TWE-EXPRESS: 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.
TWE-EXPRESS
Largest movements
- Tangible fixed assets -€3,833
down €3,833 (-40.0%), from €9,583 to €5,750
- Cash +€1,657
new in 2025: €1,657
mainly Tax, wage and social debts (+€4,274) and Depreciation (+€3,833)
- Receivables within one year +€1,191
up €1,191 (+187.3%), from €636 to €1,827
- Tax, wage and social debts +€4,274
up €4,274 (+663.8%), from €644 to €4,918
of which Remuneration and social security: +€4,300
- Other debts -€2,851
down €2,851 (-82.0%), from €3,477 to €626
- Profit (loss) carried forward -€2,722
down €2,722 (-454.4%), from -€599 to -€3,321
- Trade debts +€324
up €324 (+47.1%), from €688 to €1,012
- Turnover -€5,661
no longer reported in 2025 (was €5,661)
- Purchases and services -€3,611
no longer reported in 2025 (was €3,611)
- Depreciation +€1,916
up €1,916 (+100.0%), from €1,917 to €3,833
- Other operating charges +€862
up €862 (+120.9%), from €713 to €1,575
- Financial income +€652
new in 2025: €652
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.
Cash bridge derived
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 | €10,219 | €9,235 | -€985 | -9.6% |
| Fixed assets | 21/28 | €9,583 | €5,750 | -€3,833 | -40.0% |
| Tangible fixed assets | 22/27 | €9,583 | €5,750 | -€3,833 | -40.0% |
| Furniture and vehicles | 24 | €9,583 | €5,750 | -€3,833 | -40.0% |
| Current assets | 29/58 | €636 | €3,484 | +€2,848 | +447.9% |
| Amounts receivable within one year | 40/41 | €636 | €1,827 | +€1,191 | +187.3% |
| Trade receivables | 40 | €636 | €1,827 | +€1,191 | +187.3% |
| Cash at bank and in hand | 54/58 | - | €1,657 | +€1,657 | |
| Total equity and liabilities | 10/49 | €10,219 | €9,235 | -€985 | -9.6% |
| Equity | 10/15 | €5,401 | €2,679 | -€2,722 | -50.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€599 | -€3,321 | -€2,722 | -454.4% |
| Amounts payable | 17/49 | €4,818 | €6,556 | +€1,738 | +36.1% |
| Amounts payable within one year | 42/48 | €4,818 | €6,556 | +€1,738 | +36.1% |
| Financial debts | 43 | €9 | - | -€9 | |
| Credit institutions | 430/8 | €9 | - | -€9 | |
| Trade debts | 44 | €688 | €1,012 | +€324 | +47.1% |
| Suppliers | 440/4 | €688 | €1,012 | +€324 | +47.1% |
| Taxes, remuneration and social security | 45 | €644 | €4,918 | +€4,274 | +663.8% |
| Taxes | 450/3 | €644 | €618 | -€26 | -4.0% |
| Remuneration and social security | 454/9 | - | €4,300 | +€4,300 | |
| Other amounts payable | 47/48 | €3,477 | €626 | -€2,851 | -82.0% |
| Turnover | 70 | €5,661 | - | -€5,661 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,611 | - | -€3,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €3,833 | +€1,916 | +100.0% |
| Other operating charges | 640/8 | €713 | €1,575 | +€862 | +120.9% |
| Gross operating margin | 9900 | €2,050 | €2,204 | +€154 | +7.5% |
| Operating profit (loss) | 9901 | -€580 | -€3,205 | -€2,625 | -452.9% |
| Financial income | 75/76B | - | €652 | +€652 | |
| Recurring financial income | 75 | - | €652 | +€652 | |
| Financial charges | 65/66B | €20 | €170 | +€150 | +770.5% |
| Recurring financial charges | 65 | €20 | €170 | +€150 | +770.5% |
| Profit (loss) for the period before taxes | 9903 | -€599 | -€2,722 | -€2,123 | -354.4% |
| Profit (loss) for the period | 9904 | -€599 | -€2,722 | -€2,123 | -354.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€599 | -€2,722 | -€2,123 | -354.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.