TWI CONSULT & ENGINEERING: 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.
TWI CONSULT & ENGINEERING
Largest movements
- Receivables within one year +€62,955
up €62,955 (+206.5%), from €30,484 to €93,439
of which Trade receivables: +€61,250
- Tangible fixed assets -€19,110
down €19,110 (-7.8%), from €245,138 to €226,027
of which Land and buildings: -€14,177
- Cash -€10,910
down €10,910 (-53.8%), from €20,264 to €9,355
mainly Receivables within one year (-€62,955) and Debts after one year (-€9,454)
- Reserves +€24,618
up €24,618 (+74.5%), from €33,037 to €57,654
- Debts after one year -€9,454
down €9,454 (-4.1%), from €228,454 to €219,000
- Tax, wage and social debts +€9,378
up €9,378 (+309.3%), from €3,032 to €12,409
of which Taxes: +€11,478
- Trade debts +€6,511
up €6,511 (+23.5%), from €27,750 to €34,261
- Gross operating margin +€31,095
up €31,095 (+100.1%), from €31,067 to €62,162
- Depreciation +€8,437
up €8,437 (+79.0%), from €10,674 to €19,110
- Financial income -€6,552
down €6,552 (-79.6%), from €8,232 to €1,680
- Taxes +€1,257
up €1,257 (+13.7%), from €9,183 to €10,441
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 | €308,088 | €340,072 | +€31,984 | +10.4% |
| Fixed assets | 21/28 | €245,138 | €226,027 | -€19,110 | -7.8% |
| Tangible fixed assets | 22/27 | €245,138 | €226,027 | -€19,110 | -7.8% |
| Land and buildings | 22 | €236,983 | €222,806 | -€14,177 | -6.0% |
| Furniture and vehicles | 24 | €8,155 | €3,222 | -€4,933 | -60.5% |
| Current assets | 29/58 | €62,950 | €114,045 | +€51,095 | +81.2% |
| Stocks and contracts in progress | 3 | €10,976 | €10,748 | -€228 | -2.1% |
| Stocks | 30/36 | €10,976 | €10,748 | -€228 | -2.1% |
| Amounts receivable within one year | 40/41 | €30,484 | €93,439 | +€62,955 | +206.5% |
| Trade receivables | 40 | €25,606 | €86,856 | +€61,250 | +239.2% |
| Other amounts receivable | 41 | €4,879 | €6,583 | +€1,705 | +34.9% |
| Cash at bank and in hand | 54/58 | €20,264 | €9,355 | -€10,910 | -53.8% |
| Deferred charges and accrued income | 490/1 | €1,225 | €503 | -€722 | -58.9% |
| Total equity and liabilities | 10/49 | €308,088 | €340,072 | +€31,984 | +10.4% |
| Equity | 10/15 | €39,537 | €64,154 | +€24,618 | +62.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €33,037 | €57,654 | +€24,618 | +74.5% |
| Distributable reserves | 133 | €33,037 | €57,654 | +€24,618 | +74.5% |
| Amounts payable | 17/49 | €268,551 | €275,918 | +€7,367 | +2.7% |
| Amounts payable after more than one year | 17 | €228,454 | €219,000 | -€9,454 | -4.1% |
| Financial debts | 170/4 | €228,454 | €219,000 | -€9,454 | -4.1% |
| Amounts payable within one year | 42/48 | €39,872 | €56,793 | +€16,921 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €5,001 | €4,504 | -€497 | -9.9% |
| Trade debts | 44 | €27,750 | €34,261 | +€6,511 | +23.5% |
| Suppliers | 440/4 | €27,750 | €34,261 | +€6,511 | +23.5% |
| Taxes, remuneration and social security | 45 | €3,032 | €12,409 | +€9,378 | +309.3% |
| Taxes | 450/3 | €932 | €12,409 | +€11,478 | +1232.1% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €4,090 | €5,619 | +€1,529 | +37.4% |
| Accrued charges and deferred income | 492/3 | €225 | €125 | -€100 | -44.4% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,674 | €19,110 | +€8,437 | +79.0% |
| Other operating charges | 640/8 | €2,093 | €2,525 | +€432 | +20.7% |
| Gross operating margin | 9900 | €31,067 | €62,162 | +€31,095 | +100.1% |
| Operating profit (loss) | 9901 | €18,300 | €40,526 | +€22,226 | +121.5% |
| Financial income | 75/76B | €8,232 | €1,680 | -€6,552 | -79.6% |
| Recurring financial income | 75 | €8,232 | €1,680 | -€6,552 | -79.6% |
| Financial charges | 65/66B | €6,983 | €7,148 | +€165 | +2.4% |
| Recurring financial charges | 65 | €6,983 | €7,148 | +€165 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €19,549 | €35,058 | +€15,509 | +79.3% |
| Income taxes | 67/77 | €9,183 | €10,441 | +€1,257 | +13.7% |
| Profit (loss) for the period | 9904 | €10,366 | €24,618 | +€14,252 | +137.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,366 | €24,618 | +€14,252 | +137.5% |
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.