Twigo: 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.
Twigo
Largest movements
- Receivables within one year +€3,671
up €3,671 (+6.5%), from €56,583 to €60,254
of which Other amounts receivable: +€3,340
- Other debts +€12,696
new in 2025: €12,696
- Profit (loss) carried forward -€9,532
down €9,532 (-205.7%), from -€4,634 to -€14,165
- Trade debts +€1,466
up €1,466 (+52.0%), from €2,821 to €4,287
- Tax, wage and social debts -€1,294
down €1,294 (-61.1%), from €2,116 to €823
- Gross operating margin -€18,769
down €18,769, from €11,195 to -€7,574
- Taxes -€841
no longer reported in 2025 (was €841)
- Other operating charges +€363
up €363 (+48.8%), from €744 to €1,107
- Financial charges -€243
down €243 (-22.2%), from €1,095 to €851
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 | €65,383 | €68,720 | +€3,337 | +5.1% |
| Fixed assets | 21/28 | €6,511 | €6,511 | = | 0.0% |
| Financial fixed assets | 28 | €6,511 | €6,511 | = | 0.0% |
| Current assets | 29/58 | €58,872 | €62,209 | +€3,337 | +5.7% |
| Amounts receivable within one year | 40/41 | €56,583 | €60,254 | +€3,671 | +6.5% |
| Trade receivables | 40 | €49,426 | €49,756 | +€331 | +0.7% |
| Other amounts receivable | 41 | €7,158 | €10,498 | +€3,340 | +46.7% |
| Cash at bank and in hand | 54/58 | €2,289 | €1,955 | -€333 | -14.6% |
| Total equity and liabilities | 10/49 | €65,383 | €68,720 | +€3,337 | +5.1% |
| Equity | 10/15 | €60,446 | €50,914 | -€9,532 | -15.8% |
| Contributions | 10/11 | €14,767 | €14,767 | = | 0.0% |
| Reserves | 13 | €50,312 | €50,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €47,312 | €47,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,634 | -€14,165 | -€9,532 | -205.7% |
| Amounts payable | 17/49 | €4,937 | €17,806 | +€12,869 | +260.6% |
| Amounts payable within one year | 42/48 | €4,937 | €17,806 | +€12,869 | +260.6% |
| Trade debts | 44 | €2,821 | €4,287 | +€1,466 | +52.0% |
| Suppliers | 440/4 | €2,821 | €4,287 | +€1,466 | +52.0% |
| Taxes, remuneration and social security | 45 | €2,116 | €823 | -€1,294 | -61.1% |
| Taxes | 450/3 | €2,116 | €823 | -€1,294 | -61.1% |
| Other amounts payable | 47/48 | - | €12,696 | +€12,696 | |
| Other operating charges | 640/8 | €744 | €1,107 | +€363 | +48.8% |
| Gross operating margin | 9900 | €11,195 | -€7,574 | -€18,769 | |
| Operating profit (loss) | 9901 | €10,451 | -€8,680 | -€19,132 | |
| Financial charges | 65/66B | €1,095 | €851 | -€243 | -22.2% |
| Recurring financial charges | 65 | €1,095 | €851 | -€243 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €9,357 | -€9,532 | -€18,888 | |
| Income taxes | 67/77 | €841 | - | -€841 | |
| Profit (loss) for the period | 9904 | €8,516 | -€9,532 | -€18,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,516 | -€9,532 | -€18,047 |
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 7 October 2026 via checked.be.