TMF ACCOUNTING SERVICES: 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.
TMF ACCOUNTING SERVICES
Largest movements
- Receivables within one year +€862,552
up €862,552 (+71.6%), from €1.2m to €2.1m
of which Trade receivables: +€791,666
- Cash -€539,693
down €539,693 (-85.8%), from €629,366 to €89,673
mainly Receivables within one year (-€862,552) and Trade debts (-€61,382)
- Profit (loss) carried forward +€386,514
up €386,514 (+50.2%), from €770,405 to €1.2m
- Trade debts -€61,382
down €61,382 (-7.9%), from €777,498 to €716,116
- Financial income -€198,716
down €198,716 (-96.0%), from €206,994 to €8,278
- Turnover +€155,681
up €155,681 (+4.2%), from €3.7m to €3.8m
- Services and other goods +€137,070
up €137,070 (+6.9%), from €2.0m to €2.1m
- Staff costs +€121,019
up €121,019 (+11.5%), from €1.1m to €1.2m
- Taxes -€85,413
down €85,413 (-36.5%), from €233,919 to €148,505
of which Taxes: -€86,673
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 | €1,871,251 | €2,193,056 | +€321,805 | +17.2% |
| Fixed assets | 21/28 | €309 | €0 | -€309 | -100% |
| Tangible fixed assets | 22/27 | €309 | €0 | -€309 | -100% |
| Furniture and vehicles | 24 | €309 | €0 | -€309 | -100% |
| Current assets | 29/58 | €1,870,942 | €2,193,056 | +€322,115 | +17.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,205,287 | €2,067,839 | +€862,552 | +71.6% |
| Trade receivables | 40 | €1,194,259 | €1,985,925 | +€791,666 | +66.3% |
| Other amounts receivable | 41 | €11,028 | €81,914 | +€70,886 | +643% |
| Cash at bank and in hand | 54/58 | €629,366 | €89,673 | -€539,693 | -85.8% |
| Deferred charges and accrued income | 490/1 | €36,289 | €35,545 | -€744 | -2.1% |
| Total equity and liabilities | 10/49 | €1,871,251 | €2,193,056 | +€321,805 | +17.2% |
| Equity | 10/15 | €838,055 | €1,224,569 | +€386,514 | +46.1% |
| Contributions | 10/11 | €67,650 | €67,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €770,405 | €1,156,919 | +€386,514 | +50.2% |
| Amounts payable | 17/49 | €1,033,196 | €968,488 | -€64,709 | -6.3% |
| Amounts payable after more than one year | 17 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,031,896 | €967,188 | -€64,709 | -6.3% |
| Trade debts | 44 | €777,498 | €716,116 | -€61,382 | -7.9% |
| Suppliers | 440/4 | €777,498 | €716,116 | -€61,382 | -7.9% |
| Taxes, remuneration and social security | 45 | €254,381 | €251,072 | -€3,309 | -1.3% |
| Taxes | 450/3 | €161,394 | €117,524 | -€43,870 | -27.2% |
| Remuneration and social security | 454/9 | €92,986 | €133,547 | +€40,561 | +43.6% |
| Other amounts payable | 47/48 | €18 | €0 | -€18 | -100% |
| Operating income | 70/76A | €3,783,286 | €3,859,750 | +€76,464 | +2.0% |
| Turnover | 70 | €3,682,558 | €3,838,239 | +€155,681 | +4.2% |
| Other operating income | 74 | €100,727 | €21,511 | -€79,216 | -78.6% |
| Operating charges | 60/66A | €3,118,889 | €3,325,101 | +€206,212 | +6.6% |
| Services and other goods | 61 | €1,983,228 | €2,120,299 | +€137,070 | +6.9% |
| Remuneration, social security and pensions | 62 | €1,051,903 | €1,172,921 | +€121,019 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,223 | €309 | -€2,914 | -90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,593 | €12,018 | -€50,575 | -80.8% |
| Other operating charges | 640/8 | €17,941 | €19,554 | +€1,612 | +9.0% |
| Operating profit (loss) | 9901 | €664,397 | €534,649 | -€129,748 | -19.5% |
| Financial income | 75/76B | €206,994 | €8,278 | -€198,716 | -96.0% |
| Recurring financial income | 75 | €206,994 | €8,278 | -€198,716 | -96.0% |
| Income from current assets | 751 | €204,315 | €6,655 | -€197,660 | -96.7% |
| Other financial income | 752/9 | €2,679 | €1,623 | -€1,056 | -39.4% |
| Financial charges | 65/66B | €8,553 | €7,907 | -€645 | -7.5% |
| Recurring financial charges | 65 | €8,553 | €7,907 | -€645 | -7.5% |
| Debt charges | 650 | €140 | €759 | +€619 | +443% |
| Other financial charges | 652/9 | €8,413 | €7,149 | -€1,264 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €862,838 | €535,019 | -€327,819 | -38.0% |
| Income taxes | 67/77 | €233,919 | €148,505 | -€85,413 | -36.5% |
| Taxes | 670/3 | €235,178 | €148,505 | -€86,673 | -36.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1,260 | €0 | -€1,260 | -100% |
| Profit (loss) for the period | 9904 | €628,919 | €386,514 | -€242,405 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €628,919 | €386,514 | -€242,405 | -38.5% |
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 28 October 2026 via checked.be.