TIW TIW: 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.
TIW TIW
Largest movements
- Cash +€27,247
up €27,247 (+593%), from €4,596 to €31,842
mainly Net result for the year (+€20,366) and Receivables within one year (+€7,946)
- Receivables within one year -€7,946
down €7,946 (-40.0%), from €19,877 to €11,931
- Tangible fixed assets +€2,843
up €2,843 (+65.3%), from €4,354 to €7,198
of which Plant, machinery and equipment: +€1,685
- Profit (loss) carried forward +€20,366
up €20,366 (+126%), from €16,172 to €36,538
- Trade debts +€3,036
new in 2025: €3,036
- Other debts -€675
down €675 (-38.0%), from €1,775 to €1,101
- Gross operating margin +€4,582
up €4,582 (+20.5%), from €22,379 to €26,960
- Taxes +€985
up €985 (+22.5%), from €4,370 to €5,354
- Depreciation +€981
up €981 (+669%), from €147 to €1,128
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 | €28,827 | €51,133 | +€22,306 | +77.4% |
| Fixed assets | 21/28 | €4,354 | €7,198 | +€2,843 | +65.3% |
| Tangible fixed assets | 22/27 | €4,354 | €7,198 | +€2,843 | +65.3% |
| Land and buildings | 22 | €4,354 | €3,904 | -€450 | -10.3% |
| Plant, machinery and equipment | 23 | - | €1,685 | +€1,685 | |
| Furniture and vehicles | 24 | - | €1,608 | +€1,608 | |
| Current assets | 29/58 | €24,472 | €43,935 | +€19,463 | +79.5% |
| Amounts receivable within one year | 40/41 | €19,877 | €11,931 | -€7,946 | -40.0% |
| Trade receivables | 40 | €19,877 | €11,931 | -€7,946 | -40.0% |
| Cash at bank and in hand | 54/58 | €4,596 | €31,842 | +€27,247 | +593% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €28,827 | €51,133 | +€22,306 | +77.4% |
| Equity | 10/15 | €21,172 | €41,538 | +€20,366 | +96.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,172 | €36,538 | +€20,366 | +126% |
| Amounts payable | 17/49 | €7,655 | €9,595 | +€1,940 | +25.3% |
| Amounts payable within one year | 42/48 | €7,655 | €9,595 | +€1,940 | +25.3% |
| Trade debts | 44 | - | €3,036 | +€3,036 | |
| Suppliers | 440/4 | - | €3,036 | +€3,036 | |
| Taxes, remuneration and social security | 45 | €5,879 | €5,458 | -€422 | -7.2% |
| Taxes | 450/3 | €5,879 | €5,458 | -€422 | -7.2% |
| Other amounts payable | 47/48 | €1,775 | €1,101 | -€675 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | €1,128 | +€981 | +669% |
| Gross operating margin | 9900 | €22,379 | €26,960 | +€4,582 | +20.5% |
| Operating profit (loss) | 9901 | €22,232 | €25,832 | +€3,601 | +16.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €24 | €112 | +€88 | +364% |
| Recurring financial charges | 65 | €24 | €112 | +€88 | +364% |
| Profit (loss) for the period before taxes | 9903 | €22,208 | €25,720 | +€3,513 | +15.8% |
| Income taxes | 67/77 | €4,370 | €5,354 | +€985 | +22.5% |
| Profit (loss) for the period | 9904 | €17,838 | €20,366 | +€2,528 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,838 | €20,366 | +€2,528 | +14.2% |
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 23 October 2026 via checked.be.