TFC INTERNATIONAL: 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.
TFC INTERNATIONAL
Largest movements
- Receivables within one year -€506,687
down €506,687 (-16.3%), from €3.1m to €2.6m
of which Trade receivables: -€494,674
- Cash -€138,876
down €138,876 (-42.3%), from €328,250 to €189,374
mainly Trade debts (-€761,094) and Advances received (-€10,500)
- Tangible fixed assets -€41,794
down €41,794 (-46.0%), from €90,800 to €49,006
- Trade debts -€761,094
down €761,094 (-22.0%), from €3.5m to €2.7m
- Profit (loss) carried forward +€51,897
up €51,897 (+48.4%), from €107,182 to €159,079
- Gross operating margin +€74,507
up €74,507 (+55.1%), from €135,174 to €209,681
- Financial charges -€28,496
down €28,496 (-78.0%), from €36,532 to €8,036
- Taxes -€14,707
down €14,707 (-98.4%), from €14,945 to €238
- Staff costs +€10,294
up €10,294 (+11.0%), from €93,681 to €103,976
- Financial income -€4,578
no longer reported in 2025 (was €4,578)
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 | €3,658,223 | €2,957,588 | -€700,634 | -19.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €90,800 | €49,006 | -€41,794 | -46.0% |
| Tangible fixed assets | 22/27 | €90,800 | €49,006 | -€41,794 | -46.0% |
| Land and buildings | 22 | €30,659 | €20,323 | -€10,336 | -33.7% |
| Plant, machinery and equipment | 23 | €26,837 | €14,346 | -€12,492 | -46.5% |
| Furniture and vehicles | 24 | €33,304 | €14,337 | -€18,967 | -57.0% |
| Current assets | 29/58 | €3,567,423 | €2,908,583 | -€658,840 | -18.5% |
| Stocks and contracts in progress | 3 | €136,214 | €122,936 | -€13,278 | -9.7% |
| Stocks | 30/36 | €136,214 | €122,936 | -€13,278 | -9.7% |
| Amounts receivable within one year | 40/41 | €3,102,959 | €2,596,272 | -€506,687 | -16.3% |
| Trade receivables | 40 | €3,084,227 | €2,589,553 | -€494,674 | -16.0% |
| Other amounts receivable | 41 | €18,731 | €6,719 | -€12,012 | -64.1% |
| Cash at bank and in hand | 54/58 | €328,250 | €189,374 | -€138,876 | -42.3% |
| Total equity and liabilities | 10/49 | €3,658,223 | €2,957,588 | -€700,634 | -19.2% |
| Equity | 10/15 | €161,828 | €213,726 | +€51,897 | +32.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €34,646 | €34,646 | = | 0.0% |
| Distributable reserves | 133 | €34,646 | €34,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,182 | €159,079 | +€51,897 | +48.4% |
| Amounts payable | 17/49 | €3,496,394 | €2,743,863 | -€752,531 | -21.5% |
| Amounts payable within one year | 42/48 | €3,496,394 | €2,719,288 | -€777,107 | -22.2% |
| Trade debts | 44 | €3,460,712 | €2,699,618 | -€761,094 | -22.0% |
| Suppliers | 440/4 | €3,460,712 | €2,699,618 | -€761,094 | -22.0% |
| Advances received on contracts in progress | 46 | €10,500 | - | -€10,500 | |
| Taxes, remuneration and social security | 45 | €21,567 | €19,669 | -€1,897 | -8.8% |
| Remuneration and social security | 454/9 | €21,567 | €19,669 | -€1,897 | -8.8% |
| Other amounts payable | 47/48 | €3,616 | - | -€3,616 | |
| Accrued charges and deferred income | 492/3 | - | €24,575 | +€24,575 | |
| Remuneration, social security and pensions | 62 | €93,681 | €103,976 | +€10,294 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,747 | €44,422 | -€324 | -0.7% |
| Other operating charges | 640/8 | €3,946 | €1,112 | -€2,835 | -71.8% |
| Gross operating margin | 9900 | €135,174 | €209,681 | +€74,507 | +55.1% |
| Operating profit (loss) | 9901 | -€7,201 | €60,171 | +€67,371 | |
| Financial income | 75/76B | €4,578 | - | -€4,578 | |
| Recurring financial income | 75 | €4,578 | - | -€4,578 | |
| Financial charges | 65/66B | €36,532 | €8,036 | -€28,496 | -78.0% |
| Recurring financial charges | 65 | €36,532 | €8,036 | -€28,496 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,155 | €52,135 | +€91,290 | |
| Income taxes | 67/77 | €14,945 | €238 | -€14,707 | -98.4% |
| Profit (loss) for the period | 9904 | -€54,100 | €51,897 | +€105,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,100 | €51,897 | +€105,997 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.