TKM Partners: 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.
TKM Partners
Largest movements
- Cash +€6,221
up €6,221 (+61.1%), from €10,176 to €16,397
mainly Trade debts (+€3,562) and Net result for the year (+€3,185)
- Stocks and contracts -€489
down €489 (-18.9%), from €2,592 to €2,103
- Trade debts +€3,562
up €3,562 (+1,068%), from €334 to €3,895
- Profit (loss) carried forward +€3,185
up €3,185 (+27.8%), from €11,475 to €14,660
- Tax, wage and social debts -€1,272
down €1,272 (-20.0%), from €6,370 to €5,098
- Gross operating margin -€10,315
down €10,315 (-64.6%), from €15,972 to €5,657
- Taxes -€1,785
down €1,785 (-61.5%), from €2,902 to €1,118
- Depreciation -€1,465
no longer reported in 2025 (was €1,465)
- Other operating charges +€1,059
up €1,059 (+997%), from €106 to €1,166
- Financial charges +€170
up €170 (+731%), from €23 to €193
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.
Derived cash bridge
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 | €21,178 | €26,653 | +€5,475 | +25.8% |
| Fixed assets | 21/28 | €450 | €450 | = | 0.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €20,728 | €26,203 | +€5,475 | +26.4% |
| Stocks and contracts in progress | 3 | €2,592 | €2,103 | -€489 | -18.9% |
| Stocks | 30/36 | €2,592 | €2,103 | -€489 | -18.9% |
| Amounts receivable within one year | 40/41 | €7,961 | €7,703 | -€258 | -3.2% |
| Trade receivables | 40 | €7,961 | €7,703 | -€258 | -3.2% |
| Cash at bank and in hand | 54/58 | €10,176 | €16,397 | +€6,221 | +61.1% |
| Total equity and liabilities | 10/49 | €21,178 | €26,653 | +€5,475 | +25.8% |
| Equity | 10/15 | €14,475 | €17,660 | +€3,185 | +22.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,475 | €14,660 | +€3,185 | +27.8% |
| Amounts payable | 17/49 | €6,703 | €8,994 | +€2,290 | +34.2% |
| Amounts payable within one year | 42/48 | €6,703 | €8,994 | +€2,290 | +34.2% |
| Trade debts | 44 | €334 | €3,895 | +€3,562 | +1,068% |
| Suppliers | 440/4 | €334 | €3,895 | +€3,562 | +1,068% |
| Taxes, remuneration and social security | 45 | €6,370 | €5,098 | -€1,272 | -20.0% |
| Taxes | 450/3 | €6,370 | €5,098 | -€1,272 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,465 | - | -€1,465 | |
| Other operating charges | 640/8 | €106 | €1,166 | +€1,059 | +997% |
| Gross operating margin | 9900 | €15,972 | €5,657 | -€10,315 | -64.6% |
| Operating profit (loss) | 9901 | €14,401 | €4,492 | -€9,909 | -68.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €23 | €193 | +€170 | +731% |
| Recurring financial charges | 65 | €23 | €193 | +€170 | +731% |
| Profit (loss) for the period before taxes | 9903 | €14,377 | €4,302 | -€10,075 | -70.1% |
| Income taxes | 67/77 | €2,902 | €1,118 | -€1,785 | -61.5% |
| Profit (loss) for the period | 9904 | €11,475 | €3,185 | -€8,290 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,475 | €3,185 | -€8,290 | -72.2% |
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 14 October 2026 via checked.be.