TK Elevator Belgium: 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.
What changed
TK Elevator Belgium
NACE 43.240, Other construction installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14.4m
2024 · -€3.5m+€17.9m
Equity
€15.7m
2024 · €15.7m+€16,660
Cash
€10.3m
2024 · €10.4m-€153,874
Balance sheet total
€61.7m
2024 · €62.0m-€345,608
Largest movements
Assets
- Tangible fixed assets +€939,349
up €939,349 (+147.7%), from €635,776 to €1.6m
of which Other tangible fixed assets: +€1.3m
- Receivables within one year -€664,036
down €664,036 (-1.7%), from €39.5m to €38.8m
of which Other amounts receivable: -€359,206
Equity and liabilities
- Other debts +€14.4m
new in 2025: €14.4m
- Provisions -€13.7m
down €13.7m (-64.2%), from €21.4m to €7.7m
- Advances received -€845,941
down €845,941 (-11.9%), from €7.1m to €6.3m
Income statement
- Provisions -€15.1m
down €15.1m, from €1.3m to -€13.7m
- Goods and materials -€7.0m
down €7.0m (-23.4%), from €29.9m to €22.9m
of which Purchases: -€7.0m
- Staff costs +€970,292
up €970,292 (+4.2%), from €23.3m to €24.3m
- Taxes +€852,050
up €852,050, from -€28,255 to €823,796
of which Taxes: +€823,796
- Other operating charges +€609,083
up €609,083 (+433.5%), from €140,511 to €749,594
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.
Result 2024
-€3.5m
Turnover
-€92,934
Other operating income
+€166,754
Goods and materials
+€7.0m
Services and other goods
-€564,244
Staff costs
-€970,292
Depreciation
-€179,922
Write-downs
+€605,426
Provisions
+€15.1m
Other operating charges
-€609,083
Other operating items
-€1.6m
Financial income
+€23,821
Financial charges
-€33,145
Taxes
-€852,050
Result 2025
€14.4m
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.
From operations
+€15.4m
Investment
-€1.2m
Financing
-€14.4m
Cash 2024
€10.4m
From operations (derived)
+€15.4m
Net result for the year
+€14.4m
Depreciation
+€751,073
Receivables after one year
-€266,113
Stocks and contracts
+€205,655
Receivables within one year
+€664,036
Smaller working-capital items
+€27,100
Provisions
-€13.7m
Trade debts
-€606,231
Tax, wage and social debts
+€400,932
Advances received
-€845,941
Other debts
+€14.4m
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€14.4m
Debts after one year
-€19,859
Contributions, distributions and other
-€14.4m
Cash 2025
€10.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,045,825 | €61,700,217 | -€345,608 | -0.6% |
| Fixed assets | 21/28 | €2,177,542 | €2,588,239 | +€410,697 | +18.9% |
| Intangible fixed assets | 21 | €1,404,195 | €869,943 | -€534,253 | -38.0% |
| Tangible fixed assets | 22/27 | €635,776 | €1,575,125 | +€939,349 | +147.7% |
| Plant, machinery and equipment | 23 | €197,944 | €151,060 | -€46,883 | -23.7% |
| Furniture and vehicles | 24 | €12,672 | €116,218 | +€103,546 | +817.1% |
| Other tangible fixed assets | 26 | €7,008 | €1,299,793 | +€1.3m | +18446.8% |
| Assets under construction and advance payments | 27 | €418,152 | €8,054 | -€410,098 | -98.1% |
| Financial fixed assets | 28 | €137,571 | €143,171 | +€5,600 | +4.1% |
| Other financial fixed assets | 284/8 | €137,571 | €143,171 | +€5,600 | +4.1% |
| Amounts receivable and cash guarantees | 285/8 | €137,571 | €143,171 | +€5,600 | +4.1% |
| Current assets | 29/58 | €59,868,283 | €59,111,978 | -€756,305 | -1.3% |
| Amounts receivable after more than one year | 29 | €237,688 | €503,801 | +€266,113 | +112.0% |
| Trade receivables | 290 | €237,688 | €503,801 | +€266,113 | +112.0% |
| Stocks and contracts in progress | 3 | €9,643,793 | €9,438,138 | -€205,655 | -2.1% |
| Stocks | 30/36 | €820,582 | €826,793 | +€6,211 | +0.8% |
| Raw materials and consumables | 30/31 | €820,582 | €826,793 | +€6,211 | +0.8% |
| Contracts in progress | 37 | €8,823,211 | €8,611,344 | -€211,866 | -2.4% |
| Amounts receivable within one year | 40/41 | €39,503,100 | €38,839,064 | -€664,036 | -1.7% |
| Trade receivables | 40 | €18,219,033 | €17,914,203 | -€304,830 | -1.7% |
| Other amounts receivable | 41 | €21,284,067 | €20,924,862 | -€359,206 | -1.7% |
| Cash at bank and in hand | 54/58 | €10,425,081 | €10,271,207 | -€153,874 | -1.5% |
| Deferred charges and accrued income | 490/1 | €58,621 | €59,768 | +€1,147 | +2.0% |
| Total equity and liabilities | 10/49 | €62,045,825 | €61,700,217 | -€345,608 | -0.6% |
| Equity | 10/15 | €15,670,277 | €15,686,937 | +€16,660 | +0.1% |
