TKL: 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.
TKL
Largest movements
- Tangible fixed assets -€9,854
no longer reported in 2025 (was €9,854)
- Cash +€3,968
up €3,968 (+5695.9%), from €70 to €4,037
mainly Investment in fixed assets (net) (+€9,446) and Tax, wage and social debts (+€1,480)
- Formation expenses -€413
down €413 (-33.3%), from €1,240 to €826
- Deferred charges and accrued income +€235
up €235 (+91.9%), from €256 to €491
- Trade debts -€8,622
down €8,622 (-87.0%), from €9,913 to €1,290
- Tax, wage and social debts +€1,480
up €1,480 (+90.8%), from €1,630 to €3,110
of which Taxes: +€2,480
- Profit (loss) carried forward +€1,215
up €1,215 (+17.3%), from €7,006 to €8,222
- Other operating charges +€7,192
up €7,192 (+2498.9%), from €288 to €7,480
- Depreciation -€3,725
down €3,725 (-81.9%), from €4,545 to €821
- Staff costs -€3,145
down €3,145, from €2,880 to -€265
- Financial charges +€1,347
up €1,347 (+387.6%), from €348 to €1,695
- Gross operating margin -€1,333
down €1,333 (-11.2%), from €11,856 to €10,523
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 | €21,049 | €15,122 | -€5,927 | -28.2% |
| Formation expenses | 20 | €1,240 | €826 | -€413 | -33.3% |
| Fixed assets | 21/28 | €9,854 | - | -€9,854 | |
| Tangible fixed assets | 22/27 | €9,854 | - | -€9,854 | |
| Furniture and vehicles | 24 | €9,854 | - | -€9,854 | |
| Current assets | 29/58 | €9,956 | €14,296 | +€4,340 | +43.6% |
| Amounts receivable within one year | 40/41 | €9,631 | €9,767 | +€137 | +1.4% |
| Trade receivables | 40 | €1,301 | €325 | -€976 | -75.0% |
| Other amounts receivable | 41 | €8,330 | €9,442 | +€1,112 | +13.4% |
| Cash at bank and in hand | 54/58 | €70 | €4,037 | +€3,968 | +5695.9% |
| Deferred charges and accrued income | 490/1 | €256 | €491 | +€235 | +91.9% |
| Total equity and liabilities | 10/49 | €21,049 | €15,122 | -€5,927 | -28.2% |
| Equity | 10/15 | €9,506 | €10,722 | +€1,215 | +12.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,006 | €8,222 | +€1,215 | +17.3% |
| Amounts payable | 17/49 | €11,543 | €4,401 | -€7,143 | -61.9% |
| Amounts payable within one year | 42/48 | €11,543 | €4,401 | -€7,143 | -61.9% |
| Trade debts | 44 | €9,913 | €1,290 | -€8,622 | -87.0% |
| Suppliers | 440/4 | €9,913 | €1,290 | -€8,622 | -87.0% |
| Taxes, remuneration and social security | 45 | €1,630 | €3,110 | +€1,480 | +90.8% |
| Taxes | 450/3 | €630 | €3,110 | +€2,480 | +393.8% |
| Remuneration and social security | 454/9 | €1,001 | - | -€1,001 | |
| Remuneration, social security and pensions | 62 | €2,880 | -€265 | -€3,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,545 | €821 | -€3,725 | -81.9% |
| Other operating charges | 640/8 | €288 | €7,480 | +€7,192 | +2498.9% |
| Gross operating margin | 9900 | €11,856 | €10,523 | -€1,333 | -11.2% |
| Operating profit (loss) | 9901 | €4,143 | €2,487 | -€1,656 | -40.0% |
| Financial income | 75/76B | €256 | €727 | +€471 | +184.1% |
| Recurring financial income | 75 | €256 | €727 | +€471 | +184.1% |
| Financial charges | 65/66B | €348 | €1,695 | +€1,347 | +387.6% |
| Recurring financial charges | 65 | €348 | €1,695 | +€1,347 | +387.6% |
| Profit (loss) for the period before taxes | 9903 | €4,051 | €1,519 | -€2,532 | -62.5% |
| Income taxes | 67/77 | €825 | €304 | -€521 | -63.2% |
| Profit (loss) for the period | 9904 | €3,226 | €1,215 | -€2,011 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,226 | €1,215 | -€2,011 | -62.3% |
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 10 October 2026 via checked.be.