TWMG: 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.
TWMG
Largest movements
- Cash -€40,793
down €40,793 (-21.2%), from €192,816 to €152,023
mainly Contributions, distributions and other (-€79,000) and Investment in fixed assets (net) (-€10,785)
- Receivables within one year -€6,231
no longer reported in 2025 (was €6,231)
- Tangible fixed assets +€5,099
up €5,099 (+75.7%), from €6,734 to €11,833
of which Furniture and vehicles: +€5,500
- Profit (loss) carried forward -€62,211
down €62,211 (-48.0%), from €129,704 to €67,493
- Other debts +€20,522
up €20,522 (+34.6%), from €59,250 to €79,772
- Trade debts -€2,212
down €2,212 (-87.6%), from €2,524 to €312
- Gross operating margin +€46,394
up €46,394, from -€21,167 to €25,227
- Depreciation +€3,570
up €3,570 (+168.8%), from €2,115 to €5,685
- Taxes -€649
down €649 (-49.0%), from €1,326 to €677
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 | €208,907 | €165,724 | -€43,183 | -20.7% |
| Fixed assets | 21/28 | €6,734 | €11,833 | +€5,099 | +75.7% |
| Tangible fixed assets | 22/27 | €6,734 | €11,833 | +€5,099 | +75.7% |
| Furniture and vehicles | 24 | €3,537 | €9,037 | +€5,500 | +155.5% |
| Other tangible fixed assets | 26 | €3,197 | €2,796 | -€401 | -12.5% |
| Current assets | 29/58 | €202,173 | €153,891 | -€48,282 | -23.9% |
| Amounts receivable within one year | 40/41 | €6,231 | - | -€6,231 | |
| Trade receivables | 40 | €6,231 | - | -€6,231 | |
| Cash at bank and in hand | 54/58 | €192,816 | €152,023 | -€40,793 | -21.2% |
| Deferred charges and accrued income | 490/1 | €3,126 | €1,868 | -€1,258 | -40.3% |
| Total equity and liabilities | 10/49 | €208,907 | €165,724 | -€43,183 | -20.7% |
| Equity | 10/15 | €135,704 | €73,493 | -€62,211 | -45.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,704 | €67,493 | -€62,211 | -48.0% |
| Amounts payable | 17/49 | €73,203 | €92,230 | +€19,028 | +26.0% |
| Amounts payable within one year | 42/48 | €73,203 | €91,333 | +€18,130 | +24.8% |
| Trade debts | 44 | €2,524 | €312 | -€2,212 | -87.6% |
| Suppliers | 440/4 | €2,524 | €312 | -€2,212 | -87.6% |
| Taxes, remuneration and social security | 45 | €11,429 | €11,249 | -€180 | -1.6% |
| Taxes | 450/3 | €8,925 | €8,745 | -€180 | -2.0% |
| Remuneration and social security | 454/9 | €2,504 | €2,504 | = | 0.0% |
| Other amounts payable | 47/48 | €59,250 | €79,772 | +€20,522 | +34.6% |
| Accrued charges and deferred income | 492/3 | - | €898 | +€898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,115 | €5,685 | +€3,570 | +168.8% |
| Other operating charges | 640/8 | €1,813 | €2,022 | +€210 | +11.6% |
| Gross operating margin | 9900 | -€21,167 | €25,227 | +€46,394 | |
| Operating profit (loss) | 9901 | -€25,094 | €17,520 | +€42,614 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €278 | €53 | -€224 | -80.7% |
| Recurring financial charges | 65 | €278 | €53 | -€224 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,372 | €17,466 | +€42,838 | |
| Income taxes | 67/77 | €1,326 | €677 | -€649 | -49.0% |
| Profit (loss) for the period | 9904 | -€26,698 | €16,789 | +€43,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,698 | €16,789 | +€43,488 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.