T.W.D.D. CONSULT: 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.
What changed
T.W.D.D. CONSULT
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€16,586
2025 · -€33,432+€16,846
Equity
€984,088
2025 · €1.0m-€16,586
Cash
€85,267
2025 · €92,536-€7,269
Balance sheet total
€1.0m
2025 · €1.0m-€30,203
Largest movements
Assets
- Tangible fixed assets -€34,597
down €34,597 (-4.7%), from €736,739 to €702,143
of which Land and buildings: -€33,319
- Receivables within one year +€11,663
up €11,663 (+8.8%), from €133,290 to €144,953
of which Other amounts receivable: +€11,663
Equity and liabilities
- Profit (loss) carried forward -€16,586
down €16,586 (-1.8%), from €909,595 to €893,010
Income statement
- Gross operating margin +€16,651
up €16,651 (+141%), from €11,795 to €28,446
From the 2025 result to the 2026 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.
Result 2025
-€33,432
Gross operating margin
+€16,651
Other operating charges
+€223
Financial charges
-€30
Taxes
+€2
Result 2026
-€16,586
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,602
Investment
€0
Financing
-€5,668
Cash 2025
€92,536
From operations (derived)
-€1,602
Net result for the year
-€16,586
Depreciation
+€34,597
Receivables within one year
-€11,663
Trade debts
-€2,940
Other debts
-€3,974
Accrued charges and deferred income
-€1,035
Financing
-€5,668
Debts after one year
-€5,783
Current portion of long-term debt
+€115
Cash 2026
€85,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,032,565 | €1,002,363 | -€30,203 | -2.9% |
| Fixed assets | 21/28 | €806,739 | €772,143 | -€34,597 | -4.3% |
| Tangible fixed assets | 22/27 | €736,739 | €702,143 | -€34,597 | -4.7% |
| Land and buildings | 22 | €735,423 | €702,104 | -€33,319 | -4.5% |
| Furniture and vehicles | 24 | €1,317 | €39 | -€1,278 | -97.1% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €225,826 | €230,220 | +€4,394 | +1.9% |
| Amounts receivable within one year | 40/41 | €133,290 | €144,953 | +€11,663 | +8.8% |
| Trade receivables | 40 | €133,290 | €133,290 | = | 0.0% |
| Other amounts receivable | 41 | - | €11,663 | +€11,663 | |
| Cash at bank and in hand | 54/58 | €92,536 | €85,267 | -€7,269 | -7.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,032,565 | €1,002,363 | -€30,203 | -2.9% |
| Equity | 10/15 | €1,000,673 | €984,088 | -€16,586 | -1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €29,078 | €29,078 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,089 | €19,089 | = | 0.0% |
| Distributable reserves | 133 | €3,789 | €3,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €909,595 | €893,010 | -€16,586 | -1.8% |
| Amounts payable | 17/49 | €31,892 | €18,275 | -€13,617 | -42.7% |
| Amounts payable after more than one year | 17 | €17,195 | €11,412 | -€5,783 | -33.6% |
| Financial debts | 170/4 | €17,195 | €11,412 | -€5,783 | -33.6% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,682 | €5,883 | -€6,800 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €5,668 | €5,783 | +€115 | +2.0% |
| Trade debts | 44 | €2,940 | €0 | -€2,940 | -100% |
| Suppliers | 440/4 | €2,940 | €0 | -€2,940 | -100% |
| Taxes, remuneration and social security | 45 | €100 | €100 | = | 0.0% |
| Taxes | 450/3 | €100 | €100 | = | 0.0% |
| Other amounts payable | 47/48 | €3,974 | €0 | -€3,974 | -100% |
| Accrued charges and deferred income | 492/3 | €2,015 | €980 | -€1,035 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,597 | €34,597 | = | 0.0% |
| Other operating charges | 640/8 | €9,608 | €9,385 | -€223 | -2.3% |
| Gross operating margin | 9900 | €11,795 | €28,446 | +€16,651 | +141% |
| Operating profit (loss) | 9901 | -€32,410 | -€15,535 | +€16,874 | +52.1% |
| Financial charges | 65/66B | €922 | €952 | +€30 | +3.2% |
| Recurring financial charges | 65 | €922 | €952 | +€30 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,332 | -€16,487 | +€16,845 | +50.5% |
| Income taxes | 67/77 | €100 | €98 | -€2 | -1.5% |
| Profit (loss) for the period | 9904 | -€33,432 | -€16,586 | +€16,846 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,432 | -€16,586 | +€16,846 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.