TAWSS: what changed
Two fiscal 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.
TAWSS
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+27.5%), from €5.3m to €6.8m
- Receivables within one year +€1.2m
up €1.2m (+46.2%), from €2.7m to €3.9m
of which Other amounts receivable: +€1.3m
- Tangible fixed assets -€266,244
down €266,244 (-3.6%), from €7.5m to €7.2m
of which Land and buildings: -€266,244
- Debts after one year +€2.3m
up €2.3m (+15.7%), from €14.6m to €16.9m
of which Other amounts payable: +€2.5m
- Gross operating margin +€47,115
up €47,115 (+11.1%), from €426,303 to €473,418
- Other operating charges -€38,922
down €38,922 (-35.5%), from €109,706 to €70,784
- Financial income +€19,884
up €19,884 (+17.1%), from €116,239 to €136,124
- Financial charges +€14,134
up €14,134 (+18.2%), from €77,493 to €91,627
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 | €15,654,746 | €18,107,657 | +€2.5m | +15.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,759,373 | €13,954,239 | +€1.2m | +9.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,453,844 | €7,187,600 | -€266,244 | -3.6% |
| Land and buildings | 22 | €7,453,844 | €7,187,600 | -€266,244 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,305,529 | €6,766,640 | +€1.5m | +27.5% |
| Current assets | 29/58 | €2,895,373 | €4,153,418 | +€1.3m | +43.5% |
| Stocks and contracts in progress | 3 | €108,820 | €103,486 | -€5,334 | -4.9% |
| Stocks | 30/36 | €108,820 | €103,486 | -€5,334 | -4.9% |
| Amounts receivable within one year | 40/41 | €2,682,659 | €3,921,266 | +€1.2m | +46.2% |
| Trade receivables | 40 | €78,648 | €42,004 | -€36,644 | -46.6% |
| Other amounts receivable | 41 | €2,604,012 | €3,879,263 | +€1.3m | +49.0% |
| Cash at bank and in hand | 54/58 | €66,828 | €84,565 | +€17,737 | +26.5% |
| Deferred charges and accrued income | 490/1 | €37,066 | €44,101 | +€7,035 | +19.0% |
| Total equity and liabilities | 10/49 | €15,654,746 | €18,107,657 | +€2.5m | +15.7% |
| Equity | 10/15 | -€1,277,753 | -€1,113,621 | +€164,132 | +12.8% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,596,353 | -€1,432,221 | +€164,132 | +10.3% |
| Amounts payable | 17/49 | €16,932,499 | €19,221,279 | +€2.3m | +13.5% |
| Amounts payable after more than one year | 17 | €14,626,059 | €16,924,558 | +€2.3m | +15.7% |
| Financial debts | 170/4 | €1,439,524 | €1,250,230 | -€189,294 | -13.1% |
| Other amounts payable | 178/9 | €13,186,535 | €15,674,328 | +€2.5m | +18.9% |
| Amounts payable within one year | 42/48 | €2,306,440 | €2,296,721 | -€9,720 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €185,746 | €189,294 | +€3,548 | +1.9% |
| Financial debts | 43 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000,000 | €2,000,000 | = | 0.0% |
| Trade debts | 44 | €9,907 | €0 | -€9,907 | -100.0% |
| Suppliers | 440/4 | €9,907 | €0 | -€9,907 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,995 | €5,398 | -€1,596 | -22.8% |
| Taxes | 450/3 | €6,995 | €5,398 | -€1,596 | -22.8% |
| Other amounts payable | 47/48 | €103,793 | €102,028 | -€1,765 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,069 | €282,943 | +€874 | +0.3% |
| Other operating charges | 640/8 | €109,706 | €70,784 | -€38,922 | -35.5% |
| Gross operating margin | 9900 | €426,303 | €473,418 | +€47,115 | +11.1% |
| Operating profit (loss) | 9901 | €34,528 | €119,691 | +€85,163 | +246.6% |
| Financial income | 75/76B | €116,239 | €136,124 | +€19,884 | +17.1% |
| Recurring financial income | 75 | €116,239 | €136,124 | +€19,884 | +17.1% |
| Financial charges | 65/66B | €77,493 | €91,627 | +€14,134 | +18.2% |
| Recurring financial charges | 65 | €77,493 | €91,627 | +€14,134 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €73,275 | €164,187 | +€90,913 | +124.1% |
| Income taxes | 67/77 | €2,702 | €55 | -€2,647 | -98.0% |
| Profit (loss) for the period | 9904 | €70,573 | €164,132 | +€93,559 | +132.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,573 | €164,132 | +€93,559 | +132.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.