TW STORE: 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 STORE
Largest movements
- Cash -€126,979
down €126,979 (-6.7%), from €1.9m to €1.8m
mainly Contributions, distributions and other (-€193,494) and Net result for the year (-€40,334)
- Tangible fixed assets -€57,098
down €57,098 (-7.4%), from €772,234 to €715,136
of which Land and buildings: -€57,848
- Receivables within one year -€30,291
down €30,291 (-67.8%), from €44,663 to €14,372
of which Trade receivables: -€16,847
- Reserves -€233,827
down €233,827 (-11.5%), from €2.0m to €1.8m
of which Distributable reserves: -€227,541
- Other debts +€64,700
up €64,700 (+49.9%), from €129,596 to €194,296
- Tax, wage and social debts -€31,137
down €31,137 (-97.5%), from €31,939 to €803
of which Taxes: -€31,137
- Gross operating margin -€216,371
down €216,371 (-86.1%), from €251,361 to €34,990
- Depreciation -€25,549
down €25,549 (-25.2%), from €101,276 to €75,727
- Taxes -€17,357
down €17,357 (-98.1%), from €17,699 to €342
- Financial income -€4,097
down €4,097 (-26.8%), from €15,266 to €11,169
- Other operating charges +€3,109
up €3,109 (+44.6%), from €6,977 to €10,086
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 | €2,705,316 | €2,490,734 | -€214,583 | -7.9% |
| Fixed assets | 21/28 | €772,551 | €715,453 | -€57,098 | -7.4% |
| Tangible fixed assets | 22/27 | €772,234 | €715,136 | -€57,098 | -7.4% |
| Land and buildings | 22 | €763,460 | €705,612 | -€57,848 | -7.6% |
| Plant, machinery and equipment | 23 | €1,917 | €263 | -€1,654 | -86.3% |
| Furniture and vehicles | 24 | €6,857 | €9,261 | +€2,404 | +35.1% |
| Financial fixed assets | 28 | €317 | €317 | = | 0.0% |
| Current assets | 29/58 | €1,932,765 | €1,775,281 | -€157,485 | -8.1% |
| Amounts receivable within one year | 40/41 | €44,663 | €14,372 | -€30,291 | -67.8% |
| Trade receivables | 40 | €28,143 | €11,296 | -€16,847 | -59.9% |
| Other amounts receivable | 41 | €16,520 | €3,076 | -€13,444 | -81.4% |
| Cash at bank and in hand | 54/58 | €1,883,288 | €1,756,310 | -€126,979 | -6.7% |
| Deferred charges and accrued income | 490/1 | €4,814 | €4,599 | -€215 | -4.5% |
| Total equity and liabilities | 10/49 | €2,705,316 | €2,490,734 | -€214,583 | -7.9% |
| Equity | 10/15 | €2,046,270 | €1,812,442 | -€233,827 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,027,670 | €1,793,842 | -€233,827 | -11.5% |
| Tax-exempt reserves | 132 | €1,039,780 | €1,033,494 | -€6,286 | -0.6% |
| Distributable reserves | 133 | €987,889 | €760,348 | -€227,541 | -23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €346,593 | €344,498 | -€2,095 | -0.6% |
| Deferred taxes | 168 | €346,593 | €344,498 | -€2,095 | -0.6% |
| Amounts payable | 17/49 | €312,453 | €333,793 | +€21,340 | +6.8% |
| Amounts payable after more than one year | 17 | €113,820 | €90,060 | -€23,760 | -20.9% |
| Financial debts | 170/4 | €113,820 | €90,060 | -€23,760 | -20.9% |
| Amounts payable within one year | 42/48 | €193,459 | €239,139 | +€45,681 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €23,425 | €23,760 | +€335 | +1.4% |
| Trade debts | 44 | €8,498 | €20,281 | +€11,782 | +139% |
| Suppliers | 440/4 | €8,498 | €20,281 | +€11,782 | +139% |
| Taxes, remuneration and social security | 45 | €31,939 | €803 | -€31,137 | -97.5% |
| Taxes | 450/3 | €31,939 | €803 | -€31,137 | -97.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €129,596 | €194,296 | +€64,700 | +49.9% |
| Accrued charges and deferred income | 492/3 | €5,174 | €4,594 | -€581 | -11.2% |
| Non-recurring operating income | 76A | €100,000 | €0 | -€100,000 | -100% |
| Remuneration, social security and pensions | 62 | -€262 | €0 | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,276 | €75,727 | -€25,549 | -25.2% |
| Other operating charges | 640/8 | €6,977 | €10,086 | +€3,109 | +44.6% |
| Gross operating margin | 9900 | €251,361 | €34,990 | -€216,371 | -86.1% |
| Operating profit (loss) | 9901 | €143,370 | -€50,823 | -€194,193 | |
| Financial income | 75/76B | €15,266 | €11,169 | -€4,097 | -26.8% |
| Recurring financial income | 75 | €15,266 | €11,169 | -€4,097 | -26.8% |
| Financial charges | 65/66B | €3,999 | €2,434 | -€1,565 | -39.1% |
| Recurring financial charges | 65 | €3,999 | €2,434 | -€1,565 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €154,637 | -€42,087 | -€196,724 | |
| Transfer from deferred taxes | 780 | €1,413 | €2,095 | +€682 | +48.3% |
| Transfer to deferred taxes | 680 | €25,000 | €0 | -€25,000 | -100% |
| Income taxes | 67/77 | €17,699 | €342 | -€17,357 | -98.1% |
| Profit (loss) for the period | 9904 | €113,351 | -€40,334 | -€153,685 | |
| Transfer from tax-exempt reserves | 789 | €4,239 | €6,286 | +€2,047 | +48.3% |
| Transfer to tax-exempt reserves | 689 | €75,000 | €0 | -€75,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €42,591 | -€34,048 | -€76,638 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.