TK 14: 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.
TK 14
Largest movements
- Cash +€16,760
up €16,760 (+10.6%), from €158,498 to €175,257
mainly Net result for the year (+€103,488) and Depreciation (+€14,664)
- Tangible fixed assets -€9,413
down €9,413 (-77.3%), from €12,174 to €2,760
of which Plant, machinery and equipment: -€8,993
- Reserves +€20,000
up €20,000 (+19.6%), from €101,860 to €121,860
of which Distributable reserves: +€20,000
- Tax, wage and social debts -€18,751
down €18,751 (-32.0%), from €58,681 to €39,930
- Other debts -€14,286
down €14,286 (-16.7%), from €85,714 to €71,429
- Profit (loss) carried forward +€12,060
up €12,060 (+33.4%), from €36,074 to €48,134
- Gross operating margin -€42,292
down €42,292 (-12.9%), from €327,890 to €285,598
- Taxes -€13,804
down €13,804 (-26.6%), from €51,949 to €38,145
- Staff costs +€11,408
up €11,408 (+9.6%), from €118,687 to €130,095
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 | €301,654 | €304,782 | +€3,127 | +1.0% |
| Fixed assets | 21/28 | €25,508 | €13,872 | -€11,635 | -45.6% |
| Intangible fixed assets | 21 | €13,334 | €11,112 | -€2,222 | -16.7% |
| Tangible fixed assets | 22/27 | €12,174 | €2,760 | -€9,413 | -77.3% |
| Plant, machinery and equipment | 23 | €10,952 | €1,960 | -€8,993 | -82.1% |
| Furniture and vehicles | 24 | €1,221 | €801 | -€421 | -34.4% |
| Current assets | 29/58 | €276,147 | €290,909 | +€14,763 | +5.3% |
| Stocks and contracts in progress | 3 | €11,329 | €8,477 | -€2,852 | -25.2% |
| Stocks | 30/36 | €11,329 | €8,477 | -€2,852 | -25.2% |
| Amounts receivable within one year | 40/41 | €104,674 | €104,672 | -€1 | 0.0% |
| Trade receivables | 40 | €597 | €309 | -€288 | -48.2% |
| Other amounts receivable | 41 | €104,077 | €104,363 | +€286 | +0.3% |
| Cash at bank and in hand | 54/58 | €158,498 | €175,257 | +€16,760 | +10.6% |
| Deferred charges and accrued income | 490/1 | €1,646 | €2,502 | +€856 | +52.0% |
| Total equity and liabilities | 10/49 | €301,654 | €304,782 | +€3,127 | +1.0% |
| Equity | 10/15 | €156,534 | €188,594 | +€32,060 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €121,860 | +€20,000 | +19.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Profit (loss) carried forward | 14 | €36,074 | €48,134 | +€12,060 | +33.4% |
| Amounts payable | 17/49 | €145,120 | €116,188 | -€28,932 | -19.9% |
| Amounts payable within one year | 42/48 | €145,120 | €116,188 | -€28,932 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,449 | +€1,449 | |
| Trade debts | 44 | €725 | €3,381 | +€2,656 | +366.2% |
| Suppliers | 440/4 | €725 | €3,381 | +€2,656 | +366.2% |
| Taxes, remuneration and social security | 45 | €58,681 | €39,930 | -€18,751 | -32.0% |
| Taxes | 450/3 | €58,681 | €39,930 | -€18,751 | -32.0% |
| Other amounts payable | 47/48 | €85,714 | €71,429 | -€14,286 | -16.7% |
| Remuneration, social security and pensions | 62 | €118,687 | €130,095 | +€11,408 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,710 | €14,664 | -€2,045 | -12.2% |
| Other operating charges | 640/8 | €3,102 | €4,115 | +€1,013 | +32.7% |
| Gross operating margin | 9900 | €327,890 | €285,598 | -€42,292 | -12.9% |
| Operating profit (loss) | 9901 | €189,392 | €136,724 | -€52,668 | -27.8% |
| Financial income | 75/76B | €4,144 | €6,316 | +€2,172 | +52.4% |
| Recurring financial income | 75 | €4,144 | €6,316 | +€2,172 | +52.4% |
| Financial charges | 65/66B | €1,263 | €1,407 | +€143 | +11.4% |
| Recurring financial charges | 65 | €1,263 | €1,407 | +€143 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €192,273 | €141,633 | -€50,639 | -26.3% |
| Income taxes | 67/77 | €51,949 | €38,145 | -€13,804 | -26.6% |
| Profit (loss) for the period | 9904 | €140,324 | €103,488 | -€36,835 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,324 | €103,488 | -€36,835 | -26.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.