TWARRES: 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.
TWARRES
Largest movements
- Tangible fixed assets -€7,227
down €7,227 (-10.6%), from €68,478 to €61,251
of which Furniture and vehicles: -€7,103
- Receivables within one year -€6,378
down €6,378 (-41.0%), from €15,545 to €9,167
of which Trade receivables: -€6,655
- Cash +€3,761
up €3,761 (+2,432%), from €155 to €3,916
mainly Depreciation (+€7,227) and Receivables within one year (+€6,378)
- Debts after one year -€6,440
down €6,440 (-32.8%), from €19,623 to €13,182
- Other debts -€3,286
down €3,286 (-13.4%), from €24,534 to €21,249
- Trade debts +€1,875
up €1,875 (+14.6%), from €12,834 to €14,710
- Tax, wage and social debts -€1,639
down €1,639 (-11.7%), from €13,955 to €12,316
of which Taxes: -€1,684
- Gross operating margin -€4,441
down €4,441 (-31.8%), from €13,951 to €9,510
- Other operating charges -€530
down €530 (-25.9%), from €2,043 to €1,513
- Financial charges -€243
down €243 (-17.0%), from €1,431 to €1,188
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 | €86,237 | €76,471 | -€9,766 | -11.3% |
| Fixed assets | 21/28 | €68,528 | €61,301 | -€7,227 | -10.5% |
| Tangible fixed assets | 22/27 | €68,478 | €61,251 | -€7,227 | -10.6% |
| Land and buildings | 22 | €40,981 | €40,857 | -€125 | -0.3% |
| Furniture and vehicles | 24 | €27,497 | €20,394 | -€7,103 | -25.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €17,709 | €15,170 | -€2,538 | -14.3% |
| Amounts receivable within one year | 40/41 | €15,545 | €9,167 | -€6,378 | -41.0% |
| Trade receivables | 40 | €15,545 | €8,890 | -€6,655 | -42.8% |
| Other amounts receivable | 41 | - | €277 | +€277 | |
| Cash at bank and in hand | 54/58 | €155 | €3,916 | +€3,761 | +2,432% |
| Deferred charges and accrued income | 490/1 | €2,009 | €2,088 | +€79 | +3.9% |
| Total equity and liabilities | 10/49 | €86,237 | €76,471 | -€9,766 | -11.3% |
| Equity | 10/15 | €9,134 | €8,574 | -€560 | -6.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,366 | -€53,926 | -€560 | -1.0% |
| Amounts payable | 17/49 | €77,103 | €67,897 | -€9,206 | -11.9% |
| Amounts payable after more than one year | 17 | €19,623 | €13,182 | -€6,440 | -32.8% |
| Financial debts | 170/4 | €19,623 | €13,182 | -€6,440 | -32.8% |
| Amounts payable within one year | 42/48 | €57,480 | €54,714 | -€2,766 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €6,157 | €6,440 | +€283 | +4.6% |
| Trade debts | 44 | €12,834 | €14,710 | +€1,875 | +14.6% |
| Suppliers | 440/4 | €12,834 | €14,710 | +€1,875 | +14.6% |
| Taxes, remuneration and social security | 45 | €13,955 | €12,316 | -€1,639 | -11.7% |
| Taxes | 450/3 | €3,827 | €2,144 | -€1,684 | -44.0% |
| Remuneration and social security | 454/9 | €10,127 | €10,172 | +€45 | +0.4% |
| Other amounts payable | 47/48 | €24,534 | €21,249 | -€3,286 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,227 | €7,227 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,043 | €1,513 | -€530 | -25.9% |
| Gross operating margin | 9900 | €13,951 | €9,510 | -€4,441 | -31.8% |
| Operating profit (loss) | 9901 | €4,681 | €770 | -€3,911 | -83.6% |
| Financial charges | 65/66B | €1,431 | €1,188 | -€243 | -17.0% |
| Recurring financial charges | 65 | €1,431 | €1,188 | -€243 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €3,250 | -€418 | -€3,668 | |
| Income taxes | 67/77 | €134 | €141 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | €3,115 | -€560 | -€3,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,115 | -€560 | -€3,675 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.