TFU: 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.
TFU
Largest movements
- Receivables within one year -€22,231
down €22,231 (-36.3%), from €61,240 to €39,009
of which Other amounts receivable: -€11,488
- Cash +€20,462
up €20,462 (+129%), from €15,895 to €36,358
mainly Receivables within one year (+€22,231) and Tax, wage and social debts (+€18,267)
- Profit (loss) carried forward -€24,190
down €24,190 (-71.0%), from €34,090 to €9,900
- Tax, wage and social debts +€18,267
up €18,267 (+179%), from €10,206 to €28,473
of which Taxes: +€9,267
- Trade debts +€4,074
up €4,074 (+31.9%), from €12,752 to €16,825
- Gross operating margin -€67,049
down €67,049, from €44,963 to -€22,086
- Taxes -€1,602
down €1,602 (-48.6%), from €3,300 to €1,698
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 | €77,594 | €75,725 | -€1,869 | -2.4% |
| Fixed assets | 21/28 | €459 | €358 | -€100 | -21.8% |
| Tangible fixed assets | 22/27 | €459 | €358 | -€100 | -21.8% |
| Furniture and vehicles | 24 | €459 | €358 | -€100 | -21.8% |
| Current assets | 29/58 | €77,135 | €75,367 | -€1,768 | -2.3% |
| Amounts receivable within one year | 40/41 | €61,240 | €39,009 | -€22,231 | -36.3% |
| Trade receivables | 40 | €48,720 | €37,977 | -€10,743 | -22.1% |
| Other amounts receivable | 41 | €12,520 | €1,032 | -€11,488 | -91.8% |
| Cash at bank and in hand | 54/58 | €15,895 | €36,358 | +€20,462 | +129% |
| Total equity and liabilities | 10/49 | €77,594 | €75,725 | -€1,869 | -2.4% |
| Equity | 10/15 | €54,550 | €30,360 | -€24,190 | -44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,090 | €9,900 | -€24,190 | -71.0% |
| Amounts payable | 17/49 | €23,044 | €45,365 | +€22,322 | +96.9% |
| Amounts payable within one year | 42/48 | €22,958 | €45,298 | +€22,340 | +97.3% |
| Trade debts | 44 | €12,752 | €16,825 | +€4,074 | +31.9% |
| Suppliers | 440/4 | €12,752 | €16,825 | +€4,074 | +31.9% |
| Taxes, remuneration and social security | 45 | €10,206 | €28,473 | +€18,267 | +179% |
| Taxes | 450/3 | €10,206 | €19,473 | +€9,267 | +90.8% |
| Remuneration and social security | 454/9 | - | €9,000 | +€9,000 | |
| Accrued charges and deferred income | 492/3 | €86 | €67 | -€19 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €100 | +€58 | +138% |
| Other operating charges | 640/8 | €387 | €522 | +€135 | +34.9% |
| Gross operating margin | 9900 | €44,963 | -€22,086 | -€67,049 | |
| Operating profit (loss) | 9901 | €44,533 | -€22,709 | -€67,242 | |
| Financial income | 75/76B | €587 | €376 | -€212 | -36.1% |
| Recurring financial income | 75 | €587 | €376 | -€212 | -36.1% |
| Financial charges | 65/66B | €135 | €159 | +€24 | +18.1% |
| Recurring financial charges | 65 | €135 | €159 | +€24 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €44,986 | -€22,492 | -€67,478 | |
| Income taxes | 67/77 | €3,300 | €1,698 | -€1,602 | -48.6% |
| Profit (loss) for the period | 9904 | €41,686 | -€24,190 | -€65,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,686 | -€24,190 | -€65,876 |
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 18 October 2026 via checked.be.