TWEHA GLOBAL VENTURES: 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.
TWEHA GLOBAL VENTURES
Largest movements
- Tangible fixed assets +€87,132
new in 2025: €87,132
of which Leasing and similar rights: +€83,947
- Current investments +€34,145
new in 2025: €34,145
- Cash +€18,222
up €18,222 (+51.4%), from €35,473 to €53,696
mainly Net result for the year (+€98,998) and Debts after one year (+€46,196)
- Receivables within one year +€11,478
up €11,478 (+187%), from €6,136 to €17,614
of which Other amounts receivable: +€11,421
- Reserves +€98,998
up €98,998 (+279%), from €35,455 to €134,453
- Debts after one year +€46,196
up €46,196 (+13.2%), from €350,000 to €396,196
of which Financial debts: +€51,468
- Current portion of long-term debt +€9,348
new in 2025: €9,348
- Financial income +€50,658
new in 2025: €50,658
- Gross operating margin +€24,636
up €24,636 (+53.4%), from €46,092 to €70,728
- Taxes +€4,019
up €4,019 (+45.3%), from €8,864 to €12,883
- Depreciation +€3,327
up €3,327 (+245%), from €1,359 to €4,687
- Other operating charges +€2,893
up €2,893 (+747%), from €387 to €3,280
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 | €391,920 | €544,759 | +€152,839 | +39.0% |
| Formation expenses | 20 | €272 | €0 | -€272 | -100% |
| Fixed assets | 21/28 | €350,000 | €437,132 | +€87,132 | +24.9% |
| Tangible fixed assets | 22/27 | - | €87,132 | +€87,132 | |
| Plant, machinery and equipment | 23 | - | €1,935 | +€1,935 | |
| Furniture and vehicles | 24 | - | €1,250 | +€1,250 | |
| Leasing and similar rights | 25 | - | €83,947 | +€83,947 | |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €41,648 | €107,627 | +€65,978 | +158% |
| Amounts receivable within one year | 40/41 | €6,136 | €17,614 | +€11,478 | +187% |
| Trade receivables | 40 | - | €57 | +€57 | |
| Other amounts receivable | 41 | €6,136 | €17,557 | +€11,421 | +186% |
| Current investments | 50/53 | - | €34,145 | +€34,145 | |
| Cash at bank and in hand | 54/58 | €35,473 | €53,696 | +€18,222 | +51.4% |
| Deferred charges and accrued income | 490/1 | €39 | €2,172 | +€2,133 | +5,505% |
| Total equity and liabilities | 10/49 | €391,920 | €544,759 | +€152,839 | +39.0% |
| Equity | 10/15 | €38,455 | €137,453 | +€98,998 | +257% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,455 | €134,453 | +€98,998 | +279% |
| Distributable reserves | 133 | €35,455 | €134,453 | +€98,998 | +279% |
| Amounts payable | 17/49 | €353,466 | €407,306 | +€53,841 | +15.2% |
| Amounts payable after more than one year | 17 | €350,000 | €396,196 | +€46,196 | +13.2% |
| Financial debts | 170/4 | - | €51,468 | +€51,468 | |
| Other amounts payable | 178/9 | €350,000 | €344,727 | -€5,273 | -1.5% |
| Amounts payable within one year | 42/48 | €3,466 | €10,967 | +€7,501 | +216% |
| Current portion of amounts payable after more than one year | 42 | - | €9,348 | +€9,348 | |
| Trade debts | 44 | €300 | €0 | -€300 | -100% |
| Suppliers | 440/4 | €300 | €0 | -€300 | -100% |
| Taxes, remuneration and social security | 45 | €2,778 | €1,619 | -€1,160 | -41.7% |
| Taxes | 450/3 | €2,778 | €1,619 | -€1,160 | -41.7% |
| Other amounts payable | 47/48 | €387 | €0 | -€387 | -100% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €4,687 | +€3,327 | +245% |
| Other operating charges | 640/8 | €387 | €3,280 | +€2,893 | +747% |
| Gross operating margin | 9900 | €46,092 | €70,728 | +€24,636 | +53.4% |
| Operating profit (loss) | 9901 | €44,345 | €62,761 | +€18,415 | +41.5% |
| Financial income | 75/76B | - | €50,658 | +€50,658 | |
| Recurring financial income | 75 | - | €50,658 | +€50,658 | |
| Financial charges | 65/66B | €27 | €1,538 | +€1,511 | +5,596% |
| Recurring financial charges | 65 | €27 | €1,538 | +€1,511 | +5,596% |
| Profit (loss) for the period before taxes | 9903 | €44,318 | €111,881 | +€67,563 | +152% |
| Income taxes | 67/77 | €8,864 | €12,883 | +€4,019 | +45.3% |
| Profit (loss) for the period | 9904 | €35,455 | €98,998 | +€63,543 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €35,455 | €98,998 | +€63,543 | +179% |
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 26 October 2026 via checked.be.