T&W Projects: 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 Projects
Largest movements
- Receivables within one year -€72,425
down €72,425 (-9.2%), from €788,503 to €716,078
of which Other amounts receivable: -€54,717
- Cash +€14,500
up €14,500 (+168.8%), from €8,592 to €23,091
mainly Receivables within one year (+€72,425) and Net result for the year (+€13,971)
- Tax, wage and social debts -€69,183
down €69,183 (-29.1%), from €237,891 to €168,708
- Reserves +€13,971
up €13,971 (+3.1%), from €447,550 to €461,521
of which Distributable reserves: +€13,971
- Gross operating margin -€462,905
down €462,905 (-98.7%), from €468,785 to €5,879
- Taxes -€155,327
down €155,327 (-95.7%), from €162,319 to €6,991
- Financial income +€4,899
up €4,899 (+44.3%), from €11,059 to €15,957
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.
Cash bridge derived
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 | €808,807 | €755,127 | -€53,680 | -6.6% |
| Current assets | 29/58 | €808,807 | €755,127 | -€53,680 | -6.6% |
| Stocks and contracts in progress | 3 | €2,227 | €0 | -€2,227 | -100.0% |
| Stocks | 30/36 | €2,227 | €0 | -€2,227 | -100.0% |
| Amounts receivable within one year | 40/41 | €788,503 | €716,078 | -€72,425 | -9.2% |
| Trade receivables | 40 | €17,708 | €0 | -€17,708 | -100.0% |
| Other amounts receivable | 41 | €770,795 | €716,078 | -€54,717 | -7.1% |
| Cash at bank and in hand | 54/58 | €8,592 | €23,091 | +€14,500 | +168.8% |
| Deferred charges and accrued income | 490/1 | €9,485 | €15,957 | +€6,473 | +68.2% |
| Total equity and liabilities | 10/49 | €808,807 | €755,127 | -€53,680 | -6.6% |
| Equity | 10/15 | €509,524 | €523,495 | +€13,971 | +2.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €447,550 | €461,521 | +€13,971 | +3.1% |
| Non-distributable reserves | 130/1 | €1,400 | €1,400 | = | 0.0% |
| Legal reserve | 130 | €1,400 | €1,400 | = | 0.0% |
| Distributable reserves | 133 | €446,150 | €460,121 | +€13,971 | +3.1% |
| Amounts payable | 17/49 | €299,283 | €231,632 | -€67,651 | -22.6% |
| Amounts payable within one year | 42/48 | €298,302 | €231,632 | -€66,670 | -22.3% |
| Trade debts | 44 | €60,411 | €62,920 | +€2,509 | +4.2% |
| Suppliers | 440/4 | €60,411 | €62,920 | +€2,509 | +4.2% |
| Taxes, remuneration and social security | 45 | €237,891 | €168,708 | -€69,183 | -29.1% |
| Taxes | 450/3 | €237,891 | €168,708 | -€69,183 | -29.1% |
| Other amounts payable | 47/48 | €0 | €5 | +€5 | |
| Accrued charges and deferred income | 492/3 | €981 | €0 | -€981 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €468,785 | €5,879 | -€462,905 | -98.7% |
| Operating profit (loss) | 9901 | €468,279 | €5,360 | -€462,920 | -98.9% |
| Financial income | 75/76B | €11,059 | €15,957 | +€4,899 | +44.3% |
| Recurring financial income | 75 | €11,059 | €15,957 | +€4,899 | +44.3% |
| Financial charges | 65/66B | €7 | €355 | +€347 | +4783.5% |
| Recurring financial charges | 65 | €7 | €355 | +€347 | +4783.5% |
| Profit (loss) for the period before taxes | 9903 | €479,331 | €20,962 | -€458,368 | -95.6% |
| Income taxes | 67/77 | €162,319 | €6,991 | -€155,327 | -95.7% |
| Profit (loss) for the period | 9904 | €317,012 | €13,971 | -€303,041 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €317,012 | €13,971 | -€303,041 | -95.6% |
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 10 October 2026 via checked.be.