TWAN Herenmoden: 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.
What changed
TWAN Herenmoden
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€4,325
2025 · €13,943-€18,268
Equity
€359,766
2025 · €364,091-€4,325
Cash
€126,102
2025 · €173,187-€47,085
Balance sheet total
€503,435
2025 · €548,492-€45,057
Largest movements
Assets
- Cash -€47,085
down €47,085 (-27.2%), from €173,187 to €126,102
mainly Investment in fixed assets (net) (-€29,769) and Debts after one year (-€26,392)
Equity and liabilities
- Debts after one year -€26,392
down €26,392 (-42.3%), from €62,438 to €36,046
Income statement
- Gross operating margin -€46,244
down €46,244 (-31.7%), from €145,658 to €99,414
- Staff costs -€26,652
down €26,652 (-29.4%), from €90,721 to €64,069
- Taxes -€5,425
no longer reported in 2026 (was €5,425)
- Depreciation +€5,236
up €5,236 (+19.8%), from €26,450 to €31,686
From the 2025 result to the 2026 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.
Result 2025
€13,943
Gross operating margin
-€46,244
Staff costs
+€26,652
Depreciation
-€5,236
Provisions
-€60
Other operating charges
-€170
Financial charges
+€1,365
Taxes
+€5,425
Result 2026
-€4,325
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€12,763
Investment
-€29,769
Financing
-€30,079
Cash 2025
€173,187
From operations (derived)
+€12,763
Net result for the year
-€4,325
Depreciation
+€31,686
Stocks and contracts
-€4,273
Receivables within one year
+€328
Provisions
-€3,318
Trade debts
+€1,814
Tax, wage and social debts
-€4,650
Other debts
-€4,499
Investment (derived)
-€29,769
Investment in fixed assets (net)
-€29,769
Financing
-€30,079
Debts after one year
-€26,392
Short-term financial debts
-€3,687
Cash 2026
€126,102
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €548,492 | €503,435 | -€45,057 | -8.2% |
| Fixed assets | 21/28 | €185,137 | €183,220 | -€1,917 | -1.0% |
| Tangible fixed assets | 22/27 | €185,137 | €183,220 | -€1,917 | -1.0% |
| Land and buildings | 22 | €130,327 | €136,554 | +€6,227 | +4.8% |
| Plant, machinery and equipment | 23 | €14,945 | €21,750 | +€6,805 | +45.5% |
| Furniture and vehicles | 24 | €39,865 | €24,916 | -€14,949 | -37.5% |
| Current assets | 29/58 | €363,355 | €320,215 | -€43,140 | -11.9% |
| Stocks and contracts in progress | 3 | €116,708 | €120,981 | +€4,273 | +3.7% |
| Stocks | 30/36 | €116,708 | €120,981 | +€4,273 | +3.7% |
| Amounts receivable within one year | 40/41 | €3,460 | €3,132 | -€328 | -9.5% |
| Other amounts receivable | 41 | €3,460 | €3,132 | -€328 | -9.5% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,187 | €126,102 | -€47,085 | -27.2% |
| Total equity and liabilities | 10/49 | €548,492 | €503,435 | -€45,057 | -8.2% |
| Equity | 10/15 | €364,091 | €359,766 | -€4,325 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €302,091 | €297,766 | -€4,325 | -1.4% |
| Non-distributable reserves | 130/1 | €76,200 | €76,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €225,891 | €221,566 | -€4,325 | -1.9% |
| Provisions and deferred taxes | 16 | €3,318 | - | -€3,318 | |
| Provisions for liabilities and charges | 160/5 | €3,318 | - | -€3,318 | |
| Pensions and similar obligations | 160 | €3,318 | - | -€3,318 | |
| Amounts payable | 17/49 | €181,083 | €143,669 | -€37,414 | -20.7% |
| Amounts payable after more than one year | 17 | €62,438 | €36,046 | -€26,392 | -42.3% |
| Financial debts | 170/4 | €62,438 | €36,046 | -€26,392 | -42.3% |
| Amounts payable within one year | 42/48 | €118,645 | €107,623 | -€11,022 | -9.3% |
| Financial debts | 43 | €30,078 | €26,391 | -€3,687 | -12.3% |
| Credit institutions | 430/8 | €30,078 | €26,391 | -€3,687 | -12.3% |
| Trade debts | 44 | €76 | €1,890 | +€1,814 | +2,387% |
| Suppliers | 440/4 | €76 | €1,890 | +€1,814 | +2,387% |
| Taxes, remuneration and social security | 45 | €27,105 | €22,455 | -€4,650 | -17.2% |
| Taxes | 450/3 | €19,474 | €12,725 | -€6,749 | -34.7% |
| Remuneration and social security | 454/9 | €7,631 | €9,730 | +€2,099 | +27.5% |
| Other amounts payable | 47/48 | €61,386 | €56,887 | -€4,499 | -7.3% |
| Remuneration, social security and pensions | 62 | €90,721 | €64,069 | -€26,652 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,450 | €31,686 | +€5,236 | +19.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,378 | -€3,318 | +€60 | +1.8% |
| Other operating charges | 640/8 | €5,391 | €5,561 | +€170 | +3.2% |
| Gross operating margin | 9900 | €145,658 | €99,414 | -€46,244 | -31.7% |
| Operating profit (loss) | 9901 | €26,474 | €1,416 | -€25,058 | -94.7% |
| Financial charges | 65/66B | €7,106 | €5,741 | -€1,365 | -19.2% |
| Recurring financial charges | 65 | €7,106 | €5,741 | -€1,365 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €19,368 | -€4,325 | -€23,693 | |
| Income taxes | 67/77 | €5,425 | - | -€5,425 | |
| Profit (loss) for the period | 9904 | €13,943 | -€4,325 | -€18,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,943 | -€4,325 | -€18,268 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.