TWIETY: 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.
TWIETY
Largest movements
- Deferred charges and accrued income -€1,398
down €1,398 (-27.2%), from €5,134 to €3,737
- Tangible fixed assets -€1,292
down €1,292 (-3.3%), from €38,769 to €37,478
of which Furniture and vehicles: -€8,758
- Cash +€1,222
up €1,222 (+3.5%), from €35,223 to €36,445
mainly Depreciation (+€10,065) and Net result for the year (+€7,189)
- Reserves +€7,189
up €7,189 (+16.2%), from €44,395 to €51,584
- Debts after one year -€4,744
down €4,744 (-29.6%), from €16,025 to €11,281
- Trade debts -€2,699
down €2,699 (-44.3%), from €6,092 to €3,393
- Tax, wage and social debts -€1,000
down €1,000 (-35.7%), from €2,800 to €1,800
of which Taxes: -€1,000
- Gross operating margin +€7,945
up €7,945 (+42.9%), from €18,517 to €26,462
- Taxes +€1,955
up €1,955 (+69.8%), from €2,800 to €4,755
- Depreciation +€1,208
up €1,208 (+13.6%), from €8,857 to €10,065
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 | €83,365 | €82,003 | -€1,361 | -1.6% |
| Fixed assets | 21/28 | €39,492 | €38,201 | -€1,292 | -3.3% |
| Tangible fixed assets | 22/27 | €38,769 | €37,478 | -€1,292 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | €3,291 | +€3,291 | |
| Furniture and vehicles | 24 | €36,995 | €28,237 | -€8,758 | -23.7% |
| Other tangible fixed assets | 26 | €1,775 | €5,950 | +€4,175 | +235.3% |
| Financial fixed assets | 28 | €723 | €723 | = | 0.0% |
| Current assets | 29/58 | €43,872 | €43,803 | -€70 | -0.2% |
| Stocks and contracts in progress | 3 | €2,573 | €2,392 | -€181 | -7.0% |
| Stocks | 30/36 | €2,573 | €2,392 | -€181 | -7.0% |
| Amounts receivable within one year | 40/41 | €942 | €1,230 | +€288 | +30.5% |
| Trade receivables | 40 | €240 | €594 | +€354 | +147.1% |
| Other amounts receivable | 41 | €702 | €636 | -€66 | -9.4% |
| Cash at bank and in hand | 54/58 | €35,223 | €36,445 | +€1,222 | +3.5% |
| Deferred charges and accrued income | 490/1 | €5,134 | €3,737 | -€1,398 | -27.2% |
| Total equity and liabilities | 10/49 | €83,365 | €82,003 | -€1,361 | -1.6% |
| Equity | 10/15 | €50,595 | €57,784 | +€7,189 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,395 | €51,584 | +€7,189 | +16.2% |
| Distributable reserves | 133 | €44,395 | €51,584 | +€7,189 | +16.2% |
| Amounts payable | 17/49 | €32,770 | €24,220 | -€8,550 | -26.1% |
| Amounts payable after more than one year | 17 | €16,025 | €11,281 | -€4,744 | -29.6% |
| Financial debts | 170/4 | €16,025 | €11,281 | -€4,744 | -29.6% |
| Amounts payable within one year | 42/48 | €16,195 | €12,938 | -€3,256 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €4,586 | €5,132 | +€546 | +11.9% |
| Trade debts | 44 | €6,092 | €3,393 | -€2,699 | -44.3% |
| Suppliers | 440/4 | €6,092 | €3,393 | -€2,699 | -44.3% |
| Taxes, remuneration and social security | 45 | €2,800 | €1,800 | -€1,000 | -35.7% |
| Taxes | 450/3 | €2,800 | €1,800 | -€1,000 | -35.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,717 | €2,613 | -€104 | -3.8% |
| Accrued charges and deferred income | 492/3 | €550 | €0 | -€550 | -100.0% |
| Non-recurring operating income | 76A | €1,015 | €0 | -€1,015 | -100.0% |
| Remuneration, social security and pensions | 62 | €774 | €913 | +€139 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,857 | €10,065 | +€1,208 | +13.6% |
| Other operating charges | 640/8 | €1,222 | €1,235 | +€14 | +1.1% |
| Gross operating margin | 9900 | €18,517 | €26,462 | +€7,945 | +42.9% |
| Operating profit (loss) | 9901 | €7,664 | €14,248 | +€6,585 | +85.9% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €2,450 | €2,304 | -€146 | -5.9% |
| Recurring financial charges | 65 | €2,450 | €2,304 | -€146 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €5,224 | €11,944 | +€6,720 | +128.6% |
| Income taxes | 67/77 | €2,800 | €4,755 | +€1,955 | +69.8% |
| Profit (loss) for the period | 9904 | €2,424 | €7,189 | +€4,765 | +196.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,424 | €7,189 | +€4,765 | +196.6% |
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 4 October 2026 via checked.be.