TW Solutions: 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.
TW Solutions
Largest movements
- Tangible fixed assets -€50,343
down €50,343 (-14.4%), from €350,089 to €299,747
of which Land and buildings: -€37,251
- Cash +€44,536
up €44,536 (+384.8%), from €11,572 to €56,108
mainly Depreciation (+€51,105) and Net result for the year (+€29,178)
- Receivables within one year +€19,188
up €19,188 (+48.0%), from €40,008 to €59,196
of which Trade receivables: +€19,117
- Debts after one year -€20,809
down €20,809 (-8.8%), from €236,400 to €215,591
- Other debts +€19,266
up €19,266 (+2256.0%), from €854 to €20,120
- Reserves +€10,038
up €10,038 (+8.0%), from €124,849 to €134,887
- Tax, wage and social debts +€5,967
up €5,967 (+125.7%), from €4,748 to €10,715
- Depreciation +€45,998
up €45,998 (+900.7%), from €5,107 to €51,105
- Gross operating margin +€39,863
up €39,863 (+67.0%), from €59,472 to €99,334
- Financial charges +€8,373
up €8,373 (+1048.9%), from €798 to €9,171
- Taxes -€6,357
down €6,357 (-40.3%), from €15,762 to €9,405
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 | €403,188 | €415,800 | +€12,611 | +3.1% |
| Fixed assets | 21/28 | €350,089 | €299,747 | -€50,343 | -14.4% |
| Tangible fixed assets | 22/27 | €350,089 | €299,747 | -€50,343 | -14.4% |
| Land and buildings | 22 | €291,134 | €253,883 | -€37,251 | -12.8% |
| Furniture and vehicles | 24 | €55,913 | €44,277 | -€11,636 | -20.8% |
| Other tangible fixed assets | 26 | €3,043 | €1,587 | -€1,456 | -47.8% |
| Current assets | 29/58 | €53,099 | €116,053 | +€62,954 | +118.6% |
| Amounts receivable within one year | 40/41 | €40,008 | €59,196 | +€19,188 | +48.0% |
| Trade receivables | 40 | €40,008 | €59,125 | +€19,117 | +47.8% |
| Other amounts receivable | 41 | €0 | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €11,572 | €56,108 | +€44,536 | +384.8% |
| Deferred charges and accrued income | 490/1 | €1,519 | €749 | -€770 | -50.7% |
| Total equity and liabilities | 10/49 | €403,188 | €415,800 | +€12,611 | +3.1% |
| Equity | 10/15 | €137,249 | €147,287 | +€10,038 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,849 | €134,887 | +€10,038 | +8.0% |
| Distributable reserves | 133 | €124,849 | €134,887 | +€10,038 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €265,939 | €268,512 | +€2,573 | +1.0% |
| Amounts payable after more than one year | 17 | €236,400 | €215,591 | -€20,809 | -8.8% |
| Financial debts | 170/4 | €236,400 | €215,591 | -€20,809 | -8.8% |
| Amounts payable within one year | 42/48 | €29,540 | €52,921 | +€23,382 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €20,840 | €20,809 | -€31 | -0.2% |
| Trade debts | 44 | €3,097 | €1,278 | -€1,819 | -58.7% |
| Suppliers | 440/4 | €3,097 | €1,278 | -€1,819 | -58.7% |
| Taxes, remuneration and social security | 45 | €4,748 | €10,715 | +€5,967 | +125.7% |
| Taxes | 450/3 | €4,748 | €10,715 | +€5,967 | +125.7% |
| Other amounts payable | 47/48 | €854 | €20,120 | +€19,266 | +2256.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,107 | €51,105 | +€45,998 | +900.7% |
| Other operating charges | 640/8 | €1,688 | €718 | -€970 | -57.4% |
| Gross operating margin | 9900 | €59,472 | €99,334 | +€39,863 | +67.0% |
| Operating profit (loss) | 9901 | €52,677 | €47,511 | -€5,165 | -9.8% |
| Financial income | 75/76B | €135 | €243 | +€107 | +79.1% |
| Recurring financial income | 75 | €135 | €243 | +€107 | +79.1% |
| Financial charges | 65/66B | €798 | €9,171 | +€8,373 | +1048.9% |
| Recurring financial charges | 65 | €798 | €9,171 | +€8,373 | +1048.9% |
| Profit (loss) for the period before taxes | 9903 | €52,014 | €38,583 | -€13,431 | -25.8% |
| Income taxes | 67/77 | €15,762 | €9,405 | -€6,357 | -40.3% |
| Profit (loss) for the period | 9904 | €36,252 | €29,178 | -€7,074 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,252 | €29,178 | -€7,074 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.