TFE ICT: 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.
TFE ICT
Largest movements
- Current investments +€340,000
new in 2025: €340,000
- Cash +€103,468
up €103,468 (+119%), from €87,269 to €190,737
mainly Net result for the year (+€466,009) and Depreciation (+€6,358)
- Receivables within one year +€11,566
up €11,566 (+8.9%), from €130,671 to €142,237
of which Trade receivables: +€12,515
- Reserves +€466,009
up €466,009 (+260%), from €179,566 to €645,575
- Trade debts -€17,118
down €17,118 (-68.1%), from €25,139 to €8,021
- Gross operating margin +€291,480
up €291,480 (+88.1%), from €330,876 to €622,356
- Taxes +€95,565
up €95,565 (+156%), from €61,294 to €156,858
- Staff costs -€84,979
down €84,979 (-100%), from €84,979 to €0
- Financial charges -€6,897
down €6,897 (-90.4%), from €7,633 to €737
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 | €227,157 | €675,833 | +€448,675 | +198% |
| Fixed assets | 21/28 | €9,217 | €2,859 | -€6,358 | -69.0% |
| Tangible fixed assets | 22/27 | €7,977 | €1,620 | -€6,358 | -79.7% |
| Furniture and vehicles | 24 | €7,977 | €1,620 | -€6,358 | -79.7% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €217,940 | €672,974 | +€455,033 | +209% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €130,671 | €142,237 | +€11,566 | +8.9% |
| Trade receivables | 40 | €98,600 | €111,115 | +€12,515 | +12.7% |
| Other amounts receivable | 41 | €32,071 | €31,122 | -€949 | -3.0% |
| Current investments | 50/53 | - | €340,000 | +€340,000 | |
| Cash at bank and in hand | 54/58 | €87,269 | €190,737 | +€103,468 | +119% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €227,157 | €675,833 | +€448,675 | +198% |
| Equity | 10/15 | €200,026 | €666,035 | +€466,009 | +233% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €179,566 | €645,575 | +€466,009 | +260% |
| Distributable reserves | 133 | €179,566 | €645,575 | +€466,009 | +260% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,131 | €9,798 | -€17,333 | -63.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,131 | €9,798 | -€17,333 | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €699 | €0 | -€699 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €25,139 | €8,021 | -€17,118 | -68.1% |
| Suppliers | 440/4 | €25,139 | €8,021 | -€17,118 | -68.1% |
| Taxes, remuneration and social security | 45 | €1,294 | €1,777 | +€483 | +37.4% |
| Taxes | 450/3 | €1,294 | €1,777 | +€483 | +37.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,562 | €0 | -€2,562 | -100% |
| Remuneration, social security and pensions | 62 | €84,979 | €0 | -€84,979 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,936 | €6,358 | -€4,578 | -41.9% |
| Other operating charges | 640/8 | €914 | €520 | -€394 | -43.1% |
| Gross operating margin | 9900 | €330,876 | €622,356 | +€291,480 | +88.1% |
| Operating profit (loss) | 9901 | €234,047 | €615,479 | +€381,432 | +163% |
| Financial income | 75/76B | €4,340 | €8,125 | +€3,785 | +87.2% |
| Recurring financial income | 75 | €4,340 | €8,125 | +€3,785 | +87.2% |
| Financial charges | 65/66B | €7,633 | €737 | -€6,897 | -90.4% |
| Recurring financial charges | 65 | €7,633 | €737 | -€6,897 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €230,754 | €622,867 | +€392,113 | +170% |
| Income taxes | 67/77 | €61,294 | €156,858 | +€95,565 | +156% |
| Profit (loss) for the period | 9904 | €169,460 | €466,009 | +€296,548 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €169,460 | €466,009 | +€296,548 | +175% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.