TFX: 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.
TFX
Largest movements
- Tangible fixed assets +€48,487
new in 2025: €48,487
- Receivables within one year +€8,833
up €8,833 (+100.0%), from €8,833 to €17,667
- Cash +€5,230
up €5,230 (+27.9%), from €18,728 to €23,958
mainly Trade debts (+€49,473) and Net result for the year (+€8,934)
- Trade debts +€49,473
up €49,473 (+1508.5%), from €3,280 to €52,752
- Profit (loss) carried forward +€8,934
up €8,934 (+80.4%), from €11,105 to €20,039
- Tax, wage and social debts +€2,589
up €2,589 (+93.3%), from €2,776 to €5,366
- Other debts +€1,954
new in 2025: €1,954
- Depreciation +€5,860
new in 2025: €5,860
- Gross operating margin +€5,249
up €5,249 (+37.4%), from €14,037 to €19,286
- Taxes +€1,289
up €1,289 (+46.4%), from €2,776 to €4,066
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 | €27,561 | €90,111 | +€62,550 | +227.0% |
| Fixed assets | 21/28 | - | €48,487 | +€48,487 | |
| Tangible fixed assets | 22/27 | - | €48,487 | +€48,487 | |
| Furniture and vehicles | 24 | - | €48,487 | +€48,487 | |
| Current assets | 29/58 | €27,561 | €41,624 | +€14,063 | +51.0% |
| Amounts receivable within one year | 40/41 | €8,833 | €17,667 | +€8,833 | +100.0% |
| Trade receivables | 40 | €8,833 | €17,667 | +€8,833 | +100.0% |
| Cash at bank and in hand | 54/58 | €18,728 | €23,958 | +€5,230 | +27.9% |
| Total equity and liabilities | 10/49 | €27,561 | €90,111 | +€62,550 | +227.0% |
| Equity | 10/15 | €21,105 | €30,039 | +€8,934 | +42.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,105 | €20,039 | +€8,934 | +80.4% |
| Amounts payable | 17/49 | €6,456 | €60,072 | +€53,616 | +830.5% |
| Amounts payable within one year | 42/48 | €6,056 | €60,072 | +€54,016 | +891.9% |
| Trade debts | 44 | €3,280 | €52,752 | +€49,473 | +1508.5% |
| Suppliers | 440/4 | €3,280 | €52,752 | +€49,473 | +1508.5% |
| Taxes, remuneration and social security | 45 | €2,776 | €5,366 | +€2,589 | +93.3% |
| Taxes | 450/3 | €2,776 | €5,366 | +€2,589 | +93.3% |
| Other amounts payable | 47/48 | - | €1,954 | +€1,954 | |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,860 | +€5,860 | |
| Other operating charges | 640/8 | €156 | €251 | +€96 | +61.7% |
| Gross operating margin | 9900 | €14,037 | €19,286 | +€5,249 | +37.4% |
| Operating profit (loss) | 9901 | €13,881 | €13,175 | -€707 | -5.1% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | - | €182 | +€182 | |
| Recurring financial charges | 65 | - | €182 | +€182 | |
| Profit (loss) for the period before taxes | 9903 | €13,881 | €13,000 | -€882 | -6.4% |
| Income taxes | 67/77 | €2,776 | €4,066 | +€1,289 | +46.4% |
| Profit (loss) for the period | 9904 | €11,105 | €8,934 | -€2,171 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,105 | €8,934 | -€2,171 | -19.6% |
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 12 October 2026 via checked.be.