TWI: 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.
What changed
TWI
NACE 88.993, Social work activities without accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€911,510
2024 · -€362,202-€549,308
Equity
€934,214
2024 · €1.9m-€919,212
Cash
€15,951
2024 · -+€15,951
Balance sheet total
€4.6m
2024 · €2.9m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+326.9%), from €782,065 to €3.3m
of which Land and buildings: +€2.7m
- Current investments -€509,584
down €509,584 (-54.3%), from €937,704 to €428,120
- Receivables within one year -€377,550
down €377,550 (-39.7%), from €950,129 to €572,579
of which Other amounts receivable: -€260,526
Equity and liabilities
- Debts after one year +€2.4m
new in 2025: €2.4m
- Profit (loss) carried forward -€911,510
down €911,510 (-4566.5%), from -€19,961 to -€931,471
- Debts within one year +€177,512
up €177,512 (+16.8%), from €1.1m to €1.2m
of which Current portion of long-term debt: +€127,500
Income statement
- Depreciation +€393,082
up €393,082 (+345.2%), from €113,861 to €506,943
- Staff costs +€164,636
up €164,636 (+3.3%), from €5.0m to €5.2m
- Financial income -€65,305
down €65,305 (-61.3%), from €106,606 to €41,302
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.
Result 2024
-€362,202
Gross operating margin
+€14,626
Staff costs
-€164,636
Depreciation
-€393,082
Other operating charges
-€39,248
Other operating items
+€137,099
Financial income
-€65,305
Financial charges
-€38,762
Result 2025
-€911,510
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.
From operations
+€158,967
Investment
-€2.6m
Financing
+€2.4m
Cash 2024
€0
From operations (derived)
+€158,967
Net result for the year
-€911,510
Depreciation
+€506,943
Smaller working-capital items
+€16
Receivables within one year
+€377,550
Debts within one year
+€177,512
Accrued charges and deferred income
+€8,456
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€3.1m
Current investments
+€509,584
Financing
+€2.4m
Debts after one year
+€2.4m
Contributions, distributions and other
-€7,702
Cash 2025
€15,951
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,922,412 | €4,611,668 | +€1.7m | +57.8% |
| Fixed assets | 21/28 | €947,472 | €3,507,926 | +€2.6m | +270.2% |
| Intangible fixed assets | 21 | €2,496 | €6,310 | +€3,814 | +152.8% |
| Tangible fixed assets | 22/27 | €782,065 | €3,338,706 | +€2.6m | +326.9% |
| Land and buildings | 22 | €21,285 | €2,764,433 | +€2.7m | +12887.7% |
| Plant, machinery and equipment | 23 | €27,410 | €28,807 | +€1,397 | +5.1% |
| Furniture and vehicles | 24 | €206,169 | €224,276 | +€18,107 | +8.8% |
| Other tangible fixed assets | 26 | €160,039 | €136,468 | -€23,571 | -14.7% |
| Assets under construction and advance payments | 27 | €367,161 | €184,721 | -€182,440 | -49.7% |
| Financial fixed assets | 28 | €162,910 | €162,910 | = | 0.0% |
| Current assets | 29/58 | €1,974,941 | €1,103,742 | -€871,199 | -44.1% |
| Stocks and contracts in progress | 3 | €19,191 | €17,744 | -€1,447 | -7.5% |
| Stocks | 30/36 | €19,191 | €17,744 | -€1,447 | -7.5% |
| Amounts receivable within one year | 40/41 | €950,129 | €572,579 | -€377,550 | -39.7% |
| Trade receivables | 40 | €604,055 | €487,031 | -€117,024 | -19.4% |
| Other amounts receivable | 41 | €346,074 | €85,549 | -€260,526 | -75.3% |
| Current investments | 50/53 | €937,704 | €428,120 | -€509,584 | -54.3% |
| Cash at bank and in hand | 54/58 | - | €15,951 | +€15,951 | |
| Deferred charges and accrued income | 490/1 | €67,917 | €69,348 | +€1,431 | +2.1% |
| Total equity and liabilities | 10/49 | €2,922,412 | €4,611,668 | +€1.7m | +57.8% |
| Equity | 10/15 | €1,853,426 | €934,214 | -€919,212 | -49.6% |
| Contributions | 10/11 | €68,815 | €68,815 | = | 0.0% |
| Capital | 10 | €68,815 | €68,815 | = | 0.0% |
| Reserves | 13 | €1,754,357 | €1,754,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,961 | -€931,471 | -€911,510 | -4566.5% |
| Investment grants | 15 | €50,215 | €42,512 | -€7,702 | -15.3% |
| Amounts payable | 17/49 | €1,068,986 | €3,677,454 | +€2.6m | +244.0% |
| Amounts payable after more than one year | 17 | - | €2,422,500 | +€2.4m | |
| Financial debts | 170/4 | - | €2,422,500 | +€2.4m | |
| Amounts payable within one year | 42/48 | €1,059,101 | €1,236,612 | +€177,512 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €127,500 | +€127,500 | |
| Trade debts | 44 | €188,915 | €269,040 | +€80,124 | +42.4% |
| Suppliers | 440/4 | €188,915 | €269,040 | +€80,124 | +42.4% |
| Taxes, remuneration and social security | 45 | €738,317 | €833,101 | +€94,784 | +12.8% |
| Taxes | 450/3 | €104,537 | €116,403 | +€11,866 | +11.4% |
| Remuneration and social security | 454/9 | €633,780 | €716,698 | +€82,918 | +13.1% |
| Accrued charges and deferred income | 492/3 | €9,885 | €18,342 | +€8,456 | +85.5% |
| Non-recurring operating income | 76A | €22,094 | €49,698 | +€27,604 | +124.9% |
| Remuneration, social security and pensions | 62 | €5,048,106 | €5,212,742 | +€164,636 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,861 | €506,943 | +€393,082 | +345.2% |
| Other operating charges | 640/8 | €19,466 | €58,714 | +€39,248 | +201.6% |
| Non-recurring operating charges | 66A | €301,776 | €144,277 | -€157,499 | -52.2% |
| Gross operating margin | 9900 | €4,998,826 | €5,013,452 | +€14,626 | +0.3% |
| Operating profit (loss) | 9901 | -€463,983 | -€909,224 | -€445,241 | -96.0% |
| Financial income | 75/76B | €106,606 | €41,302 | -€65,305 | -61.3% |
| Recurring financial income | 75 | €106,606 | €41,302 | -€65,305 | -61.3% |
| Financial charges | 65/66B | €4,826 | €43,588 | +€38,762 | +803.2% |
| Recurring financial charges | 65 | €4,826 | €43,588 | +€38,762 | +803.2% |
| Profit (loss) for the period before taxes | 9903 | -€362,202 | -€911,510 | -€549,308 | -151.7% |
| Profit (loss) for the period | 9904 | -€362,202 | -€911,510 | -€549,308 | -151.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€362,202 | -€911,510 | -€549,308 | -151.7% |
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 3 October 2026 via checked.be.