TWICE XP: 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 XP
Largest movements
- Tangible fixed assets +€306,548
new in 2025: €306,548
of which Leasing and similar rights: +€158,277
- Receivables within one year +€107,374
up €107,374 (+48.9%), from €219,559 to €326,934
of which Trade receivables: +€236,623
- Deferred charges and accrued income +€41,890
up €41,890 (+939%), from €4,459 to €46,350
- Profit (loss) carried forward -€591,687
down €591,687, from €54,169 to -€537,518
- Accrued charges and deferred income +€391,869
new in 2025: €391,869
- Trade debts +€375,675
up €375,675 (+259%), from €145,317 to €520,991
- Debts after one year +€92,789
new in 2025: €92,789
- Tax, wage and social debts +€81,286
up €81,286 (+427%), from €19,024 to €100,310
of which Remuneration and social security: +€84,912
- Staff costs +€493,147
new in 2025: €493,147
- Gross operating margin -€110,845
down €110,845, from €66,943 to -€43,902
- Write-downs +€36,653
new in 2025: €36,653
- Depreciation +€20,490
new in 2025: €20,490
- Taxes -€16,685
down €16,685 (-94.0%), from €17,750 to €1,064
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 | €248,510 | €706,484 | +€457,974 | +184% |
| Fixed assets | 21/28 | - | €306,548 | +€306,548 | |
| Tangible fixed assets | 22/27 | - | €306,548 | +€306,548 | |
| Plant, machinery and equipment | 23 | - | €102,287 | +€102,287 | |
| Furniture and vehicles | 24 | - | €45,983 | +€45,983 | |
| Leasing and similar rights | 25 | - | €158,277 | +€158,277 | |
| Current assets | 29/58 | €248,510 | €399,936 | +€151,426 | +60.9% |
| Amounts receivable within one year | 40/41 | €219,559 | €326,934 | +€107,374 | +48.9% |
| Trade receivables | 40 | - | €236,623 | +€236,623 | |
| Other amounts receivable | 41 | €219,559 | €90,311 | -€129,248 | -58.9% |
| Cash at bank and in hand | 54/58 | €24,491 | €26,653 | +€2,162 | +8.8% |
| Deferred charges and accrued income | 490/1 | €4,459 | €46,350 | +€41,890 | +939% |
| Total equity and liabilities | 10/49 | €248,510 | €706,484 | +€457,974 | +184% |
| Equity | 10/15 | €84,169 | -€517,518 | -€601,687 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €54,169 | -€537,518 | -€591,687 | |
| Amounts payable | 17/49 | €164,341 | €1,224,002 | +€1.1m | +645% |
| Amounts payable after more than one year | 17 | - | €92,789 | +€92,789 | |
| Financial debts | 170/4 | - | €92,789 | +€92,789 | |
| Amounts payable within one year | 42/48 | €164,341 | €739,344 | +€575,004 | +350% |
| Current portion of amounts payable after more than one year | 42 | - | €58,744 | +€58,744 | |
| Trade debts | 44 | €145,317 | €520,991 | +€375,675 | +259% |
| Suppliers | 440/4 | €145,317 | €520,991 | +€375,675 | +259% |
| Taxes, remuneration and social security | 45 | €19,024 | €100,310 | +€81,286 | +427% |
| Taxes | 450/3 | €19,024 | €15,397 | -€3,627 | -19.1% |
| Remuneration and social security | 454/9 | - | €84,912 | +€84,912 | |
| Other amounts payable | 47/48 | - | €59,299 | +€59,299 | |
| Accrued charges and deferred income | 492/3 | - | €391,869 | +€391,869 | |
| Remuneration, social security and pensions | 62 | - | €493,147 | +€493,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €20,490 | +€20,490 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,653 | +€36,653 | |
| Other operating charges | 640/8 | €534 | €1,048 | +€513 | +96.0% |
| Gross operating margin | 9900 | €66,943 | -€43,902 | -€110,845 | |
| Operating profit (loss) | 9901 | €66,408 | -€595,240 | -€661,648 | |
| Financial income | 75/76B | €4,205 | €3,396 | -€809 | -19.2% |
| Recurring financial income | 75 | €4,205 | €3,396 | -€809 | -19.2% |
| Financial charges | 65/66B | €5,478 | €8,779 | +€3,302 | +60.3% |
| Recurring financial charges | 65 | €5,478 | €8,779 | +€3,302 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €65,136 | -€600,623 | -€665,759 | |
| Income taxes | 67/77 | €17,750 | €1,064 | -€16,685 | -94.0% |
| Profit (loss) for the period | 9904 | €47,386 | -€601,687 | -€649,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,386 | -€601,687 | -€649,074 |
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 16 October 2026 via checked.be.