TWA-CONSULT: what changed
What changed
TWA-CONSULT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€71,405
2024 · €57,428+€13,977
Equity
€2.6m
2024 · €2.6m-€6,999
Cash
€281,293
2024 · €140,899+€140,395
Balance sheet total
€3.1m
2024 · €2.9m+€137,407
Largest movements
Assets
- Tangible fixed assets +€250,707
up €250,707 (+29.8%), from €842,434 to €1.1m
of which Assets under construction and advance payments: +€280,304
- Cash +€140,395
up €140,395 (+99.6%), from €140,899 to €281,293
mainly Debts after one year (+€281,000) and Receivables within one year (+€140,198)
- Receivables within one year -€140,198
down €140,198 (-42.5%), from €330,112 to €189,915
of which Other amounts receivable: -€189,189
- Current investments -€101,235
down €101,235 (-11.0%), from €922,306 to €821,071
Equity and liabilities
- Profit (loss) carried forward -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Reserves +€1.5m
up €1.5m (+147%), from €1.0m to €2.6m
- Debts after one year +€281,000
up €281,000 (+572%), from €49,084 to €330,083
- Accrued charges and deferred income -€143,162
down €143,162 (-91.3%), from €156,794 to €13,631
Income statement
- Write-downs -€44,501
down €44,501 (-100%), from €44,501 to €0
- Gross operating margin -€38,560
down €38,560 (-37.3%), from €103,250 to €64,690
- Depreciation -€4,649
down €4,649 (-13.6%), from €34,247 to €29,598
- Financial charges -€3,942
down €3,942 (-20.9%), from €18,842 to €14,900
- Financial income +€2,092
up €2,092 (+2.7%), from €78,737 to €80,829
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
€57,428
Gross operating margin
-€38,560
Depreciation
+€4,649
Write-downs
+€44,501
Other operating charges
-€983
Financial income
+€2,092
Financial charges
+€3,942
Taxes
-€1,664
Result 2025
€71,405
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
+€116,868
Investment
-€179,069
Financing
+€202,596
Cash 2024
€140,899
From operations (derived)
+€116,868
Net result for the year
+€71,405
Depreciation
+€29,598
Receivables within one year
+€140,198
Deferred charges and accrued income
+€12,262
Trade debts
-€11,307
Tax, wage and social debts
+€1,535
Other debts
+€16,340
Accrued charges and deferred income
-€143,162
Investment (derived)
-€179,069
Investment in fixed assets (net)
-€280,304
Current investments
+€101,235
Financing
+€202,596
Debts after one year
+€281,000
Contributions, distributions and other
-€78,404
Cash 2025
€281,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,921,851 | €3,059,258 | +€137,407 | +4.7% |
| Fixed assets | 21/28 | €979,931 | €1,230,638 | +€250,707 | +25.6% |
| Tangible fixed assets | 22/27 | €842,434 | €1,093,141 | +€250,707 | +29.8% |
| Land and buildings | 22 | €591,230 | €566,564 | -€24,666 | -4.2% |
| Plant, machinery and equipment | 23 | €3,151 | €2,803 | -€348 | -11.0% |
| Furniture and vehicles | 24 | €21,021 | €16,437 | -€4,584 | -21.8% |
| Assets under construction and advance payments | 27 | €227,033 | €507,337 | +€280,304 | +123% |
| Financial fixed assets | 28 | €137,497 | €137,497 | = | 0.0% |
| Current assets | 29/58 | €1,941,919 | €1,828,620 | -€113,300 | -5.8% |
| Amounts receivable after more than one year | 29 | €520,000 | €520,000 | = | 0.0% |
| Other amounts receivable | 291 | €520,000 | €520,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €330,112 | €189,915 | -€140,198 | -42.5% |
| Trade receivables | 40 | €15,855 | €64,847 | +€48,991 | +309% |
| Other amounts receivable | 41 | €314,257 | €125,068 | -€189,189 | -60.2% |
| Current investments | 50/53 | €922,306 | €821,071 | -€101,235 | -11.0% |
| Cash at bank and in hand | 54/58 | €140,899 | €281,293 | +€140,395 | +99.6% |
| Deferred charges and accrued income | 490/1 | €28,601 | €16,340 | -€12,262 | -42.9% |
| Total equity and liabilities | 10/49 | €2,921,851 | €3,059,258 | +€137,407 | +4.7% |
| Equity | 10/15 | €2,622,721 | €2,615,721 | -€6,999 | -0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,038,682 | €2,565,721 | +€1.5m | +147% |
| Distributable reserves | 133 | €1,038,682 | €2,565,721 | +€1.5m | +147% |
| Profit (loss) carried forward | 14 | €1,534,039 | €0 | -€1.5m | -100% |
| Amounts payable | 17/49 | €299,130 | €443,536 | +€144,406 | +48.3% |
| Amounts payable after more than one year | 17 | €49,084 | €330,083 | +€281,000 | +572% |
| Financial debts | 170/4 | €49,084 | €330,083 | +€281,000 | +572% |
| Amounts payable within one year | 42/48 | €93,253 | €99,821 | +€6,569 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €19,000 | = | 0.0% |
| Trade debts | 44 | €52,383 | €41,076 | -€11,307 | -21.6% |
| Suppliers | 440/4 | €52,383 | €41,076 | -€11,307 | -21.6% |
| Taxes, remuneration and social security | 45 | €19,502 | €21,037 | +€1,535 | +7.9% |
| Taxes | 450/3 | €19,502 | €21,037 | +€1,535 | +7.9% |
| Other amounts payable | 47/48 | €2,368 | €18,708 | +€16,340 | +690% |
| Accrued charges and deferred income | 492/3 | €156,794 | €13,631 | -€143,162 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,247 | €29,598 | -€4,649 | -13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,501 | €0 | -€44,501 | -100% |
| Other operating charges | 640/8 | €4,174 | €5,157 | +€983 | +23.5% |
| Gross operating margin | 9900 | €103,250 | €64,690 | -€38,560 | -37.3% |
| Operating profit (loss) | 9901 | €20,328 | €29,935 | +€9,607 | +47.3% |
| Financial income | 75/76B | €78,737 | €80,829 | +€2,092 | +2.7% |
| Recurring financial income | 75 | €78,737 | €80,829 | +€2,092 | +2.7% |
| Financial charges | 65/66B | €18,842 | €14,900 | -€3,942 | -20.9% |
| Recurring financial charges | 65 | €18,842 | €14,900 | -€3,942 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €80,223 | €95,864 | +€15,641 | +19.5% |
| Income taxes | 67/77 | €22,796 | €24,459 | +€1,664 | +7.3% |
| Profit (loss) for the period | 9904 | €57,428 | €71,405 | +€13,977 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,428 | €71,405 | +€13,977 | +24.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.