| Contributions | 10/11 | €2,480,000 | €2,480,000 | = | 0.0% |
| Capital | 10 | €2,480,000 | €2,480,000 | = | 0.0% |
| Issued capital | 100 | €2,480,000 | €2,480,000 | = | 0.0% |
| Reserves | 13 | €2,951,496 | €2,951,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,521 | €250,521 | = | 0.0% |
| Legal reserve | 130 | €248,000 | €248,000 | = | 0.0% |
| Other | 1319 | €2,521 | €2,521 | = | 0.0% |
| Distributable reserves | 133 | €2,700,975 | €2,700,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,238,782 | €10,255,441 | +€16,660 | +0.2% |
| Provisions and deferred taxes | 16 | €21,383,866 | €7,664,451 | -€13.7m | -64.2% |
| Provisions for liabilities and charges | 160/5 | €21,383,866 | €7,664,451 | -€13.7m | -64.2% |
| Pensions and similar obligations | 160 | €1,002,805 | €866,773 | -€136,033 | -13.6% |
| Other liabilities and charges | 164/5 | €20,381,061 | €6,797,678 | -€13.6m | -66.6% |
| Amounts payable | 17/49 | €24,991,681 | €38,348,829 | +€13.4m | +53.4% |
| Amounts payable after more than one year | 17 | €19,859 | - | -€19,859 | |
| Other amounts payable | 178/9 | €19,859 | - | -€19,859 | |
| Amounts payable within one year | 42/48 | €20,533,029 | €33,881,790 | +€13.3m | +65.0% |
| Trade debts | 44 | €7,009,791 | €6,403,560 | -€606,231 | -8.6% |
| Suppliers | 440/4 | €7,009,791 | €6,403,560 | -€606,231 | -8.6% |
| Advances received on contracts in progress | 46 | €7,114,122 | €6,268,181 | -€845,941 | -11.9% |
| Taxes, remuneration and social security | 45 | €6,409,117 | €6,810,049 | +€400,932 | +6.3% |
| Taxes | 450/3 | €712,424 | €691,525 | -€20,899 | -2.9% |
| Remuneration and social security | 454/9 | €5,696,693 | €6,118,524 | +€421,831 | +7.4% |
| Other amounts payable | 47/48 | - | €14,400,000 | +€14.4m | |
| Accrued charges and deferred income | 492/3 | €4,438,792 | €4,467,039 | +€28,247 | +0.6% |
| Operating income | 70/76A | €61,524,442 | €60,202,326 | -€1.3m | -2.1% |
| Turnover | 70 | €59,147,092 | €59,054,158 | -€92,934 | -0.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,437,218 | -€208,788 | -€1.6m | |
| Other operating income | 74 | €940,132 | €1,106,886 | +€166,754 | +17.7% |
| Non-recurring operating income | 76A | - | €250,070 | +€250,070 | |
| Operating charges | 60/66A | €66,298,133 | €46,182,025 | -€20.1m | -30.3% |
| Goods for resale, raw materials and consumables | 60 | €29,889,756 | €22,905,751 | -€7.0m | -23.4% |
| Purchases | 600/8 | €29,939,722 | €22,922,933 | -€7.0m | -23.4% |
| Change in stocks: decrease (increase) | 609 | -€49,966 | -€17,182 | +€32,784 | +65.6% |
| Services and other goods | 61 | €10,749,186 | €11,313,430 | +€564,244 | +5.2% |
| Remuneration, social security and pensions | 62 | €23,337,745 | €24,308,036 | +€970,292 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571,151 | €751,073 | +€179,922 | +31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €275,422 | -€330,004 | -€605,426 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,331,499 | -€13,718,747 | -€15.1m | |
| Other operating charges | 640/8 | €140,511 | €749,594 | +€609,083 | +433.5% |
| Non-recurring operating charges | 66A | €2,862 | €202,890 | +€200,028 | +6988.5% |
| Operating profit (loss) | 9901 | -€4,773,691 | €14,020,302 | +€18.8m | |
| Financial income | 75/76B | €1,431,294 | €1,455,116 | +€23,821 | +1.7% |
| Recurring financial income | 75 | €1,431,294 | €1,455,116 | +€23,821 | +1.7% |
| Income from current assets | 751 | €1,415,414 | €1,371,268 | -€44,146 | -3.1% |
| Other financial income | 752/9 | €15,880 | €83,848 | +€67,967 | +428.0% |
| Financial charges | 65/66B | €201,816 | €234,962 | +€33,145 | +16.4% |
| Recurring financial charges | 65 | €201,816 | €234,962 | +€33,145 | +16.4% |
| Debt charges | 650 | €109,481 | €148,467 | +€38,986 | +35.6% |
| Other financial charges | 652/9 | €92,336 | €86,494 | -€5,841 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,544,213 | €15,240,455 | +€18.8m | |
| Income taxes | 67/77 | -€28,255 | €823,796 | +€852,050 | |
| Taxes | 670/3 | - | €823,796 | +€823,796 | |
| Tax adjustments and reversals of tax provisions | 77 | €28,255 | - | -€28,255 | |
| Profit (loss) for the period | 9904 | -€3,515,958 | €14,416,660 | +€17.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,515,958 | €14,416,660 | +€17.9m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.