TAWARDA: 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.
TAWARDA
Largest movements
- Stocks and contracts -€3,713
down €3,713 (-31.5%), from €11,769 to €8,056
- Cash -€892
down €892 (-69.4%), from €1,285 to €393
mainly Other debts (-€4,961) and Net result for the year (-€2,347)
- Other debts -€4,961
down €4,961 (-17.9%), from €27,675 to €22,714
- Trade debts +€2,703
up €2,703 (+372%), from €726 to €3,429
- Profit (loss) carried forward -€2,347
down €2,347 (-9.6%), from -€24,347 to -€26,694
- Gross operating margin +€3,045
up €3,045 (+57.2%), from -€5,324 to -€2,279
- Other operating charges -€128
no longer reported in 2025 (was €128)
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 | €13,054 | €8,449 | -€4,605 | -35.3% |
| Current assets | 29/58 | €13,054 | €8,449 | -€4,605 | -35.3% |
| Stocks and contracts in progress | 3 | €11,769 | €8,056 | -€3,713 | -31.5% |
| Stocks | 30/36 | €11,769 | €8,056 | -€3,713 | -31.5% |
| Cash at bank and in hand | 54/58 | €1,285 | €393 | -€892 | -69.4% |
| Total equity and liabilities | 10/49 | €13,054 | €8,449 | -€4,605 | -35.3% |
| Equity | 10/15 | -€15,347 | -€17,694 | -€2,347 | -15.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,347 | -€26,694 | -€2,347 | -9.6% |
| Amounts payable | 17/49 | €28,401 | €26,143 | -€2,259 | -8.0% |
| Amounts payable within one year | 42/48 | €28,401 | €26,143 | -€2,259 | -8.0% |
| Trade debts | 44 | €726 | €3,429 | +€2,703 | +372% |
| Suppliers | 440/4 | €726 | €3,429 | +€2,703 | +372% |
| Other amounts payable | 47/48 | €27,675 | €22,714 | -€4,961 | -17.9% |
| Other operating charges | 640/8 | €128 | - | -€128 | |
| Gross operating margin | 9900 | -€5,324 | -€2,279 | +€3,045 | +57.2% |
| Operating profit (loss) | 9901 | -€5,452 | -€2,279 | +€3,173 | +58.2% |
| Financial charges | 65/66B | €61 | €68 | +€7 | +11.4% |
| Recurring financial charges | 65 | €61 | €68 | +€7 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,513 | -€2,347 | +€3,166 | +57.4% |
| Profit (loss) for the period | 9904 | -€5,513 | -€2,347 | +€3,166 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,513 | -€2,347 | +€3,166 | +57.4% |
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 23 October 2026 via checked.be.