ForTwinsProject: 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.
ForTwinsProject
Largest movements
- Stocks and contracts +€35,343
up €35,343 (+12.1%), from €292,211 to €327,554
- Receivables within one year +€7,866
up €7,866 (+561%), from €1,401 to €9,268
- Other debts +€32,528
up €32,528 (+43.4%), from €75,022 to €107,551
- Trade debts +€28,956
new in 2024: €28,956
- Profit (loss) carried forward -€11,424
down €11,424 (-166%), from -€6,883 to -€18,308
- Accrued charges and deferred income -€6,282
no longer reported in 2024 (was €6,282)
- Gross operating margin -€19,880
down €19,880, from €15,456 to -€4,424
- Financial charges -€7,635
down €7,635 (-53.6%), from €14,237 to €6,602
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,421 | €338,199 | +€43,779 | +14.9% |
| Current assets | 29/58 | €294,421 | €338,199 | +€43,779 | +14.9% |
| Stocks and contracts in progress | 3 | €292,211 | €327,554 | +€35,343 | +12.1% |
| Stocks | 30/36 | €292,211 | €327,554 | +€35,343 | +12.1% |
| Amounts receivable within one year | 40/41 | €1,401 | €9,268 | +€7,866 | +561% |
| Other amounts receivable | 41 | €1,401 | €9,268 | +€7,866 | +561% |
| Cash at bank and in hand | 54/58 | €809 | €1,378 | +€569 | +70.3% |
| Total equity and liabilities | 10/49 | €294,421 | €338,199 | +€43,779 | +14.9% |
| Equity | 10/15 | €13,117 | €1,692 | -€11,424 | -87.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,883 | -€18,308 | -€11,424 | -166% |
| Amounts payable | 17/49 | €281,304 | €336,507 | +€55,203 | +19.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,022 | €136,507 | +€61,485 | +82.0% |
| Trade debts | 44 | - | €28,956 | +€28,956 | |
| Suppliers | 440/4 | - | €28,956 | +€28,956 | |
| Other amounts payable | 47/48 | €75,022 | €107,551 | +€32,528 | +43.4% |
| Accrued charges and deferred income | 492/3 | €6,282 | - | -€6,282 | |
| Other operating charges | 640/8 | €395 | €398 | +€3 | +0.9% |
| Gross operating margin | 9900 | €15,456 | -€4,424 | -€19,880 | |
| Operating profit (loss) | 9901 | €15,061 | -€4,822 | -€19,884 | |
| Financial charges | 65/66B | €14,237 | €6,602 | -€7,635 | -53.6% |
| Recurring financial charges | 65 | €14,237 | €6,602 | -€7,635 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €824 | -€11,424 | -€12,248 | |
| Profit (loss) for the period | 9904 | €824 | -€11,424 | -€12,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €824 | -€11,424 | -€12,248 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.