TW INVEST: 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.
TW INVEST
Largest movements
- Cash +€66,877
up €66,877 (+54.7%), from €122,345 to €189,222
mainly Net result for the year (+€62,532) and Receivables within one year (+€14,624)
- Receivables after one year +€20,000
new in 2025: €20,000
- Receivables within one year -€14,624
down €14,624 (-39.9%), from €36,608 to €21,985
of which Trade receivables: -€14,600
- Deferred charges and accrued income -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward +€62,532
up €62,532 (+44.2%), from €141,466 to €203,998
- Trade debts +€4,444
up €4,444 (+444%), from €1,001 to €5,446
- Gross operating margin -€22,850
down €22,850 (-21.1%), from €108,391 to €85,541
- Taxes -€5,976
down €5,976 (-26.4%), from €22,658 to €16,681
- Financial charges +€4,205
up €4,205 (+998%), from €421 to €4,626
of which Non-recurring financial charges: +€4,040
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 | €163,953 | €231,207 | +€67,254 | +41.0% |
| Current assets | 29/58 | €163,953 | €231,207 | +€67,254 | +41.0% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €36,608 | €21,985 | -€14,624 | -39.9% |
| Trade receivables | 40 | €32,266 | €17,666 | -€14,600 | -45.2% |
| Other amounts receivable | 41 | €4,342 | €4,319 | -€24 | -0.5% |
| Cash at bank and in hand | 54/58 | €122,345 | €189,222 | +€66,877 | +54.7% |
| Deferred charges and accrued income | 490/1 | €5,000 | - | -€5,000 | |
| Total equity and liabilities | 10/49 | €163,953 | €231,207 | +€67,254 | +41.0% |
| Equity | 10/15 | €142,466 | €204,998 | +€62,532 | +43.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,466 | €203,998 | +€62,532 | +44.2% |
| Amounts payable | 17/49 | €21,487 | €26,209 | +€4,722 | +22.0% |
| Amounts payable within one year | 42/48 | €21,487 | €26,209 | +€4,722 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €9,404 | €9,387 | -€18 | -0.2% |
| Trade debts | 44 | €1,001 | €5,446 | +€4,444 | +444% |
| Suppliers | 440/4 | €1,001 | €5,446 | +€4,444 | +444% |
| Taxes, remuneration and social security | 45 | €8,793 | €8,908 | +€114 | +1.3% |
| Taxes | 450/3 | €8,793 | €8,908 | +€114 | +1.3% |
| Other amounts payable | 47/48 | €2,288 | €2,469 | +€181 | +7.9% |
| Remuneration, social security and pensions | 62 | €1,493 | €1,493 | = | 0.0% |
| Other operating charges | 640/8 | €85 | €210 | +€125 | +147% |
| Gross operating margin | 9900 | €108,391 | €85,541 | -€22,850 | -21.1% |
| Operating profit (loss) | 9901 | €106,813 | €83,838 | -€22,975 | -21.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €421 | €4,626 | +€4,205 | +998% |
| Recurring financial charges | 65 | €421 | €587 | +€165 | +39.2% |
| Non-recurring financial charges | 66B | - | €4,040 | +€4,040 | |
| Profit (loss) for the period before taxes | 9903 | €106,392 | €79,213 | -€27,179 | -25.5% |
| Income taxes | 67/77 | €22,658 | €16,681 | -€5,976 | -26.4% |
| Profit (loss) for the period | 9904 | €83,734 | €62,532 | -€21,203 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,734 | €62,532 | -€21,203 | -25.3% |
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 29 October 2026 via checked.be.