TWS Ventures: 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.
TWS Ventures
Largest movements
- Cash -€23,421
down €23,421 (-80.0%), from €29,291 to €5,870
mainly Other debts (-€85,978) and Net result for the year (-€38,859)
- Receivables within one year +€19,766
up €19,766 (+24.6%), from €80,232 to €99,998
of which Trade receivables: +€26,203
- Tangible fixed assets -€7,812
down €7,812 (-22.3%), from €34,980 to €27,169
of which Furniture and vehicles: -€7,728
- Debts after one year +€91,486
up €91,486 (+440.4%), from €20,774 to €112,260
- Other debts -€85,978
down €85,978 (-17.2%), from €500,897 to €414,919
- Profit (loss) carried forward -€38,859
down €38,859 (-77.0%), from €50,483 to €11,624
- Current portion of long-term debt +€31,654
up €31,654 (+479.7%), from €6,598 to €38,253
- Tax, wage and social debts -€15,584
down €15,584 (-68.2%), from €22,861 to €7,276
- Gross operating margin -€99,762
down €99,762, from €85,735 to -€14,026
- Taxes -€22,057
down €22,057 (-97.2%), from €22,697 to €639
- Depreciation +€6,936
up €6,936 (+125.0%), from €5,550 to €12,487
- Financial charges +€4,052
up €4,052 (+55.7%), from €7,275 to €11,326
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 | €651,277 | €638,806 | -€12,470 | -1.9% |
| Fixed assets | 21/28 | €535,980 | €528,169 | -€7,812 | -1.5% |
| Tangible fixed assets | 22/27 | €34,980 | €27,169 | -€7,812 | -22.3% |
| Furniture and vehicles | 24 | €33,167 | €25,439 | -€7,728 | -23.3% |
| Other tangible fixed assets | 26 | €1,814 | €1,730 | -€84 | -4.6% |
| Financial fixed assets | 28 | €501,000 | €501,000 | = | 0.0% |
| Current assets | 29/58 | €115,296 | €110,638 | -€4,659 | -4.0% |
| Amounts receivable within one year | 40/41 | €80,232 | €99,998 | +€19,766 | +24.6% |
| Trade receivables | 40 | €31,462 | €57,665 | +€26,203 | +83.3% |
| Other amounts receivable | 41 | €48,770 | €42,333 | -€6,437 | -13.2% |
| Cash at bank and in hand | 54/58 | €29,291 | €5,870 | -€23,421 | -80.0% |
| Deferred charges and accrued income | 490/1 | €5,773 | €4,770 | -€1,004 | -17.4% |
| Total equity and liabilities | 10/49 | €651,277 | €638,806 | -€12,470 | -1.9% |
| Equity | 10/15 | €70,943 | €32,084 | -€38,859 | -54.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,483 | €11,624 | -€38,859 | -77.0% |
| Amounts payable | 17/49 | €580,334 | €606,722 | +€26,388 | +4.5% |
| Amounts payable after more than one year | 17 | €20,774 | €112,260 | +€91,486 | +440.4% |
| Financial debts | 170/4 | €20,774 | €112,260 | +€91,486 | +440.4% |
| Amounts payable within one year | 42/48 | €559,560 | €494,462 | -€65,098 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €6,598 | €38,253 | +€31,654 | +479.7% |
| Financial debts | 43 | €4,384 | €5,418 | +€1,033 | +23.6% |
| Credit institutions | 430/8 | €4,384 | €5,418 | +€1,033 | +23.6% |
| Trade debts | 44 | €24,820 | €28,596 | +€3,776 | +15.2% |
| Suppliers | 440/4 | €24,820 | €28,596 | +€3,776 | +15.2% |
| Taxes, remuneration and social security | 45 | €22,861 | €7,276 | -€15,584 | -68.2% |
| Taxes | 450/3 | €22,861 | €7,276 | -€15,584 | -68.2% |
| Other amounts payable | 47/48 | €500,897 | €414,919 | -€85,978 | -17.2% |
| Remuneration, social security and pensions | 62 | €109 | - | -€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,550 | €12,487 | +€6,936 | +125.0% |
| Other operating charges | 640/8 | €384 | €384 | = | 0.0% |
| Gross operating margin | 9900 | €85,735 | -€14,026 | -€99,762 | |
| Operating profit (loss) | 9901 | €79,692 | -€26,897 | -€106,589 | |
| Financial income | 75/76B | €588 | €5 | -€583 | -99.2% |
| Recurring financial income | 75 | €588 | €5 | -€583 | -99.2% |
| Financial charges | 65/66B | €7,275 | €11,326 | +€4,052 | +55.7% |
| Recurring financial charges | 65 | €7,275 | €11,326 | +€4,052 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €73,005 | -€38,219 | -€111,225 | |
| Income taxes | 67/77 | €22,697 | €639 | -€22,057 | -97.2% |
| Profit (loss) for the period | 9904 | €50,309 | -€38,859 | -€89,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,309 | -€38,859 | -€89,167 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.