TW Service: 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 Service
Largest movements
- Cash -€11,796
down €11,796 (-53.6%), from €21,991 to €10,196
mainly Investment in fixed assets (net) (-€31,355) and Debts after one year (-€22,689)
- Debts after one year -€22,689
down €22,689 (-2.2%), from €1.0m to €1.0m
- Profit (loss) carried forward +€11,620
up €11,620 (+46.1%), from -€25,189 to -€13,569
- Gross operating margin -€5,342
down €5,342 (-10.5%), from €50,713 to €45,371
- Depreciation +€4,054
up €4,054 (+17.0%), from €23,815 to €27,870
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 | €1,048,227 | €1,036,423 | -€11,804 | -1.1% |
| Fixed assets | 21/28 | €962,112 | €965,598 | +€3,485 | +0.4% |
| Tangible fixed assets | 22/27 | €961,362 | €964,848 | +€3,485 | +0.4% |
| Land and buildings | 22 | €961,362 | €960,568 | -€794 | -0.1% |
| Plant, machinery and equipment | 23 | - | €4,280 | +€4,280 | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €86,115 | €70,826 | -€15,289 | -17.8% |
| Amounts receivable within one year | 40/41 | €14,123 | €5,018 | -€9,105 | -64.5% |
| Trade receivables | 40 | €14,029 | €5,018 | -€9,011 | -64.2% |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €21,991 | €10,196 | -€11,796 | -53.6% |
| Deferred charges and accrued income | 490/1 | €50,000 | €55,612 | +€5,612 | +11.2% |
| Total equity and liabilities | 10/49 | €1,048,227 | €1,036,423 | -€11,804 | -1.1% |
| Equity | 10/15 | -€22,689 | -€11,069 | +€11,620 | +51.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,189 | -€13,569 | +€11,620 | +46.1% |
| Amounts payable | 17/49 | €1,070,916 | €1,047,493 | -€23,423 | -2.2% |
| Amounts payable after more than one year | 17 | €1,033,145 | €1,010,456 | -€22,689 | -2.2% |
| Financial debts | 170/4 | €1,033,145 | €1,010,456 | -€22,689 | -2.2% |
| Amounts payable within one year | 42/48 | €37,771 | €37,037 | -€734 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €32,667 | €32,667 | = | 0.0% |
| Trade debts | 44 | €572 | - | -€572 | |
| Suppliers | 440/4 | €572 | - | -€572 | |
| Advances received on contracts in progress | 46 | €4,250 | €1,250 | -€3,000 | -70.6% |
| Taxes, remuneration and social security | 45 | - | €2,161 | +€2,161 | |
| Taxes | 450/3 | - | €2,161 | +€2,161 | |
| Other amounts payable | 47/48 | €283 | €959 | +€676 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,815 | €27,870 | +€4,054 | +17.0% |
| Other operating charges | 640/8 | €7 | €131 | +€124 | +1,771% |
| Gross operating margin | 9900 | €50,713 | €45,371 | -€5,342 | -10.5% |
| Operating profit (loss) | 9901 | €26,891 | €17,371 | -€9,520 | -35.4% |
| Financial charges | 65/66B | €5,271 | €5,751 | +€480 | +9.1% |
| Recurring financial charges | 65 | €5,271 | €5,751 | +€480 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €21,620 | €11,620 | -€10,000 | -46.3% |
| Profit (loss) for the period | 9904 | €21,620 | €11,620 | -€10,000 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,620 | €11,620 | -€10,000 | -46.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.