TWEELING EXPRESS: 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.
TWEELING EXPRESS
Largest movements
- Tangible fixed assets -€43,392
down €43,392 (-21.8%), from €199,130 to €155,738
- Cash -€24,200
down €24,200 (-8.8%), from €276,542 to €252,342
mainly Trade debts (-€89,695) and Debts after one year (-€41,322)
- Trade debts -€89,695
down €89,695 (-19.4%), from €461,362 to €371,668
- Debts after one year -€41,322
down €41,322 (-49.5%), from €83,497 to €42,175
- Profit (loss) carried forward +€40,301
up €40,301 (+33.8%), from €119,220 to €159,521
- Other debts +€33,157
up €33,157 (+19.3%), from €171,439 to €204,596
- Gross operating margin -€56,880
down €56,880 (-14.0%), from €405,324 to €348,443
- Financial income +€10,110
up €10,110 (+1,307%), from €774 to €10,884
- Taxes +€5,659
up €5,659 (+8,424%), from €67 to €5,727
- Financial charges -€4,722
down €4,722 (-26.5%), from €17,840 to €13,118
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 | €1,074,998 | €1,010,155 | -€64,843 | -6.0% |
| Fixed assets | 21/28 | €302,672 | €259,280 | -€43,392 | -14.3% |
| Tangible fixed assets | 22/27 | €199,130 | €155,738 | -€43,392 | -21.8% |
| Plant, machinery and equipment | 23 | €74,011 | €57,659 | -€16,352 | -22.1% |
| Furniture and vehicles | 24 | €5,485 | €2,214 | -€3,271 | -59.6% |
| Leasing and similar rights | 25 | €67,241 | €51,685 | -€15,556 | -23.1% |
| Other tangible fixed assets | 26 | €52,393 | €44,180 | -€8,213 | -15.7% |
| Financial fixed assets | 28 | €103,542 | €103,542 | = | 0.0% |
| Current assets | 29/58 | €772,326 | €750,876 | -€21,451 | -2.8% |
| Stocks and contracts in progress | 3 | €138,725 | €131,941 | -€6,783 | -4.9% |
| Stocks | 30/36 | €138,725 | €131,941 | -€6,783 | -4.9% |
| Amounts receivable within one year | 40/41 | €355,724 | €365,221 | +€9,497 | +2.7% |
| Trade receivables | 40 | €38,031 | €33,974 | -€4,057 | -10.7% |
| Other amounts receivable | 41 | €317,693 | €331,247 | +€13,555 | +4.3% |
| Current investments | 50/53 | €33 | €33 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €276,542 | €252,342 | -€24,200 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1,304 | €1,339 | +€35 | +2.7% |
| Total equity and liabilities | 10/49 | €1,074,998 | €1,010,155 | -€64,843 | -6.0% |
| Equity | 10/15 | €253,793 | €294,094 | +€40,301 | +15.9% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €99,573 | €99,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,844 | €61,844 | = | 0.0% |
| Distributable reserves | 133 | €34,229 | €34,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,220 | €159,521 | +€40,301 | +33.8% |
| Amounts payable | 17/49 | €821,205 | €716,061 | -€105,144 | -12.8% |
| Amounts payable after more than one year | 17 | €83,497 | €42,175 | -€41,322 | -49.5% |
| Financial debts | 170/4 | €83,497 | €42,175 | -€41,322 | -49.5% |
| Amounts payable within one year | 42/48 | €737,708 | €673,886 | -€63,822 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €39,936 | €41,322 | +€1,386 | +3.5% |
| Trade debts | 44 | €461,362 | €371,668 | -€89,695 | -19.4% |
| Suppliers | 440/4 | €461,362 | €371,668 | -€89,695 | -19.4% |
| Taxes, remuneration and social security | 45 | €64,971 | €56,301 | -€8,670 | -13.3% |
| Taxes | 450/3 | €436 | €6,035 | +€5,599 | +1,284% |
| Remuneration and social security | 454/9 | €64,535 | €50,266 | -€14,269 | -22.1% |
| Other amounts payable | 47/48 | €171,439 | €204,596 | +€33,157 | +19.3% |
| Remuneration, social security and pensions | 62 | €253,574 | €254,335 | +€761 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,033 | €43,392 | +€3,359 | +8.4% |
| Other operating charges | 640/8 | €3,387 | €2,454 | -€932 | -27.5% |
| Gross operating margin | 9900 | €405,324 | €348,443 | -€56,880 | -14.0% |
| Operating profit (loss) | 9901 | €108,330 | €48,262 | -€60,068 | -55.4% |
| Financial income | 75/76B | €774 | €10,884 | +€10,110 | +1,307% |
| Recurring financial income | 75 | €774 | €10,884 | +€10,110 | +1,307% |
| Financial charges | 65/66B | €17,840 | €13,118 | -€4,722 | -26.5% |
| Recurring financial charges | 65 | €17,840 | €13,118 | -€4,722 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €91,264 | €46,028 | -€45,237 | -49.6% |
| Income taxes | 67/77 | €67 | €5,727 | +€5,659 | +8,424% |
| Profit (loss) for the period | 9904 | €91,197 | €40,301 | -€50,896 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,197 | €40,301 | -€50,896 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.