TWEEDS & COTTONS: 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.
TWEEDS & COTTONS
Largest movements
- Receivables after one year +€3.4m
new in 2025: €3.4m
- Receivables within one year -€2.7m
down €2.7m (-53.3%), from €5.2m to €2.4m
of which Trade receivables: -€3.5m
- Financial fixed assets +€184,907
up €184,907 (+19.8%), from €932,905 to €1.1m
- Deferred charges and accrued income +€87,590
up €87,590 (+94.6%), from €92,589 to €180,179
- Other debts +€487,050
up €487,050 (+17.1%), from €2.8m to €3.3m
- Accrued charges and deferred income +€115,769
up €115,769 (+26.6%), from €434,999 to €550,768
- Tax, wage and social debts +€107,055
up €107,055 (+333%), from €32,178 to €139,233
of which Taxes: +€107,066
- Trade debts +€92,456
up €92,456 (+25.2%), from €366,625 to €459,081
- Profit (loss) carried forward +€84,428
up €84,428 (+6.3%), from €1.3m to €1.4m
- Financial income -€456,742
down €456,742 (-83.7%), from €545,824 to €89,082
of which Non-recurring financial income: -€539,629
- Gross operating margin +€379,277
up €379,277, from -€53,150 to €326,126
- Financial charges -€18,384
down €18,384 (-12.4%), from €147,918 to €129,534
of which Non-recurring financial charges: -€10,022
- Staff costs +€8,746
up €8,746 (+4.7%), from €184,298 to €193,044
- Other operating charges -€5,580
down €5,580 (-55.2%), from €10,111 to €4,531
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 | €6,286,350 | €7,173,107 | +€886,757 | +14.1% |
| Fixed assets | 21/28 | €936,418 | €1,126,891 | +€190,474 | +20.3% |
| Intangible fixed assets | 21 | €431 | - | -€431 | |
| Tangible fixed assets | 22/27 | €3,081 | €9,079 | +€5,997 | +195% |
| Plant, machinery and equipment | 23 | €2,292 | €1,082 | -€1,210 | -52.8% |
| Furniture and vehicles | 24 | €789 | - | -€789 | |
| Other tangible fixed assets | 26 | - | €7,997 | +€7,997 | |
| Financial fixed assets | 28 | €932,905 | €1,117,812 | +€184,907 | +19.8% |
| Current assets | 29/58 | €5,349,932 | €6,046,216 | +€696,284 | +13.0% |
| Amounts receivable after more than one year | 29 | - | €3,425,000 | +€3.4m | |
| Other amounts receivable | 291 | - | €3,425,000 | +€3.4m | |
| Amounts receivable within one year | 40/41 | €5,159,603 | €2,410,534 | -€2.7m | -53.3% |
| Trade receivables | 40 | €3,718,833 | €263,297 | -€3.5m | -92.9% |
| Other amounts receivable | 41 | €1,440,770 | €2,147,238 | +€706,468 | +49.0% |
| Cash at bank and in hand | 54/58 | €97,740 | €30,503 | -€67,238 | -68.8% |
| Deferred charges and accrued income | 490/1 | €92,589 | €180,179 | +€87,590 | +94.6% |
| Total equity and liabilities | 10/49 | €6,286,350 | €7,173,107 | +€886,757 | +14.1% |
| Equity | 10/15 | €2,457,177 | €2,541,604 | +€84,428 | +3.4% |
| Contributions | 10/11 | €297,473 | €297,473 | = | 0.0% |
| Capital | 10 | €297,473 | €297,473 | = | 0.0% |
| Issued capital | 100 | €297,473 | €297,473 | = | 0.0% |
| Reserves | 13 | €810,964 | €810,964 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €780,964 | €780,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,348,739 | €1,433,167 | +€84,428 | +6.3% |
| Provisions and deferred taxes | 16 | €150,000 | €150,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €150,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,679,173 | €4,481,503 | +€802,330 | +21.8% |
| Amounts payable within one year | 42/48 | €3,244,174 | €3,930,735 | +€686,561 | +21.2% |
| Trade debts | 44 | €366,625 | €459,081 | +€92,456 | +25.2% |
| Suppliers | 440/4 | €366,625 | €459,081 | +€92,456 | +25.2% |
| Taxes, remuneration and social security | 45 | €32,178 | €139,233 | +€107,055 | +333% |
| Taxes | 450/3 | €2,845 | €109,912 | +€107,066 | +3,763% |
| Remuneration and social security | 454/9 | €29,332 | €29,321 | -€11 | 0.0% |
| Other amounts payable | 47/48 | €2,845,372 | €3,332,422 | +€487,050 | +17.1% |
| Accrued charges and deferred income | 492/3 | €434,999 | €550,768 | +€115,769 | +26.6% |
| Remuneration, social security and pensions | 62 | €184,298 | €193,044 | +€8,746 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,591 | €2,772 | -€819 | -22.8% |
| Other operating charges | 640/8 | €10,111 | €4,531 | -€5,580 | -55.2% |
| Gross operating margin | 9900 | -€53,150 | €326,126 | +€379,277 | |
| Operating profit (loss) | 9901 | -€251,150 | €125,779 | +€376,930 | |
| Financial income | 75/76B | €545,824 | €89,082 | -€456,742 | -83.7% |
| Recurring financial income | 75 | €4,824 | €87,710 | +€82,887 | +1,718% |
| Non-recurring financial income | 76B | €541,000 | €1,371 | -€539,629 | -99.7% |
| Financial charges | 65/66B | €147,918 | €129,534 | -€18,384 | -12.4% |
| Recurring financial charges | 65 | €137,896 | €129,534 | -€8,362 | -6.1% |
| Non-recurring financial charges | 66B | €10,022 | - | -€10,022 | |
| Profit (loss) for the period before taxes | 9903 | €146,756 | €85,328 | -€61,428 | -41.9% |
| Income taxes | 67/77 | €1,777 | €900 | -€877 | -49.3% |
| Profit (loss) for the period | 9904 | €144,979 | €84,428 | -€60,552 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €144,979 | €84,428 | -€60,552 | -41.8% |
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 1 November 2026 via checked.be.