TNFF: 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.
TNFF
Largest movements
- Cash +€26,705
up €26,705 (+41.7%), from €63,988 to €90,692
mainly Net result for the year (+€222,325) and Short-term financial debts (+€8,128)
- Reserves +€194,089
up €194,089 (+70.1%), from €276,925 to €471,014
of which Distributable reserves: +€109,889
- Debts after one year -€108,809
down €108,809 (-34.4%), from €316,724 to €207,915
- Other debts -€69,557
down €69,557 (-65.6%), from €106,088 to €36,531
- Gross operating margin +€78,042
up €78,042 (+59.0%), from €132,172 to €210,215
- Financial income +€67,809
up €67,809, from €0 to €67,809
- Taxes +€21,000
up €21,000 (+83.3%), from €25,218 to €46,218
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 | €895,042 | €919,872 | +€24,830 | +2.8% |
| Fixed assets | 21/28 | €816,844 | €816,844 | = | 0.0% |
| Financial fixed assets | 28 | €816,844 | €816,844 | = | 0.0% |
| Current assets | 29/58 | €78,198 | €103,027 | +€24,830 | +31.8% |
| Amounts receivable within one year | 40/41 | €0 | €526 | +€526 | |
| Trade receivables | 40 | €0 | €526 | +€526 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €9,313 | €9,313 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,988 | €90,692 | +€26,705 | +41.7% |
| Deferred charges and accrued income | 490/1 | €4,898 | €2,497 | -€2,401 | -49.0% |
| Total equity and liabilities | 10/49 | €895,042 | €919,872 | +€24,830 | +2.8% |
| Equity | 10/15 | €306,925 | €501,014 | +€194,089 | +63.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €276,925 | €471,014 | +€194,089 | +70.1% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €276,925 | €386,814 | +€109,889 | +39.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €588,117 | €418,858 | -€169,260 | -28.8% |
| Amounts payable after more than one year | 17 | €316,724 | €207,915 | -€108,809 | -34.4% |
| Financial debts | 170/4 | €316,724 | €207,915 | -€108,809 | -34.4% |
| Amounts payable within one year | 42/48 | €271,393 | €210,942 | -€60,451 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €107,573 | €108,809 | +€1,236 | +1.1% |
| Financial debts | 43 | - | €8,128 | +€8,128 | |
| Credit institutions | 430/8 | - | €8,128 | +€8,128 | |
| Trade debts | 44 | €355 | €8,389 | +€8,034 | +2263.0% |
| Suppliers | 440/4 | €355 | €8,389 | +€8,034 | +2263.0% |
| Taxes, remuneration and social security | 45 | €57,377 | €49,086 | -€8,291 | -14.5% |
| Taxes | 450/3 | €57,377 | €49,086 | -€8,291 | -14.5% |
| Other amounts payable | 47/48 | €106,088 | €36,531 | -€69,557 | -65.6% |
| Other operating charges | 640/8 | €1,130 | €1,010 | -€119 | -10.5% |
| Gross operating margin | 9900 | €132,172 | €210,215 | +€78,042 | +59.0% |
| Operating profit (loss) | 9901 | €131,043 | €209,204 | +€78,161 | +59.6% |
| Financial income | 75/76B | €0 | €67,809 | +€67,809 | |
| Recurring financial income | 75 | €0 | €67,809 | +€67,809 | |
| Financial charges | 65/66B | €10,175 | €8,471 | -€1,704 | -16.7% |
| Recurring financial charges | 65 | €10,175 | €8,471 | -€1,704 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €120,868 | €268,543 | +€147,674 | +122.2% |
| Income taxes | 67/77 | €25,218 | €46,218 | +€21,000 | +83.3% |
| Profit (loss) for the period | 9904 | €95,650 | €222,325 | +€126,675 | +132.4% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,650 | €138,125 | +€42,475 | +44.4% |
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 10 October 2026 via checked.be.