TFM Engineering and 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 Engineering and Consulting
Largest movements
- Cash +€135,914
up €135,914 (+65.5%), from €207,550 to €343,464
mainly Net result for the year (+€90,210) and Receivables within one year (+€84,439)
- Receivables within one year -€84,439
down €84,439 (-84.6%), from €99,861 to €15,422
of which Other amounts receivable: -€64,593
- Reserves +€90,210
up €90,210 (+52.1%), from €173,286 to €263,496
- Tax, wage and social debts -€43,214
down €43,214 (-63.5%), from €68,007 to €24,793
- Other debts +€5,050
up €5,050 (+7.7%), from €65,201 to €70,251
- Gross operating margin -€110,054
down €110,054 (-48.7%), from €225,967 to €115,912
- Taxes -€27,612
down €27,612 (-53.2%), from €51,865 to €24,253
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 | €310,843 | €361,185 | +€50,342 | +16.2% |
| Fixed assets | 21/28 | €2,749 | €1,616 | -€1,132 | -41.2% |
| Tangible fixed assets | 22/27 | €2,749 | €1,616 | -€1,132 | -41.2% |
| Furniture and vehicles | 24 | €2,749 | €1,616 | -€1,132 | -41.2% |
| Current assets | 29/58 | €308,095 | €359,569 | +€51,474 | +16.7% |
| Amounts receivable within one year | 40/41 | €99,861 | €15,422 | -€84,439 | -84.6% |
| Trade receivables | 40 | €35,031 | €15,184 | -€19,847 | -56.7% |
| Other amounts receivable | 41 | €64,831 | €238 | -€64,593 | -99.6% |
| Cash at bank and in hand | 54/58 | €207,550 | €343,464 | +€135,914 | +65.5% |
| Deferred charges and accrued income | 490/1 | €683 | €683 | = | 0.0% |
| Total equity and liabilities | 10/49 | €310,843 | €361,185 | +€50,342 | +16.2% |
| Equity | 10/15 | €175,286 | €265,496 | +€90,210 | +51.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €173,286 | €263,496 | +€90,210 | +52.1% |
| Distributable reserves | 133 | €173,286 | €263,496 | +€90,210 | +52.1% |
| Amounts payable | 17/49 | €135,558 | €95,689 | -€39,868 | -29.4% |
| Amounts payable within one year | 42/48 | €135,558 | €95,689 | -€39,868 | -29.4% |
| Trade debts | 44 | €2,350 | €645 | -€1,705 | -72.5% |
| Suppliers | 440/4 | €2,350 | €645 | -€1,705 | -72.5% |
| Taxes, remuneration and social security | 45 | €68,007 | €24,793 | -€43,214 | -63.5% |
| Taxes | 450/3 | €68,007 | €24,793 | -€43,214 | -63.5% |
| Other amounts payable | 47/48 | €65,201 | €70,251 | +€5,050 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €1,132 | +€484 | +74.6% |
| Other operating charges | 640/8 | €100 | €244 | +€144 | +144% |
| Gross operating margin | 9900 | €225,967 | €115,912 | -€110,054 | -48.7% |
| Operating profit (loss) | 9901 | €225,218 | €114,536 | -€110,682 | -49.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.2% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €225,151 | €114,464 | -€110,687 | -49.2% |
| Income taxes | 67/77 | €51,865 | €24,253 | -€27,612 | -53.2% |
| Profit (loss) for the period | 9904 | €173,286 | €90,210 | -€83,076 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €173,286 | €90,210 | -€83,076 | -47.9% |
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 29 October 2026 via checked.be.