangible fixed assets | 26 | €4,525 | €4,291 | -€233 | -5.2% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €38,552 | €61,178 | +€22,626 | +58.7% |
| Amounts receivable within one year | 40/41 | €5,967 | €29,149 | +€23,182 | +388.5% |
| Trade receivables | 40 | - | €18,617 | +€18,617 | |
| Other amounts receivable | 41 | €5,967 | €10,532 | +€4,565 | +76.5% |
| Cash at bank and in hand | 54/58 | €26,629 | €27,617 | +€988 | +3.7% |
| Deferred charges and accrued income | 490/1 | €5,956 | €4,412 | -€1,544 | -25.9% |
| Total equity and liabilities | 10/49 | €70,462 | €197,513 | +€127,051 | +180.3% |
| Equity | 10/15 | €23,842 | €26,924 | +€3,082 | +12.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €1,924 | +€1,924 | |
| Distributable reserves | 133 | - | €1,924 | +€1,924 | |
| Profit (loss) carried forward | 14 | -€1,158 | - | +€1,158 | |
| Amounts payable | 17/49 | €46,620 | €170,589 | +€123,970 | +265.9% |
| Amounts payable after more than one year | 17 | €26,224 | €110,577 | +€84,353 | +321.7% |
| Financial debts | 170/4 | €26,224 | €110,577 | +€84,353 | +321.7% |
| Amounts payable within one year | 42/48 | €20,396 | €60,013 | +€39,617 | +194.2% |
| Current portion of amounts payable after more than one year | 42 | €8,550 | €24,724 | +€16,174 | +189.2% |
| Trade debts | 44 | €8,715 | €28,553 | +€19,838 | +227.6% |
| Suppliers | 440/4 | €8,715 | €28,553 | +€19,838 | +227.6% |
| Taxes, remuneration and social security | 45 | €3,057 | €6,736 | +€3,679 | +120.4% |
| Taxes | 450/3 | €2,382 | €4,723 | +€2,342 | +98.3% |
| Remuneration and social security | 454/9 | €675 | €2,012 | +€1,338 | +198.2% |
| Other amounts payable | 47/48 | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,127 | €24,591 | +€10,464 | +74.1% |
| Other operating charges | 640/8 | €1,393 | €1,288 | -€105 | -7.6% |
| Gross operating margin | 9900 | €25,680 | €34,771 | +€9,091 | +35.4% |
| Operating profit (loss) | 9901 | €10,160 | €8,892 | -€1,268 | -12.5% |
| Financial income | 75/76B | €169 | €53 | -€116 | -68.5% |
| Recurring financial income | 75 | €169 | €53 | -€116 | -68.5% |
| Financial charges | 65/66B | €3,162 | €5,671 | +€2,508 | +79.3% |
| Recurring financial charges | 65 | €3,162 | €5,671 | +€2,508 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €7,167 | €3,275 | -€3,892 | -54.3% |
| Income taxes | 67/77 | €211 | €193 | -€18 | -8.5% |
| Profit (loss) for the period | 9904 | €6,956 | €3,082 | -€3,874 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,956 | €3,082 | -€3,874 | -55.7% |
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 4 October 2026 via checked.be.