DEN TWEESPRONG: what changed
What changed
DEN TWEESPRONG
NACE 01.462, Crop and animal production, hunting and related service activities
filed annual accounts (NBB)
Net result for the year
-€119,386
2024 · €245,664-€365,049
Equity
€566,243
2024 · €610,382-€44,139
Cash
€45,181
2024 · €47,585-€2,404
Balance sheet total
€3.2m
2024 · €3.4m-€274,042
Largest movements
Assets
- Stocks and contracts -€216,019
down €216,019 (-22.0%), from €982,512 to €766,493
- Tangible fixed assets -€58,740
down €58,740 (-2.5%), from €2.3m to €2.3m
of which Land and buildings: -€118,143
Equity and liabilities
- Debts after one year -€117,033
down €117,033 (-5.4%), from €2.2m to €2.0m
- Profit (loss) carried forward -€109,136
down €109,136, from €0 to -€109,136
- Current portion of long-term debt -€78,672
down €78,672 (-25.5%), from €308,721 to €230,048
- Investment grants +€75,247
up €75,247 (+302%), from €24,953 to €100,200
- Trade debts -€61,894
down €61,894 (-26.7%), from €232,070 to €170,175
Income statement
- Gross operating margin -€354,906
down €354,906 (-61.6%), from €576,422 to €221,516
- Depreciation +€26,379
up €26,379 (+12.1%), from €218,455 to €244,835
- Financial income +€20,108
up €20,108 (+388%), from €5,184 to €25,292
- Staff costs +€14,038
up €14,038 (+283%), from €4,954 to €18,992
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€245,664
Gross operating margin
-€354,906
Staff costs
-€14,038
Depreciation
-€26,379
Other operating charges
+€2,604
Financial income
+€20,108
Financial charges
+€5,136
Taxes
+€1,368
Deferred taxes and other
+€1,058
Result 2025
-€119,386
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€293,894
Investment
-€185,840
Financing
-€110,458
Cash 2024
€47,585
From operations (derived)
+€293,894
Net result for the year
-€119,386
Depreciation
+€244,835
Stocks and contracts
+€216,019
Receivables within one year
-€19,101
Deferred charges and accrued income
+€15,724
Provisions
+€3,960
Trade debts
-€61,894
Tax, wage and social debts
-€6,642
Other debts
+€21,752
Accrued charges and deferred income
-€1,373
Investment (derived)
-€185,840
Investment in fixed assets (net)
-€185,840
Financing
-€110,458
Debts after one year
-€117,033
Current portion of long-term debt
-€78,672
Short-term financial debts
+€10,000
Contributions, distributions and other
+€75,247
Cash 2025
€45,181
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,446,603 | €3,172,562 | -€274,042 | -8.0% |
| Fixed assets | 21/28 | €2,337,677 | €2,278,682 | -€58,995 | -2.5% |
| Intangible fixed assets | 21 | €2,226 | €1,971 | -€255 | -11.5% |
| Tangible fixed assets | 22/27 | €2,335,451 | €2,276,711 | -€58,740 | -2.5% |
| Land and buildings | 22 | €1,333,356 | €1,215,213 | -€118,143 | -8.9% |
| Plant, machinery and equipment | 23 | €1,002,095 | €937,531 | -€64,564 | -6.4% |
| Furniture and vehicles | 24 | - | €123,967 | +€123,967 | |
| Current assets | 29/58 | €1,108,926 | €893,880 | -€215,047 | -19.4% |
| Stocks and contracts in progress | 3 | €982,512 | €766,493 | -€216,019 | -22.0% |
| Stocks | 30/36 | €982,512 | €766,493 | -€216,019 | -22.0% |
| Amounts receivable within one year | 40/41 | €61,088 | €80,189 | +€19,101 | +31.3% |
| Trade receivables | 40 | €50,496 | €29,971 | -€20,526 | -40.6% |
| Other amounts receivable | 41 | €10,591 | €50,218 | +€39,626 | +374% |
| Cash at bank and in hand | 54/58 | €47,585 | €45,181 | -€2,404 | -5.1% |
| Deferred charges and accrued income | 490/1 | €17,741 | €2,016 | -€15,724 | -88.6% |
| Total equity and liabilities | 10/49 | €3,446,603 | €3,172,562 | -€274,042 | -8.0% |
| Equity | 10/15 | €610,382 | €566,243 | -€44,139 | -7.2% |
| Contributions | 10/11 | €365,800 | €365,800 | = | 0.0% |
| Reserves | 13 | €219,629 | €209,379 | -€10,250 | -4.7% |
| Distributable reserves | 133 | €219,629 | €209,379 | -€10,250 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | -€109,136 | -€109,136 | |
| Investment grants | 15 | €24,953 | €100,200 | +€75,247 | +302% |
| Provisions and deferred taxes | 16 | €1,313 | €5,274 | +€3,960 | +302% |
| Deferred taxes | 168 | €1,313 | €5,274 | +€3,960 | +302% |
| Amounts payable | 17/49 | €2,834,908 | €2,601,045 | -€233,863 | -8.2% |
| Amounts payable after more than one year | 17 | €2,157,154 | €2,040,121 | -€117,033 | -5.4% |
| Financial debts | 170/4 | €2,157,154 | €2,040,121 | -€117,033 | -5.4% |
| Amounts payable within one year | 42/48 | €663,982 | €548,524 | -€115,458 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €308,721 | €230,048 | -€78,672 | -25.5% |
| Financial debts | 43 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Credit institutions | 430/8 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Trade debts | 44 | €232,070 | €170,175 | -€61,894 | -26.7% |
| Suppliers | 440/4 | €232,070 | €170,175 | -€61,894 | -26.7% |
| Taxes, remuneration and social security | 45 | €18,922 | €12,280 | -€6,642 | -35.1% |
| Taxes | 450/3 | €12,891 | €7,280 | -€5,611 | -43.5% |
| Remuneration and social security | 454/9 | €6,031 | €5,000 | -€1,031 | -17.1% |
| Other amounts payable | 47/48 | €54,269 | €76,021 | +€21,752 | +40.1% |
| Accrued charges and deferred income | 492/3 | €13,772 | €12,399 | -€1,373 | -10.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,954 | €18,992 | +€14,038 | +283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,455 | €244,835 | +€26,379 | +12.1% |
| Other operating charges | 640/8 | €9,078 | €6,474 | -€2,604 | -28.7% |
| Gross operating margin | 9900 | €576,422 | €221,516 | -€354,906 | -61.6% |
| Operating profit (loss) | 9901 | €343,936 | -€48,784 | -€392,720 | |
| Financial income | 75/76B | €5,184 | €25,292 | +€20,108 | +388% |
| Recurring financial income | 75 | €5,184 | €25,292 | +€20,108 | +388% |
| Financial charges | 65/66B | €100,888 | €95,751 | -€5,136 | -5.1% |
| Recurring financial charges | 65 | €100,888 | €95,751 | -€5,136 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €248,232 | -€119,243 | -€367,475 | |
| Transfer from deferred taxes | 780 | €272 | €1,331 | +€1,058 | +388% |
| Income taxes | 67/77 | €2,841 | €1,473 | -€1,368 | -48.1% |
| Profit (loss) for the period | 9904 | €245,664 | -€119,386 | -€365,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €245,664 | -€119,386 | -€365,049 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.