Twiggy's: 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.
Twiggy's
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€187,643
down €187,643 (-56.9%), from €329,774 to €142,131
mainly Current investments (-€200,000) and Net result for the year (-€110,481)
- Receivables within one year +€44,572
up €44,572 (+2,194%), from €2,031 to €46,604
of which Trade receivables: +€42,235
- Tangible fixed assets -€27,870
down €27,870 (-2.3%), from €1.2m to €1.2m
of which Land and buildings: -€51,480
- Advances received +€108,930
new in 2025: €108,930
- Reserves -€84,277
down €84,277 (-13.1%), from €642,442 to €558,165
- Tax, wage and social debts +€28,173
up €28,173 (+1,317%), from €2,139 to €30,312
- Profit (loss) carried forward -€26,204
down €26,204 (-100%), from €26,204 to €0
- Gross operating margin -€210,364
down €210,364, from €186,845 to -€23,519
- Taxes -€33,450
down €33,450 (-99.1%), from €33,752 to €302
- Depreciation +€13,268
up €13,268 (+20.2%), from €65,538 to €78,806
- Other operating charges +€5,940
up €5,940 (+376%), from €1,579 to €7,519
- Financial charges +€2,247
up €2,247 (+1,150%), from €195 to €2,442
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 | €1,537,609 | €1,574,578 | +€36,968 | +2.4% |
| Fixed assets | 21/28 | €1,205,804 | €1,178,084 | -€27,720 | -2.3% |
| Tangible fixed assets | 22/27 | €1,205,804 | €1,177,934 | -€27,870 | -2.3% |
| Land and buildings | 22 | €1,198,939 | €1,147,459 | -€51,480 | -4.3% |
| Plant, machinery and equipment | 23 | €1,717 | €3,992 | +€2,275 | +133% |
| Furniture and vehicles | 24 | €5,148 | €26,483 | +€21,335 | +414% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €331,805 | €396,494 | +€64,688 | +19.5% |
| Amounts receivable within one year | 40/41 | €2,031 | €46,604 | +€44,572 | +2,194% |
| Trade receivables | 40 | €1,627 | €43,862 | +€42,235 | +2,596% |
| Other amounts receivable | 41 | €404 | €2,742 | +€2,337 | +578% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €329,774 | €142,131 | -€187,643 | -56.9% |
| Deferred charges and accrued income | 490/1 | €0 | €7,759 | +€7,759 | |
| Total equity and liabilities | 10/49 | €1,537,609 | €1,574,578 | +€36,968 | +2.4% |
| Equity | 10/15 | €1,471,146 | €1,360,665 | -€110,481 | -7.5% |
| Contributions | 10/11 | €802,500 | €802,500 | = | 0.0% |
| Reserves | 13 | €642,442 | €558,165 | -€84,277 | -13.1% |
| Distributable reserves | 133 | €642,442 | €558,165 | -€84,277 | -13.1% |
| Profit (loss) carried forward | 14 | €26,204 | €0 | -€26,204 | -100% |
| Amounts payable | 17/49 | €66,464 | €213,913 | +€147,449 | +222% |
| Amounts payable within one year | 42/48 | €66,464 | €211,063 | +€144,599 | +218% |
| Trade debts | 44 | €48,504 | €44,134 | -€4,371 | -9.0% |
| Suppliers | 440/4 | €48,504 | €44,134 | -€4,371 | -9.0% |
| Advances received on contracts in progress | 46 | - | €108,930 | +€108,930 | |
| Taxes, remuneration and social security | 45 | €2,139 | €30,312 | +€28,173 | +1,317% |
| Taxes | 450/3 | €2,139 | €30,312 | +€28,173 | +1,317% |
| Other amounts payable | 47/48 | €15,821 | €27,687 | +€11,866 | +75.0% |
| Accrued charges and deferred income | 492/3 | - | €2,850 | +€2,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,538 | €78,806 | +€13,268 | +20.2% |
| Other operating charges | 640/8 | €1,579 | €7,519 | +€5,940 | +376% |
| Gross operating margin | 9900 | €186,845 | -€23,519 | -€210,364 | |
| Operating profit (loss) | 9901 | €119,728 | -€109,844 | -€229,572 | |
| Financial income | 75/76B | €25 | €2,108 | +€2,083 | +8,215% |
| Recurring financial income | 75 | €25 | €2,108 | +€2,083 | +8,215% |
| Financial charges | 65/66B | €195 | €2,442 | +€2,247 | +1,150% |
| Recurring financial charges | 65 | €195 | €2,442 | +€2,247 | +1,150% |
| Profit (loss) for the period before taxes | 9903 | €119,558 | -€110,178 | -€229,736 | |
| Income taxes | 67/77 | €33,752 | €302 | -€33,450 | -99.1% |
| Profit (loss) for the period | 9904 | €85,806 | -€110,481 | -€196,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,806 | -€110,481 | -€196,287 |
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 31 October 2026 via checked.be.