TWITIC: 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.
TWITIC
Largest movements
- Receivables within one year +€34,737
up €34,737 (+208.2%), from €16,687 to €51,425
of which Trade receivables: +€34,827
- Cash -€34,435
down €34,435 (-94.3%), from €36,517 to €2,083
mainly Receivables within one year (-€34,737) and Contributions, distributions and other (-€20,000)
- Deferred charges and accrued income -€1,506
down €1,506 (-36.7%), from €4,099 to €2,593
- Profit (loss) carried forward -€1,362
down €1,362 (-5.1%), from €26,810 to €25,449
- Gross operating margin -€7,878
down €7,878 (-22.5%), from €34,960 to €27,081
- Taxes -€1,907
down €1,907 (-26.4%), from €7,210 to €5,303
- Depreciation +€1,073
up €1,073 (+83.2%), from €1,289 to €2,363
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 | €62,172 | €61,090 | -€1,082 | -1.7% |
| Fixed assets | 21/28 | €4,868 | €4,990 | +€121 | +2.5% |
| Tangible fixed assets | 22/27 | €4,868 | €4,990 | +€121 | +2.5% |
| Plant, machinery and equipment | 23 | - | €2,217 | +€2,217 | |
| Furniture and vehicles | 24 | €3,791 | €1,941 | -€1,850 | -48.8% |
| Other tangible fixed assets | 26 | €1,078 | €831 | -€247 | -22.9% |
| Current assets | 29/58 | €57,303 | €56,101 | -€1,203 | -2.1% |
| Amounts receivable within one year | 40/41 | €16,687 | €51,425 | +€34,737 | +208.2% |
| Trade receivables | 40 | €16,598 | €51,425 | +€34,827 | +209.8% |
| Other amounts receivable | 41 | €90 | €0 | -€90 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,517 | €2,083 | -€34,435 | -94.3% |
| Deferred charges and accrued income | 490/1 | €4,099 | €2,593 | -€1,506 | -36.7% |
| Total equity and liabilities | 10/49 | €62,172 | €61,090 | -€1,082 | -1.7% |
| Equity | 10/15 | €29,069 | €27,708 | -€1,362 | -4.7% |
| Contributions | 10/11 | €2,259 | €2,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,810 | €25,449 | -€1,362 | -5.1% |
| Amounts payable | 17/49 | €33,103 | €33,383 | +€280 | +0.8% |
| Amounts payable within one year | 42/48 | €32,726 | €33,027 | +€301 | +0.9% |
| Trade debts | 44 | €258 | €856 | +€597 | +231.2% |
| Suppliers | 440/4 | €258 | €856 | +€597 | +231.2% |
| Taxes, remuneration and social security | 45 | €10,467 | €10,070 | -€397 | -3.8% |
| Taxes | 450/3 | €9,967 | €10,070 | +€103 | +1.0% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €22,000 | €22,101 | +€101 | +0.5% |
| Accrued charges and deferred income | 492/3 | €377 | €356 | -€21 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289 | €2,363 | +€1,073 | +83.2% |
| Other operating charges | 640/8 | €485 | €501 | +€16 | +3.2% |
| Gross operating margin | 9900 | €34,960 | €27,081 | -€7,878 | -22.5% |
| Operating profit (loss) | 9901 | €33,185 | €24,218 | -€8,968 | -27.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €203 | €276 | +€74 | +36.4% |
| Recurring financial charges | 65 | €203 | €276 | +€74 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €32,983 | €23,941 | -€9,041 | -27.4% |
| Income taxes | 67/77 | €7,210 | €5,303 | -€1,907 | -26.4% |
| Profit (loss) for the period | 9904 | €25,773 | €18,639 | -€7,134 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,773 | €18,639 | -€7,134 | -27.7% |
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 30 September 2026 via checked.be.