TAWI: 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.
TAWI
Largest movements
- Cash -€102,417
down €102,417 (-77.7%), from €131,756 to €29,339
mainly Investment in fixed assets (net) (-€79,867) and Receivables within one year (-€72,240)
- Receivables within one year +€72,240
up €72,240 (+141%), from €51,262 to €123,502
of which Other amounts receivable: +€64,183
- Tangible fixed assets +€57,933
up €57,933 (+161%), from €35,962 to €93,895
of which Other tangible fixed assets: +€49,328
- Intangible fixed assets -€43,350
down €43,350 (-34.2%), from €126,600 to €83,250
- Debts after one year -€60,000
down €60,000 (-60.0%), from €100,000 to €40,000
- Accrued charges and deferred income +€40,700
up €40,700 (+8,515%), from €478 to €41,178
- Reserves +€19,287
up €19,287 (+10.6%), from €181,761 to €201,048
of which Distributable reserves: +€19,287
- Tax, wage and social debts -€18,838
down €18,838 (-79.8%), from €23,609 to €4,771
of which Taxes: -€9,691
- Trade debts +€7,456
up €7,456 (+30.2%), from €24,679 to €32,135
- Staff costs +€38,511
up €38,511 (+46.5%), from €82,746 to €121,257
- Gross operating margin -€35,761
down €35,761 (-14.2%), from €252,319 to €216,557
- Depreciation -€27,658
down €27,658 (-29.8%), from €92,941 to €65,284
- Taxes -€9,494
down €9,494 (-67.0%), from €14,162 to €4,668
- Other operating charges -€4,451
down €4,451 (-68.1%), from €6,532 to €2,081
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 | €345,580 | €332,151 | -€13,429 | -3.9% |
| Fixed assets | 21/28 | €162,562 | €177,145 | +€14,583 | +9.0% |
| Intangible fixed assets | 21 | €126,600 | €83,250 | -€43,350 | -34.2% |
| Tangible fixed assets | 22/27 | €35,962 | €93,895 | +€57,933 | +161% |
| Land and buildings | 22 | €4,120 | €3,400 | -€720 | -17.5% |
| Plant, machinery and equipment | 23 | €2,748 | €9,907 | +€7,159 | +261% |
| Furniture and vehicles | 24 | €3,996 | €6,162 | +€2,166 | +54.2% |
| Other tangible fixed assets | 26 | €25,098 | €74,426 | +€49,328 | +197% |
| Current assets | 29/58 | €183,018 | €155,006 | -€28,012 | -15.3% |
| Amounts receivable within one year | 40/41 | €51,262 | €123,502 | +€72,240 | +141% |
| Trade receivables | 40 | €35,290 | €43,347 | +€8,057 | +22.8% |
| Other amounts receivable | 41 | €15,972 | €80,155 | +€64,183 | +402% |
| Cash at bank and in hand | 54/58 | €131,756 | €29,339 | -€102,417 | -77.7% |
| Deferred charges and accrued income | 490/1 | - | €2,165 | +€2,165 | |
| Total equity and liabilities | 10/49 | €345,580 | €332,151 | -€13,429 | -3.9% |
| Equity | 10/15 | €194,755 | €214,042 | +€19,287 | +9.9% |
| Contributions | 10/11 | €12,994 | €12,994 | = | 0.0% |
| Reserves | 13 | €181,761 | €201,048 | +€19,287 | +10.6% |
| Tax-exempt reserves | 132 | €2,965 | €2,965 | = | 0.0% |
| Distributable reserves | 133 | €178,796 | €198,083 | +€19,287 | +10.8% |
| Amounts payable | 17/49 | €150,825 | €118,109 | -€32,716 | -21.7% |
| Amounts payable after more than one year | 17 | €100,000 | €40,000 | -€60,000 | -60.0% |
| Financial debts | 170/4 | €100,000 | €40,000 | -€60,000 | -60.0% |
| Amounts payable within one year | 42/48 | €50,347 | €36,931 | -€13,416 | -26.6% |
| Trade debts | 44 | €24,679 | €32,135 | +€7,456 | +30.2% |
| Suppliers | 440/4 | €24,679 | €32,135 | +€7,456 | +30.2% |
| Taxes, remuneration and social security | 45 | €23,609 | €4,771 | -€18,838 | -79.8% |
| Taxes | 450/3 | €14,462 | €4,771 | -€9,691 | -67.0% |
| Remuneration and social security | 454/9 | €9,147 | - | -€9,147 | |
| Other amounts payable | 47/48 | €2,059 | €25 | -€2,034 | -98.8% |
| Accrued charges and deferred income | 492/3 | €478 | €41,178 | +€40,700 | +8,515% |
| Remuneration, social security and pensions | 62 | €82,746 | €121,257 | +€38,511 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,941 | €65,284 | -€27,658 | -29.8% |
| Other operating charges | 640/8 | €6,532 | €2,081 | -€4,451 | -68.1% |
| Non-recurring operating charges | 66A | - | €989 | +€989 | |
| Gross operating margin | 9900 | €252,319 | €216,557 | -€35,761 | -14.2% |
| Operating profit (loss) | 9901 | €70,100 | €26,947 | -€43,153 | -61.6% |
| Financial income | 75/76B | €523 | €1,427 | +€904 | +173% |
| Recurring financial income | 75 | €523 | €1,427 | +€904 | +173% |
| Financial charges | 65/66B | €6,304 | €4,419 | -€1,885 | -29.9% |
| Recurring financial charges | 65 | €6,304 | €4,419 | -€1,885 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €64,319 | €23,955 | -€40,363 | -62.8% |
| Income taxes | 67/77 | €14,162 | €4,668 | -€9,494 | -67.0% |
| Profit (loss) for the period | 9904 | €50,156 | €19,287 | -€30,869 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,156 | €19,287 | -€30,869 | -61.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.