T.K.B.: 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.
T.K.B.
Largest movements
- Current investments -€1.2m
down €1.2m (-92.0%), from €1.3m to €100,000
- Tangible fixed assets +€854,647
up €854,647 (+48.2%), from €1.8m to €2.6m
of which Land and buildings: +€851,255
- Cash +€349,338
up €349,338 (+184%), from €189,624 to €538,962
mainly Current investments (+€1.2m) and Receivables after one year (+€300,000)
- Receivables after one year -€300,000
down €300,000 (-16.7%), from €1.8m to €1.5m
- Receivables within one year +€271,978
up €271,978 (+82.8%), from €328,380 to €600,358
of which Other amounts receivable: +€287,543
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€101,298
down €101,298 (-52.2%), from €194,071 to €92,773
- Gross operating margin -€8,644
down €8,644 (-13.8%), from €62,529 to €53,885
- Taxes -€3,805
no longer reported in 2025 (was €3,805)
- Financial charges +€3,649
up €3,649 (+220%), from €1,658 to €5,308
- Other operating charges +€2,561
up €2,561 (+45.3%), from €5,658 to €8,219
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 | €5,394,713 | €5,413,052 | +€18,339 | +0.3% |
| Fixed assets | 21/28 | €1,774,799 | €2,629,445 | +€854,647 | +48.2% |
| Tangible fixed assets | 22/27 | €1,774,799 | €2,629,445 | +€854,647 | +48.2% |
| Land and buildings | 22 | €1,774,799 | €2,626,054 | +€851,255 | +48.0% |
| Furniture and vehicles | 24 | - | €3,391 | +€3,391 | |
| Current assets | 29/58 | €3,619,914 | €2,783,607 | -€836,307 | -23.1% |
| Amounts receivable after more than one year | 29 | €1,800,000 | €1,500,000 | -€300,000 | -16.7% |
| Other amounts receivable | 291 | €1,800,000 | €1,500,000 | -€300,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €328,380 | €600,358 | +€271,978 | +82.8% |
| Trade receivables | 40 | €21,615 | €6,050 | -€15,565 | -72.0% |
| Other amounts receivable | 41 | €306,765 | €594,308 | +€287,543 | +93.7% |
| Current investments | 50/53 | €1,250,000 | €100,000 | -€1.2m | -92.0% |
| Cash at bank and in hand | 54/58 | €189,624 | €538,962 | +€349,338 | +184% |
| Deferred charges and accrued income | 490/1 | €51,911 | €44,287 | -€7,624 | -14.7% |
| Total equity and liabilities | 10/49 | €5,394,713 | €5,413,052 | +€18,339 | +0.3% |
| Equity | 10/15 | €5,220,881 | €5,243,996 | +€23,115 | +0.4% |
| Contributions | 10/11 | €647,000 | €647,000 | = | 0.0% |
| Capital | 10 | €647,000 | €647,000 | = | 0.0% |
| Issued capital | 100 | €647,000 | €647,000 | = | 0.0% |
| Reserves | 13 | €4,615,088 | €4,605,972 | -€9,116 | -0.2% |
| Non-distributable reserves | 130/1 | €64,700 | €64,700 | = | 0.0% |
| Legal reserve | 130 | €64,700 | €64,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €353,198 | €344,082 | -€9,116 | -2.6% |
| Distributable reserves | 133 | €4,197,190 | €4,197,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,207 | -€8,976 | +€32,231 | +78.2% |
| Provisions and deferred taxes | 16 | €117,733 | €114,694 | -€3,039 | -2.6% |
| Deferred taxes | 168 | €117,733 | €114,694 | -€3,039 | -2.6% |
| Amounts payable | 17/49 | €56,099 | €54,362 | -€1,737 | -3.1% |
| Amounts payable within one year | 42/48 | €52,511 | €50,743 | -€1,768 | -3.4% |
| Financial debts | 43 | €15,950 | €15,950 | = | 0.0% |
| Credit institutions | 430/8 | €15,950 | €15,950 | = | 0.0% |
| Trade debts | 44 | €1,805 | €1,392 | -€413 | -22.9% |
| Suppliers | 440/4 | €1,805 | €1,392 | -€413 | -22.9% |
| Taxes, remuneration and social security | 45 | €3,132 | €5,777 | +€2,644 | +84.4% |
| Taxes | 450/3 | €3,132 | €5,777 | +€2,644 | +84.4% |
| Other amounts payable | 47/48 | €31,624 | €27,624 | -€4,000 | -12.6% |
| Accrued charges and deferred income | 492/3 | €3,588 | €3,619 | +€31 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,071 | €92,773 | -€101,298 | -52.2% |
| Other operating charges | 640/8 | €5,658 | €8,219 | +€2,561 | +45.3% |
| Gross operating margin | 9900 | €62,529 | €53,885 | -€8,644 | -13.8% |
| Operating profit (loss) | 9901 | -€137,200 | -€47,106 | +€90,093 | +65.7% |
| Financial income | 75/76B | €73,953 | €72,490 | -€1,463 | -2.0% |
| Recurring financial income | 75 | €73,953 | €72,490 | -€1,463 | -2.0% |
| Financial charges | 65/66B | €1,658 | €5,308 | +€3,649 | +220% |
| Recurring financial charges | 65 | €1,658 | €5,308 | +€3,649 | +220% |
| Profit (loss) for the period before taxes | 9903 | -€64,904 | €20,076 | +€84,981 | |
| Transfer from deferred taxes | 780 | €6,875 | €3,039 | -€3,837 | -55.8% |
| Income taxes | 67/77 | €3,805 | - | -€3,805 | |
| Profit (loss) for the period | 9904 | -€61,834 | €23,115 | +€84,949 | |
| Transfer from tax-exempt reserves | 789 | €20,626 | €9,116 | -€11,510 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,207 | €32,231 | +€73,438 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.