STUDIO TWOCAN: what changed
Two fiscal 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.
STUDIO TWOCAN
Largest movements
- Cash +€28,935
up €28,935 (+47.7%), from €60,606 to €89,541
mainly Other debts (+€115,862) and Net result for the year (+€50,118)
- Receivables within one year +€26,286
up €26,286 (+23.0%), from €114,117 to €140,403
of which Trade receivables: +€23,884
- Tangible fixed assets -€5,490
down €5,490 (-45.2%), from €12,150 to €6,661
- Other debts +€115,862
up €115,862 (+97.5%), from €118,861 to €234,723
- Profit (loss) carried forward -€60,084
down €60,084 (-100.0%), from €60,084 to €0
- Trade debts -€5,684
down €5,684 (-87.8%), from €6,475 to €791
- Gross operating margin -€11,997
down €11,997 (-14.0%), from €85,613 to €73,616
- Taxes -€2,433
down €2,433 (-14.7%), from €16,495 to €14,062
- Other operating charges +€1,067
up €1,067 (+172.1%), from €620 to €1,687
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.
Cash bridge derived
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 | €189,606 | €239,685 | +€50,079 | +26.4% |
| Fixed assets | 21/28 | €12,150 | €6,661 | -€5,490 | -45.2% |
| Tangible fixed assets | 22/27 | €12,150 | €6,661 | -€5,490 | -45.2% |
| Furniture and vehicles | 24 | €12,150 | €6,661 | -€5,490 | -45.2% |
| Current assets | 29/58 | €177,456 | €233,024 | +€55,569 | +31.3% |
| Amounts receivable within one year | 40/41 | €114,117 | €140,403 | +€26,286 | +23.0% |
| Trade receivables | 40 | €106,130 | €130,014 | +€23,884 | +22.5% |
| Other amounts receivable | 41 | €7,987 | €10,389 | +€2,402 | +30.1% |
| Cash at bank and in hand | 54/58 | €60,606 | €89,541 | +€28,935 | +47.7% |
| Deferred charges and accrued income | 490/1 | €2,733 | €3,080 | +€348 | +12.7% |
| Total equity and liabilities | 10/49 | €189,606 | €239,685 | +€50,079 | +26.4% |
| Equity | 10/15 | €63,084 | €3,000 | -€60,084 | -95.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,084 | €0 | -€60,084 | -100.0% |
| Amounts payable | 17/49 | €126,522 | €236,685 | +€110,163 | +87.1% |
| Amounts payable within one year | 42/48 | €126,522 | €236,685 | +€110,163 | +87.1% |
| Trade debts | 44 | €6,475 | €791 | -€5,684 | -87.8% |
| Suppliers | 440/4 | €6,475 | €791 | -€5,684 | -87.8% |
| Taxes, remuneration and social security | 45 | €1,187 | €1,170 | -€16 | -1.4% |
| Taxes | 450/3 | €1,187 | €1,170 | -€16 | -1.4% |
| Other amounts payable | 47/48 | €118,861 | €234,723 | +€115,862 | +97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,163 | €7,732 | -€431 | -5.3% |
| Other operating charges | 640/8 | €620 | €1,687 | +€1,067 | +172.1% |
| Gross operating margin | 9900 | €85,613 | €73,616 | -€11,997 | -14.0% |
| Operating profit (loss) | 9901 | €76,830 | €64,197 | -€12,633 | -16.4% |
| Financial income | 75/76B | €2 | €300 | +€297 | +12075.6% |
| Recurring financial income | 75 | €2 | €300 | +€297 | +12075.6% |
| Financial charges | 65/66B | €254 | €317 | +€63 | +24.8% |
| Recurring financial charges | 65 | €254 | €317 | +€63 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €76,578 | €64,180 | -€12,399 | -16.2% |
| Income taxes | 67/77 | €16,495 | €14,062 | -€2,433 | -14.7% |
| Profit (loss) for the period | 9904 | €60,084 | €50,118 | -€9,966 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,084 | €50,118 | -€9,966 | -16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.