TWAN BRUIJSTENS: 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.
TWAN BRUIJSTENS
Largest movements
- Cash +€41,226
up €41,226 (+2,230%), from €1,849 to €43,075
mainly Net result for the year (+€44,889) and Other debts (+€21,567)
- Deferred charges and accrued income +€38,489
new in 2025: €38,489
- Tangible fixed assets +€3,913
up €3,913 (+26.7%), from €14,631 to €18,544
of which Furniture and vehicles: +€4,623
- Reserves +€43,812
new in 2025: €43,812
- Other debts +€21,567
up €21,567 (+147%), from €14,631 to €36,198
- Tax, wage and social debts +€16,313
new in 2025: €16,313
- Profit (loss) carried forward +€1,077
up €1,077, from -€1,077 to €0
- Gross operating margin +€65,905
up €65,905, from -€926 to €64,979
- Taxes +€16,313
new in 2025: €16,313
- Depreciation +€2,733
new in 2025: €2,733
- Other operating charges +€907
new in 2025: €907
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 | €16,480 | €100,108 | +€83,628 | +507% |
| Fixed assets | 21/28 | €14,631 | €18,544 | +€3,913 | +26.7% |
| Tangible fixed assets | 22/27 | €14,631 | €18,544 | +€3,913 | +26.7% |
| Furniture and vehicles | 24 | - | €4,623 | +€4,623 | |
| Other tangible fixed assets | 26 | €14,631 | €13,168 | -€1,463 | -10.0% |
| Assets under construction and advance payments | 27 | - | €753 | +€753 | |
| Current assets | 29/58 | €1,849 | €81,564 | +€79,715 | +4,312% |
| Cash at bank and in hand | 54/58 | €1,849 | €43,075 | +€41,226 | +2,230% |
| Deferred charges and accrued income | 490/1 | - | €38,489 | +€38,489 | |
| Total equity and liabilities | 10/49 | €16,480 | €100,108 | +€83,628 | +507% |
| Equity | 10/15 | €923 | €45,812 | +€44,889 | +4,863% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €43,812 | +€43,812 | |
| Distributable reserves | 133 | - | €43,812 | +€43,812 | |
| Profit (loss) carried forward | 14 | -€1,077 | €0 | +€1,077 | |
| Amounts payable | 17/49 | €15,557 | €54,296 | +€38,739 | +249% |
| Amounts payable within one year | 42/48 | €15,557 | €54,296 | +€38,739 | +249% |
| Trade debts | 44 | €926 | €1,785 | +€859 | +92.8% |
| Suppliers | 440/4 | €926 | €1,785 | +€859 | +92.8% |
| Taxes, remuneration and social security | 45 | - | €16,313 | +€16,313 | |
| Taxes | 450/3 | - | €16,313 | +€16,313 | |
| Other amounts payable | 47/48 | €14,631 | €36,198 | +€21,567 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,733 | +€2,733 | |
| Other operating charges | 640/8 | - | €907 | +€907 | |
| Gross operating margin | 9900 | -€926 | €64,979 | +€65,905 | |
| Operating profit (loss) | 9901 | -€926 | €61,339 | +€62,265 | |
| Financial charges | 65/66B | €151 | €137 | -€15 | -9.6% |
| Recurring financial charges | 65 | €151 | €137 | -€15 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,077 | €61,202 | +€62,279 | |
| Income taxes | 67/77 | - | €16,313 | +€16,313 | |
| Profit (loss) for the period | 9904 | -€1,077 | €44,889 | +€45,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,077 | €44,889 | +€45,966 |
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.