T'WISE: 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'WISE
Largest movements
- Receivables within one year +€40,455
up €40,455 (+176.0%), from €22,989 to €63,444
of which Other amounts receivable: +€29,655
- Deferred charges and accrued income -€9,968
down €9,968 (-93.6%), from €10,654 to €686
- Cash -€2,268
down €2,268 (-6.3%), from €35,994 to €33,726
mainly Receivables within one year (-€40,455) and Accrued charges and deferred income (-€968)
- Reserves +€25,110
up €25,110 (+46.3%), from €54,191 to €79,302
- Tax, wage and social debts +€3,706
up €3,706 (+28.6%), from €12,946 to €16,651
- Gross operating margin -€8,245
down €8,245 (-18.7%), from €44,175 to €35,930
- Taxes -€1,440
down €1,440 (-15.9%), from €9,046 to €7,606
- Depreciation -€619
down €619 (-36.2%), from €1,709 to €1,090
- Financial charges -€467
down €467 (-23.6%), from €1,981 to €1,513
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 | €72,258 | €99,846 | +€27,589 | +38.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,621 | €1,991 | -€630 | -24.0% |
| Tangible fixed assets | 22/27 | €2,371 | €1,741 | -€630 | -26.6% |
| Plant, machinery and equipment | 23 | €2,371 | €1,741 | -€630 | -26.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €69,637 | €97,855 | +€28,219 | +40.5% |
| Amounts receivable within one year | 40/41 | €22,989 | €63,444 | +€40,455 | +176.0% |
| Trade receivables | 40 | €12,240 | €23,040 | +€10,800 | +88.2% |
| Other amounts receivable | 41 | €10,749 | €40,404 | +€29,655 | +275.9% |
| Cash at bank and in hand | 54/58 | €35,994 | €33,726 | -€2,268 | -6.3% |
| Deferred charges and accrued income | 490/1 | €10,654 | €686 | -€9,968 | -93.6% |
| Total equity and liabilities | 10/49 | €72,258 | €99,846 | +€27,589 | +38.2% |
| Equity | 10/15 | €57,191 | €82,302 | +€25,110 | +43.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,191 | €79,302 | +€25,110 | +46.3% |
| Distributable reserves | 133 | €54,191 | €79,302 | +€25,110 | +46.3% |
| Amounts payable | 17/49 | €15,066 | €17,545 | +€2,478 | +16.4% |
| Amounts payable within one year | 42/48 | €14,099 | €17,545 | +€3,446 | +24.4% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Trade debts | 44 | €1,014 | €623 | -€392 | -38.6% |
| Suppliers | 440/4 | €1,014 | €623 | -€392 | -38.6% |
| Taxes, remuneration and social security | 45 | €12,946 | €16,651 | +€3,706 | +28.6% |
| Taxes | 450/3 | €12,946 | €16,651 | +€3,706 | +28.6% |
| Other amounts payable | 47/48 | €127 | €271 | +€143 | +112.9% |
| Accrued charges and deferred income | 492/3 | €968 | - | -€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,709 | €1,090 | -€619 | -36.2% |
| Other operating charges | 640/8 | €561 | €611 | +€50 | +8.9% |
| Gross operating margin | 9900 | €44,175 | €35,930 | -€8,245 | -18.7% |
| Operating profit (loss) | 9901 | €41,905 | €34,229 | -€7,676 | -18.3% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,981 | €1,513 | -€467 | -23.6% |
| Recurring financial charges | 65 | €1,981 | €1,513 | -€467 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €39,929 | €32,716 | -€7,213 | -18.1% |
| Income taxes | 67/77 | €9,046 | €7,606 | -€1,440 | -15.9% |
| Profit (loss) for the period | 9904 | €30,884 | €25,110 | -€5,773 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,884 | €25,110 | -€5,773 | -18.7% |
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.