TWENTY9: 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.
TWENTY9
Largest movements
- Cash -€18,303
down €18,303 (-89.7%), from €20,413 to €2,110
mainly Tax, wage and social debts (-€11,518) and Net result for the year (-€8,891)
- Tangible fixed assets -€9,209
down €9,209 (-45.2%), from €20,363 to €11,154
of which Plant, machinery and equipment: -€8,482
- Intangible fixed assets -€2,320
down €2,320 (-12.1%), from €19,100 to €16,780
- Deferred charges and accrued income +€1,731
up €1,731 (+1245.3%), from €139 to €1,870
- Receivables within one year +€1,220
up €1,220 (+10.9%), from €11,220 to €12,440
- Tax, wage and social debts -€11,518
down €11,518 (-66.8%), from €17,240 to €5,722
of which Taxes: -€11,517
- Profit (loss) carried forward -€8,892
down €8,892 (-21.0%), from €42,273 to €33,381
- Trade debts -€6,828
down €6,828 (-61.5%), from €11,104 to €4,276
- Gross operating margin -€20,807
down €20,807 (-78.7%), from €26,447 to €5,640
- Taxes -€2,713
no longer reported in 2025 (was €2,713)
- Financial charges -€424
down €424 (-60.0%), from €707 to €283
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 | €71,910 | €44,804 | -€27,106 | -37.7% |
| Formation expenses | 20 | €675 | €450 | -€225 | -33.3% |
| Fixed assets | 21/28 | €39,463 | €27,934 | -€11,529 | -29.2% |
| Intangible fixed assets | 21 | €19,100 | €16,780 | -€2,320 | -12.1% |
| Tangible fixed assets | 22/27 | €20,363 | €11,154 | -€9,209 | -45.2% |
| Plant, machinery and equipment | 23 | €11,126 | €2,644 | -€8,482 | -76.2% |
| Furniture and vehicles | 24 | €9,237 | €8,510 | -€727 | -7.9% |
| Current assets | 29/58 | €31,772 | €16,420 | -€15,352 | -48.3% |
| Amounts receivable within one year | 40/41 | €11,220 | €12,440 | +€1,220 | +10.9% |
| Trade receivables | 40 | €11,220 | €12,440 | +€1,220 | +10.9% |
| Cash at bank and in hand | 54/58 | €20,413 | €2,110 | -€18,303 | -89.7% |
| Deferred charges and accrued income | 490/1 | €139 | €1,870 | +€1,731 | +1245.3% |
| Total equity and liabilities | 10/49 | €71,910 | €44,804 | -€27,106 | -37.7% |
| Equity | 10/15 | €43,273 | €34,381 | -€8,892 | -20.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,273 | €33,381 | -€8,892 | -21.0% |
| Amounts payable | 17/49 | €28,637 | €10,423 | -€18,214 | -63.6% |
| Amounts payable within one year | 42/48 | €28,637 | €10,423 | -€18,214 | -63.6% |
| Trade debts | 44 | €11,104 | €4,276 | -€6,828 | -61.5% |
| Suppliers | 440/4 | €11,104 | €4,276 | -€6,828 | -61.5% |
| Taxes, remuneration and social security | 45 | €17,240 | €5,722 | -€11,518 | -66.8% |
| Taxes | 450/3 | €15,991 | €4,474 | -€11,517 | -72.0% |
| Remuneration and social security | 454/9 | €1,249 | €1,248 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €293 | €425 | +€132 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,061 | €14,169 | +€108 | +0.8% |
| Other operating charges | 640/8 | €63 | €106 | +€43 | +68.3% |
| Gross operating margin | 9900 | €26,447 | €5,640 | -€20,807 | -78.7% |
| Operating profit (loss) | 9901 | €12,323 | -€8,635 | -€20,958 | |
| Financial income | 75/76B | €101 | €27 | -€74 | -73.3% |
| Recurring financial income | 75 | €101 | €27 | -€74 | -73.3% |
| Financial charges | 65/66B | €707 | €283 | -€424 | -60.0% |
| Recurring financial charges | 65 | €707 | €283 | -€424 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €11,717 | -€8,891 | -€20,608 | |
| Income taxes | 67/77 | €2,713 | - | -€2,713 | |
| Profit (loss) for the period | 9904 | €9,004 | -€8,891 | -€17,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,004 | -€8,891 | -€17,895 |
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.