EURO 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.
EURO TWINS
Largest movements
- Stocks and contracts +€29,111
up €29,111 (+14.7%), from €197,524 to €226,634
- Receivables within one year -€27,673
down €27,673 (-30.0%), from €92,220 to €64,546
of which Trade receivables: -€21,675
- Other debts -€87,134
down €87,134 (-32.0%), from €272,494 to €185,360
- Trade debts +€85,186
up €85,186 (+1,143%), from €7,452 to €92,638
- Gross operating margin -€803
down €803 (-15.3%), from €5,235 to €4,432
- Other operating charges -€653
down €653 (-77.1%), from €847 to €194
- Depreciation -€550
down €550 (-60.5%), from €908 to €358
- Financial income -€171
down €171 (-100%), from €171 to €0
- Taxes +€79
up €79 (+12.9%), from €618 to €697
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 | €292,804 | €292,529 | -€275 | -0.1% |
| Formation expenses | 20 | €883 | €525 | -€358 | -40.6% |
| Current assets | 29/58 | €291,920 | €292,004 | +€83 | 0.0% |
| Stocks and contracts in progress | 3 | €197,524 | €226,634 | +€29,111 | +14.7% |
| Stocks | 30/36 | €197,524 | €226,634 | +€29,111 | +14.7% |
| Amounts receivable within one year | 40/41 | €92,220 | €64,546 | -€27,673 | -30.0% |
| Trade receivables | 40 | €86,221 | €64,546 | -€21,675 | -25.1% |
| Other amounts receivable | 41 | €5,998 | €0 | -€5,998 | -100% |
| Cash at bank and in hand | 54/58 | €2,177 | €823 | -€1,354 | -62.2% |
| Total equity and liabilities | 10/49 | €292,804 | €292,529 | -€275 | -0.1% |
| Equity | 10/15 | €7,471 | €10,065 | +€2,594 | +34.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €2,471 | €5,065 | +€2,594 | +105% |
| Distributable reserves | 133 | €2,471 | €5,065 | +€2,594 | +105% |
| Amounts payable | 17/49 | €285,333 | €282,464 | -€2,869 | -1.0% |
| Amounts payable within one year | 42/48 | €285,333 | €282,464 | -€2,869 | -1.0% |
| Trade debts | 44 | €7,452 | €92,638 | +€85,186 | +1,143% |
| Suppliers | 440/4 | €7,452 | €92,638 | +€85,186 | +1,143% |
| Taxes, remuneration and social security | 45 | €5,387 | €4,466 | -€921 | -17.1% |
| Taxes | 450/3 | €5,387 | €4,466 | -€921 | -17.1% |
| Other amounts payable | 47/48 | €272,494 | €185,360 | -€87,134 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €358 | -€550 | -60.5% |
| Other operating charges | 640/8 | €847 | €194 | -€653 | -77.1% |
| Gross operating margin | 9900 | €5,235 | €4,432 | -€803 | -15.3% |
| Operating profit (loss) | 9901 | €3,480 | €3,880 | +€400 | +11.5% |
| Financial income | 75/76B | €171 | €0 | -€171 | -100% |
| Recurring financial income | 75 | €171 | €0 | -€171 | -100% |
| Financial charges | 65/66B | €562 | €588 | +€26 | +4.6% |
| Recurring financial charges | 65 | €562 | €588 | +€26 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €3,088 | €3,292 | +€203 | +6.6% |
| Income taxes | 67/77 | €618 | €697 | +€79 | +12.9% |
| Profit (loss) for the period | 9904 | €2,471 | €2,594 | +€124 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,471 | €2,594 | +€124 | +5.0% |
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 27 October 2026 via checked.be.