TFM Consulting: 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 Consulting
Largest movements
- Cash +€52,540
up €52,540 (+22.6%), from €232,395 to €284,935
mainly Other debts (+€214,252) and Net result for the year (+€72,289)
- Other debts +€214,252
up €214,252 (+1,894%), from €11,310 to €225,562
- Profit (loss) carried forward -€175,711
down €175,711 (-99.1%), from €177,389 to €1,678
- Tax, wage and social debts +€14,040
up €14,040 (+26.8%), from €52,407 to €66,447
- Gross operating margin -€4,120
down €4,120 (-4.0%), from €102,426 to €98,306
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 | €243,106 | €295,732 | +€52,626 | +21.6% |
| Fixed assets | 21/28 | €3,148 | €1,886 | -€1,263 | -40.1% |
| Tangible fixed assets | 22/27 | €3,148 | €1,886 | -€1,263 | -40.1% |
| Plant, machinery and equipment | 23 | €3,148 | €1,886 | -€1,263 | -40.1% |
| Current assets | 29/58 | €239,957 | €293,846 | +€53,889 | +22.5% |
| Amounts receivable within one year | 40/41 | €7,563 | €8,912 | +€1,349 | +17.8% |
| Trade receivables | 40 | €7,563 | €7,563 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,349 | +€1,349 | |
| Cash at bank and in hand | 54/58 | €232,395 | €284,935 | +€52,540 | +22.6% |
| Total equity and liabilities | 10/49 | €243,106 | €295,732 | +€52,626 | +21.6% |
| Equity | 10/15 | €179,389 | €3,678 | -€175,711 | -97.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,389 | €1,678 | -€175,711 | -99.1% |
| Amounts payable | 17/49 | €63,717 | €292,054 | +€228,337 | +358% |
| Amounts payable within one year | 42/48 | €63,717 | €292,054 | +€228,337 | +358% |
| Trade debts | 44 | - | €45 | +€45 | |
| Suppliers | 440/4 | - | €45 | +€45 | |
| Taxes, remuneration and social security | 45 | €52,407 | €66,447 | +€14,040 | +26.8% |
| Taxes | 450/3 | €52,407 | €66,447 | +€14,040 | +26.8% |
| Other amounts payable | 47/48 | €11,310 | €225,562 | +€214,252 | +1,894% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,263 | €1,263 | = | 0.0% |
| Other operating charges | 640/8 | €408 | €437 | +€29 | +7.1% |
| Gross operating margin | 9900 | €102,426 | €98,306 | -€4,120 | -4.0% |
| Operating profit (loss) | 9901 | €100,755 | €96,606 | -€4,149 | -4.1% |
| Financial charges | 65/66B | €153 | €165 | +€12 | +7.5% |
| Recurring financial charges | 65 | €153 | €165 | +€12 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €100,602 | €96,441 | -€4,161 | -4.1% |
| Income taxes | 67/77 | €24,561 | €24,152 | -€409 | -1.7% |
| Profit (loss) for the period | 9904 | €76,041 | €72,289 | -€3,752 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,041 | €72,289 | -€3,752 | -4.9% |
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 13 October 2026 via checked.be.