GD TWIPO: 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.
GD TWIPO
Largest movements
- Receivables within one year +€23,619
up €23,619 (+2,984%), from €791 to €24,411
- Cash +€846
up €846 (+20.4%), from €4,144 to €4,990
mainly Tax, wage and social debts (+€19,923) and Other debts (+€10,110)
- Tangible fixed assets +€800
new in 2025: €800
- Tax, wage and social debts +€19,923
up €19,923 (+222%), from €8,979 to €28,902
of which Remuneration and social security: +€16,937
- Other debts +€10,110
up €10,110 (+809%), from €1,250 to €11,360
- Profit (loss) carried forward -€3,555
down €3,555 (-9.9%), from -€36,064 to -€39,619
- Trade debts -€1,213
down €1,213 (-5.7%), from €21,156 to €19,943
- Gross operating margin +€19,355
up €19,355, from -€17,631 to €1,724
- Depreciation +€200
new in 2025: €200
- Other operating charges +€189
up €189 (+4.0%), from €4,707 to €4,896
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 | €13,920 | €39,185 | +€25,265 | +181% |
| Fixed assets | 21/28 | €7,705 | €8,505 | +€800 | +10.4% |
| Tangible fixed assets | 22/27 | - | €800 | +€800 | |
| Plant, machinery and equipment | 23 | - | €800 | +€800 | |
| Financial fixed assets | 28 | €7,705 | €7,705 | = | 0.0% |
| Current assets | 29/58 | €6,216 | €30,681 | +€24,465 | +394% |
| Stocks and contracts in progress | 3 | €1,280 | €1,280 | = | 0.0% |
| Stocks | 30/36 | €1,280 | €1,280 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €791 | €24,411 | +€23,619 | +2,984% |
| Trade receivables | 40 | €791 | €24,411 | +€23,619 | +2,984% |
| Cash at bank and in hand | 54/58 | €4,144 | €4,990 | +€846 | +20.4% |
| Total equity and liabilities | 10/49 | €13,920 | €39,185 | +€25,265 | +181% |
| Equity | 10/15 | -€17,464 | -€21,019 | -€3,555 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,064 | -€39,619 | -€3,555 | -9.9% |
| Amounts payable | 17/49 | €31,384 | €60,205 | +€28,820 | +91.8% |
| Amounts payable within one year | 42/48 | €31,384 | €60,205 | +€28,820 | +91.8% |
| Trade debts | 44 | €21,156 | €19,943 | -€1,213 | -5.7% |
| Suppliers | 440/4 | €21,156 | €19,943 | -€1,213 | -5.7% |
| Taxes, remuneration and social security | 45 | €8,979 | €28,902 | +€19,923 | +222% |
| Taxes | 450/3 | €3,092 | €6,078 | +€2,986 | +96.6% |
| Remuneration and social security | 454/9 | €5,886 | €22,824 | +€16,937 | +288% |
| Other amounts payable | 47/48 | €1,250 | €11,360 | +€10,110 | +809% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €200 | +€200 | |
| Other operating charges | 640/8 | €4,707 | €4,896 | +€189 | +4.0% |
| Gross operating margin | 9900 | -€17,631 | €1,724 | +€19,355 | |
| Operating profit (loss) | 9901 | -€22,338 | -€3,372 | +€18,966 | +84.9% |
| Financial charges | 65/66B | €124 | €183 | +€59 | +48.1% |
| Recurring financial charges | 65 | €124 | €183 | +€59 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,462 | -€3,555 | +€18,906 | +84.2% |
| Profit (loss) for the period | 9904 | -€22,462 | -€3,555 | +€18,906 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,462 | -€3,555 | +€18,906 | +84.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.