TYWILL: 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.
TYWILL
Largest movements
- Receivables within one year +€228,947
up €228,947 (+1,322%), from €17,324 to €246,271
of which Other amounts receivable: +€231,240
- Cash -€191,252
down €191,252 (-75.3%), from €253,922 to €62,670
mainly Receivables within one year (-€228,947) and Stocks and contracts (-€25,078)
- Stocks and contracts +€25,078
up €25,078 (+54.9%), from €45,676 to €70,753
- Tangible fixed assets -€7,603
down €7,603 (-24.7%), from €30,764 to €23,162
of which Land and buildings: -€6,306
- Reserves +€51,814
up €51,814 (+24.7%), from €210,061 to €261,875
- Trade debts +€13,343
up €13,343 (+49.6%), from €26,889 to €40,232
of which Suppliers: +€17,611
- Debts after one year -€6,996
down €6,996 (-44.9%), from €15,587 to €8,591
- Gross operating margin +€33,293
up €33,293 (+23.7%), from €140,594 to €173,887
- Staff costs -€14,491
down €14,491 (-15.0%), from €96,310 to €81,819
- Taxes +€13,636
up €13,636 (+200%), from €6,812 to €20,448
- Other operating charges +€6,474
up €6,474 (+339%), from €1,907 to €8,381
- Write-downs -€2,128
no longer reported in 2025 (was €2,128)
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.
Derived cash bridge
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 | €354,832 | €408,469 | +€53,637 | +15.1% |
| Fixed assets | 21/28 | €31,438 | €23,835 | -€7,603 | -24.2% |
| Tangible fixed assets | 22/27 | €30,764 | €23,162 | -€7,603 | -24.7% |
| Land and buildings | 22 | €25,742 | €19,436 | -€6,306 | -24.5% |
| Plant, machinery and equipment | 23 | €3,306 | €2,555 | -€751 | -22.7% |
| Furniture and vehicles | 24 | €1,716 | €1,171 | -€545 | -31.8% |
| Financial fixed assets | 28 | €674 | €674 | = | 0.0% |
| Current assets | 29/58 | €323,394 | €384,633 | +€61,239 | +18.9% |
| Stocks and contracts in progress | 3 | €45,676 | €70,753 | +€25,078 | +54.9% |
| Stocks | 30/36 | €45,676 | €70,753 | +€25,078 | +54.9% |
| Amounts receivable within one year | 40/41 | €17,324 | €246,271 | +€228,947 | +1,322% |
| Trade receivables | 40 | €17,293 | €15,000 | -€2,293 | -13.3% |
| Other amounts receivable | 41 | €31 | €231,271 | +€231,240 | +740,205% |
| Cash at bank and in hand | 54/58 | €253,922 | €62,670 | -€191,252 | -75.3% |
| Deferred charges and accrued income | 490/1 | €6,473 | €4,939 | -€1,534 | -23.7% |
| Total equity and liabilities | 10/49 | €354,832 | €408,469 | +€53,637 | +15.1% |
| Equity | 10/15 | €278,232 | €330,046 | +€51,814 | +18.6% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €210,061 | €261,875 | +€51,814 | +24.7% |
| Distributable reserves | 133 | €210,061 | €261,875 | +€51,814 | +24.7% |
| Amounts payable | 17/49 | €76,600 | €78,423 | +€1,822 | +2.4% |
| Amounts payable after more than one year | 17 | €15,587 | €8,591 | -€6,996 | -44.9% |
| Financial debts | 170/4 | €15,587 | €8,591 | -€6,996 | -44.9% |
| Amounts payable within one year | 42/48 | €61,014 | €69,831 | +€8,818 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €6,672 | €6,996 | +€324 | +4.8% |
| Trade debts | 44 | €26,889 | €40,232 | +€13,343 | +49.6% |
| Suppliers | 440/4 | €22,621 | €40,232 | +€17,611 | +77.9% |
| Bills of exchange payable | 441 | €4,268 | - | -€4,268 | |
| Taxes, remuneration and social security | 45 | €25,111 | €22,603 | -€2,508 | -10.0% |
| Taxes | 450/3 | €10,543 | €15,291 | +€4,748 | +45.0% |
| Remuneration and social security | 454/9 | €14,569 | €7,313 | -€7,256 | -49.8% |
| Other amounts payable | 47/48 | €2,341 | - | -€2,341 | |
| Remuneration, social security and pensions | 62 | €96,310 | €81,819 | -€14,491 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,175 | €7,603 | +€428 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,128 | - | -€2,128 | |
| Other operating charges | 640/8 | €1,907 | €8,381 | +€6,474 | +339% |
| Gross operating margin | 9900 | €140,594 | €173,887 | +€33,293 | +23.7% |
| Operating profit (loss) | 9901 | €33,073 | €76,084 | +€43,010 | +130% |
| Financial income | 75/76B | €502 | €1,344 | +€842 | +168% |
| Recurring financial income | 75 | €502 | €1,344 | +€842 | +168% |
| Financial charges | 65/66B | €3,580 | €5,165 | +€1,585 | +44.3% |
| Recurring financial charges | 65 | €3,580 | €5,165 | +€1,585 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €29,995 | €72,262 | +€42,268 | +141% |
| Income taxes | 67/77 | €6,812 | €20,448 | +€13,636 | +200% |
| Profit (loss) for the period | 9904 | €23,183 | €51,814 | +€28,632 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €23,183 | €51,814 | +€28,632 | +124% |
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 14 October 2026 via checked.be.