TWICE INDUSTRIES: 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.
TWICE INDUSTRIES
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+1,187%), from €105,320 to €1.4m
- Receivables after one year -€450,000
no longer reported in 2025 (was €450,000)
- Deferred charges and accrued income -€53,123
down €53,123 (-10.7%), from €494,664 to €441,541
- Receivables within one year -€38,810
down €38,810 (-48.5%), from €80,081 to €41,271
of which Trade receivables: -€58,111
- Revaluation surpluses +€800,000
up €800,000 (+12,357%), from €6,474 to €806,474
- Debts after one year -€94,503
down €94,503 (-19.3%), from €488,419 to €393,917
- Profit (loss) carried forward -€73,379
down €73,379 (-15.1%), from -€484,814 to -€558,193
- Other debts +€54,417
up €54,417 (+5.3%), from €1.0m to €1.1m
- Current portion of long-term debt +€28,644
up €28,644 (+28.1%), from €101,970 to €130,614
- Gross operating margin -€1.5m
down €1.5m (-97.3%), from €1.6m to €42,897
- Financial charges -€1.2m
down €1.2m (-95.4%), from €1.2m to €57,491
of which Non-recurring financial charges: -€1.1m
- Financial income -€494,360
down €494,360 (-99.9%), from €494,876 to €516
of which Non-recurring financial income: -€477,320
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 | €1,792,329 | €2,475,620 | +€683,292 | +38.1% |
| Fixed assets | 21/28 | €699,884 | €1,931,365 | +€1.2m | +176% |
| Tangible fixed assets | 22/27 | €594,564 | €576,045 | -€18,519 | -3.1% |
| Land and buildings | 22 | €47,101 | €45,269 | -€1,832 | -3.9% |
| Furniture and vehicles | 24 | €8,028 | €7,110 | -€919 | -11.4% |
| Leasing and similar rights | 25 | €506,185 | €496,010 | -€10,176 | -2.0% |
| Other tangible fixed assets | 26 | €33,250 | €27,657 | -€5,593 | -16.8% |
| Financial fixed assets | 28 | €105,320 | €1,355,320 | +€1.3m | +1,187% |
| Current assets | 29/58 | €1,092,444 | €544,255 | -€548,189 | -50.2% |
| Amounts receivable after more than one year | 29 | €450,000 | - | -€450,000 | |
| Other amounts receivable | 291 | €450,000 | - | -€450,000 | |
| Amounts receivable within one year | 40/41 | €80,081 | €41,271 | -€38,810 | -48.5% |
| Trade receivables | 40 | €74,713 | €16,602 | -€58,111 | -77.8% |
| Other amounts receivable | 41 | €5,368 | €24,669 | +€19,301 | +360% |
| Cash at bank and in hand | 54/58 | €67,699 | €61,443 | -€6,256 | -9.2% |
| Deferred charges and accrued income | 490/1 | €494,664 | €441,541 | -€53,123 | -10.7% |
| Total equity and liabilities | 10/49 | €1,792,329 | €2,475,620 | +€683,292 | +38.1% |
| Equity | 10/15 | -€413,340 | €313,281 | +€726,621 | |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,474 | €806,474 | +€800,000 | +12,357% |
| Profit (loss) carried forward | 14 | -€484,814 | -€558,193 | -€73,379 | -15.1% |
| Amounts payable | 17/49 | €2,205,669 | €2,162,339 | -€43,329 | -2.0% |
| Amounts payable after more than one year | 17 | €488,419 | €393,917 | -€94,503 | -19.3% |
| Financial debts | 170/4 | €488,419 | €393,917 | -€94,503 | -19.3% |
| Amounts payable within one year | 42/48 | €1,373,640 | €1,435,450 | +€61,811 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €101,970 | €130,614 | +€28,644 | +28.1% |
| Trade debts | 44 | €221,692 | €222,111 | +€419 | +0.2% |
| Suppliers | 440/4 | €221,692 | €222,111 | +€419 | +0.2% |
| Taxes, remuneration and social security | 45 | €22,085 | €416 | -€21,669 | -98.1% |
| Taxes | 450/3 | €22,085 | €416 | -€21,669 | -98.1% |
| Other amounts payable | 47/48 | €1,027,893 | €1,082,310 | +€54,417 | +5.3% |
| Accrued charges and deferred income | 492/3 | €343,609 | €332,972 | -€10,637 | -3.1% |
| Non-recurring operating income | 76A | €26,538 | €26,538 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,801 | €32,480 | +€8,679 | +36.5% |
| Other operating charges | 640/8 | €12,211 | €128 | -€12,083 | -99.0% |
| Non-recurring operating charges | 66A | €1,533,338 | €26,538 | -€1.5m | -98.3% |
| Gross operating margin | 9900 | €1,568,640 | €42,897 | -€1.5m | -97.3% |
| Operating profit (loss) | 9901 | -€710 | -€16,249 | -€15,539 | -2,187% |
| Financial income | 75/76B | €494,876 | €516 | -€494,360 | -99.9% |
| Recurring financial income | 75 | €17,556 | €516 | -€17,040 | -97.1% |
| Non-recurring financial income | 76B | €477,320 | - | -€477,320 | |
| Financial charges | 65/66B | €1,246,409 | €57,491 | -€1.2m | -95.4% |
| Recurring financial charges | 65 | €121,308 | €57,491 | -€63,817 | -52.6% |
| Non-recurring financial charges | 66B | €1,125,101 | - | -€1.1m | |
| Profit (loss) for the period before taxes | 9903 | -€752,243 | -€73,224 | +€679,019 | +90.3% |
| Income taxes | 67/77 | - | €155 | +€155 | |
| Profit (loss) for the period | 9904 | -€752,243 | -€73,379 | +€678,864 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€752,243 | -€73,379 | +€678,864 | +90.2% |
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 19 October 2026 via checked.be.