TWEE: 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.
TWEE
Largest movements
- Stocks and contracts +€30,168
up €30,168 (+44.2%), from €68,280 to €98,448
- Intangible fixed assets +€3,883
new in 2025: €3,883
- Tangible fixed assets -€2,170
down €2,170 (-6.2%), from €35,098 to €32,928
- Trade debts +€9,428
up €9,428 (+8,293%), from €114 to €9,542
- Other debts +€9,297
up €9,297 (+3,071%), from €303 to €9,600
- Tax, wage and social debts +€6,135
up €6,135 (+29.9%), from €20,526 to €26,661
- Reserves +€4,797
up €4,797 (+6.4%), from €75,458 to €80,256
- Accrued charges and deferred income +€3,590
up €3,590 (+265%), from €1,354 to €4,944
- Gross operating margin +€18,258
up €18,258 (+61.4%), from €29,760 to €48,018
- Taxes +€932
up €932 (+15.8%), from €5,904 to €6,836
- Depreciation +€628
up €628 (+8.6%), from €7,335 to €7,963
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 | €145,495 | €176,128 | +€30,633 | +21.1% |
| Fixed assets | 21/28 | €44,048 | €45,761 | +€1,713 | +3.9% |
| Intangible fixed assets | 21 | - | €3,883 | +€3,883 | |
| Tangible fixed assets | 22/27 | €35,098 | €32,928 | -€2,170 | -6.2% |
| Plant, machinery and equipment | 23 | €35,098 | €32,928 | -€2,170 | -6.2% |
| Financial fixed assets | 28 | €8,950 | €8,950 | = | 0.0% |
| Current assets | 29/58 | €101,447 | €130,367 | +€28,920 | +28.5% |
| Stocks and contracts in progress | 3 | €68,280 | €98,448 | +€30,168 | +44.2% |
| Stocks | 30/36 | €68,280 | €98,448 | +€30,168 | +44.2% |
| Amounts receivable within one year | 40/41 | €2,217 | €919 | -€1,298 | -58.6% |
| Trade receivables | 40 | €2,217 | €919 | -€1,298 | -58.6% |
| Cash at bank and in hand | 54/58 | €30,951 | €31,001 | +€50 | +0.2% |
| Total equity and liabilities | 10/49 | €145,495 | €176,128 | +€30,633 | +21.1% |
| Equity | 10/15 | €115,458 | €120,256 | +€4,797 | +4.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €75,458 | €80,256 | +€4,797 | +6.4% |
| Distributable reserves | 133 | €75,458 | €80,256 | +€4,797 | +6.4% |
| Amounts payable | 17/49 | €30,037 | €55,873 | +€25,836 | +86.0% |
| Amounts payable after more than one year | 17 | €5,013 | €2,415 | -€2,597 | -51.8% |
| Financial debts | 170/4 | €5,013 | €2,415 | -€2,597 | -51.8% |
| Amounts payable within one year | 42/48 | €23,670 | €48,513 | +€24,843 | +105% |
| Current portion of amounts payable after more than one year | 42 | €2,728 | €2,711 | -€18 | -0.6% |
| Trade debts | 44 | €114 | €9,542 | +€9,428 | +8,293% |
| Suppliers | 440/4 | €114 | €9,542 | +€9,428 | +8,293% |
| Taxes, remuneration and social security | 45 | €20,526 | €26,661 | +€6,135 | +29.9% |
| Taxes | 450/3 | €20,526 | €26,661 | +€6,135 | +29.9% |
| Other amounts payable | 47/48 | €303 | €9,600 | +€9,297 | +3,071% |
| Accrued charges and deferred income | 492/3 | €1,354 | €4,944 | +€3,590 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,335 | €7,963 | +€628 | +8.6% |
| Other operating charges | 640/8 | €859 | €814 | -€45 | -5.3% |
| Gross operating margin | 9900 | €29,760 | €48,018 | +€18,258 | +61.4% |
| Operating profit (loss) | 9901 | €21,566 | €39,241 | +€17,676 | +82.0% |
| Financial charges | 65/66B | €266 | €608 | +€342 | +129% |
| Recurring financial charges | 65 | €266 | €608 | +€342 | +129% |
| Profit (loss) for the period before taxes | 9903 | €21,300 | €38,633 | +€17,333 | +81.4% |
| Income taxes | 67/77 | €5,904 | €6,836 | +€932 | +15.8% |
| Profit (loss) for the period | 9904 | €15,395 | €31,797 | +€16,402 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €15,395 | €31,797 | +€16,402 | +107% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.