THWAINI: 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.
THWAINI
Largest movements
- Cash +€6,756
up €6,756 (+24.2%), from €27,909 to €34,665
mainly Net result for the year (+€15,983)
- Receivables within one year +€688
up €688 (+49.6%), from €1,388 to €2,076
- Profit (loss) carried forward +€15,983
up €15,983 (+66.4%), from €24,056 to €40,039
- Tax, wage and social debts -€6,819
no longer reported in 2025 (was €6,819)
- Other debts -€1,057
down €1,057 (-39.7%), from €2,659 to €1,602
- Turnover -€138,925
no longer reported in 2025 (was €138,925)
- Purchases and services -€114,618
no longer reported in 2025 (was €114,618)
- Taxes +€5,591
new in 2025: €5,591
- Gross operating margin -€2,539
down €2,539 (-10.4%), from €24,307 to €21,768
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 | €45,548 | €53,504 | +€7,956 | +17.5% |
| Current assets | 29/58 | €45,548 | €53,504 | +€7,956 | +17.5% |
| Stocks and contracts in progress | 3 | €16,251 | €16,763 | +€512 | +3.2% |
| Stocks | 30/36 | €16,251 | €16,763 | +€512 | +3.2% |
| Amounts receivable within one year | 40/41 | €1,388 | €2,076 | +€688 | +49.6% |
| Other amounts receivable | 41 | €1,388 | €2,076 | +€688 | +49.6% |
| Cash at bank and in hand | 54/58 | €27,909 | €34,665 | +€6,756 | +24.2% |
| Total equity and liabilities | 10/49 | €45,548 | €53,504 | +€7,956 | +17.5% |
| Equity | 10/15 | €34,056 | €50,039 | +€15,983 | +46.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,056 | €40,039 | +€15,983 | +66.4% |
| Amounts payable | 17/49 | €11,491 | €3,465 | -€8,027 | -69.9% |
| Amounts payable within one year | 42/48 | €11,491 | €3,465 | -€8,027 | -69.9% |
| Trade debts | 44 | €2,014 | €1,862 | -€151 | -7.5% |
| Suppliers | 440/4 | €2,014 | €1,862 | -€151 | -7.5% |
| Taxes, remuneration and social security | 45 | €6,819 | - | -€6,819 | |
| Taxes | 450/3 | €6,819 | - | -€6,819 | |
| Other amounts payable | 47/48 | €2,659 | €1,602 | -€1,057 | -39.7% |
| Turnover | 70 | €138,925 | - | -€138,925 | |
| Goods, raw materials, services and sundry goods | 60/61 | €114,618 | - | -€114,618 | |
| Other operating charges | 640/8 | €168 | €144 | -€24 | -14.2% |
| Gross operating margin | 9900 | €24,307 | €21,768 | -€2,539 | -10.4% |
| Operating profit (loss) | 9901 | €24,139 | €21,623 | -€2,516 | -10.4% |
| Financial charges | 65/66B | €83 | €50 | -€33 | -40.1% |
| Recurring financial charges | 65 | €83 | €50 | -€33 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €24,056 | €21,574 | -€2,482 | -10.3% |
| Income taxes | 67/77 | - | €5,591 | +€5,591 | |
| Profit (loss) for the period | 9904 | €24,056 | €15,983 | -€8,073 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,056 | €15,983 | -€8,073 | -33.6% |
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 6 October 2026 via checked.be.