TIWITRANS: 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.
TIWITRANS
Largest movements
- Tangible fixed assets +€53,363
up €53,363 (+113.5%), from €47,030 to €100,392
of which Furniture and vehicles: +€63,660
- Receivables after one year -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Financial fixed assets +€9,000
new in 2025: €9,000
- Receivables within one year -€7,394
down €7,394 (-17.1%), from €43,360 to €35,965
of which Trade receivables: -€5,991
- Cash +€5,133
up €5,133 (+7.8%), from €65,560 to €70,693
mainly Debts after one year (+€42,290) and Receivables after one year (+€30,000)
- Debts after one year +€42,290
new in 2025: €42,290
of which Financial debts: +€33,290
- Reserves -€17,087
down €17,087 (-10.2%), from €167,154 to €150,067
of which Distributable reserves: -€17,087
- Current portion of long-term debt +€9,649
new in 2025: €9,649
- Tax, wage and social debts -€4,301
down €4,301 (-41.8%), from €10,297 to €5,996
of which Taxes: -€4,301
- Depreciation +€10,262
up €10,262 (+67.0%), from €15,325 to €25,587
- Taxes -€3,577
down €3,577 (-37.5%), from €9,534 to €5,957
- Gross operating margin +€2,980
up €2,980 (+6.2%), from €48,129 to €51,109
- Other operating charges +€2,691
up €2,691 (+83.7%), from €3,215 to €5,906
- Financial charges +€1,103
up €1,103 (+364.1%), from €303 to €1,406
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 | €192,895 | €223,571 | +€30,676 | +15.9% |
| Fixed assets | 21/28 | €47,030 | €109,392 | +€62,363 | +132.6% |
| Tangible fixed assets | 22/27 | €47,030 | €100,392 | +€53,363 | +113.5% |
| Land and buildings | 22 | €14,437 | €10,357 | -€4,080 | -28.3% |
| Plant, machinery and equipment | 23 | €839 | €2,771 | +€1,933 | +230.5% |
| Furniture and vehicles | 24 | €1,082 | €64,743 | +€63,660 | +5881.2% |
| Other tangible fixed assets | 26 | €30,672 | €22,522 | -€8,150 | -26.6% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €145,865 | €114,179 | -€31,687 | -21.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €43,360 | €35,965 | -€7,394 | -17.1% |
| Trade receivables | 40 | €36,175 | €30,184 | -€5,991 | -16.6% |
| Other amounts receivable | 41 | €7,185 | €5,782 | -€1,403 | -19.5% |
| Cash at bank and in hand | 54/58 | €65,560 | €70,693 | +€5,133 | +7.8% |
| Deferred charges and accrued income | 490/1 | €6,946 | €7,521 | +€574 | +8.3% |
| Total equity and liabilities | 10/49 | €192,895 | €223,571 | +€30,676 | +15.9% |
| Equity | 10/15 | €173,354 | €156,267 | -€17,087 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,154 | €150,067 | -€17,087 | -10.2% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €158,154 | €141,067 | -€17,087 | -10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,541 | €67,304 | +€47,763 | +244.4% |
| Amounts payable after more than one year | 17 | - | €42,290 | +€42,290 | |
| Financial debts | 170/4 | - | €33,290 | +€33,290 | |
| Other amounts payable | 178/9 | - | €9,000 | +€9,000 | |
| Amounts payable within one year | 42/48 | €19,541 | €25,014 | +€5,473 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,649 | +€9,649 | |
| Financial debts | 43 | €936 | €570 | -€366 | -39.1% |
| Credit institutions | 430/8 | €936 | €570 | -€366 | -39.1% |
| Trade debts | 44 | €6,976 | €8,426 | +€1,450 | +20.8% |
| Suppliers | 440/4 | €6,976 | €8,426 | +€1,450 | +20.8% |
| Taxes, remuneration and social security | 45 | €10,297 | €5,996 | -€4,301 | -41.8% |
| Taxes | 450/3 | €10,297 | €5,996 | -€4,301 | -41.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,332 | €374 | -€959 | -72.0% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,325 | €25,587 | +€10,262 | +67.0% |
| Other operating charges | 640/8 | €3,215 | €5,906 | +€2,691 | +83.7% |
| Gross operating margin | 9900 | €48,129 | €51,109 | +€2,980 | +6.2% |
| Operating profit (loss) | 9901 | €29,589 | €19,616 | -€9,973 | -33.7% |
| Financial income | 75/76B | €1,238 | €697 | -€541 | -43.7% |
| Recurring financial income | 75 | €1,238 | €697 | -€541 | -43.7% |
| Financial charges | 65/66B | €303 | €1,406 | +€1,103 | +364.1% |
| Recurring financial charges | 65 | €303 | €1,406 | +€1,103 | +364.1% |
| Profit (loss) for the period before taxes | 9903 | €30,524 | €18,907 | -€11,617 | -38.1% |
| Income taxes | 67/77 | €9,534 | €5,957 | -€3,577 | -37.5% |
| Profit (loss) for the period | 9904 | €20,990 | €12,950 | -€8,040 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,990 | €12,950 | -€8,040 | -38.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.