TWEN: what changed
Two fiscal 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.
TWEN
Largest movements
- Receivables within one year -€586,695
down €586,695 (-89.7%), from €654,064 to €67,369
of which Trade receivables: -€651,857
- Tangible fixed assets +€203,727
up €203,727 (+31.7%), from €643,085 to €846,812
of which Land and buildings: +€161,645
- Cash +€41,022
up €41,022 (+29.2%), from €140,688 to €181,710
mainly Receivables within one year (+€586,695) and Accrued charges and deferred income (+€114,000)
- Trade debts -€529,661
down €529,661 (-91.9%), from €576,202 to €46,542
- Accrued charges and deferred income +€114,000
up €114,000 (+147.1%), from €77,500 to €191,500
- Other debts +€91,520
up €91,520 (+38.2%), from €239,572 to €331,092
- Reserves +€33,067
up €33,067 (+32.6%), from €101,488 to €134,556
- Debts after one year -€32,492
down €32,492 (-8.5%), from €380,437 to €347,946
- Gross operating margin +€35,114
up €35,114 (+35.6%), from €98,544 to €133,657
- Depreciation +€22,525
up €22,525 (+51.9%), from €43,384 to €65,909
- Other operating charges +€13,992
up €13,992 (+2835.5%), from €493 to €14,485
- Taxes +€3,221
up €3,221 (+101.4%), from €3,177 to €6,398
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,441,628 | €1,098,351 | -€343,277 | -23.8% |
| Fixed assets | 21/28 | €646,450 | €848,816 | +€202,367 | +31.3% |
| Intangible fixed assets | 21 | €3,365 | €2,005 | -€1,360 | -40.4% |
| Tangible fixed assets | 22/27 | €643,085 | €846,812 | +€203,727 | +31.7% |
| Land and buildings | 22 | €572,530 | €734,175 | +€161,645 | +28.2% |
| Plant, machinery and equipment | 23 | €1,414 | €1,596 | +€182 | +12.8% |
| Furniture and vehicles | 24 | €69,140 | €111,041 | +€41,901 | +60.6% |
| Current assets | 29/58 | €795,179 | €249,535 | -€545,644 | -68.6% |
| Amounts receivable within one year | 40/41 | €654,064 | €67,369 | -€586,695 | -89.7% |
| Trade receivables | 40 | €652,857 | €1,000 | -€651,857 | -99.8% |
| Other amounts receivable | 41 | €1,206 | €66,369 | +€65,163 | +5401.1% |
| Cash at bank and in hand | 54/58 | €140,688 | €181,710 | +€41,022 | +29.2% |
| Deferred charges and accrued income | 490/1 | €427 | €456 | +€29 | +6.8% |
| Total equity and liabilities | 10/49 | €1,441,628 | €1,098,351 | -€343,277 | -23.8% |
| Equity | 10/15 | €107,688 | €140,756 | +€33,067 | +30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,488 | €134,556 | +€33,067 | +32.6% |
| Distributable reserves | 133 | €101,488 | €134,556 | +€33,067 | +32.6% |
| Amounts payable | 17/49 | €1,333,940 | €957,596 | -€376,344 | -28.2% |
| Amounts payable after more than one year | 17 | €380,437 | €347,946 | -€32,492 | -8.5% |
| Financial debts | 170/4 | €380,437 | €347,946 | -€32,492 | -8.5% |
| Amounts payable within one year | 42/48 | €876,003 | €418,150 | -€457,853 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €29,986 | €32,492 | +€2,506 | +8.4% |
| Trade debts | 44 | €576,202 | €46,542 | -€529,661 | -91.9% |
| Suppliers | 440/4 | €576,202 | €46,542 | -€529,661 | -91.9% |
| Advances received on contracts in progress | 46 | €25,441 | €0 | -€25,441 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,802 | €8,025 | +€3,223 | +67.1% |
| Taxes | 450/3 | €4,802 | €8,025 | +€3,223 | +67.1% |
| Other amounts payable | 47/48 | €239,572 | €331,092 | +€91,520 | +38.2% |
| Accrued charges and deferred income | 492/3 | €77,500 | €191,500 | +€114,000 | +147.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,384 | €65,909 | +€22,525 | +51.9% |
| Other operating charges | 640/8 | €493 | €14,485 | +€13,992 | +2835.5% |
| Gross operating margin | 9900 | €98,544 | €133,657 | +€35,114 | +35.6% |
| Operating profit (loss) | 9901 | €54,666 | €53,263 | -€1,403 | -2.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €13,221 | €13,799 | +€578 | +4.4% |
| Recurring financial charges | 65 | €13,221 | €13,799 | +€578 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €41,446 | €39,465 | -€1,981 | -4.8% |
| Income taxes | 67/77 | €3,177 | €6,398 | +€3,221 | +101.4% |
| Profit (loss) for the period | 9904 | €38,269 | €33,067 | -€5,202 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,269 | €33,067 | -€5,202 | -13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.