TKN Group: 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 Group
Largest movements
- Receivables within one year -€329,172
down €329,172 (-25.6%), from €1.3m to €956,786
of which Trade receivables: -€338,069
- Cash +€89,761
up €89,761 (+328.9%), from €27,288 to €117,049
mainly Receivables within one year (+€329,172) and Tax, wage and social debts (+€21,502)
- Tangible fixed assets +€16,000
up €16,000 (+162.0%), from €9,875 to €25,875
of which Furniture and vehicles: +€18,605
- Trade debts -€230,496
down €230,496 (-19.0%), from €1.2m to €984,060
- Tax, wage and social debts +€21,502
up €21,502 (+32.0%), from €67,150 to €88,651
of which Remuneration and social security: +€25,125
- Profit (loss) carried forward -€14,417
down €14,417 (-49.0%), from €29,448 to €15,032
- Staff costs +€120,680
up €120,680 (+32.5%), from €370,857 to €491,537
- Gross operating margin +€95,402
up €95,402 (+23.9%), from €399,849 to €495,251
- Depreciation -€5,059
down €5,059 (-54.6%), from €9,261 to €4,202
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 | €1,323,121 | €1,099,709 | -€223,411 | -16.9% |
| Fixed assets | 21/28 | €9,875 | €25,875 | +€16,000 | +162.0% |
| Tangible fixed assets | 22/27 | €9,875 | €25,875 | +€16,000 | +162.0% |
| Plant, machinery and equipment | 23 | €9,053 | €6,449 | -€2,604 | -28.8% |
| Furniture and vehicles | 24 | €821 | €19,426 | +€18,605 | +2265.5% |
| Current assets | 29/58 | €1,313,246 | €1,073,835 | -€239,411 | -18.2% |
| Amounts receivable within one year | 40/41 | €1,285,958 | €956,786 | -€329,172 | -25.6% |
| Trade receivables | 40 | €1,277,281 | €939,212 | -€338,069 | -26.5% |
| Other amounts receivable | 41 | €8,677 | €17,574 | +€8,896 | +102.5% |
| Cash at bank and in hand | 54/58 | €27,288 | €117,049 | +€89,761 | +328.9% |
| Total equity and liabilities | 10/49 | €1,323,121 | €1,099,709 | -€223,411 | -16.9% |
| Equity | 10/15 | €41,415 | €26,998 | -€14,417 | -34.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,967 | €9,967 | = | 0.0% |
| Distributable reserves | 133 | €9,967 | €9,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,448 | €15,032 | -€14,417 | -49.0% |
| Amounts payable | 17/49 | €1,281,706 | €1,072,711 | -€208,995 | -16.3% |
| Amounts payable within one year | 42/48 | €1,281,706 | €1,072,711 | -€208,995 | -16.3% |
| Trade debts | 44 | €1,214,557 | €984,060 | -€230,496 | -19.0% |
| Suppliers | 440/4 | €1,214,557 | €984,060 | -€230,496 | -19.0% |
| Taxes, remuneration and social security | 45 | €67,150 | €88,651 | +€21,502 | +32.0% |
| Taxes | 450/3 | €22,972 | €19,349 | -€3,623 | -15.8% |
| Remuneration and social security | 454/9 | €44,177 | €69,302 | +€25,125 | +56.9% |
| Remuneration, social security and pensions | 62 | €370,857 | €491,537 | +€120,680 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,261 | €4,202 | -€5,059 | -54.6% |
| Other operating charges | 640/8 | €4,166 | €4,414 | +€249 | +6.0% |
| Gross operating margin | 9900 | €399,849 | €495,251 | +€95,402 | +23.9% |
| Operating profit (loss) | 9901 | €15,565 | -€4,902 | -€20,467 | |
| Financial charges | 65/66B | €467 | €1,819 | +€1,353 | +289.8% |
| Recurring financial charges | 65 | €467 | €1,819 | +€1,353 | +289.8% |
| Profit (loss) for the period before taxes | 9903 | €15,098 | -€6,721 | -€21,819 | |
| Income taxes | 67/77 | €11,103 | €7,695 | -€3,408 | -30.7% |
| Profit (loss) for the period | 9904 | €3,995 | -€14,417 | -€18,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,995 | -€14,417 | -€18,412 |
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.