TKN: 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.
TKN
Largest movements
- Cash +€65,511
up €65,511 (+509%), from €12,860 to €78,371
mainly Net result for the year (+€55,520) and Trade debts (+€19,135)
- Receivables within one year +€9,703
up €9,703 (+49.8%), from €19,498 to €29,202
of which Trade receivables: +€9,368
- Tangible fixed assets -€2,694
down €2,694 (-24.9%), from €10,837 to €8,143
of which Furniture and vehicles: -€3,820
- Deferred charges and accrued income +€2,151
up €2,151 (+85.2%), from €2,525 to €4,677
- Profit (loss) carried forward +€29,440
no longer reported in 2025 (was -€29,440)
- Reserves +€26,080
up €26,080 (+108%), from €24,236 to €50,316
- Trade debts +€19,135
up €19,135 (+667%), from €2,870 to €22,005
- Gross operating margin +€89,552
up €89,552, from -€18,658 to €70,895
- Taxes +€9,956
up €9,956 (+7,136%), from €140 to €10,095
- Other operating charges +€1,278
up €1,278 (+123%), from €1,042 to €2,320
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 | €45,721 | €120,392 | +€74,671 | +163% |
| Fixed assets | 21/28 | €10,837 | €8,143 | -€2,694 | -24.9% |
| Tangible fixed assets | 22/27 | €10,837 | €8,143 | -€2,694 | -24.9% |
| Plant, machinery and equipment | 23 | €0 | €1,125 | +€1,125 | |
| Furniture and vehicles | 24 | €10,837 | €7,017 | -€3,820 | -35.2% |
| Current assets | 29/58 | €34,884 | €112,249 | +€77,365 | +222% |
| Amounts receivable within one year | 40/41 | €19,498 | €29,202 | +€9,703 | +49.8% |
| Trade receivables | 40 | €18,702 | €28,070 | +€9,368 | +50.1% |
| Other amounts receivable | 41 | €796 | €1,132 | +€336 | +42.2% |
| Cash at bank and in hand | 54/58 | €12,860 | €78,371 | +€65,511 | +509% |
| Deferred charges and accrued income | 490/1 | €2,525 | €4,677 | +€2,151 | +85.2% |
| Total equity and liabilities | 10/49 | €45,721 | €120,392 | +€74,671 | +163% |
| Equity | 10/15 | €13,396 | €68,916 | +€55,520 | +414% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,236 | €50,316 | +€26,080 | +108% |
| Distributable reserves | 133 | €24,236 | €50,316 | +€26,080 | +108% |
| Profit (loss) carried forward | 14 | -€29,440 | - | +€29,440 | |
| Amounts payable | 17/49 | €32,325 | €51,475 | +€19,151 | +59.2% |
| Amounts payable after more than one year | 17 | €10,640 | €10,314 | -€326 | -3.1% |
| Other amounts payable | 178/9 | €10,640 | €10,314 | -€326 | -3.1% |
| Amounts payable within one year | 42/48 | €21,685 | €41,161 | +€19,477 | +89.8% |
| Trade debts | 44 | €2,870 | €22,005 | +€19,135 | +667% |
| Suppliers | 440/4 | €2,870 | €22,005 | +€19,135 | +667% |
| Taxes, remuneration and social security | 45 | €18,815 | €19,156 | +€341 | +1.8% |
| Taxes | 450/3 | €1,084 | €13,156 | +€12,071 | +1,113% |
| Remuneration and social security | 454/9 | €17,730 | €6,000 | -€11,730 | -66.2% |
| Non-recurring operating income | 76A | - | €10,601 | +€10,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,542 | €3,014 | +€472 | +18.6% |
| Other operating charges | 640/8 | €1,042 | €2,320 | +€1,278 | +123% |
| Gross operating margin | 9900 | -€18,658 | €70,895 | +€89,552 | |
| Operating profit (loss) | 9901 | -€22,242 | €65,560 | +€87,802 | |
| Financial income | 75/76B | €0 | €316 | +€316 | +3,161,400% |
| Recurring financial income | 75 | €0 | €316 | +€316 | +3,161,400% |
| Financial charges | 65/66B | €97 | €261 | +€164 | +170% |
| Recurring financial charges | 65 | €97 | €261 | +€164 | +170% |
| Profit (loss) for the period before taxes | 9903 | -€22,339 | €65,615 | +€87,954 | |
| Income taxes | 67/77 | €140 | €10,095 | +€9,956 | +7,136% |
| Profit (loss) for the period | 9904 | -€22,478 | €55,520 | +€77,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,478 | €55,520 | +€77,998 |
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.