TwentyTwo: 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.
TwentyTwo
Largest movements
- Tangible fixed assets +€14,834
up €14,834 (+100.0%), from €14,841 to €29,675
of which Other tangible fixed assets: +€16,063
- Cash -€12,201
down €12,201 (-99.7%), from €12,233 to €32
mainly Investment in fixed assets (net) (-€18,093) and Tax, wage and social debts (-€7,040)
- Receivables within one year -€862
down €862 (-5.9%), from €14,603 to €13,741
of which Trade receivables: -€862
- Reserves +€12,157
up €12,157 (+67.6%), from €17,990 to €30,147
- Tax, wage and social debts -€7,040
down €7,040 (-43.7%), from €16,102 to €9,063
- Other debts -€2,754
down €2,754 (-89.1%), from €3,092 to €338
- Trade debts -€1,074
down €1,074 (-41.7%), from €2,575 to €1,500
- Gross operating margin +€20,349
up €20,349 (+683.9%), from €2,975 to €23,324
- Taxes +€3,125
up €3,125 (+172.7%), from €1,809 to €4,933
- Other operating charges +€697
up €697 (+131.4%), from €531 to €1,228
- Depreciation +€526
up €526 (+19.2%), from €2,733 to €3,259
- Financial charges -€464
down €464 (-21.0%), from €2,211 to €1,747
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 | €41,759 | €43,447 | +€1,689 | +4.0% |
| Fixed assets | 21/28 | €14,841 | €29,675 | +€14,834 | +100.0% |
| Tangible fixed assets | 22/27 | €14,841 | €29,675 | +€14,834 | +100.0% |
| Plant, machinery and equipment | 23 | €1,998 | €769 | -€1,229 | -61.5% |
| Other tangible fixed assets | 26 | €12,843 | €28,906 | +€16,063 | +125.1% |
| Current assets | 29/58 | €26,918 | €13,773 | -€13,145 | -48.8% |
| Amounts receivable within one year | 40/41 | €14,603 | €13,741 | -€862 | -5.9% |
| Trade receivables | 40 | €14,603 | €13,741 | -€862 | -5.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,233 | €32 | -€12,201 | -99.7% |
| Deferred charges and accrued income | 490/1 | €82 | €0 | -€82 | -100.0% |
| Total equity and liabilities | 10/49 | €41,759 | €43,447 | +€1,689 | +4.0% |
| Equity | 10/15 | €19,990 | €32,147 | +€12,157 | +60.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,990 | €30,147 | +€12,157 | +67.6% |
| Distributable reserves | 133 | €17,990 | €30,147 | +€12,157 | +67.6% |
| Amounts payable | 17/49 | €21,769 | €11,300 | -€10,468 | -48.1% |
| Amounts payable within one year | 42/48 | €21,769 | €10,901 | -€10,868 | -49.9% |
| Trade debts | 44 | €2,575 | €1,500 | -€1,074 | -41.7% |
| Suppliers | 440/4 | €2,575 | €1,500 | -€1,074 | -41.7% |
| Taxes, remuneration and social security | 45 | €16,102 | €9,063 | -€7,040 | -43.7% |
| Taxes | 450/3 | €16,102 | €9,063 | -€7,040 | -43.7% |
| Other amounts payable | 47/48 | €3,092 | €338 | -€2,754 | -89.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,733 | €3,259 | +€526 | +19.2% |
| Other operating charges | 640/8 | €531 | €1,228 | +€697 | +131.4% |
| Gross operating margin | 9900 | €2,975 | €23,324 | +€20,349 | +683.9% |
| Operating profit (loss) | 9901 | -€289 | €18,837 | +€19,126 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,211 | €1,747 | -€464 | -21.0% |
| Recurring financial charges | 65 | €2,211 | €1,747 | -€464 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,500 | €17,091 | +€19,590 | |
| Income taxes | 67/77 | €1,809 | €4,933 | +€3,125 | +172.7% |
| Profit (loss) for the period | 9904 | -€4,309 | €12,157 | +€16,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,309 | €12,157 | +€16,466 |
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 8 October 2026 via checked.be.