LIBRAIRIE TWIST: 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.
LIBRAIRIE TWIST
Largest movements
- Stocks and contracts +€8,681
up €8,681 (+14.5%), from €59,991 to €68,671
- Tangible fixed assets -€4,984
down €4,984 (-24.0%), from €20,788 to €15,803
of which Land and buildings: -€4,784
- Cash +€3,888
up €3,888 (+15.2%), from €25,609 to €29,497
mainly Trade debts (+€19,457) and Depreciation (+€5,423)
- Receivables within one year +€3,222
up €3,222 (+28.0%), from €11,513 to €14,735
of which Trade receivables: +€4,524
- Trade debts +€19,457
up €19,457 (+129%), from €15,105 to €34,562
- Debts after one year -€6,334
no longer reported in 2025 (was €6,334)
- Profit (loss) carried forward -€2,228
down €2,228 (-3.3%), from -€66,730 to -€68,957
- Gross operating margin +€10,602
up €10,602 (+39.1%), from €27,094 to €37,696
- Staff costs +€2,270
up €2,270 (+7.6%), from €29,986 to €32,256
- Financial charges -€399
down €399 (-26.1%), from €1,529 to €1,130
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,101 | €129,547 | +€10,446 | +8.8% |
| Fixed assets | 21/28 | €21,741 | €16,318 | -€5,423 | -24.9% |
| Intangible fixed assets | 21 | €953 | €514 | -€439 | -46.0% |
| Tangible fixed assets | 22/27 | €20,788 | €15,803 | -€4,984 | -24.0% |
| Land and buildings | 22 | €20,510 | €15,726 | -€4,784 | -23.3% |
| Furniture and vehicles | 24 | €277 | €77 | -€200 | -72.1% |
| Current assets | 29/58 | €97,361 | €113,229 | +€15,869 | +16.3% |
| Stocks and contracts in progress | 3 | €59,991 | €68,671 | +€8,681 | +14.5% |
| Stocks | 30/36 | €59,991 | €68,671 | +€8,681 | +14.5% |
| Amounts receivable within one year | 40/41 | €11,513 | €14,735 | +€3,222 | +28.0% |
| Trade receivables | 40 | €9,178 | €13,702 | +€4,524 | +49.3% |
| Other amounts receivable | 41 | €2,335 | €1,033 | -€1,302 | -55.8% |
| Cash at bank and in hand | 54/58 | €25,609 | €29,497 | +€3,888 | +15.2% |
| Deferred charges and accrued income | 490/1 | €248 | €326 | +€78 | +31.6% |
| Total equity and liabilities | 10/49 | €119,101 | €129,547 | +€10,446 | +8.8% |
| Equity | 10/15 | €63,900 | €61,673 | -€2,228 | -3.5% |
| Contributions | 10/11 | €97,800 | €97,800 | = | 0.0% |
| Reserves | 13 | €32,830 | €32,830 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €26,830 | €26,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,730 | -€68,957 | -€2,228 | -3.3% |
| Amounts payable | 17/49 | €55,201 | €67,874 | +€12,673 | +23.0% |
| Amounts payable after more than one year | 17 | €6,334 | - | -€6,334 | |
| Financial debts | 170/4 | €6,334 | - | -€6,334 | |
| Amounts payable within one year | 42/48 | €48,867 | €67,874 | +€19,007 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €7,460 | €6,334 | -€1,126 | -15.1% |
| Trade debts | 44 | €15,105 | €34,562 | +€19,457 | +129% |
| Suppliers | 440/4 | €15,105 | €34,562 | +€19,457 | +129% |
| Taxes, remuneration and social security | 45 | €6,303 | €6,978 | +€676 | +10.7% |
| Taxes | 450/3 | €1,924 | €1,893 | -€31 | -1.6% |
| Remuneration and social security | 454/9 | €4,379 | €5,085 | +€707 | +16.1% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €29,986 | €32,256 | +€2,270 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,110 | €5,423 | +€313 | +6.1% |
| Other operating charges | 640/8 | €667 | €983 | +€316 | +47.4% |
| Gross operating margin | 9900 | €27,094 | €37,696 | +€10,602 | +39.1% |
| Operating profit (loss) | 9901 | -€8,668 | -€965 | +€7,703 | +88.9% |
| Financial income | 75/76B | €159 | - | -€159 | |
| Recurring financial income | 75 | €159 | - | -€159 | |
| Financial charges | 65/66B | €1,529 | €1,130 | -€399 | -26.1% |
| Recurring financial charges | 65 | €1,529 | €1,130 | -€399 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,039 | -€2,096 | +€7,943 | +79.1% |
| Income taxes | 67/77 | €217 | €132 | -€85 | -39.2% |
| Profit (loss) for the period | 9904 | -€10,256 | -€2,228 | +€8,028 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,256 | -€2,228 | +€8,028 | +78.3% |
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 28 October 2026 via checked.be.