TWIGAMI: 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.
TWIGAMI
Largest movements
- Cash +€141,264
up €141,264 (+53.2%), from €265,623 to €406,887
mainly Net result for the year (+€102,052) and Receivables within one year (+€35,185)
- Receivables within one year -€35,185
down €35,185 (-39.8%), from €88,391 to €53,206
of which Other amounts receivable: -€32,141
- Profit (loss) carried forward +€102,052
up €102,052 (+40.9%), from €249,267 to €351,319
- Financial charges +€94,033
up €94,033 (+12180.4%), from €772 to €94,805
- Gross operating margin +€21,485
up €21,485 (+10.5%), from €203,695 to €225,180
- Taxes -€17,489
down €17,489 (-37.2%), from €47,000 to €29,511
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 | €356,449 | €464,910 | +€108,461 | +30.4% |
| Fixed assets | 21/28 | €2,026 | €4,361 | +€2,335 | +115.3% |
| Tangible fixed assets | 22/27 | €2,026 | €4,361 | +€2,335 | +115.3% |
| Plant, machinery and equipment | 23 | - | €1,429 | +€1,429 | |
| Furniture and vehicles | 24 | €2,026 | €1,031 | -€995 | -49.1% |
| Other tangible fixed assets | 26 | - | €1,901 | +€1,901 | |
| Current assets | 29/58 | €354,423 | €460,549 | +€106,126 | +29.9% |
| Amounts receivable within one year | 40/41 | €88,391 | €53,206 | -€35,185 | -39.8% |
| Trade receivables | 40 | €56,250 | €53,206 | -€3,044 | -5.4% |
| Other amounts receivable | 41 | €32,141 | - | -€32,141 | |
| Cash at bank and in hand | 54/58 | €265,623 | €406,887 | +€141,264 | +53.2% |
| Deferred charges and accrued income | 490/1 | €409 | €456 | +€47 | +11.5% |
| Total equity and liabilities | 10/49 | €356,449 | €464,910 | +€108,461 | +30.4% |
| Equity | 10/15 | €267,867 | €369,919 | +€102,052 | +38.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,267 | €351,319 | +€102,052 | +40.9% |
| Amounts payable | 17/49 | €88,582 | €94,991 | +€6,409 | +7.2% |
| Amounts payable within one year | 42/48 | €88,582 | €94,991 | +€6,409 | +7.2% |
| Trade debts | 44 | €1,674 | €1,734 | +€60 | +3.6% |
| Suppliers | 440/4 | €1,674 | €1,734 | +€60 | +3.6% |
| Taxes, remuneration and social security | 45 | €86,908 | €90,795 | +€3,887 | +4.5% |
| Taxes | 450/3 | €86,908 | €90,795 | +€3,887 | +4.5% |
| Other amounts payable | 47/48 | - | €2,462 | +€2,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €703 | +€371 | +111.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €203,695 | €225,180 | +€21,485 | +10.5% |
| Operating profit (loss) | 9901 | €203,363 | €224,077 | +€20,714 | +10.2% |
| Financial income | 75/76B | €726 | €2,291 | +€1,565 | +215.6% |
| Recurring financial income | 75 | €726 | €2,291 | +€1,565 | +215.6% |
| Financial charges | 65/66B | €772 | €94,805 | +€94,033 | +12180.4% |
| Recurring financial charges | 65 | €772 | €94,805 | +€94,033 | +12180.4% |
| Profit (loss) for the period before taxes | 9903 | €203,317 | €131,563 | -€71,754 | -35.3% |
| Income taxes | 67/77 | €47,000 | €29,511 | -€17,489 | -37.2% |
| Profit (loss) for the period | 9904 | €156,317 | €102,052 | -€54,265 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156,317 | €102,052 | -€54,265 | -34.7% |
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 6 October 2026 via checked.be.