iTWEAK: 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.
iTWEAK
Largest movements
- Tangible fixed assets -€23,947
down €23,947 (-3.6%), from €664,747 to €640,800
of which Plant, machinery and equipment: -€12,783
- Reserves +€42,032
up €42,032 (+37.6%), from €111,732 to €153,765
of which Distributable reserves: +€43,892
- Debts after one year -€39,345
down €39,345 (-11.5%), from €341,394 to €302,050
- Other debts -€27,476
down €27,476 (-23.5%), from €116,701 to €89,225
- Other operating charges -€34,379
down €34,379 (-81.2%), from €42,351 to €7,972
- Gross operating margin -€20,483
down €20,483 (-14.1%), from €144,820 to €124,338
- Taxes +€6,335
up €6,335 (+54.2%), from €11,687 to €18,023
- Financial charges -€3,752
down €3,752 (-23.2%), from €16,143 to €12,391
- Depreciation -€3,298
down €3,298 (-10.0%), from €32,997 to €29,699
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 | €713,180 | €684,894 | -€28,286 | -4.0% |
| Formation expenses | 20 | €1,087 | €815 | -€272 | -25.0% |
| Fixed assets | 21/28 | €666,327 | €642,380 | -€23,947 | -3.6% |
| Tangible fixed assets | 22/27 | €664,747 | €640,800 | -€23,947 | -3.6% |
| Land and buildings | 22 | €572,963 | €571,360 | -€1,602 | -0.3% |
| Plant, machinery and equipment | 23 | €67,625 | €54,842 | -€12,783 | -18.9% |
| Furniture and vehicles | 24 | €24,159 | €14,598 | -€9,561 | -39.6% |
| Financial fixed assets | 28 | €1,580 | €1,580 | = | 0.0% |
| Current assets | 29/58 | €45,766 | €41,699 | -€4,067 | -8.9% |
| Amounts receivable within one year | 40/41 | €20,871 | €22,144 | +€1,273 | +6.1% |
| Trade receivables | 40 | €12,034 | €13,307 | +€1,273 | +10.6% |
| Other amounts receivable | 41 | €8,837 | €8,837 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,972 | €16,743 | -€5,229 | -23.8% |
| Deferred charges and accrued income | 490/1 | €2,923 | €2,813 | -€110 | -3.8% |
| Total equity and liabilities | 10/49 | €713,180 | €684,894 | -€28,286 | -4.0% |
| Equity | 10/15 | €178,608 | €220,641 | +€42,032 | +23.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €111,732 | €153,765 | +€42,032 | +37.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €109,872 | €153,765 | +€43,892 | +39.9% |
| Profit (loss) carried forward | 14 | €54,476 | €54,476 | = | 0.0% |
| Amounts payable | 17/49 | €534,572 | €464,254 | -€70,318 | -13.2% |
| Amounts payable after more than one year | 17 | €341,394 | €302,050 | -€39,345 | -11.5% |
| Financial debts | 170/4 | €341,394 | €302,050 | -€39,345 | -11.5% |
| Amounts payable within one year | 42/48 | €192,482 | €162,204 | -€30,278 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €38,004 | €39,345 | +€1,341 | +3.5% |
| Trade debts | 44 | €5,876 | €741 | -€5,135 | -87.4% |
| Suppliers | 440/4 | €5,876 | €741 | -€5,135 | -87.4% |
| Taxes, remuneration and social security | 45 | €31,901 | €32,893 | +€992 | +3.1% |
| Taxes | 450/3 | €28,510 | €28,586 | +€76 | +0.3% |
| Remuneration and social security | 454/9 | €3,391 | €4,307 | +€916 | +27.0% |
| Other amounts payable | 47/48 | €116,701 | €89,225 | -€27,476 | -23.5% |
| Accrued charges and deferred income | 492/3 | €695 | - | -€695 | |
| Remuneration, social security and pensions | 62 | €13,682 | €14,086 | +€403 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,997 | €29,699 | -€3,298 | -10.0% |
| Other operating charges | 640/8 | €42,351 | €7,972 | -€34,379 | -81.2% |
| Non-recurring operating charges | 66A | €7,127 | €334 | -€6,793 | -95.3% |
| Gross operating margin | 9900 | €144,820 | €124,338 | -€20,483 | -14.1% |
| Operating profit (loss) | 9901 | €48,663 | €72,247 | +€23,584 | +48.5% |
| Financial income | 75/76B | €138 | €200 | +€62 | +45.0% |
| Recurring financial income | 75 | €138 | €200 | +€62 | +45.0% |
| Financial charges | 65/66B | €16,143 | €12,391 | -€3,752 | -23.2% |
| Recurring financial charges | 65 | €16,143 | €12,391 | -€3,752 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €32,657 | €60,055 | +€27,398 | +83.9% |
| Income taxes | 67/77 | €11,687 | €18,023 | +€6,335 | +54.2% |
| Profit (loss) for the period | 9904 | €20,970 | €42,032 | +€21,062 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €20,970 | €42,032 | +€21,062 | +100% |
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.