TWinC: 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.
TWinC
Largest movements
- Receivables within one year +€407,972
up €407,972 (+799%), from €51,054 to €459,026
of which Trade receivables: +€415,542
- Cash +€123,221
up €123,221 (+26.9%), from €458,479 to €581,700
mainly Net result for the year (+€458,868) and Tax, wage and social debts (+€120,455)
- Reserves +€407,000
up €407,000 (+72.7%), from €559,701 to €966,701
of which Distributable reserves: +€407,000
- Tax, wage and social debts +€120,455
up €120,455 (+1,945%), from €6,192 to €126,647
- Gross operating margin +€444,037
up €444,037 (+189%), from €235,454 to €679,492
- Taxes +€145,459
up €145,459 (+188%), from €77,300 to €222,759
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 | €716,861 | €1,242,067 | +€525,206 | +73.3% |
| Fixed assets | 21/28 | €35,403 | €37,045 | +€1,641 | +4.6% |
| Tangible fixed assets | 22/27 | €35,403 | €37,045 | +€1,641 | +4.6% |
| Land and buildings | 22 | €34,956 | €33,141 | -€1,815 | -5.2% |
| Furniture and vehicles | 24 | €447 | €3,904 | +€3,456 | +772% |
| Current assets | 29/58 | €681,458 | €1,205,022 | +€523,564 | +76.8% |
| Amounts receivable after more than one year | 29 | €165,000 | €157,500 | -€7,500 | -4.5% |
| Other amounts receivable | 291 | €165,000 | €157,500 | -€7,500 | -4.5% |
| Amounts receivable within one year | 40/41 | €51,054 | €459,026 | +€407,972 | +799% |
| Trade receivables | 40 | - | €415,542 | +€415,542 | |
| Other amounts receivable | 41 | €51,054 | €43,485 | -€7,570 | -14.8% |
| Cash at bank and in hand | 54/58 | €458,479 | €581,700 | +€123,221 | +26.9% |
| Deferred charges and accrued income | 490/1 | €6,924 | €6,796 | -€129 | -1.9% |
| Total equity and liabilities | 10/49 | €716,861 | €1,242,067 | +€525,206 | +73.3% |
| Equity | 10/15 | €706,459 | €1,114,327 | +€407,868 | +57.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €559,701 | €966,701 | +€407,000 | +72.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €491 | €491 | = | 0.0% |
| Distributable reserves | 133 | €557,350 | €964,350 | +€407,000 | +73.0% |
| Profit (loss) carried forward | 14 | €134,358 | €135,226 | +€868 | +0.6% |
| Amounts payable | 17/49 | €10,402 | €127,740 | +€117,338 | +1,128% |
| Amounts payable within one year | 42/48 | €10,402 | €127,740 | +€117,338 | +1,128% |
| Trade debts | 44 | €4,211 | €1,093 | -€3,117 | -74.0% |
| Suppliers | 440/4 | €4,211 | €1,093 | -€3,117 | -74.0% |
| Taxes, remuneration and social security | 45 | €6,192 | €126,647 | +€120,455 | +1,945% |
| Taxes | 450/3 | €6,192 | €126,647 | +€120,455 | +1,945% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,095 | €5,320 | -€1,776 | -25.0% |
| Other operating charges | 640/8 | €736 | €825 | +€89 | +12.1% |
| Gross operating margin | 9900 | €235,454 | €679,492 | +€444,037 | +189% |
| Operating profit (loss) | 9901 | €227,623 | €673,347 | +€445,724 | +196% |
| Financial income | 75/76B | €5,956 | €8,355 | +€2,399 | +40.3% |
| Recurring financial income | 75 | €5,956 | €8,355 | +€2,399 | +40.3% |
| Financial charges | 65/66B | €63 | €75 | +€12 | +19.7% |
| Recurring financial charges | 65 | €63 | €75 | +€12 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €233,516 | €681,627 | +€448,111 | +192% |
| Income taxes | 67/77 | €77,300 | €222,759 | +€145,459 | +188% |
| Profit (loss) for the period | 9904 | €156,216 | €458,868 | +€302,652 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €156,216 | €458,868 | +€302,652 | +194% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.