TeWa Projects & Consulting: 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.
TeWa Projects & Consulting
Largest movements
- Cash +€29,135
up €29,135 (+87.7%), from €33,227 to €62,362
mainly Other debts (+€65,314) and Net result for the year (+€38,906)
- Tangible fixed assets -€4,988
down €4,988 (-33.8%), from €14,756 to €9,767
of which Furniture and vehicles: -€5,083
- Receivables within one year -€4,418
down €4,418 (-23.8%), from €18,536 to €14,118
of which Other amounts receivable: -€3,951
- Deferred charges and accrued income -€1,793
down €1,793 (-90.1%), from €1,990 to €197
- Other debts +€65,314
new in 2025: €65,314
- Reserves -€45,495
down €45,495 (-92.1%), from €49,401 to €3,906
- Trade debts -€2,996
down €2,996 (-71.9%), from €4,165 to €1,170
- Tax, wage and social debts +€923
up €923 (+9.3%), from €9,942 to €10,865
of which Remuneration and social security: +€2,771
- Gross operating margin +€26,419
up €26,419 (+85.7%), from €30,819 to €57,238
- Taxes +€5,125
up €5,125 (+78.6%), from €6,522 to €11,647
- Financial charges -€717
down €717 (-27.1%), from €2,643 to €1,926
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 | €68,508 | €86,444 | +€17,936 | +26.2% |
| Fixed assets | 21/28 | €14,756 | €9,767 | -€4,988 | -33.8% |
| Tangible fixed assets | 22/27 | €14,756 | €9,767 | -€4,988 | -33.8% |
| Plant, machinery and equipment | 23 | €1,101 | €1,195 | +€94 | +8.6% |
| Furniture and vehicles | 24 | €13,655 | €8,572 | -€5,083 | -37.2% |
| Current assets | 29/58 | €53,753 | €76,677 | +€22,924 | +42.6% |
| Amounts receivable within one year | 40/41 | €18,536 | €14,118 | -€4,418 | -23.8% |
| Trade receivables | 40 | €14,585 | €14,118 | -€467 | -3.2% |
| Other amounts receivable | 41 | €3,951 | - | -€3,951 | |
| Cash at bank and in hand | 54/58 | €33,227 | €62,362 | +€29,135 | +87.7% |
| Deferred charges and accrued income | 490/1 | €1,990 | €197 | -€1,793 | -90.1% |
| Total equity and liabilities | 10/49 | €68,508 | €86,444 | +€17,936 | +26.2% |
| Equity | 10/15 | €54,401 | €8,906 | -€45,495 | -83.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,401 | €3,906 | -€45,495 | -92.1% |
| Distributable reserves | 133 | €49,401 | €3,906 | -€45,495 | -92.1% |
| Amounts payable | 17/49 | €14,107 | €77,538 | +€63,431 | +450% |
| Amounts payable within one year | 42/48 | €14,107 | €77,348 | +€63,241 | +448% |
| Trade debts | 44 | €4,165 | €1,170 | -€2,996 | -71.9% |
| Suppliers | 440/4 | €4,165 | €1,170 | -€2,996 | -71.9% |
| Taxes, remuneration and social security | 45 | €9,942 | €10,865 | +€923 | +9.3% |
| Taxes | 450/3 | €9,942 | €8,093 | -€1,849 | -18.6% |
| Remuneration and social security | 454/9 | - | €2,771 | +€2,771 | |
| Other amounts payable | 47/48 | - | €65,314 | +€65,314 | |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,979 | €3,349 | +€370 | +12.4% |
| Other operating charges | 640/8 | €424 | €492 | +€68 | +16.0% |
| Non-recurring operating charges | 66A | - | €919 | +€919 | |
| Gross operating margin | 9900 | €30,819 | €57,238 | +€26,419 | +85.7% |
| Operating profit (loss) | 9901 | €27,416 | €52,478 | +€25,062 | +91.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,643 | €1,926 | -€717 | -27.1% |
| Recurring financial charges | 65 | €2,643 | €1,926 | -€717 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €24,774 | €50,552 | +€25,779 | +104% |
| Income taxes | 67/77 | €6,522 | €11,647 | +€5,125 | +78.6% |
| Profit (loss) for the period | 9904 | €18,252 | €38,906 | +€20,654 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €18,252 | €38,906 | +€20,654 | +113% |
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 20 October 2026 via checked.be.