TWKL VENTURE: 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.
TWKL VENTURE
Largest movements
- Cash +€44,226
up €44,226 (+74.3%), from €59,506 to €103,732
mainly Net result for the year (+€59,298) and Trade debts (+€10,714)
- Receivables within one year +€36,461
up €36,461 (+54.0%), from €67,514 to €103,975
of which Trade receivables: +€37,242
- Tangible fixed assets -€4,329
down €4,329 (-37.6%), from €11,522 to €7,193
of which Other tangible fixed assets: -€2,640
- Profit (loss) carried forward +€58,465
up €58,465 (+53.0%), from €110,241 to €168,706
- Trade debts +€10,714
up €10,714 (+533%), from €2,010 to €12,724
- Tax, wage and social debts +€6,642
up €6,642 (+28.3%), from €23,496 to €30,138
of which Taxes: +€5,542
- Gross operating margin -€9,089
down €9,089 (-10.4%), from €87,471 to €78,381
- Depreciation +€2,910
up €2,910 (+205%), from €1,418 to €4,329
- Taxes -€2,888
down €2,888 (-14.6%), from €19,724 to €16,836
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 | €139,106 | €214,900 | +€75,794 | +54.5% |
| Fixed assets | 21/28 | €11,522 | €7,193 | -€4,329 | -37.6% |
| Tangible fixed assets | 22/27 | €11,522 | €7,193 | -€4,329 | -37.6% |
| Furniture and vehicles | 24 | €3,681 | €1,993 | -€1,689 | -45.9% |
| Other tangible fixed assets | 26 | €7,841 | €5,201 | -€2,640 | -33.7% |
| Current assets | 29/58 | €127,584 | €207,707 | +€80,123 | +62.8% |
| Amounts receivable within one year | 40/41 | €67,514 | €103,975 | +€36,461 | +54.0% |
| Trade receivables | 40 | - | €37,242 | +€37,242 | |
| Other amounts receivable | 41 | €67,514 | €66,733 | -€781 | -1.2% |
| Cash at bank and in hand | 54/58 | €59,506 | €103,732 | +€44,226 | +74.3% |
| Deferred charges and accrued income | 490/1 | €564 | - | -€564 | |
| Total equity and liabilities | 10/49 | €139,106 | €214,900 | +€75,794 | +54.5% |
| Equity | 10/15 | €112,741 | €171,206 | +€58,465 | +51.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,241 | €168,706 | +€58,465 | +53.0% |
| Amounts payable | 17/49 | €26,365 | €43,695 | +€17,329 | +65.7% |
| Amounts payable within one year | 42/48 | €26,365 | €43,695 | +€17,329 | +65.7% |
| Trade debts | 44 | €2,010 | €12,724 | +€10,714 | +533% |
| Suppliers | 440/4 | €2,010 | €12,724 | +€10,714 | +533% |
| Taxes, remuneration and social security | 45 | €23,496 | €30,138 | +€6,642 | +28.3% |
| Taxes | 450/3 | €23,496 | €29,038 | +€5,542 | +23.6% |
| Remuneration and social security | 454/9 | - | €1,100 | +€1,100 | |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,418 | €4,329 | +€2,910 | +205% |
| Other operating charges | 640/8 | - | €74 | +€74 | |
| Gross operating margin | 9900 | €87,471 | €78,381 | -€9,089 | -10.4% |
| Operating profit (loss) | 9901 | €86,052 | €73,978 | -€12,074 | -14.0% |
| Financial income | 75/76B | €3,035 | €3,637 | +€602 | +19.8% |
| Recurring financial income | 75 | €3,035 | €3,637 | +€602 | +19.8% |
| Financial charges | 65/66B | €1,766 | €1,481 | -€285 | -16.1% |
| Recurring financial charges | 65 | €1,766 | €1,481 | -€285 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €87,321 | €76,134 | -€11,187 | -12.8% |
| Income taxes | 67/77 | €19,724 | €16,836 | -€2,888 | -14.6% |
| Profit (loss) for the period | 9904 | €67,597 | €59,298 | -€8,299 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,597 | €59,298 | -€8,299 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.