CO.TWEE: 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.
CO.TWEE
Largest movements
- Tangible fixed assets -€49,639
down €49,639 (-8.6%), from €574,699 to €525,060
of which Land and buildings: -€46,154
- Receivables within one year -€43,441
down €43,441 (-35.1%), from €123,625 to €80,184
of which Trade receivables: -€38,472
- Cash +€8,479
up €8,479 (+10.3%), from €82,544 to €91,023
mainly Depreciation (+€50,190) and Receivables within one year (+€43,441)
- Debts after one year -€59,878
down €59,878 (-16.4%), from €364,622 to €304,744
- Trade debts -€20,594
down €20,594 (-30.3%), from €68,061 to €47,467
- Gross operating margin -€6,538
down €6,538 (-6.6%), from €98,684 to €92,146
- Financial charges -€2,452
down €2,452 (-15.2%), from €16,135 to €13,683
- Depreciation -€1,316
down €1,316 (-2.6%), from €51,506 to €50,190
- Taxes -€1,239
down €1,239 (-35.6%), from €3,481 to €2,243
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 | €788,903 | €703,879 | -€85,025 | -10.8% |
| Fixed assets | 21/28 | €575,218 | €525,579 | -€49,639 | -8.6% |
| Tangible fixed assets | 22/27 | €574,699 | €525,060 | -€49,639 | -8.6% |
| Land and buildings | 22 | €565,383 | €519,229 | -€46,154 | -8.2% |
| Plant, machinery and equipment | 23 | €551 | €258 | -€293 | -53.2% |
| Furniture and vehicles | 24 | €8,765 | €5,573 | -€3,192 | -36.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €519 | €519 | = | 0.0% |
| Current assets | 29/58 | €213,685 | €178,300 | -€35,386 | -16.6% |
| Amounts receivable within one year | 40/41 | €123,625 | €80,184 | -€43,441 | -35.1% |
| Trade receivables | 40 | €92,260 | €53,788 | -€38,472 | -41.7% |
| Other amounts receivable | 41 | €31,365 | €26,396 | -€4,969 | -15.8% |
| Cash at bank and in hand | 54/58 | €82,544 | €91,023 | +€8,479 | +10.3% |
| Deferred charges and accrued income | 490/1 | €7,517 | €7,093 | -€424 | -5.6% |
| Total equity and liabilities | 10/49 | €788,903 | €703,879 | -€85,025 | -10.8% |
| Equity | 10/15 | €260,013 | €260,147 | +€134 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €253,813 | €253,947 | +€134 | +0.1% |
| Tax-exempt reserves | 132 | €957 | €957 | = | 0.0% |
| Distributable reserves | 133 | €252,856 | €252,990 | +€134 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €528,890 | €443,732 | -€85,159 | -16.1% |
| Amounts payable after more than one year | 17 | €364,622 | €304,744 | -€59,878 | -16.4% |
| Financial debts | 170/4 | €364,622 | €304,744 | -€59,878 | -16.4% |
| Amounts payable within one year | 42/48 | €158,994 | €133,716 | -€25,278 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €58,032 | €59,878 | +€1,846 | +3.2% |
| Financial debts | 43 | €86 | €229 | +€143 | +167% |
| Credit institutions | 430/8 | €86 | €229 | +€143 | +167% |
| Trade debts | 44 | €68,061 | €47,467 | -€20,594 | -30.3% |
| Suppliers | 440/4 | €68,061 | €47,467 | -€20,594 | -30.3% |
| Taxes, remuneration and social security | 45 | €12,479 | €5,723 | -€6,756 | -54.1% |
| Taxes | 450/3 | €12,479 | €5,723 | -€6,756 | -54.1% |
| Other amounts payable | 47/48 | €20,337 | €20,419 | +€82 | +0.4% |
| Accrued charges and deferred income | 492/3 | €5,274 | €5,271 | -€3 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,506 | €50,190 | -€1,316 | -2.6% |
| Other operating charges | 640/8 | €6,734 | €5,956 | -€778 | -11.6% |
| Gross operating margin | 9900 | €98,684 | €92,146 | -€6,538 | -6.6% |
| Operating profit (loss) | 9901 | €40,444 | €36,000 | -€4,444 | -11.0% |
| Financial income | 75/76B | €38 | €59 | +€21 | +56.1% |
| Recurring financial income | 75 | €38 | €59 | +€21 | +56.1% |
| Financial charges | 65/66B | €16,135 | €13,683 | -€2,452 | -15.2% |
| Recurring financial charges | 65 | €16,135 | €13,683 | -€2,452 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €24,347 | €22,377 | -€1,970 | -8.1% |
| Income taxes | 67/77 | €3,481 | €2,243 | -€1,239 | -35.6% |
| Profit (loss) for the period | 9904 | €20,866 | €20,134 | -€732 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,866 | €20,134 | -€732 | -3.5% |
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 24 October 2026 via checked.be.