TFF: 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.
TFF
Largest movements
- Cash +€78,911
up €78,911 (+425.1%), from €18,564 to €97,475
mainly Other debts (+€153,239) and Tax, wage and social debts (+€515)
- Current investments +€61,535
up €61,535 (+30.8%), from €200,000 to €261,535
- Other debts +€153,239
up €153,239 (+882.2%), from €17,370 to €170,609
- Reserves -€14,143
down €14,143 (-9.3%), from €151,995 to €137,852
of which Distributable reserves: -€14,143
- Gross operating margin +€9,089
up €9,089 (+47.9%), from -€18,962 to -€9,872
- Financial charges +€2,154
up €2,154 (+159.8%), from €1,348 to €3,502
- Financial income +€1,521
up €1,521 (+1363.8%), from €112 to €1,632
- Taxes +€481
up €481 (+207.2%), from €232 to €714
- Other operating charges +€205
up €205 (+13.9%), from €1,482 to €1,687
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 | €219,564 | €359,556 | +€139,992 | +63.8% |
| Current assets | 29/58 | €219,564 | €359,556 | +€139,992 | +63.8% |
| Current investments | 50/53 | €200,000 | €261,535 | +€61,535 | +30.8% |
| Cash at bank and in hand | 54/58 | €18,564 | €97,475 | +€78,911 | +425.1% |
| Deferred charges and accrued income | 490/1 | €1,000 | €546 | -€454 | -45.4% |
| Total equity and liabilities | 10/49 | €219,564 | €359,556 | +€139,992 | +63.8% |
| Equity | 10/15 | €201,995 | €187,852 | -€14,143 | -7.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €151,995 | €137,852 | -€14,143 | -9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €151,995 | €137,852 | -€14,143 | -9.3% |
| Amounts payable | 17/49 | €17,569 | €171,704 | +€154,135 | +877.3% |
| Amounts payable within one year | 42/48 | €17,569 | €171,704 | +€154,135 | +877.3% |
| Trade debts | 44 | €0 | €381 | +€381 | |
| Suppliers | 440/4 | €0 | €381 | +€381 | |
| Taxes, remuneration and social security | 45 | €199 | €714 | +€515 | +258.9% |
| Taxes | 450/3 | €199 | €714 | +€515 | +258.9% |
| Other amounts payable | 47/48 | €17,370 | €170,609 | +€153,239 | +882.2% |
| Other operating charges | 640/8 | €1,482 | €1,687 | +€205 | +13.9% |
| Gross operating margin | 9900 | -€18,962 | -€9,872 | +€9,089 | +47.9% |
| Operating profit (loss) | 9901 | -€20,443 | -€11,560 | +€8,884 | +43.5% |
| Financial income | 75/76B | €112 | €1,632 | +€1,521 | +1363.8% |
| Recurring financial income | 75 | €112 | €1,632 | +€1,521 | +1363.8% |
| Financial charges | 65/66B | €1,348 | €3,502 | +€2,154 | +159.8% |
| Recurring financial charges | 65 | €1,348 | €3,502 | +€2,154 | +159.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,680 | -€13,430 | +€8,250 | +38.1% |
| Income taxes | 67/77 | €232 | €714 | +€481 | +207.2% |
| Profit (loss) for the period | 9904 | -€21,912 | -€14,143 | +€7,769 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,912 | -€14,143 | +€7,769 | +35.5% |
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 29 September 2026 via checked.be.