T.W. Concept: 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. Concept
Largest movements
- Cash -€3
down €3 (-100%), from €3 to €0
mainly Net result for the year (-€1,622) and Tax, wage and social debts (-€324)
- Profit (loss) carried forward -€1,622
down €1,622 (-8.2%), from -€19,779 to -€21,401
- Other debts +€1,310
up €1,310 (+17.0%), from €7,686 to €8,997
- Trade debts +€578
up €578 (+71.0%), from €815 to €1,393
- Tax, wage and social debts -€324
down €324 (-100%), from €324 to €0
- Short-term financial debts +€54
new in 2025: €54
- Gross operating margin -€1,398
down €1,398, from €12 to -€1,386
- Depreciation -€146
down €146 (-100%), from €146 to €0
- Other operating charges +€30
up €30 (+30.3%), from €98 to €128
- Financial charges -€16
down €16 (-12.7%), from €123 to €107
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 | €105 | €102 | -€3 | -3.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €105 | €102 | -€3 | -3.0% |
| Amounts receivable within one year | 40/41 | €102 | €102 | = | 0.0% |
| Trade receivables | 40 | €102 | €102 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3 | €0 | -€3 | -100% |
| Total equity and liabilities | 10/49 | €105 | €102 | -€3 | -3.0% |
| Equity | 10/15 | -€8,720 | -€10,342 | -€1,622 | -18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,058 | €1,058 | = | 0.0% |
| Distributable reserves | 133 | €1,058 | €1,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,779 | -€21,401 | -€1,622 | -8.2% |
| Amounts payable | 17/49 | €8,825 | €10,444 | +€1,619 | +18.3% |
| Amounts payable within one year | 42/48 | €8,825 | €10,444 | +€1,619 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €54 | +€54 | |
| Credit institutions | 430/8 | - | €54 | +€54 | |
| Trade debts | 44 | €815 | €1,393 | +€578 | +71.0% |
| Suppliers | 440/4 | €815 | €1,393 | +€578 | +71.0% |
| Taxes, remuneration and social security | 45 | €324 | €0 | -€324 | -100% |
| Taxes | 450/3 | €324 | €0 | -€324 | -100% |
| Other amounts payable | 47/48 | €7,686 | €8,997 | +€1,310 | +17.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €0 | -€146 | -100% |
| Other operating charges | 640/8 | €98 | €128 | +€30 | +30.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12 | -€1,386 | -€1,398 | |
| Operating profit (loss) | 9901 | -€232 | -€1,514 | -€1,282 | -553% |
| Financial charges | 65/66B | €123 | €107 | -€16 | -12.7% |
| Recurring financial charges | 65 | €123 | €107 | -€16 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€355 | -€1,622 | -€1,267 | -357% |
| Profit (loss) for the period | 9904 | -€355 | -€1,622 | -€1,267 | -357% |
| Profit (loss) for the period to be appropriated | 9905 | -€355 | -€1,622 | -€1,267 | -357% |
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 15 October 2026 via checked.be.