TAWA: 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.
TAWA
Largest movements
- Tangible fixed assets -€16,595
down €16,595 (-4.5%), from €367,284 to €350,689
of which Furniture and vehicles: -€13,835
- Other debts +€37,305
up €37,305 (+146%), from €25,474 to €62,779
- Debts after one year -€31,463
down €31,463 (-10.8%), from €292,368 to €260,905
- Profit (loss) carried forward -€24,703
down €24,703 (-100%), from €24,703 to €0
- Tax, wage and social debts +€15,421
up €15,421 (+120%), from €12,895 to €28,315
- Trade debts -€13,919
down €13,919 (-86.2%), from €16,141 to €2,222
- Gross operating margin +€61,515
up €61,515 (+86.1%), from €71,419 to €132,933
- Taxes +€12,631
up €12,631 (+170%), from €7,431 to €20,062
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 | €406,861 | €390,687 | -€16,174 | -4.0% |
| Fixed assets | 21/28 | €367,284 | €350,689 | -€16,595 | -4.5% |
| Tangible fixed assets | 22/27 | €367,284 | €350,689 | -€16,595 | -4.5% |
| Land and buildings | 22 | €289,075 | €286,315 | -€2,760 | -1.0% |
| Furniture and vehicles | 24 | €78,209 | €64,374 | -€13,835 | -17.7% |
| Current assets | 29/58 | €39,577 | €39,998 | +€421 | +1.1% |
| Amounts receivable within one year | 40/41 | €13,019 | €11,964 | -€1,055 | -8.1% |
| Trade receivables | 40 | €13,019 | €2,511 | -€10,508 | -80.7% |
| Other amounts receivable | 41 | €0 | €9,454 | +€9,454 | |
| Cash at bank and in hand | 54/58 | €25,708 | €26,682 | +€974 | +3.8% |
| Deferred charges and accrued income | 490/1 | €851 | €1,352 | +€501 | +59.0% |
| Total equity and liabilities | 10/49 | €406,861 | €390,687 | -€16,174 | -4.0% |
| Equity | 10/15 | €30,903 | €6,200 | -€24,703 | -79.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,703 | €0 | -€24,703 | -100% |
| Amounts payable | 17/49 | €375,958 | €384,487 | +€8,529 | +2.3% |
| Amounts payable after more than one year | 17 | €292,368 | €260,905 | -€31,463 | -10.8% |
| Financial debts | 170/4 | €292,368 | €260,905 | -€31,463 | -10.8% |
| Amounts payable within one year | 42/48 | €82,768 | €123,582 | +€40,815 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €28,257 | €30,266 | +€2,008 | +7.1% |
| Trade debts | 44 | €16,141 | €2,222 | -€13,919 | -86.2% |
| Suppliers | 440/4 | €16,141 | €2,222 | -€13,919 | -86.2% |
| Taxes, remuneration and social security | 45 | €12,895 | €28,315 | +€15,421 | +120% |
| Taxes | 450/3 | €12,895 | €28,315 | +€15,421 | +120% |
| Other amounts payable | 47/48 | €25,474 | €62,779 | +€37,305 | +146% |
| Accrued charges and deferred income | 492/3 | €822 | €0 | -€822 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,815 | €29,772 | +€956 | +3.3% |
| Other operating charges | 640/8 | €2,442 | €2,233 | -€208 | -8.5% |
| Non-recurring operating charges | 66A | €659 | €0 | -€659 | -100% |
| Gross operating margin | 9900 | €71,419 | €132,933 | +€61,515 | +86.1% |
| Operating profit (loss) | 9901 | €39,503 | €100,928 | +€61,425 | +155% |
| Financial charges | 65/66B | €7,369 | €7,009 | -€360 | -4.9% |
| Recurring financial charges | 65 | €7,369 | €7,009 | -€360 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €32,134 | €93,920 | +€61,786 | +192% |
| Income taxes | 67/77 | €7,431 | €20,062 | +€12,631 | +170% |
| Profit (loss) for the period | 9904 | €24,703 | €73,858 | +€49,154 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €24,703 | €73,858 | +€49,154 | +199% |
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 16 October 2026 via checked.be.