TWIPS: 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.
TWIPS
Largest movements
- Receivables after one year +€265,000
new in 2025: €265,000
- Receivables within one year -€213,995
down €213,995 (-86.0%), from €248,755 to €34,760
of which Other amounts receivable: -€239,587
- Tangible fixed assets +€31,247
up €31,247 (+11.9%), from €261,509 to €292,756
of which Leasing and similar rights: +€43,675
- Profit (loss) carried forward +€56,106
up €56,106 (+19.3%), from €290,887 to €346,992
- Current portion of long-term debt +€43,102
up €43,102 (+145%), from €29,718 to €72,819
- Debts after one year -€33,385
down €33,385 (-66.1%), from €50,537 to €17,152
- Trade debts +€9,745
up €9,745 (+134%), from €7,251 to €16,996
- Tax, wage and social debts +€8,511
up €8,511 (+11.7%), from €72,580 to €81,090
- Gross operating margin -€6,304
down €6,304 (-6.3%), from €100,498 to €94,193
- Financial income -€3,282
down €3,282 (-28.1%), from €11,690 to €8,407
- Taxes -€3,262
down €3,262 (-13.0%), from €25,045 to €21,783
- Depreciation +€2,844
up €2,844 (+22.2%), from €12,799 to €15,643
- Other operating charges +€1,077
up €1,077 (+99.3%), from €1,085 to €2,163
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 | €512,171 | €598,183 | +€86,012 | +16.8% |
| Fixed assets | 21/28 | €262,231 | €293,282 | +€31,052 | +11.8% |
| Intangible fixed assets | 21 | €722 | €526 | -€196 | -27.1% |
| Tangible fixed assets | 22/27 | €261,509 | €292,756 | +€31,247 | +11.9% |
| Land and buildings | 22 | €256,775 | €246,861 | -€9,914 | -3.9% |
| Plant, machinery and equipment | 23 | €3,852 | €1,822 | -€2,031 | -52.7% |
| Furniture and vehicles | 24 | €881 | €398 | -€483 | -54.9% |
| Leasing and similar rights | 25 | - | €43,675 | +€43,675 | |
| Current assets | 29/58 | €249,940 | €304,901 | +€54,961 | +22.0% |
| Amounts receivable after more than one year | 29 | - | €265,000 | +€265,000 | |
| Other amounts receivable | 291 | - | €265,000 | +€265,000 | |
| Amounts receivable within one year | 40/41 | €248,755 | €34,760 | -€213,995 | -86.0% |
| Trade receivables | 40 | €1,524 | €27,116 | +€25,592 | +1,680% |
| Other amounts receivable | 41 | €247,231 | €7,644 | -€239,587 | -96.9% |
| Cash at bank and in hand | 54/58 | €655 | €5,042 | +€4,387 | +670% |
| Deferred charges and accrued income | 490/1 | €530 | €99 | -€431 | -81.3% |
| Total equity and liabilities | 10/49 | €512,171 | €598,183 | +€86,012 | +16.8% |
| Equity | 10/15 | €311,347 | €367,452 | +€56,106 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,887 | €346,992 | +€56,106 | +19.3% |
| Amounts payable | 17/49 | €200,824 | €230,731 | +€29,907 | +14.9% |
| Amounts payable after more than one year | 17 | €50,537 | €17,152 | -€33,385 | -66.1% |
| Financial debts | 170/4 | €50,537 | €17,152 | -€33,385 | -66.1% |
| Amounts payable within one year | 42/48 | €150,287 | €205,144 | +€54,857 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €29,718 | €72,819 | +€43,102 | +145% |
| Financial debts | 43 | €25,739 | €19,238 | -€6,501 | -25.3% |
| Credit institutions | 430/8 | €25,739 | €19,238 | -€6,501 | -25.3% |
| Trade debts | 44 | €7,251 | €16,996 | +€9,745 | +134% |
| Suppliers | 440/4 | €7,251 | €16,996 | +€9,745 | +134% |
| Taxes, remuneration and social security | 45 | €72,580 | €81,090 | +€8,511 | +11.7% |
| Taxes | 450/3 | €72,580 | €81,090 | +€8,511 | +11.7% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €8,434 | +€8,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,799 | €15,643 | +€2,844 | +22.2% |
| Other operating charges | 640/8 | €1,085 | €2,163 | +€1,077 | +99.3% |
| Gross operating margin | 9900 | €100,498 | €94,193 | -€6,304 | -6.3% |
| Operating profit (loss) | 9901 | €86,614 | €76,388 | -€10,226 | -11.8% |
| Financial income | 75/76B | €11,690 | €8,407 | -€3,282 | -28.1% |
| Recurring financial income | 75 | €11,690 | €8,407 | -€3,282 | -28.1% |
| Financial charges | 65/66B | €6,501 | €6,907 | +€406 | +6.2% |
| Recurring financial charges | 65 | €6,501 | €6,907 | +€406 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €91,802 | €77,889 | -€13,914 | -15.2% |
| Income taxes | 67/77 | €25,045 | €21,783 | -€3,262 | -13.0% |
| Profit (loss) for the period | 9904 | €66,757 | €56,106 | -€10,652 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,757 | €56,106 | -€10,652 | -16.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.