TK: 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.
TK
Largest movements
- Cash +€10,780
up €10,780 (+22.7%), from €47,462 to €58,241
mainly Net result for the year (+€21,654) and Depreciation (+€4,888)
- Tangible fixed assets +€8,969
up €8,969 (+175.2%), from €5,119 to €14,088
of which Furniture and vehicles: +€9,998
- Stocks and contracts +€3,502
up €3,502 (+13.5%), from €26,006 to €29,507
- Receivables within one year +€2,194
up €2,194 (+12.1%), from €18,197 to €20,391
of which Trade receivables: +€9,444
- Profit (loss) carried forward +€21,654
up €21,654 (+54.9%), from €39,419 to €61,073
- Trade debts +€2,424
up €2,424 (+13.5%), from €18,000 to €20,425
- Tax, wage and social debts +€1,627
up €1,627 (+6.5%), from €25,105 to €26,732
of which Taxes: +€4,533
- Turnover +€48,087
up €48,087 (+14.2%), from €339,374 to €387,461
- Purchases and services +€43,942
up €43,942 (+22.2%), from €197,720 to €241,662
- Staff costs +€20,749
up €20,749 (+23.0%), from €90,204 to €110,953
- Taxes -€9,043
down €9,043 (-59.2%), from €15,263 to €6,220
- Gross operating margin +€4,242
up €4,242 (+3.0%), from €141,654 to €145,896
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 | €96,784 | €123,437 | +€26,653 | +27.5% |
| Fixed assets | 21/28 | €5,119 | €14,088 | +€8,969 | +175.2% |
| Tangible fixed assets | 22/27 | €5,119 | €14,088 | +€8,969 | +175.2% |
| Plant, machinery and equipment | 23 | €2,208 | €1,179 | -€1,029 | -46.6% |
| Furniture and vehicles | 24 | €2,910 | €12,909 | +€9,998 | +343.5% |
| Current assets | 29/58 | €91,665 | €109,349 | +€17,684 | +19.3% |
| Stocks and contracts in progress | 3 | €26,006 | €29,507 | +€3,502 | +13.5% |
| Stocks | 30/36 | €26,006 | €29,507 | +€3,502 | +13.5% |
| Amounts receivable within one year | 40/41 | €18,197 | €20,391 | +€2,194 | +12.1% |
| Trade receivables | 40 | €10,947 | €20,391 | +€9,444 | +86.3% |
| Other amounts receivable | 41 | €7,250 | - | -€7,250 | |
| Cash at bank and in hand | 54/58 | €47,462 | €58,241 | +€10,780 | +22.7% |
| Deferred charges and accrued income | 490/1 | - | €1,209 | +€1,209 | |
| Total equity and liabilities | 10/49 | €96,784 | €123,437 | +€26,653 | +27.5% |
| Equity | 10/15 | €53,479 | €75,133 | +€21,654 | +40.5% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,419 | €61,073 | +€21,654 | +54.9% |
| Amounts payable | 17/49 | €43,305 | €48,305 | +€4,999 | +11.5% |
| Amounts payable within one year | 42/48 | €43,305 | €48,305 | +€4,999 | +11.5% |
| Trade debts | 44 | €18,000 | €20,425 | +€2,424 | +13.5% |
| Suppliers | 440/4 | €18,000 | €20,425 | +€2,424 | +13.5% |
| Taxes, remuneration and social security | 45 | €25,105 | €26,732 | +€1,627 | +6.5% |
| Taxes | 450/3 | €18,069 | €22,602 | +€4,533 | +25.1% |
| Remuneration and social security | 454/9 | €7,036 | €4,129 | -€2,906 | -41.3% |
| Other amounts payable | 47/48 | €200 | €1,148 | +€948 | +474.2% |
| Turnover | 70 | €339,374 | €387,461 | +€48,087 | +14.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €197,720 | €241,662 | +€43,942 | +22.2% |
| Remuneration, social security and pensions | 62 | €90,204 | €110,953 | +€20,749 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,932 | €4,888 | +€1,955 | +66.7% |
| Other operating charges | 640/8 | €643 | €2,340 | +€1,697 | +264.1% |
| Gross operating margin | 9900 | €141,654 | €145,896 | +€4,242 | +3.0% |
| Operating profit (loss) | 9901 | €47,876 | €27,717 | -€20,159 | -42.1% |
| Financial income | 75/76B | €786 | €582 | -€204 | -26.0% |
| Recurring financial income | 75 | €786 | €582 | -€204 | -26.0% |
| Financial charges | 65/66B | €134 | €424 | +€290 | +216.0% |
| Recurring financial charges | 65 | €134 | €424 | +€290 | +216.0% |
| Profit (loss) for the period before taxes | 9903 | €48,528 | €27,874 | -€20,653 | -42.6% |
| Income taxes | 67/77 | €15,263 | €6,220 | -€9,043 | -59.2% |
| Profit (loss) for the period | 9904 | €33,264 | €21,654 | -€11,610 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,264 | €21,654 | -€11,610 | -34.9% |
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 11 October 2026 via checked.be.