TAWODY: 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.
TAWODY
Largest movements
- Cash +€12,164
up €12,164 (+10.5%), from €115,558 to €127,721
mainly Other debts (+€13,898) and Net result for the year (+€12,641)
- Receivables within one year -€2,171
down €2,171 (-17.3%), from €12,551 to €10,380
of which Trade receivables: -€1,834
- Other debts +€13,898
up €13,898 (+766%), from €1,815 to €15,713
- Reserves -€2,337
down €2,337 (-4.0%), from €58,342 to €56,005
- Gross operating margin -€4,847
down €4,847 (-21.4%), from €22,653 to €17,805
- Financial income +€826
up €826 (+333%), from €248 to €1,073
- Taxes -€517
down €517 (-8.7%), from €5,925 to €5,408
- Depreciation -€510
down €510 (-43.6%), from €1,169 to €659
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 | €166,183 | €177,524 | +€11,341 | +6.8% |
| Fixed assets | 21/28 | €1,127 | €2,462 | +€1,335 | +118% |
| Tangible fixed assets | 22/27 | €1,127 | €2,462 | +€1,335 | +118% |
| Furniture and vehicles | 24 | €1,127 | €2,462 | +€1,335 | +118% |
| Current assets | 29/58 | €165,056 | €175,062 | +€10,006 | +6.1% |
| Amounts receivable within one year | 40/41 | €12,551 | €10,380 | -€2,171 | -17.3% |
| Trade receivables | 40 | €11,289 | €9,456 | -€1,834 | -16.2% |
| Other amounts receivable | 41 | €1,261 | €924 | -€337 | -26.7% |
| Current investments | 50/53 | €36,000 | €36,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,558 | €127,721 | +€12,164 | +10.5% |
| Deferred charges and accrued income | 490/1 | €948 | €960 | +€13 | +1.3% |
| Total equity and liabilities | 10/49 | €166,183 | €177,524 | +€11,341 | +6.8% |
| Equity | 10/15 | €151,817 | €150,637 | -€1,180 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,342 | €56,005 | -€2,337 | -4.0% |
| Distributable reserves | 133 | €58,342 | €56,005 | -€2,337 | -4.0% |
| Profit (loss) carried forward | 14 | €87,275 | €88,432 | +€1,157 | +1.3% |
| Amounts payable | 17/49 | €14,366 | €26,887 | +€12,521 | +87.2% |
| Amounts payable within one year | 42/48 | €14,355 | €26,887 | +€12,532 | +87.3% |
| Trade debts | 44 | €5,659 | €5,920 | +€261 | +4.6% |
| Suppliers | 440/4 | €5,659 | €5,920 | +€261 | +4.6% |
| Taxes, remuneration and social security | 45 | €6,881 | €5,254 | -€1,628 | -23.7% |
| Taxes | 450/3 | €6,881 | €5,254 | -€1,628 | -23.7% |
| Other amounts payable | 47/48 | €1,815 | €15,713 | +€13,898 | +766% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,169 | €659 | -€510 | -43.6% |
| Other operating charges | 640/8 | €123 | €116 | -€7 | -5.8% |
| Gross operating margin | 9900 | €22,653 | €17,805 | -€4,847 | -21.4% |
| Operating profit (loss) | 9901 | €21,360 | €17,030 | -€4,330 | -20.3% |
| Financial income | 75/76B | €248 | €1,073 | +€826 | +333% |
| Recurring financial income | 75 | €248 | €1,073 | +€826 | +333% |
| Financial charges | 65/66B | €75 | €54 | -€21 | -27.7% |
| Recurring financial charges | 65 | €75 | €54 | -€21 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €21,533 | €18,050 | -€3,484 | -16.2% |
| Income taxes | 67/77 | €5,925 | €5,408 | -€517 | -8.7% |
| Profit (loss) for the period | 9904 | €15,608 | €12,641 | -€2,967 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,608 | €12,641 | -€2,967 | -19.0% |
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 15 October 2026 via checked.be.