TLK: 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.
TLK
Largest movements
- Cash +€58,949
up €58,949 (+45.6%), from €129,176 to €188,125
mainly Current investments (+€25,000) and Depreciation (+€20,901)
- Current investments -€25,000
down €25,000 (-24.9%), from €100,245 to €75,245
- Tangible fixed assets -€20,901
down €20,901 (-18.0%), from €116,403 to €95,502
- Reserves +€14,560
up €14,560 (+5.6%), from €258,960 to €273,520
- Financial income +€2,269
up €2,269 (+309.4%), from €733 to €3,002
- Taxes +€646
up €646 (+9.1%), from €7,095 to €7,741
- Gross operating margin -€596
down €596 (-1.3%), from €45,426 to €44,830
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 | €351,367 | €362,914 | +€11,547 | +3.3% |
| Fixed assets | 21/28 | €116,403 | €95,502 | -€20,901 | -18.0% |
| Tangible fixed assets | 22/27 | €116,403 | €95,502 | -€20,901 | -18.0% |
| Land and buildings | 22 | €80,576 | €71,621 | -€8,956 | -11.1% |
| Plant, machinery and equipment | 23 | €14,665 | €9,546 | -€5,119 | -34.9% |
| Furniture and vehicles | 24 | €21,162 | €14,335 | -€6,827 | -32.3% |
| Current assets | 29/58 | €234,963 | €267,412 | +€32,448 | +13.8% |
| Amounts receivable within one year | 40/41 | €3,090 | €1,654 | -€1,436 | -46.5% |
| Other amounts receivable | 41 | €3,090 | €1,654 | -€1,436 | -46.5% |
| Current investments | 50/53 | €100,245 | €75,245 | -€25,000 | -24.9% |
| Cash at bank and in hand | 54/58 | €129,176 | €188,125 | +€58,949 | +45.6% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,387 | -€65 | -2.7% |
| Total equity and liabilities | 10/49 | €351,367 | €362,914 | +€11,547 | +3.3% |
| Equity | 10/15 | €335,813 | €350,373 | +€14,560 | +4.3% |
| Contributions | 10/11 | €34,085 | €34,085 | = | 0.0% |
| Reserves | 13 | €258,960 | €273,520 | +€14,560 | +5.6% |
| Distributable reserves | 133 | €258,960 | €273,520 | +€14,560 | +5.6% |
| Profit (loss) carried forward | 14 | €42,768 | €42,768 | = | 0.0% |
| Amounts payable | 17/49 | €15,553 | €12,540 | -€3,013 | -19.4% |
| Amounts payable after more than one year | 17 | €3,938 | €1,339 | -€2,599 | -66.0% |
| Financial debts | 170/4 | €3,938 | €1,339 | -€2,599 | -66.0% |
| Amounts payable within one year | 42/48 | €10,955 | €11,201 | +€246 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €2,498 | €2,599 | +€101 | +4.1% |
| Trade debts | 44 | €3,462 | €4,511 | +€1,049 | +30.3% |
| Suppliers | 440/4 | €3,462 | €4,511 | +€1,049 | +30.3% |
| Taxes, remuneration and social security | 45 | €904 | - | -€904 | |
| Taxes | 450/3 | €904 | - | -€904 | |
| Other amounts payable | 47/48 | €4,091 | €4,091 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €660 | - | -€660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,290 | €20,901 | -€388 | -1.8% |
| Other operating charges | 640/8 | €4,086 | €4,214 | +€128 | +3.1% |
| Gross operating margin | 9900 | €45,426 | €44,830 | -€596 | -1.3% |
| Operating profit (loss) | 9901 | €20,051 | €19,715 | -€336 | -1.7% |
| Financial income | 75/76B | €733 | €3,002 | +€2,269 | +309.4% |
| Recurring financial income | 75 | €733 | €3,002 | +€2,269 | +309.4% |
| Financial charges | 65/66B | €412 | €416 | +€4 | +1.0% |
| Recurring financial charges | 65 | €412 | €416 | +€4 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €20,372 | €22,301 | +€1,929 | +9.5% |
| Income taxes | 67/77 | €7,095 | €7,741 | +€646 | +9.1% |
| Profit (loss) for the period | 9904 | €13,277 | €14,560 | +€1,283 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,277 | €14,560 | +€1,283 | +9.7% |
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 2 October 2026 via checked.be.