T.W.B.: 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.
T.W.B.
Largest movements
- Tangible fixed assets +€4,666
up €4,666 (+4.6%), from €101,929 to €106,596
of which Land and buildings: +€4,776
- Other debts +€10,500
up €10,500 (+30.9%), from €33,943 to €44,443
- Profit (loss) carried forward -€4,955
down €4,955 (-9.9%), from -€50,006 to -€54,961
- Gross operating margin -€8,210
down €8,210 (-46.6%), from €17,600 to €9,390
- Depreciation +€785
up €785 (+25.0%), from €3,140 to €3,925
- Financial charges +€239
up €239 (+33.3%), from €718 to €957
- Other operating charges -€204
down €204 (-2.2%), from €9,364 to €9,160
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 | €103,629 | €109,221 | +€5,592 | +5.4% |
| Fixed assets | 21/28 | €102,251 | €106,917 | +€4,666 | +4.6% |
| Tangible fixed assets | 22/27 | €101,929 | €106,596 | +€4,666 | +4.6% |
| Land and buildings | 22 | €101,783 | €106,559 | +€4,776 | +4.7% |
| Plant, machinery and equipment | 23 | €147 | €37 | -€110 | -74.9% |
| Financial fixed assets | 28 | €321 | €321 | = | 0.0% |
| Current assets | 29/58 | €1,378 | €2,304 | +€926 | +67.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,055 | €1,799 | +€744 | +70.5% |
| Deferred charges and accrued income | 490/1 | €324 | €506 | +€182 | +56.3% |
| Total equity and liabilities | 10/49 | €103,629 | €109,221 | +€5,592 | +5.4% |
| Equity | 10/15 | €68,628 | €63,673 | -€4,955 | -7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €56,634 | €56,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €50,434 | €50,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,006 | -€54,961 | -€4,955 | -9.9% |
| Amounts payable | 17/49 | €35,002 | €45,548 | +€10,547 | +30.1% |
| Amounts payable within one year | 42/48 | €35,002 | €45,548 | +€10,547 | +30.1% |
| Trade debts | 44 | €765 | €510 | -€255 | -33.4% |
| Suppliers | 440/4 | €765 | €510 | -€255 | -33.4% |
| Taxes, remuneration and social security | 45 | €293 | €596 | +€302 | +103% |
| Taxes | 450/3 | €293 | €596 | +€302 | +103% |
| Other amounts payable | 47/48 | €33,943 | €44,443 | +€10,500 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,140 | €3,925 | +€785 | +25.0% |
| Other operating charges | 640/8 | €9,364 | €9,160 | -€204 | -2.2% |
| Gross operating margin | 9900 | €17,600 | €9,390 | -€8,210 | -46.6% |
| Operating profit (loss) | 9901 | €5,095 | -€3,695 | -€8,791 | |
| Financial charges | 65/66B | €718 | €957 | +€239 | +33.3% |
| Recurring financial charges | 65 | €718 | €957 | +€239 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €4,377 | -€4,652 | -€9,030 | |
| Income taxes | 67/77 | €293 | €302 | +€9 | +3.1% |
| Profit (loss) for the period | 9904 | €4,084 | -€4,955 | -€9,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,084 | -€4,955 | -€9,039 |
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 21 October 2026 via checked.be.