TWIDO: 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.
TWIDO
Largest movements
- Receivables within one year +€36,399
up €36,399 (+38.0%), from €95,794 to €132,193
of which Other amounts receivable: +€44,595
- Tangible fixed assets -€23,842
down €23,842 (-47.2%), from €50,564 to €26,722
of which Plant, machinery and equipment: -€23,533
- Cash -€17,336
down €17,336 (-30.8%), from €56,354 to €39,018
mainly Contributions, distributions and other (-€46,501) and Receivables within one year (-€36,399)
- Intangible fixed assets -€2,650
down €2,650 (-44.1%), from €6,008 to €3,358
- Profit (loss) carried forward -€45,500
down €45,500 (-31.6%), from €144,120 to €98,620
- Other debts +€24,050
up €24,050 (+112.1%), from €21,450 to €45,500
- Reserves +€12,250
up €12,250 (+52.2%), from €23,458 to €35,708
of which Distributable reserves: +€12,631
- Tax, wage and social debts +€5,139
up €5,139 (+111.1%), from €4,626 to €9,765
- Current portion of long-term debt -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Turnover -€228,762
no longer reported in 2025 (was €228,762)
- Purchases and services -€178,321
no longer reported in 2025 (was €178,321)
- Other operating charges -€13,353
down €13,353 (-69.2%), from €19,309 to €5,956
- Taxes +€10,148
up €10,148, from -€7,428 to €2,720
- Gross operating margin -€7,236
down €7,236 (-14.3%), from €50,442 to €43,206
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 | €222,657 | €214,206 | -€8,451 | -3.8% |
| Fixed assets | 21/28 | €63,122 | €36,630 | -€26,492 | -42.0% |
| Intangible fixed assets | 21 | €6,008 | €3,358 | -€2,650 | -44.1% |
| Tangible fixed assets | 22/27 | €50,564 | €26,722 | -€23,842 | -47.2% |
| Plant, machinery and equipment | 23 | €49,483 | €25,950 | -€23,533 | -47.6% |
| Furniture and vehicles | 24 | €1,081 | €772 | -€309 | -28.6% |
| Financial fixed assets | 28 | €6,550 | €6,550 | = | 0.0% |
| Current assets | 29/58 | €159,535 | €177,576 | +€18,041 | +11.3% |
| Amounts receivable within one year | 40/41 | €95,794 | €132,193 | +€36,399 | +38.0% |
| Trade receivables | 40 | €10,399 | €2,203 | -€8,196 | -78.8% |
| Other amounts receivable | 41 | €85,395 | €129,990 | +€44,595 | +52.2% |
| Cash at bank and in hand | 54/58 | €56,354 | €39,018 | -€17,336 | -30.8% |
| Deferred charges and accrued income | 490/1 | €7,387 | €6,365 | -€1,022 | -13.8% |
| Total equity and liabilities | 10/49 | €222,657 | €214,206 | -€8,451 | -3.8% |
| Equity | 10/15 | €179,898 | €146,028 | -€33,870 | -18.8% |
| Contributions | 10/11 | €12,320 | €11,700 | -€620 | -5.0% |
| Reserves | 13 | €23,458 | €35,708 | +€12,250 | +52.2% |
| Non-distributable reserves | 130/1 | - | €620 | +€620 | |
| Reserves not available under the articles | 1311 | - | €620 | +€620 | |
| Tax-exempt reserves | 132 | €23,458 | €22,458 | -€1,000 | -4.3% |
| Distributable reserves | 133 | - | €12,631 | +€12,631 | |
| Profit (loss) carried forward | 14 | €144,120 | €98,620 | -€45,500 | -31.6% |
| Amounts payable | 17/49 | €42,759 | €68,178 | +€25,419 | +59.4% |
| Amounts payable within one year | 42/48 | €42,759 | €68,178 | +€25,419 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Trade debts | 44 | €4,683 | €3,913 | -€770 | -16.4% |
| Suppliers | 440/4 | €4,683 | €3,913 | -€770 | -16.4% |
| Taxes, remuneration and social security | 45 | €4,626 | €9,765 | +€5,139 | +111.1% |
| Taxes | 450/3 | €4,626 | €9,765 | +€5,139 | +111.1% |
| Other amounts payable | 47/48 | €21,450 | €45,500 | +€24,050 | +112.1% |
| Turnover | 70 | €228,762 | - | -€228,762 | |
| Goods, raw materials, services and sundry goods | 60/61 | €178,321 | - | -€178,321 | |
| Remuneration, social security and pensions | 62 | €2,010 | - | -€2,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,511 | €22,181 | -€3,330 | -13.1% |
| Other operating charges | 640/8 | €19,309 | €5,956 | -€13,353 | -69.2% |
| Gross operating margin | 9900 | €50,442 | €43,206 | -€7,236 | -14.3% |
| Operating profit (loss) | 9901 | €3,612 | €15,069 | +€11,457 | +317.2% |
| Financial income | 75/76B | €8,126 | €6,423 | -€1,703 | -21.0% |
| Recurring financial income | 75 | €8,126 | €6,423 | -€1,703 | -21.0% |
| Financial charges | 65/66B | €1,810 | €7,142 | +€5,332 | +294.6% |
| Recurring financial charges | 65 | €1,810 | €1,024 | -€786 | -43.4% |
| Non-recurring financial charges | 66B | - | €6,118 | +€6,118 | |
| Profit (loss) for the period before taxes | 9903 | €9,928 | €14,350 | +€4,422 | +44.5% |
| Transfer from deferred taxes | 780 | - | €1,000 | +€1,000 | |
| Income taxes | 67/77 | -€7,428 | €2,720 | +€10,148 | |
| Profit (loss) for the period | 9904 | €17,356 | €12,631 | -€4,725 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,356 | €12,631 | -€4,725 | -27.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.