DEN TWEELING: 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.
DEN TWEELING
Largest movements
- Tangible fixed assets +€29,581
up €29,581 (+167%), from €17,677 to €47,258
of which Plant, machinery and equipment: +€19,630
- Cash -€11,275
down €11,275 (-65.9%), from €17,105 to €5,830
mainly Investment in fixed assets (net) (-€40,557) and Stocks and contracts (-€2,820)
- Financial fixed assets +€3,000
up €3,000 (+83.3%), from €3,600 to €6,600
- Stocks and contracts +€2,820
up €2,820 (+25.9%), from €10,891 to €13,711
- Deferred charges and accrued income +€2,034
up €2,034 (+431%), from €471 to €2,505
- Debts after one year +€13,148
new in 2025: €13,148
- Trade debts +€8,935
up €8,935 (+112%), from €8,012 to €16,947
- Current portion of long-term debt +€3,091
new in 2025: €3,091
- Tax, wage and social debts -€1,448
down €1,448 (-19.1%), from €7,587 to €6,139
- Accrued charges and deferred income +€1,273
new in 2025: €1,273
- Gross operating margin -€15,351
down €15,351 (-45.7%), from €33,559 to €18,208
- Taxes -€4,959
down €4,959 (-69.8%), from €7,102 to €2,143
- Other operating charges +€4,369
up €4,369 (+3,702%), from €118 to €4,487
- Depreciation +€4,000
up €4,000 (+101%), from €3,975 to €7,975
- Financial charges +€842
up €842 (+47.0%), from €1,793 to €2,635
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 | €52,042 | €77,635 | +€25,593 | +49.2% |
| Fixed assets | 21/28 | €21,277 | €53,858 | +€32,581 | +153% |
| Tangible fixed assets | 22/27 | €17,677 | €47,258 | +€29,581 | +167% |
| Plant, machinery and equipment | 23 | €5,918 | €25,548 | +€19,630 | +332% |
| Furniture and vehicles | 24 | €11,759 | €21,710 | +€9,951 | +84.6% |
| Financial fixed assets | 28 | €3,600 | €6,600 | +€3,000 | +83.3% |
| Current assets | 29/58 | €30,766 | €23,777 | -€6,989 | -22.7% |
| Stocks and contracts in progress | 3 | €10,891 | €13,711 | +€2,820 | +25.9% |
| Stocks | 30/36 | €10,891 | €13,711 | +€2,820 | +25.9% |
| Amounts receivable within one year | 40/41 | €2,298 | €1,731 | -€568 | -24.7% |
| Trade receivables | 40 | €1,011 | €1,216 | +€204 | +20.2% |
| Other amounts receivable | 41 | €1,287 | €515 | -€772 | -60.0% |
| Cash at bank and in hand | 54/58 | €17,105 | €5,830 | -€11,275 | -65.9% |
| Deferred charges and accrued income | 490/1 | €471 | €2,505 | +€2,034 | +431% |
| Total equity and liabilities | 10/49 | €52,042 | €77,635 | +€25,593 | +49.2% |
| Equity | 10/15 | €4,559 | €5,546 | +€987 | +21.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,559 | €2,546 | +€987 | +63.3% |
| Distributable reserves | 133 | €1,559 | €2,546 | +€987 | +63.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €47,483 | €72,089 | +€24,606 | +51.8% |
| Amounts payable after more than one year | 17 | - | €13,148 | +€13,148 | |
| Financial debts | 170/4 | - | €13,148 | +€13,148 | |
| Amounts payable within one year | 42/48 | €47,483 | €57,668 | +€10,184 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,091 | +€3,091 | |
| Trade debts | 44 | €8,012 | €16,947 | +€8,935 | +112% |
| Suppliers | 440/4 | €8,012 | €16,947 | +€8,935 | +112% |
| Taxes, remuneration and social security | 45 | €7,587 | €6,139 | -€1,448 | -19.1% |
| Taxes | 450/3 | €7,587 | €6,139 | -€1,448 | -19.1% |
| Other amounts payable | 47/48 | €31,884 | €31,491 | -€394 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €1,273 | +€1,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,975 | €7,975 | +€4,000 | +101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €118 | €4,487 | +€4,369 | +3,702% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,559 | €18,208 | -€15,351 | -45.7% |
| Operating profit (loss) | 9901 | €29,466 | €5,746 | -€23,720 | -80.5% |
| Financial income | 75/76B | €0 | €18 | +€18 | +12,160% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +12,160% |
| Financial charges | 65/66B | €1,793 | €2,635 | +€842 | +47.0% |
| Recurring financial charges | 65 | €1,793 | €2,635 | +€842 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €27,673 | €3,130 | -€24,543 | -88.7% |
| Income taxes | 67/77 | €7,102 | €2,143 | -€4,959 | -69.8% |
| Profit (loss) for the period | 9904 | €20,571 | €987 | -€19,584 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,571 | €987 | -€19,584 | -95.2% |
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 18 October 2026 via checked.be.