TWICEPOWER: 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.
TWICEPOWER
Largest movements
- Cash +€47,671
up €47,671 (+82.7%), from €57,639 to €105,310
mainly Net result for the year (+€126,440) and Other debts (+€118,630)
- Receivables within one year +€14,709
up €14,709 (+69.6%), from €21,131 to €35,840
of which Other amounts receivable: +€8,908
- Other debts +€118,630
up €118,630 (+45.9%), from €258,672 to €377,302
- Debts after one year -€47,167
down €47,167 (-9.4%), from €504,013 to €456,847
- Gross operating margin -€36,752
down €36,752 (-13.6%), from €270,552 to €233,800
- Taxes -€21,059
down €21,059 (-36.8%), from €57,151 to €36,092
- Financial charges +€3,108
up €3,108 (+13.2%), from €23,534 to €26,642
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 | €1,126,308 | €1,193,146 | +€66,837 | +5.9% |
| Fixed assets | 21/28 | €779,257 | €788,051 | +€8,794 | +1.1% |
| Tangible fixed assets | 22/27 | €779,257 | €788,051 | +€8,794 | +1.1% |
| Land and buildings | 22 | €760,248 | €775,222 | +€14,974 | +2.0% |
| Plant, machinery and equipment | 23 | €523 | €312 | -€212 | -40.5% |
| Furniture and vehicles | 24 | €18,485 | €12,517 | -€5,968 | -32.3% |
| Current assets | 29/58 | €347,051 | €405,095 | +€58,043 | +16.7% |
| Amounts receivable within one year | 40/41 | €21,131 | €35,840 | +€14,709 | +69.6% |
| Trade receivables | 40 | €21,131 | €26,932 | +€5,801 | +27.5% |
| Other amounts receivable | 41 | - | €8,908 | +€8,908 | |
| Current investments | 50/53 | €263,945 | €263,945 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,639 | €105,310 | +€47,671 | +82.7% |
| Deferred charges and accrued income | 490/1 | €4,336 | - | -€4,336 | |
| Total equity and liabilities | 10/49 | €1,126,308 | €1,193,146 | +€66,837 | +5.9% |
| Equity | 10/15 | €261,490 | €261,490 | = | 0.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €221,490 | €221,490 | = | 0.0% |
| Distributable reserves | 133 | €221,490 | €221,490 | = | 0.0% |
| Amounts payable | 17/49 | €864,819 | €931,656 | +€66,837 | +7.7% |
| Amounts payable after more than one year | 17 | €504,013 | €456,847 | -€47,167 | -9.4% |
| Financial debts | 170/4 | €504,013 | €456,847 | -€47,167 | -9.4% |
| Amounts payable within one year | 42/48 | €341,240 | €447,516 | +€106,276 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €47,167 | €47,167 | = | 0.0% |
| Trade debts | 44 | €14,047 | €2,922 | -€11,125 | -79.2% |
| Suppliers | 440/4 | €14,047 | €2,922 | -€11,125 | -79.2% |
| Advances received on contracts in progress | 46 | €1,872 | - | -€1,872 | |
| Taxes, remuneration and social security | 45 | €19,483 | €20,125 | +€642 | +3.3% |
| Taxes | 450/3 | €19,483 | €20,125 | +€642 | +3.3% |
| Other amounts payable | 47/48 | €258,672 | €377,302 | +€118,630 | +45.9% |
| Accrued charges and deferred income | 492/3 | €19,565 | €27,294 | +€7,728 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,422 | €40,656 | -€767 | -1.9% |
| Other operating charges | 640/8 | €3,032 | €3,981 | +€949 | +31.3% |
| Gross operating margin | 9900 | €270,552 | €233,800 | -€36,752 | -13.6% |
| Operating profit (loss) | 9901 | €226,097 | €189,163 | -€36,934 | -16.3% |
| Financial income | 75/76B | €0 | €11 | +€11 | +110000.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +110000.0% |
| Financial charges | 65/66B | €23,534 | €26,642 | +€3,108 | +13.2% |
| Recurring financial charges | 65 | €23,534 | €26,642 | +€3,108 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €202,564 | €162,533 | -€40,031 | -19.8% |
| Income taxes | 67/77 | €57,151 | €36,092 | -€21,059 | -36.8% |
| Profit (loss) for the period | 9904 | €145,412 | €126,440 | -€18,972 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,412 | €126,440 | -€18,972 | -13.0% |
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 3 October 2026 via checked.be.