TIKEST: 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.
TIKEST
Largest movements
- Tangible fixed assets -€64,612
down €64,612 (-6.9%), from €935,766 to €871,154
of which Land and buildings: -€65,263
- Cash -€17,285
down €17,285 (-15.7%), from €110,059 to €92,774
mainly Other debts (-€70,546) and Net result for the year (-€15,180)
- Receivables within one year -€12,131
down €12,131 (-83.4%), from €14,541 to €2,411
of which Other amounts receivable: -€14,541
- Other debts -€70,546
down €70,546 (-14.1%), from €501,992 to €431,446
- Reserves -€18,471
down €18,471 (-6.8%), from €271,717 to €253,246
of which Tax-exempt reserves: -€18,471
- Write-downs -€92,009
down €92,009 (-100.0%), from €92,009 to €0
- Gross operating margin +€18,147
up €18,147 (+20.9%), from €86,747 to €104,893
- Financial charges -€11,843
down €11,843 (-29.0%), from €40,867 to €29,024
- Other operating charges +€9,317
up €9,317 (+43.3%), from €21,495 to €30,812
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 | €1,061,003 | €966,855 | -€94,147 | -8.9% |
| Fixed assets | 21/28 | €935,766 | €871,154 | -€64,612 | -6.9% |
| Tangible fixed assets | 22/27 | €935,766 | €871,154 | -€64,612 | -6.9% |
| Land and buildings | 22 | €934,562 | €869,299 | -€65,263 | -7.0% |
| Furniture and vehicles | 24 | €1,205 | €1,855 | +€651 | +54.0% |
| Current assets | 29/58 | €125,236 | €95,701 | -€29,535 | -23.6% |
| Amounts receivable within one year | 40/41 | €14,541 | €2,411 | -€12,131 | -83.4% |
| Trade receivables | 40 | - | €2,411 | +€2,411 | |
| Other amounts receivable | 41 | €14,541 | €0 | -€14,541 | -100.0% |
| Cash at bank and in hand | 54/58 | €110,059 | €92,774 | -€17,285 | -15.7% |
| Deferred charges and accrued income | 490/1 | €636 | €517 | -€119 | -18.7% |
| Total equity and liabilities | 10/49 | €1,061,003 | €966,855 | -€94,147 | -8.9% |
| Equity | 10/15 | €517,216 | €502,036 | -€15,180 | -2.9% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €271,717 | €253,246 | -€18,471 | -6.8% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,823 | €92,353 | -€18,471 | -16.7% |
| Distributable reserves | 133 | €127,893 | €127,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,500 | -€81,210 | +€3,290 | +3.9% |
| Provisions and deferred taxes | 16 | €36,941 | €30,784 | -€6,157 | -16.7% |
| Deferred taxes | 168 | €36,941 | €30,784 | -€6,157 | -16.7% |
| Amounts payable | 17/49 | €506,846 | €434,035 | -€72,810 | -14.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €506,846 | €434,035 | -€72,810 | -14.4% |
| Trade debts | 44 | €3,875 | €2,321 | -€1,554 | -40.1% |
| Suppliers | 440/4 | €3,875 | €2,321 | -€1,554 | -40.1% |
| Advances received on contracts in progress | 46 | €850 | €0 | -€850 | -100.0% |
| Taxes, remuneration and social security | 45 | €129 | €269 | +€140 | +109.1% |
| Taxes | 450/3 | €129 | €269 | +€140 | +109.1% |
| Other amounts payable | 47/48 | €501,992 | €431,446 | -€70,546 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,894 | €66,213 | -€681 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €92,009 | €0 | -€92,009 | -100.0% |
| Other operating charges | 640/8 | €21,495 | €30,812 | +€9,317 | +43.3% |
| Gross operating margin | 9900 | €86,747 | €104,893 | +€18,147 | +20.9% |
| Operating profit (loss) | 9901 | -€93,651 | €7,868 | +€101,520 | |
| Financial income | 75/76B | €340 | €0 | -€340 | -100.0% |
| Recurring financial income | 75 | €340 | €0 | -€340 | -100.0% |
| Financial charges | 65/66B | €40,867 | €29,024 | -€11,843 | -29.0% |
| Recurring financial charges | 65 | €40,867 | €29,024 | -€11,843 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€134,179 | -€21,156 | +€113,023 | +84.2% |
| Transfer from deferred taxes | 780 | €6,157 | €6,157 | = | 0.0% |
| Income taxes | 67/77 | €129 | €181 | +€52 | +40.7% |
| Profit (loss) for the period | 9904 | -€128,151 | -€15,180 | +€112,970 | +88.2% |
| Transfer from tax-exempt reserves | 789 | €18,471 | €18,471 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,680 | €3,290 | +€112,970 |
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 5 October 2026 via checked.be.