B-TWINS: 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.
B-TWINS
Largest movements
- Cash +€34,703
up €34,703 (+18.5%), from €187,086 to €221,789
mainly Receivables within one year (+€21,392) and Net result for the year (+€15,050)
- Receivables within one year -€21,392
down €21,392 (-87.7%), from €24,392 to €3,000
of which Trade receivables: -€19,411
- Tangible fixed assets -€9,657
down €9,657 (-15.5%), from €62,446 to €52,789
of which Furniture and vehicles: -€9,612
- Reserves +€15,050
up €15,050 (+9.5%), from €158,417 to €173,467
of which Distributable reserves: +€15,050
- Debts after one year -€12,087
down €12,087 (-33.0%), from €36,642 to €24,555
- Other debts -€3,082
down €3,082 (-6.3%), from €48,924 to €45,842
- Tax, wage and social debts +€3,040
up €3,040 (+23.3%), from €13,022 to €16,062
- Gross operating margin -€16,916
down €16,916 (-30.0%), from €56,336 to €39,420
- Other operating charges -€1,549
down €1,549 (-64.1%), from €2,418 to €869
- Taxes -€1,362
down €1,362 (-10.3%), from €13,268 to €11,906
- Financial charges -€637
down €637 (-24.7%), from €2,575 to €1,938
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 | €275,550 | €279,968 | +€4,418 | +1.6% |
| Fixed assets | 21/28 | €62,446 | €52,789 | -€9,657 | -15.5% |
| Tangible fixed assets | 22/27 | €62,446 | €52,789 | -€9,657 | -15.5% |
| Plant, machinery and equipment | 23 | €45 | - | -€45 | |
| Furniture and vehicles | 24 | €62,401 | €52,789 | -€9,612 | -15.4% |
| Current assets | 29/58 | €213,104 | €227,178 | +€14,075 | +6.6% |
| Amounts receivable within one year | 40/41 | €24,392 | €3,000 | -€21,392 | -87.7% |
| Trade receivables | 40 | €19,411 | - | -€19,411 | |
| Other amounts receivable | 41 | €4,981 | €3,000 | -€1,981 | -39.8% |
| Cash at bank and in hand | 54/58 | €187,086 | €221,789 | +€34,703 | +18.5% |
| Deferred charges and accrued income | 490/1 | €1,625 | €2,389 | +€764 | +47.0% |
| Total equity and liabilities | 10/49 | €275,550 | €279,968 | +€4,418 | +1.6% |
| Equity | 10/15 | €164,617 | €179,667 | +€15,050 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,417 | €173,467 | +€15,050 | +9.5% |
| 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 | €156,557 | €171,607 | +€15,050 | +9.6% |
| Amounts payable | 17/49 | €110,933 | €100,301 | -€10,632 | -9.6% |
| Amounts payable after more than one year | 17 | €36,642 | €24,555 | -€12,087 | -33.0% |
| Financial debts | 170/4 | €36,642 | €24,555 | -€12,087 | -33.0% |
| Amounts payable within one year | 42/48 | €74,206 | €75,486 | +€1,280 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €11,616 | €12,087 | +€471 | +4.1% |
| Trade debts | 44 | €645 | €1,495 | +€851 | +132% |
| Suppliers | 440/4 | €645 | €1,495 | +€851 | +132% |
| Taxes, remuneration and social security | 45 | €13,022 | €16,062 | +€3,040 | +23.3% |
| Taxes | 450/3 | €13,022 | €16,062 | +€3,040 | +23.3% |
| Other amounts payable | 47/48 | €48,924 | €45,842 | -€3,082 | -6.3% |
| Accrued charges and deferred income | 492/3 | €85 | €260 | +€175 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,239 | €9,657 | +€418 | +4.5% |
| Other operating charges | 640/8 | €2,418 | €869 | -€1,549 | -64.1% |
| Gross operating margin | 9900 | €56,336 | €39,420 | -€16,916 | -30.0% |
| Operating profit (loss) | 9901 | €44,679 | €28,894 | -€15,785 | -35.3% |
| Financial charges | 65/66B | €2,575 | €1,938 | -€637 | -24.7% |
| Recurring financial charges | 65 | €2,575 | €1,938 | -€637 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €42,103 | €26,956 | -€15,148 | -36.0% |
| Income taxes | 67/77 | €13,268 | €11,906 | -€1,362 | -10.3% |
| Profit (loss) for the period | 9904 | €28,836 | €15,050 | -€13,786 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,836 | €15,050 | -€13,786 | -47.8% |
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.