TW & V: 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 & V
Largest movements
- Cash +€269,057
up €269,057 (+1540.1%), from €17,470 to €286,527
mainly Current investments (+€260,000) and Net result for the year (+€7,221)
- Current investments -€260,000
no longer reported in 2024 (was €260,000)
- Reserves +€7,221
up €7,221 (+2.8%), from €260,396 to €267,617
of which Distributable reserves: +€7,221
- Gross operating margin -€142,204
down €142,204 (-97.2%), from €146,359 to €4,155
- Taxes -€47,759
down €47,759 (-93.4%), from €51,143 to €3,384
- Write-downs +€7,756
no longer reported in 2024 (was -€7,756)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,565 | €295,375 | +€7,810 | +2.7% |
| Current assets | 29/58 | €287,565 | €295,375 | +€7,810 | +2.7% |
| Stocks and contracts in progress | 3 | €542 | - | -€542 | |
| Stocks | 30/36 | €542 | - | -€542 | |
| Amounts receivable within one year | 40/41 | €9,448 | €8,848 | -€601 | -6.4% |
| Trade receivables | 40 | €1,791 | - | -€1,791 | |
| Other amounts receivable | 41 | €7,658 | €8,848 | +€1,190 | +15.5% |
| Current investments | 50/53 | €260,000 | - | -€260,000 | |
| Cash at bank and in hand | 54/58 | €17,470 | €286,527 | +€269,057 | +1540.1% |
| Deferred charges and accrued income | 490/1 | €104 | - | -€104 | |
| Total equity and liabilities | 10/49 | €287,565 | €295,375 | +€7,810 | +2.7% |
| Equity | 10/15 | €266,596 | €273,817 | +€7,221 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,396 | €267,617 | +€7,221 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €258,536 | €265,757 | +€7,221 | +2.8% |
| Amounts payable | 17/49 | €20,968 | €21,558 | +€589 | +2.8% |
| Amounts payable within one year | 42/48 | €20,968 | €21,558 | +€589 | +2.8% |
| Trade debts | 44 | €1,191 | €1,779 | +€588 | +49.4% |
| Suppliers | 440/4 | €1,191 | €1,779 | +€588 | +49.4% |
| Other amounts payable | 47/48 | €19,777 | €19,779 | +€1 | 0.0% |
| Non-recurring operating income | 76A | €136,610 | €3,000 | -€133,610 | -97.8% |
| Remuneration, social security and pensions | 62 | €291 | - | -€291 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,756 | - | +€7,756 | |
| Other operating charges | 640/8 | €702 | €664 | -€39 | -5.5% |
| Non-recurring operating charges | 66A | €379 | €1,711 | +€1,332 | +351.4% |
| Gross operating margin | 9900 | €146,359 | €4,155 | -€142,204 | -97.2% |
| Operating profit (loss) | 9901 | €152,742 | €1,781 | -€150,961 | -98.8% |
| Financial income | 75/76B | €7,914 | €8,969 | +€1,055 | +13.3% |
| Recurring financial income | 75 | €7,914 | €8,969 | +€1,055 | +13.3% |
| Financial charges | 65/66B | €474 | €145 | -€329 | -69.4% |
| Recurring financial charges | 65 | €474 | €145 | -€329 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €160,182 | €10,605 | -€149,578 | -93.4% |
| Income taxes | 67/77 | €51,143 | €3,384 | -€47,759 | -93.4% |
| Profit (loss) for the period | 9904 | €109,040 | €7,221 | -€101,819 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,040 | €7,221 | -€101,819 | -93.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.