LES 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.
LES TWINS
Largest movements
- Cash +€8,452
up €8,452 (+122%), from €6,939 to €15,391
mainly Net result for the year (+€23,582) and Depreciation (+€9,721)
- Tangible fixed assets -€5,421
down €5,421 (-22.5%), from €24,084 to €18,663
of which Plant, machinery and equipment: -€5,274
- Profit (loss) carried forward +€23,582
up €23,582 (+18.5%), from -€127,570 to -€103,988
- Trade debts -€16,480
down €16,480 (-66.7%), from €24,716 to €8,236
- Tax, wage and social debts -€3,813
down €3,813 (-21.3%), from €17,920 to €14,107
of which Remuneration and social security: -€4,288
- Gross operating margin -€52,578
down €52,578 (-46.5%), from €112,968 to €60,390
- Staff costs -€35,258
down €35,258 (-63.6%), from €55,479 to €20,221
- Other operating charges +€2,750
up €2,750 (+137%), from €2,002 to €4,752
- Financial charges -€2,722
down €2,722 (-54.2%), from €5,023 to €2,301
- Depreciation -€1,773
down €1,773 (-15.4%), from €11,494 to €9,721
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 | €35,083 | €38,292 | +€3,209 | +9.1% |
| Fixed assets | 21/28 | €26,506 | €21,085 | -€5,421 | -20.5% |
| Tangible fixed assets | 22/27 | €24,084 | €18,663 | -€5,421 | -22.5% |
| Plant, machinery and equipment | 23 | €10,604 | €5,330 | -€5,274 | -49.7% |
| Furniture and vehicles | 24 | €3,888 | €5,286 | +€1,398 | +36.0% |
| Other tangible fixed assets | 26 | €9,592 | €8,047 | -€1,545 | -16.1% |
| Financial fixed assets | 28 | €2,422 | €2,422 | = | 0.0% |
| Current assets | 29/58 | €8,577 | €17,207 | +€8,630 | +101% |
| Amounts receivable within one year | 40/41 | €1,532 | €1,766 | +€234 | +15.3% |
| Trade receivables | 40 | €169 | €318 | +€149 | +88.2% |
| Other amounts receivable | 41 | €1,363 | €1,448 | +€85 | +6.2% |
| Cash at bank and in hand | 54/58 | €6,939 | €15,391 | +€8,452 | +122% |
| Deferred charges and accrued income | 490/1 | €106 | €50 | -€56 | -52.8% |
| Total equity and liabilities | 10/49 | €35,083 | €38,292 | +€3,209 | +9.1% |
| Equity | 10/15 | -€96,570 | -€72,988 | +€23,582 | +24.4% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,570 | -€103,988 | +€23,582 | +18.5% |
| Amounts payable | 17/49 | €131,653 | €111,280 | -€20,373 | -15.5% |
| Amounts payable within one year | 42/48 | €131,653 | €111,280 | -€20,373 | -15.5% |
| Trade debts | 44 | €24,716 | €8,236 | -€16,480 | -66.7% |
| Suppliers | 440/4 | €24,716 | €8,236 | -€16,480 | -66.7% |
| Taxes, remuneration and social security | 45 | €17,920 | €14,107 | -€3,813 | -21.3% |
| Taxes | 450/3 | €3,360 | €3,835 | +€475 | +14.1% |
| Remuneration and social security | 454/9 | €14,560 | €10,272 | -€4,288 | -29.5% |
| Other amounts payable | 47/48 | €89,017 | €88,937 | -€80 | -0.1% |
| Remuneration, social security and pensions | 62 | €55,479 | €20,221 | -€35,258 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,494 | €9,721 | -€1,773 | -15.4% |
| Other operating charges | 640/8 | €2,002 | €4,752 | +€2,750 | +137% |
| Gross operating margin | 9900 | €112,968 | €60,390 | -€52,578 | -46.5% |
| Operating profit (loss) | 9901 | €43,993 | €25,696 | -€18,297 | -41.6% |
| Financial income | 75/76B | €9 | €187 | +€178 | +1,978% |
| Recurring financial income | 75 | €9 | €187 | +€178 | +1,978% |
| Financial charges | 65/66B | €5,023 | €2,301 | -€2,722 | -54.2% |
| Recurring financial charges | 65 | €5,023 | €2,301 | -€2,722 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €38,979 | €23,582 | -€15,397 | -39.5% |
| Profit (loss) for the period | 9904 | €38,979 | €23,582 | -€15,397 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,979 | €23,582 | -€15,397 | -39.5% |
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 1 November 2026 via checked.be.