TK34: 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.
TK34
Largest movements
- Cash +€6,384
up €6,384 (+54.7%), from €11,678 to €18,062
mainly Net result for the year (+€6,562) and Other debts (+€2,760)
- Receivables within one year +€4,872
up €4,872 (+379.9%), from €1,282 to €6,155
of which Trade receivables: +€4,182
- Tangible fixed assets -€367
down €367 (-13.2%), from €2,776 to €2,409
of which Plant, machinery and equipment: -€218
- Formation expenses -€275
down €275 (-100.0%), from €275 to €0
- Profit (loss) carried forward +€6,562
up €6,562 (+107.4%), from €6,112 to €12,674
- Other debts +€2,760
up €2,760 (+94.1%), from €2,932 to €5,692
- Tax, wage and social debts +€857
up €857 (+39.8%), from €2,154 to €3,011
of which Remuneration and social security: +€1,123
- Trade debts +€440
new in 2025: €440
- Depreciation -€536
down €536 (-45.5%), from €1,177 to €641
- Taxes +€404
up €404 (+27.2%), from €1,484 to €1,888
- Gross operating margin +€345
up €345 (+3.9%), from €8,828 to €9,173
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 | €16,198 | €26,817 | +€10,619 | +65.6% |
| Formation expenses | 20 | €275 | €0 | -€275 | -100.0% |
| Fixed assets | 21/28 | €2,776 | €2,409 | -€367 | -13.2% |
| Tangible fixed assets | 22/27 | €2,776 | €2,409 | -€367 | -13.2% |
| Plant, machinery and equipment | 23 | €2,142 | €1,925 | -€218 | -10.2% |
| Furniture and vehicles | 24 | €634 | €485 | -€149 | -23.5% |
| Current assets | 29/58 | €13,147 | €24,408 | +€11,261 | +85.6% |
| Amounts receivable within one year | 40/41 | €1,282 | €6,155 | +€4,872 | +379.9% |
| Trade receivables | 40 | €160 | €4,342 | +€4,182 | +2613.5% |
| Other amounts receivable | 41 | €1,122 | €1,813 | +€691 | +61.5% |
| Cash at bank and in hand | 54/58 | €11,678 | €18,062 | +€6,384 | +54.7% |
| Deferred charges and accrued income | 490/1 | €187 | €192 | +€5 | +2.6% |
| Total equity and liabilities | 10/49 | €16,198 | €26,817 | +€10,619 | +65.6% |
| Equity | 10/15 | €11,112 | €17,674 | +€6,562 | +59.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,112 | €12,674 | +€6,562 | +107.4% |
| Amounts payable | 17/49 | €5,086 | €9,144 | +€4,057 | +79.8% |
| Amounts payable within one year | 42/48 | €5,086 | €9,144 | +€4,057 | +79.8% |
| Trade debts | 44 | - | €440 | +€440 | |
| Suppliers | 440/4 | - | €440 | +€440 | |
| Taxes, remuneration and social security | 45 | €2,154 | €3,011 | +€857 | +39.8% |
| Taxes | 450/3 | €2,154 | €1,888 | -€266 | -12.3% |
| Remuneration and social security | 454/9 | - | €1,123 | +€1,123 | |
| Other amounts payable | 47/48 | €2,932 | €5,692 | +€2,760 | +94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,177 | €641 | -€536 | -45.5% |
| Gross operating margin | 9900 | €8,828 | €9,173 | +€345 | +3.9% |
| Operating profit (loss) | 9901 | €7,651 | €8,531 | +€880 | +11.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €55 | €86 | +€31 | +57.7% |
| Recurring financial charges | 65 | €55 | €86 | +€31 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €7,596 | €8,450 | +€854 | +11.2% |
| Income taxes | 67/77 | €1,484 | €1,888 | +€404 | +27.2% |
| Profit (loss) for the period | 9904 | €6,112 | €6,562 | +€450 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,112 | €6,562 | +€450 | +7.4% |
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.