TWENDE: 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.
TWENDE
Largest movements
- Tangible fixed assets -€23,209
down €23,209 (-65.2%), from €35,604 to €12,395
of which Furniture and vehicles: -€17,407
- Receivables within one year +€16,228
up €16,228 (+47.0%), from €34,563 to €50,791
of which Trade receivables: +€8,115
- Cash +€1,938
up €1,938 (+9.6%), from €20,192 to €22,130
mainly Tax, wage and social debts (+€33,001) and Other debts (+€24,223)
- Profit (loss) carried forward -€38,078
down €38,078 (-62.0%), from -€61,412 to -€99,490
- Tax, wage and social debts +€33,001
up €33,001 (+193.6%), from €17,048 to €50,049
of which Remuneration and social security: +€20,358
- Reserves -€25,907
down €25,907 (-21.2%), from €122,394 to €96,487
- Other debts +€24,223
up €24,223 (+49434.6%), from €49 to €24,272
- Trade debts +€5,928
up €5,928 (+126.7%), from €4,678 to €10,606
- Gross operating margin -€25,743
down €25,743, from €2,020 to -€23,723
- Depreciation -€8,296
down €8,296 (-52.3%), from €15,861 to €7,565
- Financial charges -€1,833
down €1,833 (-41.3%), from €4,435 to €2,602
- Other operating charges -€637
down €637 (-27.4%), from €2,323 to €1,686
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.
Cash bridge derived
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 | €93,652 | €88,264 | -€5,388 | -5.8% |
| Fixed assets | 21/28 | €35,604 | €12,395 | -€23,209 | -65.2% |
| Tangible fixed assets | 22/27 | €35,604 | €12,395 | -€23,209 | -65.2% |
| Plant, machinery and equipment | 23 | €7,518 | €2,909 | -€4,609 | -61.3% |
| Furniture and vehicles | 24 | €20,585 | €3,178 | -€17,407 | -84.6% |
| Other tangible fixed assets | 26 | €7,502 | €6,308 | -€1,193 | -15.9% |
| Current assets | 29/58 | €58,048 | €75,869 | +€17,821 | +30.7% |
| Amounts receivable within one year | 40/41 | €34,563 | €50,791 | +€16,228 | +47.0% |
| Trade receivables | 40 | €14,399 | €22,514 | +€8,115 | +56.4% |
| Other amounts receivable | 41 | €20,164 | €28,277 | +€8,113 | +40.2% |
| Cash at bank and in hand | 54/58 | €20,192 | €22,130 | +€1,938 | +9.6% |
| Deferred charges and accrued income | 490/1 | €3,293 | €2,948 | -€345 | -10.5% |
| Total equity and liabilities | 10/49 | €93,652 | €88,264 | -€5,388 | -5.8% |
| Equity | 10/15 | €67,182 | €3,197 | -€63,985 | -95.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,394 | €96,487 | -€25,907 | -21.2% |
| Distributable reserves | 133 | €122,394 | €96,487 | -€25,907 | -21.2% |
| Profit (loss) carried forward | 14 | -€61,412 | -€99,490 | -€38,078 | -62.0% |
| Amounts payable | 17/49 | €26,470 | €85,067 | +€58,597 | +221.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €26,083 | €85,067 | +€58,984 | +226.1% |
| Current portion of amounts payable after more than one year | 42 | €4,019 | €0 | -€4,019 | -100.0% |
| Financial debts | 43 | €289 | €140 | -€149 | -51.5% |
| Credit institutions | 430/8 | €289 | €140 | -€149 | -51.5% |
| Trade debts | 44 | €4,678 | €10,606 | +€5,928 | +126.7% |
| Suppliers | 440/4 | €4,678 | €10,606 | +€5,928 | +126.7% |
| Taxes, remuneration and social security | 45 | €17,048 | €50,049 | +€33,001 | +193.6% |
| Taxes | 450/3 | €17,048 | €29,690 | +€12,642 | +74.2% |
| Remuneration and social security | 454/9 | - | €20,358 | +€20,358 | |
| Other amounts payable | 47/48 | €49 | €24,272 | +€24,223 | +49434.6% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,861 | €7,565 | -€8,296 | -52.3% |
| Other operating charges | 640/8 | €2,323 | €1,686 | -€637 | -27.4% |
| Non-recurring operating charges | 66A | €249 | €2,215 | +€1,966 | +789.4% |
| Gross operating margin | 9900 | €2,020 | -€23,723 | -€25,743 | |
| Operating profit (loss) | 9901 | -€16,413 | -€35,189 | -€18,776 | -114.4% |
| Financial income | 75/76B | €16 | €10 | -€6 | -37.9% |
| Recurring financial income | 75 | €16 | €10 | -€6 | -37.9% |
| Financial charges | 65/66B | €4,435 | €2,602 | -€1,833 | -41.3% |
| Recurring financial charges | 65 | €4,435 | €2,602 | -€1,833 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,832 | -€37,781 | -€16,949 | -81.4% |
| Income taxes | 67/77 | €323 | €297 | -€27 | -8.3% |
| Profit (loss) for the period | 9904 | -€21,156 | -€38,078 | -€16,922 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,156 | -€38,078 | -€16,922 | -80.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.