Twee Meisjes: 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 Meisjes
Largest movements
- Cash -€82,522
down €82,522 (-47.9%), from €172,205 to €89,683
mainly Investment in fixed assets (net) (-€119,099) and Contributions, distributions and other (-€114,549)
- Tangible fixed assets +€81,994
up €81,994 (+17.7%), from €462,617 to €544,611
of which Plant, machinery and equipment: +€108,972
- Stocks and contracts +€14,165
up €14,165 (+43.9%), from €32,246 to €46,411
- Other debts +€110,659
up €110,659 (+120%), from €91,988 to €202,647
- Reserves -€55,762
down €55,762 (-99.3%), from €56,148 to €387
of which Distributable reserves: -€55,762
- Debts after one year -€30,333
down €30,333 (-7.7%), from €394,333 to €364,000
- Trade debts -€8,561
down €8,561 (-16.9%), from €50,741 to €42,180
- Gross operating margin +€67,363
up €67,363 (+29.6%), from €227,821 to €295,184
- Staff costs +€53,157
up €53,157 (+48.2%), from €110,332 to €163,489
- Depreciation +€10,127
up €10,127 (+36.5%), from €27,771 to €37,898
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 | €689,369 | €708,493 | +€19,123 | +2.8% |
| Fixed assets | 21/28 | €473,603 | €554,804 | +€81,201 | +17.1% |
| Intangible fixed assets | 21 | €1,386 | €593 | -€793 | -57.2% |
| Tangible fixed assets | 22/27 | €462,617 | €544,611 | +€81,994 | +17.7% |
| Plant, machinery and equipment | 23 | - | €108,972 | +€108,972 | |
| Furniture and vehicles | 24 | €25,154 | €17,737 | -€7,417 | -29.5% |
| Other tangible fixed assets | 26 | €437,462 | €417,902 | -€19,560 | -4.5% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €215,766 | €153,688 | -€62,078 | -28.8% |
| Stocks and contracts in progress | 3 | €32,246 | €46,411 | +€14,165 | +43.9% |
| Stocks | 30/36 | €32,246 | €46,411 | +€14,165 | +43.9% |
| Amounts receivable within one year | 40/41 | €5,781 | €11,849 | +€6,068 | +105% |
| Other amounts receivable | 41 | €5,781 | €11,849 | +€6,068 | +105% |
| Cash at bank and in hand | 54/58 | €172,205 | €89,683 | -€82,522 | -47.9% |
| Deferred charges and accrued income | 490/1 | €5,534 | €5,746 | +€212 | +3.8% |
| Total equity and liabilities | 10/49 | €689,369 | €708,493 | +€19,123 | +2.8% |
| Equity | 10/15 | €79,618 | €23,856 | -€55,762 | -70.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €56,148 | €387 | -€55,762 | -99.3% |
| Tax-exempt reserves | 132 | €387 | €387 | = | 0.0% |
| Distributable reserves | 133 | €55,762 | - | -€55,762 | |
| Profit (loss) carried forward | 14 | €4,919 | €4,919 | = | 0.0% |
| Amounts payable | 17/49 | €609,751 | €684,636 | +€74,885 | +12.3% |
| Amounts payable after more than one year | 17 | €394,333 | €364,000 | -€30,333 | -7.7% |
| Financial debts | 170/4 | €394,333 | €364,000 | -€30,333 | -7.7% |
| Amounts payable within one year | 42/48 | €215,418 | €320,636 | +€105,218 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €30,333 | €30,333 | = | 0.0% |
| Financial debts | 43 | €1,196 | €761 | -€435 | -36.3% |
| Credit institutions | 430/8 | €1,196 | €761 | -€435 | -36.3% |
| Trade debts | 44 | €50,741 | €42,180 | -€8,561 | -16.9% |
| Suppliers | 440/4 | €50,741 | €42,180 | -€8,561 | -16.9% |
| Taxes, remuneration and social security | 45 | €41,160 | €44,715 | +€3,555 | +8.6% |
| Taxes | 450/3 | €30,013 | €29,768 | -€245 | -0.8% |
| Remuneration and social security | 454/9 | €11,147 | €14,947 | +€3,800 | +34.1% |
| Other amounts payable | 47/48 | €91,988 | €202,647 | +€110,659 | +120% |
| Non-recurring operating income | 76A | €99 | - | -€99 | |
| Remuneration, social security and pensions | 62 | €110,332 | €163,489 | +€53,157 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,771 | €37,898 | +€10,127 | +36.5% |
| Other operating charges | 640/8 | €2,193 | €2,250 | +€57 | +2.6% |
| Gross operating margin | 9900 | €227,821 | €295,184 | +€67,363 | +29.6% |
| Operating profit (loss) | 9901 | €87,525 | €91,547 | +€4,022 | +4.6% |
| Financial income | 75/76B | €1,618 | €3,009 | +€1,391 | +85.9% |
| Recurring financial income | 75 | €1,618 | €3,009 | +€1,391 | +85.9% |
| Financial charges | 65/66B | €18,717 | €17,599 | -€1,118 | -6.0% |
| Recurring financial charges | 65 | €18,338 | €17,372 | -€966 | -5.3% |
| Non-recurring financial charges | 66B | €379 | €227 | -€152 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €70,426 | €76,957 | +€6,531 | +9.3% |
| Income taxes | 67/77 | €19,237 | €18,170 | -€1,068 | -5.6% |
| Profit (loss) for the period | 9904 | €51,189 | €58,787 | +€7,598 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,189 | €58,787 | +€7,598 | +14.8% |
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 31 October 2026 via checked.be.