TWICE: 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.
TWICE
Largest movements
- Tangible fixed assets -€23,267
down €23,267 (-10.9%), from €213,262 to €189,995
of which Furniture and vehicles: -€16,825
- Receivables within one year +€4,061
up €4,061 (+35.2%), from €11,545 to €15,606
of which Other amounts receivable: +€4,131
- Debts after one year -€19,061
down €19,061 (-8.2%), from €232,399 to €213,338
of which Financial debts: -€17,711
- Other debts -€5,031
down €5,031 (-72.2%), from €6,972 to €1,940
- Trade debts +€2,732
up €2,732 (+35.0%), from €7,804 to €10,537
- Other operating charges +€1,809
up €1,809 (+57.8%), from €3,130 to €4,939
- Depreciation -€1,101
down €1,101 (-3.8%), from €29,071 to €27,970
- Financial charges -€537
down €537 (-19.5%), from €2,755 to €2,218
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 | €247,745 | €227,803 | -€19,942 | -8.0% |
| Fixed assets | 21/28 | €213,458 | €189,995 | -€23,464 | -11.0% |
| Intangible fixed assets | 21 | €196 | - | -€196 | |
| Tangible fixed assets | 22/27 | €213,262 | €189,995 | -€23,267 | -10.9% |
| Land and buildings | 22 | €167,909 | €159,647 | -€8,263 | -4.9% |
| Plant, machinery and equipment | 23 | €4,241 | €6,062 | +€1,821 | +42.9% |
| Furniture and vehicles | 24 | €41,112 | €24,287 | -€16,825 | -40.9% |
| Current assets | 29/58 | €34,287 | €37,809 | +€3,522 | +10.3% |
| Stocks and contracts in progress | 3 | €4,005 | €2,858 | -€1,147 | -28.6% |
| Stocks | 30/36 | €4,005 | €2,858 | -€1,147 | -28.6% |
| Amounts receivable within one year | 40/41 | €11,545 | €15,606 | +€4,061 | +35.2% |
| Trade receivables | 40 | €11,545 | €11,475 | -€70 | -0.6% |
| Other amounts receivable | 41 | - | €4,131 | +€4,131 | |
| Cash at bank and in hand | 54/58 | €17,272 | €18,446 | +€1,174 | +6.8% |
| Deferred charges and accrued income | 490/1 | €1,465 | €898 | -€567 | -38.7% |
| Total equity and liabilities | 10/49 | €247,745 | €227,803 | -€19,942 | -8.0% |
| Equity | 10/15 | -€18,026 | -€19,500 | -€1,473 | -8.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,626 | -€32,100 | -€1,473 | -4.8% |
| Amounts payable | 17/49 | €265,772 | €247,303 | -€18,469 | -6.9% |
| Amounts payable after more than one year | 17 | €232,399 | €213,338 | -€19,061 | -8.2% |
| Financial debts | 170/4 | €226,949 | €209,238 | -€17,711 | -7.8% |
| Other amounts payable | 178/9 | €5,450 | €4,100 | -€1,350 | -24.8% |
| Amounts payable within one year | 42/48 | €32,320 | €33,298 | +€978 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €17,148 | €17,711 | +€563 | +3.3% |
| Trade debts | 44 | €7,804 | €10,537 | +€2,732 | +35.0% |
| Suppliers | 440/4 | €7,804 | €10,537 | +€2,732 | +35.0% |
| Advances received on contracts in progress | 46 | - | €1,750 | +€1,750 | |
| Taxes, remuneration and social security | 45 | €396 | €1,360 | +€964 | +243.6% |
| Taxes | 450/3 | €396 | €1,360 | +€964 | +243.6% |
| Other amounts payable | 47/48 | €6,972 | €1,940 | -€5,031 | -72.2% |
| Accrued charges and deferred income | 492/3 | €1,053 | €667 | -€386 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,071 | €27,970 | -€1,101 | -3.8% |
| Other operating charges | 640/8 | €3,130 | €4,939 | +€1,809 | +57.8% |
| Gross operating margin | 9900 | €33,862 | €33,654 | -€208 | -0.6% |
| Operating profit (loss) | 9901 | €1,661 | €745 | -€916 | -55.1% |
| Financial charges | 65/66B | €2,755 | €2,218 | -€537 | -19.5% |
| Recurring financial charges | 65 | €2,755 | €2,218 | -€537 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,094 | -€1,473 | -€379 | -34.6% |
| Profit (loss) for the period | 9904 | -€1,094 | -€1,473 | -€379 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,094 | -€1,473 | -€379 | -34.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.