TWYXEHL: 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.
TWYXEHL
Largest movements
- Tangible fixed assets -€18,914
down €18,914 (-36.6%), from €51,721 to €32,807
- Cash +€17,907
up €17,907 (+80.5%), from €22,244 to €40,151
mainly Net result for the year (+€20,237) and Depreciation (+€18,914)
- Debts after one year -€21,405
down €21,405 (-75.5%), from €28,364 to €6,959
- Reserves +€20,237
up €20,237 (+10.4%), from €193,664 to €213,901
- Depreciation +€2,446
up €2,446 (+14.9%), from €16,468 to €18,914
- Other operating charges +€758
up €758 (+144%), from €528 to €1,287
- Financial charges -€611
down €611 (-29.5%), from €2,073 to €1,462
- Taxes -€530
down €530 (-4.6%), from €11,442 to €10,912
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,498 | €276,175 | +€676 | +0.2% |
| Fixed assets | 21/28 | €51,721 | €32,807 | -€18,914 | -36.6% |
| Tangible fixed assets | 22/27 | €51,721 | €32,807 | -€18,914 | -36.6% |
| Furniture and vehicles | 24 | €51,721 | €32,807 | -€18,914 | -36.6% |
| Current assets | 29/58 | €223,777 | €243,368 | +€19,590 | +8.8% |
| Amounts receivable within one year | 40/41 | €25,876 | €25,955 | +€78 | +0.3% |
| Trade receivables | 40 | €25,168 | €25,955 | +€787 | +3.1% |
| Other amounts receivable | 41 | €708 | €0 | -€708 | -100% |
| Current investments | 50/53 | €173,385 | €175,033 | +€1,648 | +1.0% |
| Cash at bank and in hand | 54/58 | €22,244 | €40,151 | +€17,907 | +80.5% |
| Deferred charges and accrued income | 490/1 | €2,272 | €2,229 | -€43 | -1.9% |
| Total equity and liabilities | 10/49 | €275,498 | €276,175 | +€676 | +0.2% |
| Equity | 10/15 | €212,322 | €231,726 | +€19,404 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,664 | €213,901 | +€20,237 | +10.4% |
| Distributable reserves | 133 | €193,664 | €213,901 | +€20,237 | +10.4% |
| Profit (loss) carried forward | 14 | €6,258 | €5,425 | -€833 | -13.3% |
| Amounts payable | 17/49 | €63,177 | €44,449 | -€18,728 | -29.6% |
| Amounts payable after more than one year | 17 | €28,364 | €6,959 | -€21,405 | -75.5% |
| Financial debts | 170/4 | €28,364 | €6,959 | -€21,405 | -75.5% |
| Amounts payable within one year | 42/48 | €33,668 | €37,397 | +€3,728 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €20,865 | €21,405 | +€540 | +2.6% |
| Trade debts | 44 | €1,746 | €2,456 | +€710 | +40.7% |
| Suppliers | 440/4 | €1,746 | €2,456 | +€710 | +40.7% |
| Taxes, remuneration and social security | 45 | €8,971 | €9,892 | +€921 | +10.3% |
| Taxes | 450/3 | €8,971 | €9,892 | +€921 | +10.3% |
| Other amounts payable | 47/48 | €2,087 | €3,644 | +€1,557 | +74.6% |
| Accrued charges and deferred income | 492/3 | €1,145 | €93 | -€1,051 | -91.8% |
| Non-recurring operating income | 76A | €3,306 | €0 | -€3,306 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,468 | €18,914 | +€2,446 | +14.9% |
| Other operating charges | 640/8 | €528 | €1,287 | +€758 | +144% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,433 | €50,357 | -€76 | -0.2% |
| Operating profit (loss) | 9901 | €33,437 | €30,157 | -€3,281 | -9.8% |
| Financial income | 75/76B | €2,953 | €2,455 | -€498 | -16.9% |
| Recurring financial income | 75 | €2,953 | €2,455 | -€498 | -16.9% |
| Financial charges | 65/66B | €2,073 | €1,462 | -€611 | -29.5% |
| Recurring financial charges | 65 | €2,073 | €1,462 | -€611 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €34,317 | €31,149 | -€3,168 | -9.2% |
| Income taxes | 67/77 | €11,442 | €10,912 | -€530 | -4.6% |
| Profit (loss) for the period | 9904 | €22,875 | €20,237 | -€2,638 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,875 | €20,237 | -€2,638 | -11.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.