TNF: 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.
TNF
Largest movements
- Receivables within one year -€1,197
down €1,197 (-57.3%), from €2,088 to €891
of which Trade receivables: -€2,008
- Cash +€853
up €853 (+106%), from €802 to €1,655
mainly Net result for the year (+€3,763) and Receivables within one year (+€1,197)
- Tangible fixed assets -€223
down €223 (-45.7%), from €487 to €265
- Deferred charges and accrued income +€109
new in 2025: €109
- Profit (loss) carried forward +€3,763
up €3,763 (+45.8%), from -€8,219 to -€4,456
- Trade debts -€2,641
down €2,641 (-81.3%), from €3,248 to €607
- Other debts -€1,450
down €1,450 (-25.8%), from €5,619 to €4,169
- Tax, wage and social debts -€130
no longer reported in 2025 (was €130)
- Gross operating margin +€2,346
up €2,346 (+134%), from €1,757 to €4,103
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 | €3,378 | €2,920 | -€458 | -13.6% |
| Fixed assets | 21/28 | €487 | €265 | -€223 | -45.7% |
| Tangible fixed assets | 22/27 | €487 | €265 | -€223 | -45.7% |
| Furniture and vehicles | 24 | €487 | €265 | -€223 | -45.7% |
| Current assets | 29/58 | €2,890 | €2,655 | -€235 | -8.1% |
| Amounts receivable within one year | 40/41 | €2,088 | €891 | -€1,197 | -57.3% |
| Trade receivables | 40 | €2,008 | - | -€2,008 | |
| Other amounts receivable | 41 | €80 | €891 | +€811 | +1,014% |
| Cash at bank and in hand | 54/58 | €802 | €1,655 | +€853 | +106% |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €3,378 | €2,920 | -€458 | -13.6% |
| Equity | 10/15 | -€5,619 | -€1,856 | +€3,763 | +67.0% |
| Contributions | 10/11 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,219 | -€4,456 | +€3,763 | +45.8% |
| Amounts payable | 17/49 | €8,996 | €4,776 | -€4,220 | -46.9% |
| Amounts payable within one year | 42/48 | €8,996 | €4,776 | -€4,220 | -46.9% |
| Trade debts | 44 | €3,248 | €607 | -€2,641 | -81.3% |
| Suppliers | 440/4 | €3,248 | €607 | -€2,641 | -81.3% |
| Taxes, remuneration and social security | 45 | €130 | - | -€130 | |
| Taxes | 450/3 | €130 | - | -€130 | |
| Other amounts payable | 47/48 | €5,619 | €4,169 | -€1,450 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €223 | = | 0.0% |
| Gross operating margin | 9900 | €1,757 | €4,103 | +€2,346 | +134% |
| Operating profit (loss) | 9901 | €1,534 | €3,880 | +€2,346 | +153% |
| Financial income | 75/76B | €1 | €9 | +€9 | +1,752% |
| Recurring financial income | 75 | €1 | €9 | +€9 | +1,752% |
| Financial charges | 65/66B | €127 | €127 | +€0 | +0.1% |
| Recurring financial charges | 65 | €127 | €127 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €1,408 | €3,763 | +€2,355 | +167% |
| Profit (loss) for the period | 9904 | €1,408 | €3,763 | +€2,355 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €1,408 | €3,763 | +€2,355 | +167% |
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 25 October 2026 via checked.be.