TWITS: 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.
TWITS
Largest movements
- Tangible fixed assets -€32,486
down €32,486 (-10.5%), from €309,431 to €276,944
of which Land and buildings: -€34,301
- Receivables within one year +€32,242
up €32,242 (+35.6%), from €90,588 to €122,831
of which Trade receivables: +€116,227
- Deferred charges and accrued income +€12,908
up €12,908 (+101.8%), from €12,679 to €25,587
- Debts after one year -€36,682
down €36,682 (-10.7%), from €342,050 to €305,368
- Trade debts +€26,221
up €26,221 (+306.5%), from €8,556 to €34,777
- Reserves +€15,350
up €15,350 (+7.9%), from €194,253 to €209,603
of which Distributable reserves: +€15,350
- Tax, wage and social debts +€13,451
up €13,451 (+80.0%), from €16,813 to €30,263
of which Taxes: +€15,287
- Gross operating margin -€26,085
down €26,085 (-17.4%), from €149,624 to €123,539
- Staff costs -€9,887
down €9,887 (-20.5%), from €48,265 to €38,378
- Depreciation +€4,517
up €4,517 (+14.1%), from €32,049 to €36,566
- Taxes -€4,407
down €4,407 (-49.5%), from €8,902 to €4,494
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 | €696,646 | €716,730 | +€20,084 | +2.9% |
| Fixed assets | 21/28 | €309,431 | €276,944 | -€32,486 | -10.5% |
| Tangible fixed assets | 22/27 | €309,431 | €276,944 | -€32,486 | -10.5% |
| Land and buildings | 22 | €304,905 | €270,604 | -€34,301 | -11.2% |
| Plant, machinery and equipment | 23 | €4,526 | €6,340 | +€1,814 | +40.1% |
| Current assets | 29/58 | €387,215 | €439,786 | +€52,570 | +13.6% |
| Stocks and contracts in progress | 3 | €168,463 | €169,685 | +€1,223 | +0.7% |
| Stocks | 30/36 | €168,463 | €169,685 | +€1,223 | +0.7% |
| Amounts receivable within one year | 40/41 | €90,588 | €122,831 | +€32,242 | +35.6% |
| Trade receivables | 40 | - | €116,227 | +€116,227 | |
| Other amounts receivable | 41 | €90,588 | €6,604 | -€83,984 | -92.7% |
| Cash at bank and in hand | 54/58 | €115,485 | €121,683 | +€6,197 | +5.4% |
| Deferred charges and accrued income | 490/1 | €12,679 | €25,587 | +€12,908 | +101.8% |
| Total equity and liabilities | 10/49 | €696,646 | €716,730 | +€20,084 | +2.9% |
| Equity | 10/15 | €293,410 | €308,760 | +€15,350 | +5.2% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €194,253 | €209,603 | +€15,350 | +7.9% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €184,337 | €199,687 | +€15,350 | +8.3% |
| Amounts payable | 17/49 | €403,236 | €407,970 | +€4,734 | +1.2% |
| Amounts payable after more than one year | 17 | €342,050 | €305,368 | -€36,682 | -10.7% |
| Financial debts | 170/4 | €342,050 | €305,368 | -€36,682 | -10.7% |
| Amounts payable within one year | 42/48 | €61,186 | €102,602 | +€41,416 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €34,956 | €36,682 | +€1,725 | +4.9% |
| Financial debts | 43 | €861 | €879 | +€19 | +2.2% |
| Credit institutions | 430/8 | €861 | €879 | +€19 | +2.2% |
| Trade debts | 44 | €8,556 | €34,777 | +€26,221 | +306.5% |
| Suppliers | 440/4 | €8,556 | €34,777 | +€26,221 | +306.5% |
| Taxes, remuneration and social security | 45 | €16,813 | €30,263 | +€13,451 | +80.0% |
| Taxes | 450/3 | €11,547 | €26,834 | +€15,287 | +132.4% |
| Remuneration and social security | 454/9 | €5,266 | €3,429 | -€1,836 | -34.9% |
| Remuneration, social security and pensions | 62 | €48,265 | €38,378 | -€9,887 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,049 | €36,566 | +€4,517 | +14.1% |
| Other operating charges | 640/8 | €1,231 | €1,887 | +€656 | +53.3% |
| Gross operating margin | 9900 | €149,624 | €123,539 | -€26,085 | -17.4% |
| Operating profit (loss) | 9901 | €68,079 | €46,708 | -€21,371 | -31.4% |
| Financial income | 75/76B | €76 | - | -€76 | |
| Recurring financial income | 75 | €76 | - | -€76 | |
| Financial charges | 65/66B | €25,675 | €26,864 | +€1,188 | +4.6% |
| Recurring financial charges | 65 | €25,675 | €26,864 | +€1,188 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €42,480 | €19,844 | -€22,635 | -53.3% |
| Income taxes | 67/77 | €8,902 | €4,494 | -€4,407 | -49.5% |
| Profit (loss) for the period | 9904 | €33,578 | €15,350 | -€18,228 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,578 | €15,350 | -€18,228 | -54.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.