TWIEJO: 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.
TWIEJO
Largest movements
- Tangible fixed assets -€18,335
down €18,335 (-24.0%), from €76,533 to €58,198
of which Other tangible fixed assets: -€9,297
- Cash +€16,703
up €16,703 (+22.5%), from €74,140 to €90,843
mainly Trade debts (+€20,574) and Depreciation (+€19,570)
- Stocks and contracts +€7,201
up €7,201 (+11.7%), from €61,802 to €69,002
- Trade debts +€20,574
up €20,574 (+727%), from €2,832 to €23,406
- Reserves -€11,003
down €11,003 (-6.6%), from €167,448 to €156,445
- Tax, wage and social debts +€7,374
up €7,374 (+218%), from €3,384 to €10,758
- Debts after one year -€4,187
no longer reported in 2025 (was €4,187)
- Current portion of long-term debt -€2,930
down €2,930 (-44.9%), from €6,522 to €3,591
- Gross operating margin +€7,213
up €7,213 (+192%), from €3,754 to €10,967
- Depreciation -€3,184
down €3,184 (-14.0%), from €22,754 to €19,570
- Financial income +€119
up €119 (+35.3%), from €336 to €455
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 | €225,872 | €233,671 | +€7,800 | +3.5% |
| Fixed assets | 21/28 | €76,533 | €58,198 | -€18,335 | -24.0% |
| Tangible fixed assets | 22/27 | €76,533 | €58,198 | -€18,335 | -24.0% |
| Plant, machinery and equipment | 23 | €232 | €40 | -€191 | -82.6% |
| Furniture and vehicles | 24 | €1,178 | €1,344 | +€166 | +14.1% |
| Leasing and similar rights | 25 | €11,951 | €2,938 | -€9,013 | -75.4% |
| Other tangible fixed assets | 26 | €63,172 | €53,875 | -€9,297 | -14.7% |
| Current assets | 29/58 | €149,338 | €175,473 | +€26,135 | +17.5% |
| Stocks and contracts in progress | 3 | €61,802 | €69,002 | +€7,201 | +11.7% |
| Stocks | 30/36 | €61,802 | €69,002 | +€7,201 | +11.7% |
| Amounts receivable within one year | 40/41 | €2,497 | €2,609 | +€112 | +4.5% |
| Trade receivables | 40 | €2,497 | €2,389 | -€108 | -4.3% |
| Other amounts receivable | 41 | - | €220 | +€220 | |
| Cash at bank and in hand | 54/58 | €74,140 | €90,843 | +€16,703 | +22.5% |
| Deferred charges and accrued income | 490/1 | €10,900 | €13,019 | +€2,119 | +19.4% |
| Total equity and liabilities | 10/49 | €225,872 | €233,671 | +€7,800 | +3.5% |
| Equity | 10/15 | €173,648 | €162,645 | -€11,003 | -6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,448 | €156,445 | -€11,003 | -6.6% |
| Distributable reserves | 133 | €167,448 | €156,445 | -€11,003 | -6.6% |
| Amounts payable | 17/49 | €52,224 | €71,026 | +€18,802 | +36.0% |
| Amounts payable after more than one year | 17 | €4,187 | - | -€4,187 | |
| Financial debts | 170/4 | €4,187 | - | -€4,187 | |
| Amounts payable within one year | 42/48 | €48,037 | €71,026 | +€22,989 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €6,522 | €3,591 | -€2,930 | -44.9% |
| Trade debts | 44 | €2,832 | €23,406 | +€20,574 | +727% |
| Suppliers | 440/4 | €2,832 | €23,406 | +€20,574 | +727% |
| Taxes, remuneration and social security | 45 | €3,384 | €10,758 | +€7,374 | +218% |
| Taxes | 450/3 | €3,384 | €10,758 | +€7,374 | +218% |
| Other amounts payable | 47/48 | €35,300 | €33,271 | -€2,029 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,754 | €19,570 | -€3,184 | -14.0% |
| Other operating charges | 640/8 | €2,430 | €2,343 | -€87 | -3.6% |
| Gross operating margin | 9900 | €3,754 | €10,967 | +€7,213 | +192% |
| Operating profit (loss) | 9901 | -€21,429 | -€10,945 | +€10,484 | +48.9% |
| Financial income | 75/76B | €336 | €455 | +€119 | +35.3% |
| Recurring financial income | 75 | €336 | €455 | +€119 | +35.3% |
| Financial charges | 65/66B | €367 | €342 | -€24 | -6.6% |
| Recurring financial charges | 65 | €367 | €342 | -€24 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,459 | -€10,833 | +€10,627 | +49.5% |
| Income taxes | 67/77 | €182 | €170 | -€12 | -6.5% |
| Profit (loss) for the period | 9904 | -€21,641 | -€11,003 | +€10,638 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,641 | -€11,003 | +€10,638 | +49.2% |
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 14 October 2026 via checked.be.