TWI-CIT: 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.
TWI-CIT
Largest movements
- Tangible fixed assets -€16,764
down €16,764 (-26.3%), from €63,702 to €46,939
- Receivables within one year -€8,525
down €8,525 (-65.4%), from €13,030 to €4,505
of which Trade receivables: -€10,507
- Cash +€5,697
up €5,697 (+306%), from €1,865 to €7,562
mainly Depreciation (+€16,764) and Receivables within one year (+€8,525)
- Other debts -€9,939
down €9,939 (-18.6%), from €53,569 to €43,630
- Trade debts -€9,859
down €9,859 (-98.6%), from €10,000 to €141
- Depreciation +€13,411
up €13,411 (+400%), from €3,353 to €16,764
- Gross operating margin +€8,023
up €8,023 (+79.0%), from €10,152 to €18,175
- Other operating charges -€5,441
down €5,441 (-84.3%), from €6,455 to €1,014
- Turnover +€4,832
up €4,832 (+9.9%), from €49,025 to €53,856
- Purchases and services -€3,191
down €3,191 (-8.2%), from €38,872 to €35,681
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 | €78,678 | €59,087 | -€19,591 | -24.9% |
| Fixed assets | 21/28 | €63,784 | €47,020 | -€16,764 | -26.3% |
| Tangible fixed assets | 22/27 | €63,702 | €46,939 | -€16,764 | -26.3% |
| Furniture and vehicles | 24 | €63,702 | €46,939 | -€16,764 | -26.3% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €14,894 | €12,067 | -€2,827 | -19.0% |
| Amounts receivable within one year | 40/41 | €13,030 | €4,505 | -€8,525 | -65.4% |
| Trade receivables | 40 | €10,507 | - | -€10,507 | |
| Other amounts receivable | 41 | €2,522 | €4,505 | +€1,983 | +78.6% |
| Cash at bank and in hand | 54/58 | €1,865 | €7,562 | +€5,697 | +306% |
| Total equity and liabilities | 10/49 | €78,678 | €59,087 | -€19,591 | -24.9% |
| Equity | 10/15 | €15,109 | €15,316 | +€207 | +1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €164 | €164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €164 | €164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €164 | €164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,945 | €10,152 | +€207 | +2.1% |
| Amounts payable | 17/49 | €63,569 | €43,771 | -€19,798 | -31.1% |
| Amounts payable within one year | 42/48 | €63,569 | €43,771 | -€19,798 | -31.1% |
| Trade debts | 44 | €10,000 | €141 | -€9,859 | -98.6% |
| Suppliers | 440/4 | €10,000 | €141 | -€9,859 | -98.6% |
| Other amounts payable | 47/48 | €53,569 | €43,630 | -€9,939 | -18.6% |
| Turnover | 70 | €49,025 | €53,856 | +€4,832 | +9.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,872 | €35,681 | -€3,191 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,353 | €16,764 | +€13,411 | +400% |
| Other operating charges | 640/8 | €6,455 | €1,014 | -€5,441 | -84.3% |
| Gross operating margin | 9900 | €10,152 | €18,175 | +€8,023 | +79.0% |
| Operating profit (loss) | 9901 | €344 | €397 | +€53 | +15.4% |
| Financial charges | 65/66B | €165 | €190 | +€25 | +15.4% |
| Recurring financial charges | 65 | €165 | €190 | +€25 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €179 | €207 | +€28 | +15.4% |
| Profit (loss) for the period | 9904 | €179 | €207 | +€28 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €179 | €207 | +€28 | +15.4% |
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 21 October 2026 via checked.be.