TFCOM Beheer: 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.
TFCOM Beheer
Largest movements
- Cash +€55,121
up €55,121 (+36.4%), from €151,292 to €206,414
mainly Net result for the year (+€60,912) and Depreciation (+€21,504)
- Tangible fixed assets -€19,427
down €19,427 (-19.5%), from €99,559 to €80,132
of which Furniture and vehicles: -€14,382
- Reserves +€60,912
up €60,912 (+35.1%), from €173,473 to €234,385
of which Distributable reserves: +€60,912
- Debts after one year -€12,945
down €12,945 (-59.1%), from €21,895 to €8,949
- Other debts -€6,211
down €6,211 (-100.0%), from €6,211 to €0
- Trade debts -€5,334
down €5,334 (-73.6%), from €7,250 to €1,915
- Depreciation +€7,295
up €7,295 (+51.3%), from €14,209 to €21,504
- Gross operating margin -€3,493
down €3,493 (-3.0%), from €114,995 to €111,502
- Taxes -€1,734
down €1,734 (-6.1%), from €28,390 to €26,655
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 | €280,311 | €318,999 | +€38,688 | +13.8% |
| Fixed assets | 21/28 | €99,559 | €80,132 | -€19,427 | -19.5% |
| Tangible fixed assets | 22/27 | €99,559 | €80,132 | -€19,427 | -19.5% |
| Furniture and vehicles | 24 | €63,703 | €49,321 | -€14,382 | -22.6% |
| Other tangible fixed assets | 26 | €35,856 | €30,811 | -€5,045 | -14.1% |
| Current assets | 29/58 | €180,752 | €238,867 | +€58,115 | +32.2% |
| Amounts receivable within one year | 40/41 | €27,980 | €30,814 | +€2,833 | +10.1% |
| Trade receivables | 40 | €27,980 | €25,875 | -€2,105 | -7.5% |
| Other amounts receivable | 41 | - | €4,939 | +€4,939 | |
| Cash at bank and in hand | 54/58 | €151,292 | €206,414 | +€55,121 | +36.4% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,639 | +€160 | +10.8% |
| Total equity and liabilities | 10/49 | €280,311 | €318,999 | +€38,688 | +13.8% |
| Equity | 10/15 | €208,720 | €269,631 | +€60,912 | +29.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €173,473 | €234,385 | +€60,912 | +35.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €173,473 | €234,385 | +€60,912 | +35.1% |
| Profit (loss) carried forward | 14 | €22,846 | €22,846 | = | 0.0% |
| Amounts payable | 17/49 | €71,591 | €49,367 | -€22,224 | -31.0% |
| Amounts payable after more than one year | 17 | €21,895 | €8,949 | -€12,945 | -59.1% |
| Financial debts | 170/4 | €21,895 | €8,949 | -€12,945 | -59.1% |
| Amounts payable within one year | 42/48 | €46,196 | €36,918 | -€9,278 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €12,393 | €12,945 | +€553 | +4.5% |
| Trade debts | 44 | €7,250 | €1,915 | -€5,334 | -73.6% |
| Suppliers | 440/4 | €7,250 | €1,915 | -€5,334 | -73.6% |
| Taxes, remuneration and social security | 45 | €20,342 | €22,057 | +€1,715 | +8.4% |
| Taxes | 450/3 | €20,342 | €22,057 | +€1,715 | +8.4% |
| Other amounts payable | 47/48 | €6,211 | €0 | -€6,211 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Non-recurring operating income | 76A | €8,036 | €0 | -€8,036 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,209 | €21,504 | +€7,295 | +51.3% |
| Other operating charges | 640/8 | €1,635 | €1,595 | -€40 | -2.5% |
| Gross operating margin | 9900 | €114,995 | €111,502 | -€3,493 | -3.0% |
| Operating profit (loss) | 9901 | €99,151 | €88,403 | -€10,748 | -10.8% |
| Financial income | 75/76B | €128 | €549 | +€421 | +329.7% |
| Recurring financial income | 75 | €128 | €549 | +€421 | +329.7% |
| Financial charges | 65/66B | €713 | €1,386 | +€673 | +94.3% |
| Recurring financial charges | 65 | €713 | €1,386 | +€673 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €98,566 | €87,567 | -€10,999 | -11.2% |
| Income taxes | 67/77 | €28,390 | €26,655 | -€1,734 | -6.1% |
| Profit (loss) for the period | 9904 | €70,176 | €60,912 | -€9,265 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,176 | €60,912 | -€9,265 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.