TK BUILDING: 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 BUILDING
Largest movements
- Deferred charges and accrued income +€317,823
up €317,823 (+1500.8%), from €21,177 to €339,000
- Tangible fixed assets +€229,214
up €229,214 (+668.8%), from €34,275 to €263,488
of which Land and buildings: +€238,346
- Receivables within one year -€146,991
down €146,991 (-78.2%), from €187,854 to €40,863
of which Trade receivables: -€161,941
- Stocks and contracts -€105,000
down €105,000 (-100.0%), from €105,000 to €0
- Cash -€20,150
down €20,150 (-35.7%), from €56,385 to €36,234
mainly Deferred charges and accrued income (-€317,823) and Investment in fixed assets (net) (-€245,665)
- Debts after one year +€72,489
up €72,489 (+51.1%), from €141,907 to €214,397
- Other debts +€66,976
up €66,976 (+39.7%), from €168,854 to €235,830
- Current portion of long-term debt +€61,977
up €61,977 (+104.2%), from €59,496 to €121,473
- Profit (loss) carried forward +€30,627
up €30,627, from -€30,627 to €0
- Advances received +€21,497
new in 2025: €21,497
- Gross operating margin +€100,599
up €100,599, from -€10,415 to €90,184
- Other operating charges +€12,711
up €12,711 (+157.2%), from €8,085 to €20,796
- Financial charges +€10,979
up €10,979 (+912.6%), from €1,203 to €12,182
- Depreciation +€5,389
up €5,389 (+48.7%), from €11,063 to €16,451
- Taxes +€2,417
up €2,417, from -€10 to €2,407
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 | €404,691 | €679,586 | +€274,895 | +67.9% |
| Fixed assets | 21/28 | €34,275 | €263,488 | +€229,214 | +668.8% |
| Tangible fixed assets | 22/27 | €34,275 | €263,488 | +€229,214 | +668.8% |
| Land and buildings | 22 | - | €238,346 | +€238,346 | |
| Plant, machinery and equipment | 23 | €1,050 | €1,845 | +€794 | +75.6% |
| Furniture and vehicles | 24 | €33,224 | €23,298 | -€9,926 | -29.9% |
| Current assets | 29/58 | €370,416 | €416,098 | +€45,682 | +12.3% |
| Stocks and contracts in progress | 3 | €105,000 | €0 | -€105,000 | -100.0% |
| Stocks | 30/36 | €105,000 | €0 | -€105,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €187,854 | €40,863 | -€146,991 | -78.2% |
| Trade receivables | 40 | €187,456 | €25,515 | -€161,941 | -86.4% |
| Other amounts receivable | 41 | €399 | €15,348 | +€14,950 | +3751.3% |
| Cash at bank and in hand | 54/58 | €56,385 | €36,234 | -€20,150 | -35.7% |
| Deferred charges and accrued income | 490/1 | €21,177 | €339,000 | +€317,823 | +1500.8% |
| Total equity and liabilities | 10/49 | €404,691 | €679,586 | +€274,895 | +67.9% |
| Equity | 10/15 | €33,069 | €71,475 | +€38,406 | +116.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €62,695 | €70,475 | +€7,779 | +12.4% |
| Distributable reserves | 133 | €62,695 | €70,475 | +€7,779 | +12.4% |
| Profit (loss) carried forward | 14 | -€30,627 | €0 | +€30,627 | |
| Amounts payable | 17/49 | €371,622 | €608,112 | +€236,490 | +63.6% |
| Amounts payable after more than one year | 17 | €141,907 | €214,397 | +€72,489 | +51.1% |
| Financial debts | 170/4 | €141,907 | €214,397 | +€72,489 | +51.1% |
| Amounts payable within one year | 42/48 | €229,715 | €393,006 | +€163,292 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | €59,496 | €121,473 | +€61,977 | +104.2% |
| Trade debts | 44 | €0 | €9,674 | +€9,674 | |
| Suppliers | 440/4 | €0 | €9,674 | +€9,674 | |
| Advances received on contracts in progress | 46 | - | €21,497 | +€21,497 | |
| Taxes, remuneration and social security | 45 | €1,364 | €4,532 | +€3,168 | +232.2% |
| Taxes | 450/3 | €1,364 | €3,332 | +€1,968 | +144.3% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €168,854 | €235,830 | +€66,976 | +39.7% |
| Accrued charges and deferred income | 492/3 | - | €709 | +€709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,063 | €16,451 | +€5,389 | +48.7% |
| Other operating charges | 640/8 | €8,085 | €20,796 | +€12,711 | +157.2% |
| Gross operating margin | 9900 | -€10,415 | €90,184 | +€100,599 | |
| Operating profit (loss) | 9901 | -€29,563 | €52,937 | +€82,499 | |
| Financial income | 75/76B | €129 | €58 | -€71 | -55.2% |
| Recurring financial income | 75 | €129 | €58 | -€71 | -55.2% |
| Financial charges | 65/66B | €1,203 | €12,182 | +€10,979 | +912.6% |
| Recurring financial charges | 65 | €1,203 | €12,182 | +€10,979 | +912.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,637 | €40,813 | +€71,449 | |
| Income taxes | 67/77 | -€10 | €2,407 | +€2,417 | |
| Profit (loss) for the period | 9904 | -€30,627 | €38,406 | +€69,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,627 | €38,406 | +€69,032 |
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 1 October 2026 via checked.be.