TWIPE MANAGEMENT: 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.
TWIPE MANAGEMENT
Largest movements
- Cash -€32,958
down €32,958 (-30.7%), from €107,325 to €74,367
mainly Tax, wage and social debts (-€40,039) and Current investments (-€24,577)
- Current investments +€24,577
up €24,577 (+245.8%), from €10,000 to €34,577
- Receivables within one year -€3,386
down €3,386 (-14.0%), from €24,272 to €20,886
of which Trade receivables: -€16,772
- Deferred charges and accrued income -€2,403
down €2,403 (-40.6%), from €5,923 to €3,520
- Tax, wage and social debts -€40,039
down €40,039 (-90.9%), from €44,035 to €3,996
- Reserves +€28,582
up €28,582 (+34.3%), from €83,269 to €111,850
- Trade debts -€1,498
down €1,498 (-16.7%), from €8,976 to €7,478
- Gross operating margin -€75,062
down €75,062 (-63.1%), from €118,910 to €43,848
- Taxes -€19,084
down €19,084 (-57.4%), from €33,261 to €14,177
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,520 | €133,350 | -€14,171 | -9.6% |
| Current assets | 29/58 | €147,520 | €133,350 | -€14,171 | -9.6% |
| Amounts receivable within one year | 40/41 | €24,272 | €20,886 | -€3,386 | -14.0% |
| Trade receivables | 40 | €24,272 | €7,500 | -€16,772 | -69.1% |
| Other amounts receivable | 41 | - | €13,386 | +€13,386 | |
| Current investments | 50/53 | €10,000 | €34,577 | +€24,577 | +245.8% |
| Cash at bank and in hand | 54/58 | €107,325 | €74,367 | -€32,958 | -30.7% |
| Deferred charges and accrued income | 490/1 | €5,923 | €3,520 | -€2,403 | -40.6% |
| Total equity and liabilities | 10/49 | €147,520 | €133,350 | -€14,171 | -9.6% |
| Equity | 10/15 | €88,269 | €116,850 | +€28,582 | +32.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,269 | €111,850 | +€28,582 | +34.3% |
| Distributable reserves | 133 | €83,269 | €111,850 | +€28,582 | +34.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,252 | €16,500 | -€42,752 | -72.2% |
| Amounts payable within one year | 42/48 | €59,252 | €16,500 | -€42,752 | -72.2% |
| Trade debts | 44 | €8,976 | €7,478 | -€1,498 | -16.7% |
| Suppliers | 440/4 | €8,976 | €7,478 | -€1,498 | -16.7% |
| Taxes, remuneration and social security | 45 | €44,035 | €3,996 | -€40,039 | -90.9% |
| Taxes | 450/3 | €44,035 | €3,996 | -€40,039 | -90.9% |
| Other amounts payable | 47/48 | €6,241 | €5,026 | -€1,215 | -19.5% |
| Other operating charges | 640/8 | €806 | €909 | +€103 | +12.8% |
| Gross operating margin | 9900 | €118,910 | €43,848 | -€75,062 | -63.1% |
| Operating profit (loss) | 9901 | €118,104 | €42,939 | -€75,165 | -63.6% |
| Financial income | 75/76B | - | €641 | +€641 | |
| Recurring financial income | 75 | - | €641 | +€641 | |
| Financial charges | 65/66B | €775 | €821 | +€47 | +6.0% |
| Recurring financial charges | 65 | €775 | €821 | +€47 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €117,329 | €42,759 | -€74,571 | -63.6% |
| Income taxes | 67/77 | €33,261 | €14,177 | -€19,084 | -57.4% |
| Profit (loss) for the period | 9904 | €84,069 | €28,582 | -€55,487 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,069 | €28,582 | -€55,487 | -66.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.