twenti2: 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.
twenti2
Largest movements
- Cash +€12,308
up €12,308 (+7.4%), from €167,121 to €179,429
mainly Net result for the year (+€21,195) and Depreciation (+€12,565)
- Receivables within one year +€5,579
up €5,579 (+379%), from €1,470 to €7,049
- Reserves +€7,176
up €7,176 (+4.7%), from €152,812 to €159,988
- Debts after one year +€6,028
up €6,028 (+21.9%), from €27,475 to €33,504
- Trade debts +€3,176
up €3,176 (+256%), from €1,238 to €4,414
- Tax, wage and social debts +€2,872
up €2,872 (+58.5%), from €4,909 to €7,781
- Taxes -€7,512
down €7,512 (-53.8%), from €13,951 to €6,440
- Depreciation -€5,590
down €5,590 (-30.8%), from €18,155 to €12,565
- Gross operating margin -€3,436
down €3,436 (-5.6%), from €61,582 to €58,146
- Financial charges +€752
up €752 (+39.1%), from €1,922 to €2,675
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 | €246,723 | €265,053 | +€18,330 | +7.4% |
| Fixed assets | 21/28 | €73,613 | €74,356 | +€743 | +1.0% |
| Tangible fixed assets | 22/27 | €73,613 | €74,356 | +€743 | +1.0% |
| Plant, machinery and equipment | 23 | €1,161 | €519 | -€642 | -55.3% |
| Furniture and vehicles | 24 | €72,334 | €73,758 | +€1,424 | +2.0% |
| Other tangible fixed assets | 26 | €118 | €79 | -€40 | -33.3% |
| Current assets | 29/58 | €173,110 | €190,697 | +€17,587 | +10.2% |
| Amounts receivable within one year | 40/41 | €1,470 | €7,049 | +€5,579 | +379% |
| Other amounts receivable | 41 | €1,470 | €7,049 | +€5,579 | +379% |
| Cash at bank and in hand | 54/58 | €167,121 | €179,429 | +€12,308 | +7.4% |
| Deferred charges and accrued income | 490/1 | €4,519 | €4,219 | -€300 | -6.6% |
| Total equity and liabilities | 10/49 | €246,723 | €265,053 | +€18,330 | +7.4% |
| Equity | 10/15 | €159,012 | €166,188 | +€7,176 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,812 | €159,988 | +€7,176 | +4.7% |
| Distributable reserves | 133 | €152,812 | €159,988 | +€7,176 | +4.7% |
| Amounts payable | 17/49 | €87,711 | €98,865 | +€11,154 | +12.7% |
| Amounts payable after more than one year | 17 | €27,475 | €33,504 | +€6,028 | +21.9% |
| Financial debts | 170/4 | €27,475 | €33,504 | +€6,028 | +21.9% |
| Amounts payable within one year | 42/48 | €60,037 | €65,265 | +€5,228 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €12,174 | €13,139 | +€965 | +7.9% |
| Trade debts | 44 | €1,238 | €4,414 | +€3,176 | +256% |
| Suppliers | 440/4 | €1,238 | €4,414 | +€3,176 | +256% |
| Taxes, remuneration and social security | 45 | €4,909 | €7,781 | +€2,872 | +58.5% |
| Taxes | 450/3 | €4,909 | €7,781 | +€2,872 | +58.5% |
| Other amounts payable | 47/48 | €41,715 | €39,931 | -€1,784 | -4.3% |
| Accrued charges and deferred income | 492/3 | €199 | €96 | -€102 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,155 | €12,565 | -€5,590 | -30.8% |
| Other operating charges | 640/8 | €705 | €752 | +€47 | +6.7% |
| Non-recurring operating charges | 66A | - | €15,995 | +€15,995 | |
| Gross operating margin | 9900 | €61,582 | €58,146 | -€3,436 | -5.6% |
| Operating profit (loss) | 9901 | €42,722 | €28,835 | -€13,888 | -32.5% |
| Financial income | 75/76B | €1,701 | €1,474 | -€226 | -13.3% |
| Recurring financial income | 75 | €1,701 | €1,474 | -€226 | -13.3% |
| Financial charges | 65/66B | €1,922 | €2,675 | +€752 | +39.1% |
| Recurring financial charges | 65 | €1,922 | €2,675 | +€752 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €42,500 | €27,634 | -€14,866 | -35.0% |
| Income taxes | 67/77 | €13,951 | €6,440 | -€7,512 | -53.8% |
| Profit (loss) for the period | 9904 | €28,549 | €21,195 | -€7,355 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,549 | €21,195 | -€7,355 | -25.8% |
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 13 October 2026 via checked.be.