TOWANDA: 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.
TOWANDA
Largest movements
- Stocks and contracts -€2,758
down €2,758 (-1.7%), from €165,773 to €163,016
- Cash +€2,147
up €2,147 (+342.3%), from €627 to €2,774
mainly Other debts (+€4,593) and Trade debts (+€3,476)
- Profit (loss) carried forward -€6,945
down €6,945 (-1.5%), from -€451,251 to -€458,195
- Other debts +€4,593
up €4,593 (+0.9%), from €519,980 to €524,573
- Trade debts +€3,476
up €3,476 (+2236.6%), from €155 to €3,632
- Gross operating margin -€17,801
down €17,801, from €12,817 to -€4,984
- Financial charges -€521
down €521 (-35.1%), from €1,488 to €966
- Depreciation -€437
down €437 (-42.4%), from €1,031 to €594
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,986 | €170,404 | +€418 | +0.2% |
| Fixed assets | 21/28 | €594 | €0 | -€594 | -100.0% |
| Intangible fixed assets | 21 | €482 | €0 | -€482 | -100.0% |
| Tangible fixed assets | 22/27 | €112 | €0 | -€112 | -100.0% |
| Furniture and vehicles | 24 | €112 | €0 | -€112 | -100.0% |
| Current assets | 29/58 | €169,391 | €170,404 | +€1,013 | +0.6% |
| Stocks and contracts in progress | 3 | €165,773 | €163,016 | -€2,758 | -1.7% |
| Stocks | 30/36 | €165,773 | €163,016 | -€2,758 | -1.7% |
| Amounts receivable within one year | 40/41 | €962 | €2,194 | +€1,231 | +128.0% |
| Trade receivables | 40 | €921 | €1,795 | +€874 | +94.9% |
| Other amounts receivable | 41 | €41 | €399 | +€358 | +872.7% |
| Cash at bank and in hand | 54/58 | €627 | €2,774 | +€2,147 | +342.3% |
| Deferred charges and accrued income | 490/1 | €2,029 | €2,421 | +€392 | +19.3% |
| Total equity and liabilities | 10/49 | €169,986 | €170,404 | +€418 | +0.2% |
| Equity | 10/15 | -€350,856 | -€357,801 | -€6,945 | -2.0% |
| Contributions | 10/11 | €99,155 | €99,155 | = | 0.0% |
| Capital | 10 | €99,155 | €99,155 | = | 0.0% |
| Issued capital | 100 | €99,155 | €99,155 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Legal reserve | 130 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€451,251 | -€458,195 | -€6,945 | -1.5% |
| Amounts payable | 17/49 | €520,842 | €528,205 | +€7,363 | +1.4% |
| Amounts payable within one year | 42/48 | €520,842 | €528,205 | +€7,363 | +1.4% |
| Trade debts | 44 | €155 | €3,632 | +€3,476 | +2236.6% |
| Suppliers | 440/4 | €155 | €3,632 | +€3,476 | +2236.6% |
| Taxes, remuneration and social security | 45 | €706 | €0 | -€706 | -100.0% |
| Taxes | 450/3 | €706 | €0 | -€706 | -100.0% |
| Other amounts payable | 47/48 | €519,980 | €524,573 | +€4,593 | +0.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031 | €594 | -€437 | -42.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €12,817 | -€4,984 | -€17,801 | |
| Operating profit (loss) | 9901 | €11,398 | -€5,978 | -€17,377 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €1,488 | €966 | -€521 | -35.1% |
| Recurring financial charges | 65 | €1,488 | €966 | -€521 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €9,917 | -€6,945 | -€16,861 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €9,917 | -€6,945 | -€16,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,917 | -€6,945 | -€16,861 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.