TFM Beheer: 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.
TFM Beheer
Largest movements
- Tangible fixed assets +€5,251
up €5,251 (+16.2%), from €32,470 to €37,722
of which Land and buildings: +€5,251
- Receivables within one year -€4,162
down €4,162 (-2.7%), from €155,160 to €150,998
of which Trade receivables: -€4,162
- Deferred charges and accrued income +€2,422
new in 2025: €2,422
- Other debts +€4,361
up €4,361 (+2.3%), from €188,358 to €192,720
- Gross operating margin +€6,243
up €6,243 (+95.7%), from -€6,521 to -€278
- Other operating charges -€568
down €568 (-52.6%), from €1,080 to €512
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 | €187,770 | €191,177 | +€3,407 | +1.8% |
| Fixed assets | 21/28 | €32,470 | €37,722 | +€5,251 | +16.2% |
| Tangible fixed assets | 22/27 | €32,470 | €37,722 | +€5,251 | +16.2% |
| Land and buildings | 22 | €5,251 | €10,502 | +€5,251 | +100% |
| Other tangible fixed assets | 26 | €27,219 | €27,219 | = | 0.0% |
| Current assets | 29/58 | €155,299 | €153,455 | -€1,845 | -1.2% |
| Amounts receivable within one year | 40/41 | €155,160 | €150,998 | -€4,162 | -2.7% |
| Trade receivables | 40 | €4,331 | €169 | -€4,162 | -96.1% |
| Other amounts receivable | 41 | €150,829 | €150,829 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €139 | €35 | -€105 | -75.1% |
| Deferred charges and accrued income | 490/1 | - | €2,422 | +€2,422 | |
| Total equity and liabilities | 10/49 | €187,770 | €191,177 | +€3,407 | +1.8% |
| Equity | 10/15 | -€757 | -€1,593 | -€836 | -110% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,757 | -€91,593 | -€836 | -0.9% |
| Amounts payable | 17/49 | €188,527 | €192,770 | +€4,242 | +2.3% |
| Amounts payable within one year | 42/48 | €188,527 | €192,720 | +€4,192 | +2.2% |
| Trade debts | 44 | €169 | - | -€169 | |
| Suppliers | 440/4 | €169 | - | -€169 | |
| Other amounts payable | 47/48 | €188,358 | €192,720 | +€4,361 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Non-recurring operating income | 76A | €5,251 | €5,251 | = | 0.0% |
| Other operating charges | 640/8 | €1,080 | €512 | -€568 | -52.6% |
| Gross operating margin | 9900 | -€6,521 | -€278 | +€6,243 | +95.7% |
| Operating profit (loss) | 9901 | -€7,600 | -€789 | +€6,811 | +89.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46 | €47 | +€0 | +0.4% |
| Recurring financial charges | 65 | €46 | €47 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,647 | -€836 | +€6,811 | +89.1% |
| Profit (loss) for the period | 9904 | -€7,647 | -€836 | +€6,811 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,647 | -€836 | +€6,811 | +89.1% |
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.