TWEES: 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.
TWEES
Largest movements
- Receivables within one year +€6,355
up €6,355 (+53.4%), from €11,899 to €18,254
of which Trade receivables: +€7,342
- Tangible fixed assets -€3,754
down €3,754 (-40.6%), from €9,248 to €5,494
of which Plant, machinery and equipment: -€2,000
- Cash -€476
down €476 (-63.3%), from €753 to €276
mainly Receivables within one year (-€6,355) and Current portion of long-term debt (-€3,964)
- Trade debts +€6,665
up €6,665 (+171%), from €3,901 to €10,567
- Current portion of long-term debt -€3,964
down €3,964 (-76.7%), from €5,168 to €1,203
- Tax, wage and social debts +€3,468
up €3,468 (+44.0%), from €7,879 to €11,347
of which Taxes: +€3,468
- Short-term financial debts -€3,328
down €3,328 (-36.9%), from €9,024 to €5,696
of which Credit institutions: -€3,221
- Debts after one year -€1,203
no longer reported in 2025 (was €1,203)
- Gross operating margin +€11,145
up €11,145, from -€2,322 to €8,823
- Depreciation -€2,942
down €2,942 (-43.9%), from €6,697 to €3,754
- Financial charges +€1,017
up €1,017 (+48.9%), from €2,077 to €3,094
- Other operating charges -€981
down €981 (-42.6%), from €2,300 to €1,319
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 | €36,076 | €38,299 | +€2,223 | +6.2% |
| Fixed assets | 21/28 | €12,148 | €8,394 | -€3,754 | -30.9% |
| Tangible fixed assets | 22/27 | €9,248 | €5,494 | -€3,754 | -40.6% |
| Plant, machinery and equipment | 23 | €6,526 | €4,526 | -€2,000 | -30.6% |
| Furniture and vehicles | 24 | €1,913 | €968 | -€946 | -49.4% |
| Leasing and similar rights | 25 | €809 | - | -€809 | |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €23,929 | €29,906 | +€5,977 | +25.0% |
| Stocks and contracts in progress | 3 | €10,967 | €11,325 | +€357 | +3.3% |
| Stocks | 30/36 | €10,967 | €11,325 | +€357 | +3.3% |
| Amounts receivable within one year | 40/41 | €11,899 | €18,254 | +€6,355 | +53.4% |
| Trade receivables | 40 | €1,220 | €8,562 | +€7,342 | +602% |
| Other amounts receivable | 41 | €10,679 | €9,692 | -€987 | -9.2% |
| Cash at bank and in hand | 54/58 | €753 | €276 | -€476 | -63.3% |
| Deferred charges and accrued income | 490/1 | €309 | €50 | -€259 | -83.7% |
| Total equity and liabilities | 10/49 | €36,076 | €38,299 | +€2,223 | +6.2% |
| Equity | 10/15 | -€22,769 | -€22,244 | +€525 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331 | €331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €331 | €331 | = | 0.0% |
| Reserves not available under the articles | 1311 | €331 | €331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,299 | -€28,775 | +€525 | +1.8% |
| Amounts payable | 17/49 | €58,845 | €60,543 | +€1,698 | +2.9% |
| Amounts payable after more than one year | 17 | €1,203 | - | -€1,203 | |
| Financial debts | 170/4 | €1,203 | - | -€1,203 | |
| Amounts payable within one year | 42/48 | €57,642 | €60,543 | +€2,901 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €5,168 | €1,203 | -€3,964 | -76.7% |
| Financial debts | 43 | €9,024 | €5,696 | -€3,328 | -36.9% |
| Credit institutions | 430/8 | €7,315 | €4,094 | -€3,221 | -44.0% |
| Other loans | 439 | €1,709 | €1,602 | -€107 | -6.3% |
| Trade debts | 44 | €3,901 | €10,567 | +€6,665 | +171% |
| Suppliers | 440/4 | €3,901 | €10,567 | +€6,665 | +171% |
| Taxes, remuneration and social security | 45 | €7,879 | €11,347 | +€3,468 | +44.0% |
| Taxes | 450/3 | €7,879 | €11,347 | +€3,468 | +44.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,670 | €31,730 | +€60 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,697 | €3,754 | -€2,942 | -43.9% |
| Other operating charges | 640/8 | €2,300 | €1,319 | -€981 | -42.6% |
| Gross operating margin | 9900 | -€2,322 | €8,823 | +€11,145 | |
| Operating profit (loss) | 9901 | -€11,319 | €3,749 | +€15,068 | |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €2,077 | €3,094 | +€1,017 | +48.9% |
| Recurring financial charges | 65 | €2,077 | €3,094 | +€1,017 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,396 | €677 | +€14,073 | |
| Income taxes | 67/77 | €156 | €152 | -€4 | -2.7% |
| Profit (loss) for the period | 9904 | -€13,552 | €525 | +€14,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,552 | €525 | +€14,077 |
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 13 October 2026 via checked.be.