TF Services: 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.
TF Services
Largest movements
- Receivables within one year -€7,185
down €7,185 (-27.0%), from €26,563 to €19,378
of which Trade receivables: -€8,800
- Cash +€1,292
up €1,292 (+12.2%), from €10,576 to €11,868
mainly Receivables within one year (+€7,185) and Depreciation (+€6,126)
- Current investments -€1,006
down €1,006 (-95.4%), from €1,054 to €48
- Profit (loss) carried forward -€4,763
down €4,763 (-13.7%), from €34,775 to €30,011
- Trade debts -€1,447
down €1,447 (-88.7%), from €1,631 to €184
- Gross operating margin -€13,392
down €13,392 (-91.3%), from €14,674 to €1,282
- Depreciation +€1,557
up €1,557 (+34.1%), from €4,569 to €6,126
- Taxes -€1,451
no longer reported in 2025 (was €1,451)
- Other operating charges -€190
down €190 (-17.0%), from €1,121 to €931
- Financial charges -€149
down €149 (-74.3%), from €201 to €52
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 | €52,466 | €46,255 | -€6,210 | -11.8% |
| Fixed assets | 21/28 | €12,789 | €13,290 | +€502 | +3.9% |
| Tangible fixed assets | 22/27 | €12,789 | €13,290 | +€502 | +3.9% |
| Plant, machinery and equipment | 23 | €1,367 | €1,613 | +€247 | +18.0% |
| Furniture and vehicles | 24 | €11,422 | €11,677 | +€255 | +2.2% |
| Current assets | 29/58 | €39,677 | €32,965 | -€6,712 | -16.9% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,563 | €19,378 | -€7,185 | -27.0% |
| Trade receivables | 40 | €10,235 | €1,435 | -€8,800 | -86.0% |
| Other amounts receivable | 41 | €16,328 | €17,943 | +€1,615 | +9.9% |
| Current investments | 50/53 | €1,054 | €48 | -€1,006 | -95.4% |
| Cash at bank and in hand | 54/58 | €10,576 | €11,868 | +€1,292 | +12.2% |
| Deferred charges and accrued income | 490/1 | €484 | €671 | +€188 | +38.8% |
| Total equity and liabilities | 10/49 | €52,466 | €46,255 | -€6,210 | -11.8% |
| Equity | 10/15 | €50,835 | €46,071 | -€4,763 | -9.4% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,775 | €30,011 | -€4,763 | -13.7% |
| Amounts payable | 17/49 | €1,631 | €184 | -€1,447 | -88.7% |
| Amounts payable within one year | 42/48 | €1,631 | €184 | -€1,447 | -88.7% |
| Trade debts | 44 | €1,631 | €184 | -€1,447 | -88.7% |
| Suppliers | 440/4 | €1,631 | €184 | -€1,447 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,569 | €6,126 | +€1,557 | +34.1% |
| Other operating charges | 640/8 | €1,121 | €931 | -€190 | -17.0% |
| Gross operating margin | 9900 | €14,674 | €1,282 | -€13,392 | -91.3% |
| Operating profit (loss) | 9901 | €8,984 | -€5,774 | -€14,759 | |
| Financial income | 75/76B | €933 | €1,063 | +€130 | +13.9% |
| Recurring financial income | 75 | €933 | €1,063 | +€130 | +13.9% |
| Financial charges | 65/66B | €201 | €52 | -€149 | -74.3% |
| Recurring financial charges | 65 | €201 | €52 | -€149 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €9,716 | -€4,763 | -€14,480 | |
| Income taxes | 67/77 | €1,451 | - | -€1,451 | |
| Profit (loss) for the period | 9904 | €8,265 | -€4,763 | -€13,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,265 | -€4,763 | -€13,028 |
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 8 October 2026 via checked.be.