TWSERVICES: 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.
TWSERVICES
Largest movements
- Receivables within one year +€5,356
up €5,356 (+32.7%), from €16,368 to €21,724
of which Other amounts receivable: +€6,965
- Tangible fixed assets -€3,207
down €3,207 (-44.6%), from €7,197 to €3,990
of which Furniture and vehicles: -€2,589
- Cash -€698
down €698 (-2.3%), from €30,064 to €29,366
mainly Receivables within one year (-€5,356) and Investment in fixed assets (net) (-€1,426)
- Reserves +€1,907
up €1,907 (+4.3%), from €44,624 to €46,531
of which Distributable reserves: +€1,907
- Gross operating margin +€6,787
up €6,787 (+109.2%), from €6,217 to €13,004
- Depreciation -€3,567
down €3,567 (-43.5%), from €8,200 to €4,633
- Financial charges +€1,984
up €1,984 (+111.5%), from €1,778 to €3,762
- Taxes +€182
up €182 (+11.0%), from €1,653 to €1,835
- Financial income +€174
up €174 (+39.0%), from €445 to €619
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 | €53,936 | €55,734 | +€1,798 | +3.3% |
| Fixed assets | 21/28 | €7,197 | €3,990 | -€3,207 | -44.6% |
| Tangible fixed assets | 22/27 | €7,197 | €3,990 | -€3,207 | -44.6% |
| Plant, machinery and equipment | 23 | €2,914 | €2,297 | -€618 | -21.2% |
| Furniture and vehicles | 24 | €4,282 | €1,693 | -€2,589 | -60.5% |
| Current assets | 29/58 | €46,739 | €51,745 | +€5,005 | +10.7% |
| Amounts receivable within one year | 40/41 | €16,368 | €21,724 | +€5,356 | +32.7% |
| Trade receivables | 40 | €11,289 | €9,680 | -€1,609 | -14.3% |
| Other amounts receivable | 41 | €5,080 | €12,044 | +€6,965 | +137.1% |
| Cash at bank and in hand | 54/58 | €30,064 | €29,366 | -€698 | -2.3% |
| Deferred charges and accrued income | 490/1 | €307 | €655 | +€348 | +113.3% |
| Total equity and liabilities | 10/49 | €53,936 | €55,734 | +€1,798 | +3.3% |
| Equity | 10/15 | €50,824 | €52,731 | +€1,907 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,624 | €46,531 | +€1,907 | +4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,764 | €44,671 | +€1,907 | +4.5% |
| Amounts payable | 17/49 | €3,113 | €3,004 | -€109 | -3.5% |
| Amounts payable within one year | 42/48 | €3,113 | €3,004 | -€109 | -3.5% |
| Trade debts | 44 | €300 | €400 | +€100 | +33.3% |
| Suppliers | 440/4 | €300 | €400 | +€100 | +33.3% |
| Taxes, remuneration and social security | 45 | €2,813 | €2,604 | -€209 | -7.4% |
| Taxes | 450/3 | €2,813 | €2,604 | -€209 | -7.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,200 | €4,633 | -€3,567 | -43.5% |
| Other operating charges | 640/8 | €1,571 | €1,485 | -€85 | -5.4% |
| Gross operating margin | 9900 | €6,217 | €13,004 | +€6,787 | +109.2% |
| Operating profit (loss) | 9901 | -€3,554 | €6,885 | +€10,439 | |
| Financial income | 75/76B | €445 | €619 | +€174 | +39.0% |
| Recurring financial income | 75 | €445 | €619 | +€174 | +39.0% |
| Financial charges | 65/66B | €1,778 | €3,762 | +€1,984 | +111.5% |
| Recurring financial charges | 65 | €1,778 | €3,762 | +€1,984 | +111.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,887 | €3,742 | +€8,629 | |
| Income taxes | 67/77 | €1,653 | €1,835 | +€182 | +11.0% |
| Profit (loss) for the period | 9904 | -€6,540 | €1,907 | +€8,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,540 | €1,907 | +€8,447 |
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 4 October 2026 via checked.be.