TW SOLUTIONS: what changed
What changed
TW SOLUTIONS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€132,033
2024 · €45,009+€87,024
Equity
€255,095
2024 · €181,912+€73,183
Cash
€112,905
2024 · €108,805+€4,100
Balance sheet total
€416,265
2024 · €327,571+€88,694
Largest movements
Assets
- Deferred charges and accrued income +€32,300
new in 2025: €32,300
- Receivables within one year +€28,980
up €28,980 (+67.0%), from €43,235 to €72,214
of which Trade receivables: +€16,290
- Tangible fixed assets +€23,365
up €23,365 (+132%), from €17,637 to €41,002
of which Plant, machinery and equipment: +€26,009
Equity and liabilities
- Reserves +€73,183
up €73,183 (+40.2%), from €181,912 to €255,095
- Trade debts +€25,864
up €25,864 (+57.4%), from €45,083 to €70,946
- Current portion of long-term debt -€9,843
down €9,843 (-63.3%), from €15,538 to €5,695
- Debts after one year -€5,695
down €5,695 (-7.2%), from €79,411 to €73,716
- Tax, wage and social debts +€5,533
up €5,533 (+168%), from €3,295 to €8,828
Income statement
- Gross operating margin +€117,713
up €117,713 (+174%), from €67,743 to €185,456
- Taxes +€28,585
up €28,585 (+221%), from €12,915 to €41,500
- Depreciation +€2,316
up €2,316 (+33.7%), from €6,867 to €9,183
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,009
Gross operating margin
+€117,713
Depreciation
-€2,316
Other operating charges
-€50
Financial income
-€62
Financial charges
+€325
Taxes
-€28,585
Result 2025
€132,033
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€111,036
Investment
-€32,548
Financing
-€74,388
Cash 2024
€108,805
From operations (derived)
+€111,036
Net result for the year
+€132,033
Depreciation
+€9,183
Stocks and contracts
+€51
Receivables within one year
-€28,980
Deferred charges and accrued income
-€32,300
Trade debts
+€25,864
Tax, wage and social debts
+€5,533
Other debts
-€347
Investment (derived)
-€32,548
Investment in fixed assets (net)
-€32,548
Financing
-€74,388
Debts after one year
-€5,695
Current portion of long-term debt
-€9,843
Contributions, distributions and other
-€58,850
Cash 2025
€112,905
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,571 | €416,265 | +€88,694 | +27.1% |
| Fixed assets | 21/28 | €17,637 | €41,002 | +€23,365 | +132% |
| Tangible fixed assets | 22/27 | €17,637 | €41,002 | +€23,365 | +132% |
| Land and buildings | 22 | €3,509 | €2,655 | -€854 | -24.3% |
| Plant, machinery and equipment | 23 | €8,294 | €34,304 | +€26,009 | +314% |
| Furniture and vehicles | 24 | €5,834 | €4,044 | -€1,790 | -30.7% |
| Current assets | 29/58 | €309,934 | €375,263 | +€65,329 | +21.1% |
| Stocks and contracts in progress | 3 | €137,894 | €137,843 | -€51 | 0.0% |
| Stocks | 30/36 | €1,551 | €1,500 | -€51 | -3.3% |
| Contracts in progress | 37 | €136,343 | €136,343 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,235 | €72,214 | +€28,980 | +67.0% |
| Trade receivables | 40 | €26,965 | €43,254 | +€16,290 | +60.4% |
| Other amounts receivable | 41 | €16,270 | €28,960 | +€12,690 | +78.0% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,805 | €112,905 | +€4,100 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €32,300 | +€32,300 | |
| Total equity and liabilities | 10/49 | €327,571 | €416,265 | +€88,694 | +27.1% |
| Equity | 10/15 | €181,912 | €255,095 | +€73,183 | +40.2% |
| Reserves | 13 | €181,912 | €255,095 | +€73,183 | +40.2% |
| Distributable reserves | 133 | €181,912 | €255,095 | +€73,183 | +40.2% |
| Amounts payable | 17/49 | €145,658 | €161,170 | +€15,511 | +10.6% |
| Amounts payable after more than one year | 17 | €79,411 | €73,716 | -€5,695 | -7.2% |
| Financial debts | 170/4 | €79,411 | €73,716 | -€5,695 | -7.2% |
| Amounts payable within one year | 42/48 | €66,248 | €87,454 | +€21,206 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €15,538 | €5,695 | -€9,843 | -63.3% |
| Trade debts | 44 | €45,083 | €70,946 | +€25,864 | +57.4% |
| Suppliers | 440/4 | €45,083 | €70,946 | +€25,864 | +57.4% |
| Taxes, remuneration and social security | 45 | €3,295 | €8,828 | +€5,533 | +168% |
| Taxes | 450/3 | €3,295 | €8,828 | +€5,533 | +168% |
| Other amounts payable | 47/48 | €2,332 | €1,985 | -€347 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,867 | €9,183 | +€2,316 | +33.7% |
| Other operating charges | 640/8 | €973 | €1,023 | +€50 | +5.1% |
| Gross operating margin | 9900 | €67,743 | €185,456 | +€117,713 | +174% |
| Operating profit (loss) | 9901 | €59,903 | €175,249 | +€115,347 | +193% |
| Financial income | 75/76B | €1,616 | €1,554 | -€62 | -3.8% |
| Recurring financial income | 75 | €1,616 | €1,554 | -€62 | -3.8% |
| Financial charges | 65/66B | €3,594 | €3,270 | -€325 | -9.0% |
| Recurring financial charges | 65 | €3,594 | €3,270 | -€325 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €57,924 | €173,533 | +€115,609 | +200% |
| Income taxes | 67/77 | €12,915 | €41,500 | +€28,585 | +221% |
| Profit (loss) for the period | 9904 | €45,009 | €132,033 | +€87,024 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €45,009 | €132,033 | +€87,024 | +193% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.