TIWALA: 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.
TIWALA
Largest movements
- Cash +€18,394
up €18,394 (+15.6%), from €117,798 to €136,192
mainly Net result for the year (+€53,644) and Other debts (+€14,779)
- Tangible fixed assets -€8,884
down €8,884 (-49.5%), from €17,958 to €9,074
of which Furniture and vehicles: -€7,576
- Receivables within one year +€8,382
up €8,382 (+23.1%), from €36,326 to €44,707
of which Trade receivables: +€11,967
- Profit (loss) carried forward +€18,644
up €18,644 (+48.6%), from €38,334 to €56,978
- Other debts +€14,779
up €14,779 (+13.8%), from €106,982 to €121,762
- Tax, wage and social debts -€7,586
down €7,586 (-45.6%), from €16,630 to €9,045
- Trade debts -€3,265
down €3,265 (-81.9%), from €3,985 to €720
- Current portion of long-term debt -€2,973
down €2,973 (-100.0%), from €2,973 to €0
- Gross operating margin +€6,589
up €6,589 (+9.4%), from €70,431 to €77,020
- Taxes +€1,444
up €1,444 (+11.9%), from €12,141 to €13,585
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 | €173,136 | €191,004 | +€17,868 | +10.3% |
| Fixed assets | 21/28 | €17,958 | €9,074 | -€8,884 | -49.5% |
| Tangible fixed assets | 22/27 | €17,958 | €9,074 | -€8,884 | -49.5% |
| Plant, machinery and equipment | 23 | €5,581 | €4,272 | -€1,308 | -23.4% |
| Furniture and vehicles | 24 | €12,378 | €4,802 | -€7,576 | -61.2% |
| Current assets | 29/58 | €155,178 | €181,930 | +€26,753 | +17.2% |
| Amounts receivable within one year | 40/41 | €36,326 | €44,707 | +€8,382 | +23.1% |
| Trade receivables | 40 | €30,467 | €42,433 | +€11,967 | +39.3% |
| Other amounts receivable | 41 | €5,859 | €2,274 | -€3,585 | -61.2% |
| Cash at bank and in hand | 54/58 | €117,798 | €136,192 | +€18,394 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,054 | €1,031 | -€23 | -2.2% |
| Total equity and liabilities | 10/49 | €173,136 | €191,004 | +€17,868 | +10.3% |
| Equity | 10/15 | €40,834 | €59,478 | +€18,644 | +45.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,334 | €56,978 | +€18,644 | +48.6% |
| Amounts payable | 17/49 | €132,302 | €131,526 | -€776 | -0.6% |
| Amounts payable after more than one year | 17 | €1,188 | €0 | -€1,188 | -100.0% |
| Financial debts | 170/4 | €1,188 | €0 | -€1,188 | -100.0% |
| Amounts payable within one year | 42/48 | €130,571 | €131,526 | +€956 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €2,973 | €0 | -€2,973 | -100.0% |
| Trade debts | 44 | €3,985 | €720 | -€3,265 | -81.9% |
| Suppliers | 440/4 | €3,985 | €720 | -€3,265 | -81.9% |
| Taxes, remuneration and social security | 45 | €16,630 | €9,045 | -€7,586 | -45.6% |
| Taxes | 450/3 | €16,630 | €9,045 | -€7,586 | -45.6% |
| Other amounts payable | 47/48 | €106,982 | €121,762 | +€14,779 | +13.8% |
| Accrued charges and deferred income | 492/3 | €544 | €0 | -€544 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,724 | €8,884 | +€161 | +1.8% |
| Other operating charges | 640/8 | €906 | €731 | -€175 | -19.4% |
| Gross operating margin | 9900 | €70,431 | €77,020 | +€6,589 | +9.4% |
| Operating profit (loss) | 9901 | €60,801 | €67,404 | +€6,604 | +10.9% |
| Financial charges | 65/66B | €766 | €175 | -€591 | -77.1% |
| Recurring financial charges | 65 | €766 | €175 | -€591 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €60,034 | €67,229 | +€7,195 | +12.0% |
| Income taxes | 67/77 | €12,141 | €13,585 | +€1,444 | +11.9% |
| Profit (loss) for the period | 9904 | €47,893 | €53,644 | +€5,751 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,893 | €53,644 | +€5,751 | +12.0% |
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 4 October 2026 via checked.be.