TBF Advance: 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.
TBF Advance
Largest movements
- Cash +€204,936
up €204,936 (+21,784%), from €941 to €205,877
mainly Net result for the year (+€225,263) and Other debts (+€137,963)
- Receivables within one year -€77,508
down €77,508 (-61.1%), from €126,817 to €49,309
of which Trade receivables: -€78,438
- Tangible fixed assets -€11,210
down €11,210 (-48.5%), from €23,127 to €11,916
- Other debts +€137,963
up €137,963 (+157%), from €87,932 to €225,894
- Tax, wage and social debts -€23,962
down €23,962 (-64.5%), from €37,156 to €13,195
- Trade debts +€4,382
up €4,382 (+34,259%), from €13 to €4,394
- Gross operating margin -€38,531
down €38,531 (-11.0%), from €350,101 to €311,570
- Taxes -€7,846
down €7,846 (-9.6%), from €81,491 to €73,645
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 | €153,508 | €272,154 | +€118,646 | +77.3% |
| Fixed assets | 21/28 | €23,127 | €11,916 | -€11,210 | -48.5% |
| Tangible fixed assets | 22/27 | €23,127 | €11,916 | -€11,210 | -48.5% |
| Furniture and vehicles | 24 | €23,127 | €11,916 | -€11,210 | -48.5% |
| Current assets | 29/58 | €130,382 | €260,238 | +€129,856 | +99.6% |
| Amounts receivable within one year | 40/41 | €126,817 | €49,309 | -€77,508 | -61.1% |
| Trade receivables | 40 | €126,817 | €48,379 | -€78,438 | -61.9% |
| Other amounts receivable | 41 | - | €930 | +€930 | |
| Cash at bank and in hand | 54/58 | €941 | €205,877 | +€204,936 | +21,784% |
| Deferred charges and accrued income | 490/1 | €2,624 | €5,052 | +€2,428 | +92.5% |
| Total equity and liabilities | 10/49 | €153,508 | €272,154 | +€118,646 | +77.3% |
| Equity | 10/15 | €28,408 | €28,671 | +€263 | +0.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,408 | €26,671 | +€263 | +1.0% |
| Amounts payable | 17/49 | €125,100 | €243,483 | +€118,383 | +94.6% |
| Amounts payable within one year | 42/48 | €125,100 | €243,483 | +€118,383 | +94.6% |
| Trade debts | 44 | €13 | €4,394 | +€4,382 | +34,259% |
| Suppliers | 440/4 | €13 | €4,394 | +€4,382 | +34,259% |
| Taxes, remuneration and social security | 45 | €37,156 | €13,195 | -€23,962 | -64.5% |
| Taxes | 450/3 | €37,156 | €13,195 | -€23,962 | -64.5% |
| Other amounts payable | 47/48 | €87,932 | €225,894 | +€137,963 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,047 | €11,210 | +€2,164 | +23.9% |
| Other operating charges | 640/8 | €1,378 | €1,394 | +€16 | +1.2% |
| Gross operating margin | 9900 | €350,101 | €311,570 | -€38,531 | -11.0% |
| Operating profit (loss) | 9901 | €339,677 | €298,965 | -€40,711 | -12.0% |
| Financial charges | 65/66B | €55 | €57 | +€2 | +4.5% |
| Recurring financial charges | 65 | €55 | €57 | +€2 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €339,622 | €298,908 | -€40,714 | -12.0% |
| Income taxes | 67/77 | €81,491 | €73,645 | -€7,846 | -9.6% |
| Profit (loss) for the period | 9904 | €258,131 | €225,263 | -€32,867 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €258,131 | €225,263 | -€32,867 | -12.7% |
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 13 October 2026 via checked.be.