TAMKUNART: 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.
TAMKUNART
Largest movements
- Cash -€8,643
down €8,643 (-64.9%), from €13,322 to €4,679
mainly Investment in fixed assets (net) (-€8,550) and Other debts (-€5,504)
- Tangible fixed assets +€7,264
up €7,264 (+669%), from €1,086 to €8,349
- Financial fixed assets -€1,450
down €1,450 (-14.2%), from €10,179 to €8,729
- Formation expenses -€492
down €492 (-33.3%), from €1,476 to €984
- Other debts -€5,504
down €5,504 (-61.2%), from €8,994 to €3,489
- Reserves +€3,800
up €3,800 (+69.1%), from €5,500 to €9,300
- Debts after one year -€3,354
down €3,354 (-53.6%), from €6,254 to €2,900
- Current portion of long-term debt +€3,354
new in 2025: €3,354
- Short-term financial debts -€3,222
no longer reported in 2025 (was €3,222)
- Financial charges +€2,810
up €2,810 (+234%), from €1,203 to €4,013
of which Non-recurring financial charges: +€1,450
- Depreciation +€2,374
up €2,374 (+278%), from €855 to €3,228
- Gross operating margin -€757
down €757 (-4.9%), from €15,542 to €14,785
- Taxes -€643
down €643 (-18.4%), from €3,500 to €2,857
- Other operating charges -€176
down €176 (-18.4%), from €957 to €781
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 | €30,258 | €27,139 | -€3,119 | -10.3% |
| Formation expenses | 20 | €1,476 | €984 | -€492 | -33.3% |
| Fixed assets | 21/28 | €11,265 | €17,078 | +€5,814 | +51.6% |
| Tangible fixed assets | 22/27 | €1,086 | €8,349 | +€7,264 | +669% |
| Furniture and vehicles | 24 | €1,086 | €8,349 | +€7,264 | +669% |
| Financial fixed assets | 28 | €10,179 | €8,729 | -€1,450 | -14.2% |
| Current assets | 29/58 | €17,518 | €9,077 | -€8,441 | -48.2% |
| Amounts receivable within one year | 40/41 | €4,195 | €4,397 | +€202 | +4.8% |
| Trade receivables | 40 | €4,195 | €4,397 | +€202 | +4.8% |
| Cash at bank and in hand | 54/58 | €13,322 | €4,679 | -€8,643 | -64.9% |
| Total equity and liabilities | 10/49 | €30,258 | €27,139 | -€3,119 | -10.3% |
| Equity | 10/15 | €7,617 | €11,522 | +€3,905 | +51.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €9,300 | +€3,800 | +69.1% |
| Distributable reserves | 133 | €5,500 | €9,300 | +€3,800 | +69.1% |
| Profit (loss) carried forward | 14 | €117 | €222 | +€105 | +90.0% |
| Amounts payable | 17/49 | €22,641 | €15,617 | -€7,024 | -31.0% |
| Amounts payable after more than one year | 17 | €6,254 | €2,900 | -€3,354 | -53.6% |
| Financial debts | 170/4 | €6,254 | €2,900 | -€3,354 | -53.6% |
| Amounts payable within one year | 42/48 | €16,387 | €12,717 | -€3,670 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,354 | +€3,354 | |
| Financial debts | 43 | €3,222 | - | -€3,222 | |
| Credit institutions | 430/8 | €3,222 | - | -€3,222 | |
| Trade debts | 44 | €272 | €1,116 | +€844 | +310% |
| Suppliers | 440/4 | €272 | €1,116 | +€844 | +310% |
| Taxes, remuneration and social security | 45 | €3,900 | €4,757 | +€857 | +22.0% |
| Taxes | 450/3 | €3,500 | €4,457 | +€957 | +27.4% |
| Remuneration and social security | 454/9 | €400 | €300 | -€100 | -25.0% |
| Other amounts payable | 47/48 | €8,994 | €3,489 | -€5,504 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €3,228 | +€2,374 | +278% |
| Other operating charges | 640/8 | €957 | €781 | -€176 | -18.4% |
| Non-recurring operating charges | 66A | €3,410 | - | -€3,410 | |
| Gross operating margin | 9900 | €15,542 | €14,785 | -€757 | -4.9% |
| Operating profit (loss) | 9901 | €10,320 | €10,776 | +€456 | +4.4% |
| Financial charges | 65/66B | €1,203 | €4,013 | +€2,810 | +234% |
| Recurring financial charges | 65 | €1,203 | €2,563 | +€1,360 | +113% |
| Non-recurring financial charges | 66B | - | €1,450 | +€1,450 | |
| Profit (loss) for the period before taxes | 9903 | €9,117 | €6,762 | -€2,354 | -25.8% |
| Income taxes | 67/77 | €3,500 | €2,857 | -€643 | -18.4% |
| Profit (loss) for the period | 9904 | €5,617 | €3,905 | -€1,712 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,617 | €3,905 | -€1,712 | -30.5% |
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 18 October 2026 via checked.be.