TWEELUWE: 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.
TWEELUWE
Largest movements
- Cash +€122,110
up €122,110 (+34.4%), from €355,430 to €477,541
mainly Net result for the year (+€127,347) and Other debts (+€15,920)
- Reserves +€127,347
up €127,347 (+28.9%), from €440,130 to €567,476
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Other debts +€15,920
up €15,920 (+5.3%), from €301,221 to €317,140
- Tax, wage and social debts +€13,919
up €13,919 (+94.2%), from €14,780 to €28,699
of which Taxes: +€8,948
- Gross operating margin +€112,340
up €112,340 (+179%), from €62,667 to €175,007
- Taxes +€35,234
up €35,234 (+174%), from €20,206 to €55,441
- Financial income +€12,806
up €12,806 (+46.9%), from €27,305 to €40,111
- Financial charges +€2,449
up €2,449 (+11.0%), from €22,303 to €24,753
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 | €830,390 | €941,514 | +€111,124 | +13.4% |
| Fixed assets | 21/28 | €9,484 | €5,090 | -€4,394 | -46.3% |
| Tangible fixed assets | 22/27 | €9,484 | €5,090 | -€4,394 | -46.3% |
| Furniture and vehicles | 24 | €9,484 | €5,090 | -€4,394 | -46.3% |
| Current assets | 29/58 | €820,906 | €936,423 | +€115,517 | +14.1% |
| Amounts receivable within one year | 40/41 | €11,032 | €5,443 | -€5,589 | -50.7% |
| Trade receivables | 40 | €687 | €1,880 | +€1,193 | +174% |
| Other amounts receivable | 41 | €10,345 | €3,564 | -€6,782 | -65.6% |
| Current investments | 50/53 | €447,161 | €447,986 | +€824 | +0.2% |
| Cash at bank and in hand | 54/58 | €355,430 | €477,541 | +€122,110 | +34.4% |
| Deferred charges and accrued income | 490/1 | €7,282 | €5,454 | -€1,828 | -25.1% |
| Total equity and liabilities | 10/49 | €830,390 | €941,514 | +€111,124 | +13.4% |
| Equity | 10/15 | €452,530 | €579,876 | +€127,347 | +28.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €440,130 | €567,476 | +€127,347 | +28.9% |
| Distributable reserves | 133 | €440,130 | €567,476 | +€127,347 | +28.9% |
| Amounts payable | 17/49 | €377,860 | €361,637 | -€16,223 | -4.3% |
| Amounts payable within one year | 42/48 | €377,026 | €361,218 | -€15,808 | -4.2% |
| Trade debts | 44 | €11,026 | €15,379 | +€4,354 | +39.5% |
| Suppliers | 440/4 | €11,026 | €15,379 | +€4,354 | +39.5% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €14,780 | €28,699 | +€13,919 | +94.2% |
| Taxes | 450/3 | €14,780 | €23,728 | +€8,948 | +60.5% |
| Remuneration and social security | 454/9 | - | €4,971 | +€4,971 | |
| Other amounts payable | 47/48 | €301,221 | €317,140 | +€15,920 | +5.3% |
| Accrued charges and deferred income | 492/3 | €834 | €419 | -€415 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,341 | €4,394 | +€52 | +1.2% |
| Other operating charges | 640/8 | €2,359 | €3,184 | +€825 | +35.0% |
| Gross operating margin | 9900 | €62,667 | €175,007 | +€112,340 | +179% |
| Operating profit (loss) | 9901 | €55,967 | €167,429 | +€111,463 | +199% |
| Financial income | 75/76B | €27,305 | €40,111 | +€12,806 | +46.9% |
| Recurring financial income | 75 | €27,305 | €40,111 | +€12,806 | +46.9% |
| Financial charges | 65/66B | €22,303 | €24,753 | +€2,449 | +11.0% |
| Recurring financial charges | 65 | €22,303 | €24,753 | +€2,449 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €60,968 | €182,787 | +€121,819 | +200% |
| Income taxes | 67/77 | €20,206 | €55,441 | +€35,234 | +174% |
| Profit (loss) for the period | 9904 | €40,762 | €127,347 | +€86,584 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €40,762 | €127,347 | +€86,584 | +212% |
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 26 October 2026 via checked.be.