TF Tech: 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 Tech
Largest movements
- Receivables within one year +€133,017
up €133,017 (+220.6%), from €60,311 to €193,328
of which Trade receivables: +€138,944
- Cash +€7,313
up €7,313 (+3923.1%), from €186 to €7,499
mainly Short-term financial debts (+€621,939) and Trade debts (+€259,036)
- Profit (loss) carried forward -€741,619
down €741,619 (-2.9%), from -€25.5m to -€26.2m
- Short-term financial debts +€621,939
up €621,939 (+17.1%), from €3.6m to €4.3m
- Trade debts +€259,036
up €259,036 (+8.0%), from €3.2m to €3.5m
- Gross operating margin +€1.5m
up €1.5m (+82.9%), from -€1.8m to -€304,251
- Staff costs -€67,539
down €67,539 (-16.7%), from €404,163 to €336,624
- Financial charges +€63,049
up €63,049 (+192.4%), from €32,775 to €95,824
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 | €86,698 | €226,828 | +€140,130 | +161.6% |
| Fixed assets | 21/28 | €1,600 | €1,400 | -€200 | -12.5% |
| Financial fixed assets | 28 | €1,600 | €1,400 | -€200 | -12.5% |
| Current assets | 29/58 | €85,098 | €225,428 | +€140,330 | +164.9% |
| Stocks and contracts in progress | 3 | €24,600 | €24,600 | = | 0.0% |
| Stocks | 30/36 | €24,600 | €24,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,311 | €193,328 | +€133,017 | +220.6% |
| Trade receivables | 40 | €36,825 | €175,770 | +€138,944 | +377.3% |
| Other amounts receivable | 41 | €23,486 | €17,559 | -€5,927 | -25.2% |
| Cash at bank and in hand | 54/58 | €186 | €7,499 | +€7,313 | +3923.1% |
| Total equity and liabilities | 10/49 | €86,698 | €226,828 | +€140,130 | +161.6% |
| Equity | 10/15 | -€6,806,455 | -€7,548,074 | -€741,619 | -10.9% |
| Contributions | 10/11 | €18,686,449 | €18,686,449 | = | 0.0% |
| Capital | 10 | €126,904 | €126,904 | = | 0.0% |
| Issued capital | 100 | €126,904 | €126,904 | = | 0.0% |
| Outside capital | 11 | €18,559,545 | €18,559,545 | = | 0.0% |
| Share premium | 1100/10 | €18,559,545 | €18,559,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,492,903 | -€26,234,523 | -€741,619 | -2.9% |
| Amounts payable | 17/49 | €6,893,152 | €7,774,901 | +€881,749 | +12.8% |
| Amounts payable within one year | 42/48 | €6,893,152 | €7,774,901 | +€881,749 | +12.8% |
| Financial debts | 43 | €3,638,617 | €4,260,556 | +€621,939 | +17.1% |
| Other loans | 439 | €3,638,617 | €4,260,556 | +€621,939 | +17.1% |
| Trade debts | 44 | €3,222,064 | €3,481,100 | +€259,036 | +8.0% |
| Suppliers | 440/4 | €3,222,064 | €3,481,100 | +€259,036 | +8.0% |
| Taxes, remuneration and social security | 45 | €32,471 | €33,245 | +€774 | +2.4% |
| Taxes | 450/3 | €2,793 | €2,370 | -€423 | -15.2% |
| Remuneration and social security | 454/9 | €29,678 | €30,875 | +€1,197 | +4.0% |
| Remuneration, social security and pensions | 62 | €404,163 | €336,624 | -€67,539 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | - | -€826 | |
| Other operating charges | 640/8 | €1,268 | €773 | -€495 | -39.1% |
| Gross operating margin | 9900 | -€1,779,980 | -€304,251 | +€1.5m | +82.9% |
| Operating profit (loss) | 9901 | -€2,186,237 | -€641,647 | +€1.5m | +70.7% |
| Financial income | 75/76B | €10,935 | €0 | -€10,935 | -100.0% |
| Recurring financial income | 75 | €10,935 | €0 | -€10,935 | -100.0% |
| Financial charges | 65/66B | €32,775 | €95,824 | +€63,049 | +192.4% |
| Recurring financial charges | 65 | €32,775 | €95,824 | +€63,049 | +192.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,208,078 | -€737,472 | +€1.5m | +66.6% |
| Income taxes | 67/77 | €1,074 | €4,147 | +€3,073 | +286.0% |
| Profit (loss) for the period | 9904 | -€2,209,152 | -€741,619 | +€1.5m | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,209,152 | -€741,619 | +€1.5m | +66.4% |
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 7 October 2026 via checked.be.