T.C.F.: what changed
What changed
T.C.F.
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€4,221
2024 · -€14,321+€10,099
Equity
€38,107
2024 · €42,329-€4,221
Cash
€2,595
2024 · €2,222+€373
Balance sheet total
€101,043
2024 · €102,605-€1,563
Largest movements
Assets
- Tangible fixed assets -€1,935
down €1,935 (-4.0%), from €48,126 to €46,191
of which Plant, machinery and equipment: -€1,039
Equity and liabilities
- Profit (loss) carried forward -€4,221
down €4,221 (-97.6%), from -€4,325 to -€8,547
- Other debts +€2,150
up €2,150 (+4.1%), from €52,671 to €54,821
Income statement
- Gross operating margin +€9,953
up €9,953 (+96.7%), from -€10,290 to -€336
- Depreciation +€338
up €338 (+21.1%), from €1,597 to €1,935
- Other operating charges -€334
down €334 (-15.6%), from €2,144 to €1,810
- Taxes -€148
no longer reported in 2025 (was €148)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€14,321
Gross operating margin
+€9,953
Depreciation
-€338
Other operating charges
+€334
Financial charges
+€1
Taxes
+€148
Result 2025
-€4,221
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€373
Investment
€0
Financing
€0
Cash 2024
€2,222
From operations (derived)
+€373
Net result for the year
-€4,221
Depreciation
+€1,935
Trade debts
-€344
Tax, wage and social debts
+€853
Other debts
+€2,150
Cash 2025
€2,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,605 | €101,043 | -€1,563 | -1.5% |
| Fixed assets | 21/28 | €91,870 | €89,935 | -€1,935 | -2.1% |
| Intangible fixed assets | 21 | €42,491 | €42,491 | = | 0.0% |
| Tangible fixed assets | 22/27 | €48,126 | €46,191 | -€1,935 | -4.0% |
| Land and buildings | 22 | €38,300 | €38,300 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,905 | €4,866 | -€1,039 | -17.6% |
| Furniture and vehicles | 24 | €3,921 | €3,025 | -€896 | -22.8% |
| Financial fixed assets | 28 | €1,253 | €1,253 | = | 0.0% |
| Current assets | 29/58 | €10,736 | €11,108 | +€373 | +3.5% |
| Amounts receivable within one year | 40/41 | €8,513 | €8,513 | = | 0.0% |
| Other amounts receivable | 41 | €8,513 | €8,513 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,222 | €2,595 | +€373 | +16.8% |
| Total equity and liabilities | 10/49 | €102,605 | €101,043 | -€1,563 | -1.5% |
| Equity | 10/15 | €42,329 | €38,107 | -€4,221 | -10.0% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Contributions outside capital | 11 | €11,155 | - | -€11,155 | |
| Share premium | 1100/10 | €11,155 | - | -€11,155 | |
| Reserves | 13 | €35,499 | €35,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,639 | €33,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,325 | -€8,547 | -€4,221 | -97.6% |
| Amounts payable | 17/49 | €60,277 | €62,935 | +€2,659 | +4.4% |
| Amounts payable within one year | 42/48 | €60,277 | €62,935 | +€2,659 | +4.4% |
| Trade debts | 44 | €5,570 | €5,226 | -€344 | -6.2% |
| Suppliers | 440/4 | €5,570 | €5,226 | -€344 | -6.2% |
| Taxes, remuneration and social security | 45 | €2,036 | €2,888 | +€853 | +41.9% |
| Taxes | 450/3 | €2,036 | €2,888 | +€853 | +41.9% |
| Other amounts payable | 47/48 | €52,671 | €54,821 | +€2,150 | +4.1% |
| Non-recurring operating income | 76A | - | €2,893 | +€2,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €1,935 | +€338 | +21.1% |
| Other operating charges | 640/8 | €2,144 | €1,810 | -€334 | -15.6% |
| Gross operating margin | 9900 | -€10,290 | -€336 | +€9,953 | +96.7% |
| Operating profit (loss) | 9901 | -€14,031 | -€4,081 | +€9,950 | +70.9% |
| Financial charges | 65/66B | €141 | €140 | -€1 | -0.8% |
| Recurring financial charges | 65 | €141 | €140 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,172 | -€4,221 | +€9,951 | +70.2% |
| Income taxes | 67/77 | €148 | - | -€148 | |
| Profit (loss) for the period | 9904 | -€14,321 | -€4,221 | +€10,099 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,321 | -€4,221 | +€10,099 | +70.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.