TWOLS: 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.
TWOLS
Largest movements
- Cash -€108,347
down €108,347 (-68.1%), from €159,186 to €50,839
mainly Other debts (-€100,378) and Contributions, distributions and other (-€97,024)
- Current investments +€8,387
new in 2025: €8,387
- Tangible fixed assets +€2,590
up €2,590 (+622.6%), from €416 to €3,006
- Other debts -€100,378
down €100,378 (-100.0%), from €100,378 to €0
- Tax, wage and social debts +€12,662
up €12,662 (+65.6%), from €19,310 to €31,972
- Trade debts -€7,124
down €7,124 (-87.1%), from €8,176 to €1,052
- Gross operating margin +€21,443
up €21,443 (+20.7%), from €103,790 to €125,233
- Depreciation -€10,224
down €10,224 (-97.8%), from €10,455 to €231
- Taxes +€7,372
up €7,372 (+38.3%), from €19,225 to €26,597
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 | €165,364 | €70,523 | -€94,841 | -57.4% |
| Fixed assets | 21/28 | €416 | €3,006 | +€2,590 | +622.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €416 | €3,006 | +€2,590 | +622.6% |
| Furniture and vehicles | 24 | €416 | €3,006 | +€2,590 | +622.6% |
| Current assets | 29/58 | €164,948 | €67,518 | -€97,430 | -59.1% |
| Amounts receivable within one year | 40/41 | €5,145 | €6,633 | +€1,487 | +28.9% |
| Trade receivables | 40 | €5,145 | €2,814 | -€2,332 | -45.3% |
| Other amounts receivable | 41 | - | €3,819 | +€3,819 | |
| Current investments | 50/53 | - | €8,387 | +€8,387 | |
| Cash at bank and in hand | 54/58 | €159,186 | €50,839 | -€108,347 | -68.1% |
| Deferred charges and accrued income | 490/1 | €617 | €1,659 | +€1,042 | +168.9% |
| Total equity and liabilities | 10/49 | €165,364 | €70,523 | -€94,841 | -57.4% |
| Equity | 10/15 | €2,285 | €2,285 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,285 | €1,285 | = | 0.0% |
| Distributable reserves | 133 | €1,285 | €1,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €163,079 | €68,238 | -€94,841 | -58.2% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,864 | €33,024 | -€94,841 | -74.2% |
| Trade debts | 44 | €8,176 | €1,052 | -€7,124 | -87.1% |
| Suppliers | 440/4 | €8,176 | €1,052 | -€7,124 | -87.1% |
| Taxes, remuneration and social security | 45 | €19,310 | €31,972 | +€12,662 | +65.6% |
| Taxes | 450/3 | €19,310 | €31,972 | +€12,662 | +65.6% |
| Other amounts payable | 47/48 | €100,378 | €0 | -€100,378 | -100.0% |
| Accrued charges and deferred income | 492/3 | €214 | €214 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,455 | €231 | -€10,224 | -97.8% |
| Other operating charges | 640/8 | €505 | €1,308 | +€802 | +158.8% |
| Gross operating margin | 9900 | €103,790 | €125,233 | +€21,443 | +20.7% |
| Operating profit (loss) | 9901 | €92,830 | €123,694 | +€30,865 | +33.2% |
| Financial income | 75/76B | - | €825 | +€825 | |
| Recurring financial income | 75 | - | €825 | +€825 | |
| Financial charges | 65/66B | €283 | €898 | +€614 | +216.7% |
| Recurring financial charges | 65 | €283 | €898 | +€614 | +216.7% |
| Profit (loss) for the period before taxes | 9903 | €92,546 | €123,622 | +€31,075 | +33.6% |
| Income taxes | 67/77 | €19,225 | €26,597 | +€7,372 | +38.3% |
| Profit (loss) for the period | 9904 | €73,321 | €97,024 | +€23,703 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,321 | €97,024 | +€23,703 | +32.3% |
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 11 October 2026 via checked.be.