Twee beren: 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.
Twee beren
Largest movements
- Cash +€154,434
up €154,434 (+178%), from €86,616 to €241,050
mainly Net result for the year (+€116,700) and Tax, wage and social debts (+€29,617)
- Receivables within one year -€6,970
down €6,970 (-21.9%), from €31,800 to €24,830
- Deferred charges and accrued income +€5,845
up €5,845 (+323%), from €1,810 to €7,656
- Reserves +€116,700
up €116,700 (+42.2%), from €276,569 to €393,269
- Tax, wage and social debts +€29,617
up €29,617 (+74.2%), from €39,934 to €69,551
of which Taxes: +€26,874
- Gross operating margin -€51,176
down €51,176 (-23.9%), from €214,415 to €163,240
- Taxes -€15,520
down €15,520 (-24.2%), from €64,026 to €48,506
- Financial income +€3,739
up €3,739 (+199%), from €1,874 to €5,613
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 | €332,657 | €483,973 | +€151,315 | +45.5% |
| Fixed assets | 21/28 | €12,431 | €10,437 | -€1,994 | -16.0% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -29.0% |
| Tangible fixed assets | 22/27 | €12,430 | €10,436 | -€1,994 | -16.0% |
| Plant, machinery and equipment | 23 | €9,882 | €7,756 | -€2,126 | -21.5% |
| Furniture and vehicles | 24 | €2,548 | €2,680 | +€132 | +5.2% |
| Current assets | 29/58 | €320,227 | €473,536 | +€153,309 | +47.9% |
| Amounts receivable within one year | 40/41 | €31,800 | €24,830 | -€6,970 | -21.9% |
| Trade receivables | 40 | €31,800 | €24,830 | -€6,970 | -21.9% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,616 | €241,050 | +€154,434 | +178% |
| Deferred charges and accrued income | 490/1 | €1,810 | €7,656 | +€5,845 | +323% |
| Total equity and liabilities | 10/49 | €332,657 | €483,973 | +€151,315 | +45.5% |
| Equity | 10/15 | €281,569 | €398,269 | +€116,700 | +41.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €276,569 | €393,269 | +€116,700 | +42.2% |
| Distributable reserves | 133 | €276,569 | €393,269 | +€116,700 | +42.2% |
| Amounts payable | 17/49 | €51,089 | €85,704 | +€34,615 | +67.8% |
| Amounts payable within one year | 42/48 | €50,739 | €83,604 | +€32,865 | +64.8% |
| Taxes, remuneration and social security | 45 | €39,934 | €69,551 | +€29,617 | +74.2% |
| Taxes | 450/3 | €36,937 | €63,810 | +€26,874 | +72.8% |
| Remuneration and social security | 454/9 | €2,997 | €5,741 | +€2,743 | +91.5% |
| Other amounts payable | 47/48 | €10,805 | €14,053 | +€3,248 | +30.1% |
| Accrued charges and deferred income | 492/3 | €350 | €2,100 | +€1,750 | +500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,565 | €3,528 | +€963 | +37.5% |
| Gross operating margin | 9900 | €214,415 | €163,240 | -€51,176 | -23.9% |
| Operating profit (loss) | 9901 | €211,850 | €159,712 | -€52,138 | -24.6% |
| Financial income | 75/76B | €1,874 | €5,613 | +€3,739 | +199% |
| Recurring financial income | 75 | €1,874 | €5,613 | +€3,739 | +199% |
| Financial charges | 65/66B | €18 | €119 | +€101 | +554% |
| Recurring financial charges | 65 | €18 | €119 | +€101 | +554% |
| Profit (loss) for the period before taxes | 9903 | €213,706 | €165,206 | -€48,500 | -22.7% |
| Income taxes | 67/77 | €64,026 | €48,506 | -€15,520 | -24.2% |
| Profit (loss) for the period | 9904 | €149,680 | €116,700 | -€32,980 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,680 | €116,700 | -€32,980 | -22.0% |
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 13 October 2026 via checked.be.