TFA GROUP: 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.
TFA GROUP
Largest movements
- Financial fixed assets +€9,000
new in 2024: €9,000
- Tangible fixed assets +€6,292
up €6,292 (+328.1%), from €1,918 to €8,210
of which Furniture and vehicles: +€6,292
- Cash +€5,330
up €5,330 (+504.1%), from €1,057 to €6,387
mainly Net result for the year (+€20,057) and Tax, wage and social debts (+€5,975)
- Profit (loss) carried forward +€20,057
up €20,057 (+861.6%), from €2,328 to €22,385
- Tax, wage and social debts +€5,975
up €5,975 (+44.5%), from €13,411 to €19,386
of which Taxes: +€5,112
- Trade debts -€5,621
down €5,621 (-82.1%), from €6,849 to €1,228
- Other debts +€3,000
new in 2024: €3,000
- Current portion of long-term debt -€2,875
down €2,875 (-47.2%), from €6,091 to €3,216
- Turnover +€62,103
up €62,103 (+51.0%), from €121,792 to €183,894
- Gross operating margin +€57,757
up €57,757 (+215.9%), from €26,753 to €84,510
- Staff costs +€23,181
up €23,181 (+84.5%), from €27,446 to €50,628
- Purchases and services +€4,346
up €4,346 (+4.6%), from €95,039 to €99,384
- Depreciation -€2,712
down €2,712 (-43.6%), from €6,219 to €3,508
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,679 | €54,215 | +€20,536 | +61.0% |
| Fixed assets | 21/28 | €1,918 | €17,210 | +€15,292 | +797.4% |
| Tangible fixed assets | 22/27 | €1,918 | €8,210 | +€6,292 | +328.1% |
| Furniture and vehicles | 24 | - | €6,292 | +€6,292 | |
| Leasing and similar rights | 25 | €1,918 | €1,918 | = | 0.0% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €31,761 | €37,005 | +€5,244 | +16.5% |
| Amounts receivable within one year | 40/41 | €30,704 | €30,617 | -€86 | -0.3% |
| Trade receivables | 40 | €9,689 | - | -€9,689 | |
| Other amounts receivable | 41 | €21,015 | €30,617 | +€9,603 | +45.7% |
| Cash at bank and in hand | 54/58 | €1,057 | €6,387 | +€5,330 | +504.1% |
| Total equity and liabilities | 10/49 | €33,679 | €54,215 | +€20,536 | +61.0% |
| Equity | 10/15 | €7,328 | €27,385 | +€20,057 | +273.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,328 | €22,385 | +€20,057 | +861.6% |
| Amounts payable | 17/49 | €26,351 | €26,830 | +€479 | +1.8% |
| Amounts payable within one year | 42/48 | €26,351 | €26,830 | +€479 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €6,091 | €3,216 | -€2,875 | -47.2% |
| Trade debts | 44 | €6,849 | €1,228 | -€5,621 | -82.1% |
| Suppliers | 440/4 | €6,849 | €1,228 | -€5,621 | -82.1% |
| Taxes, remuneration and social security | 45 | €13,411 | €19,386 | +€5,975 | +44.5% |
| Taxes | 450/3 | €9,826 | €14,938 | +€5,112 | +52.0% |
| Remuneration and social security | 454/9 | €3,585 | €4,448 | +€862 | +24.1% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Turnover | 70 | €121,792 | €183,894 | +€62,103 | +51.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,039 | €99,384 | +€4,346 | +4.6% |
| Remuneration, social security and pensions | 62 | €27,446 | €50,628 | +€23,181 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,219 | €3,508 | -€2,712 | -43.6% |
| Other operating charges | 640/8 | €382 | €2,129 | +€1,747 | +457.5% |
| Gross operating margin | 9900 | €26,753 | €84,510 | +€57,757 | +215.9% |
| Operating profit (loss) | 9901 | -€7,295 | €28,245 | +€35,540 | |
| Financial income | 75/76B | €2,605 | - | -€2,605 | |
| Recurring financial income | 75 | €2,605 | - | -€2,605 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,973 | €3,882 | -€91 | -2.3% |
| Recurring financial charges | 65 | €2,812 | €3,461 | +€649 | +23.1% |
| Non-recurring financial charges | 66B | €1,161 | €422 | -€739 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,663 | €24,363 | +€33,026 | |
| Income taxes | 67/77 | €3,290 | €4,306 | +€1,016 | +30.9% |
| Profit (loss) for the period | 9904 | -€11,953 | €20,057 | +€32,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,953 | €20,057 | +€32,010 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.