TWIKIT: 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.
TWIKIT
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-88.8%), from €1.3m to €142,066
of which Other amounts receivable: -€757,576
- Financial fixed assets -€1.0m
down €1.0m (-96.1%), from €1.1m to €41,345
- Cash +€543,579
up €543,579 (+1,106%), from €49,136 to €592,716
mainly Receivables within one year (+€1.1m) and Investment in fixed assets (net) (+€1.0m)
- Intangible fixed assets -€408,853
down €408,853 (-41.3%), from €990,954 to €582,101
- Profit (loss) carried forward -€1.5m
down €1.5m (-13.2%), from -€11.3m to -€12.8m
- Accrued charges and deferred income -€239,761
down €239,761 (-31.7%), from €755,839 to €516,078
- Current portion of long-term debt -€199,766
down €199,766 (-79.5%), from €251,383 to €51,617
- Tax, wage and social debts -€57,927
down €57,927 (-38.3%), from €151,340 to €93,413
of which Remuneration and social security: -€39,352
- Gross operating margin +€571,235
up €571,235 (+108%), from €531,083 to €1.1m
- Financial charges +€161,469
up €161,469 (+45.2%), from €357,357 to €518,826
- Staff costs -€48,862
down €48,862 (-4.9%), from €997,095 to €948,233
- Financial income -€27,623
down €27,623 (-95.2%), from €29,027 to €1,404
- Depreciation -€17,657
down €17,657 (-4.0%), from €438,568 to €420,911
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 | €3,489,477 | €1,477,289 | -€2.0m | -57.7% |
| Fixed assets | 21/28 | €2,154,503 | €714,991 | -€1.4m | -66.8% |
| Intangible fixed assets | 21 | €990,954 | €582,101 | -€408,853 | -41.3% |
| Tangible fixed assets | 22/27 | €89,928 | €91,545 | +€1,618 | +1.8% |
| Plant, machinery and equipment | 23 | €816 | €2,475 | +€1,659 | +203% |
| Furniture and vehicles | 24 | €26,976 | €33,297 | +€6,321 | +23.4% |
| Other tangible fixed assets | 26 | €62,136 | €55,773 | -€6,363 | -10.2% |
| Financial fixed assets | 28 | €1,073,621 | €41,345 | -€1.0m | -96.1% |
| Current assets | 29/58 | €1,334,975 | €762,298 | -€572,677 | -42.9% |
| Amounts receivable after more than one year | 29 | - | €25,793 | +€25,793 | |
| Other amounts receivable | 291 | - | €25,793 | +€25,793 | |
| Amounts receivable within one year | 40/41 | €1,273,999 | €142,066 | -€1.1m | -88.8% |
| Trade receivables | 40 | €479,595 | €105,237 | -€374,358 | -78.1% |
| Other amounts receivable | 41 | €794,404 | €36,829 | -€757,576 | -95.4% |
| Cash at bank and in hand | 54/58 | €49,136 | €592,716 | +€543,579 | +1,106% |
| Deferred charges and accrued income | 490/1 | €11,839 | €1,724 | -€10,115 | -85.4% |
| Total equity and liabilities | 10/49 | €3,489,477 | €1,477,289 | -€2.0m | -57.7% |
| Equity | 10/15 | €2,207,242 | €708,840 | -€1.5m | -67.9% |
| Contributions | 10/11 | €13,534,787 | €13,534,787 | = | 0.0% |
| Capital | 10 | €6,314,693 | €6,314,693 | = | 0.0% |
| Issued capital | 100 | €6,314,693 | €6,314,693 | = | 0.0% |
| Contributions outside capital | 11 | €7,220,095 | €7,220,095 | = | 0.0% |
| Share premium | 1100/10 | €7,220,095 | €7,220,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,327,546 | -€12,825,947 | -€1.5m | -13.2% |
| Amounts payable | 17/49 | €1,282,236 | €768,449 | -€513,787 | -40.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €526,397 | €252,371 | -€274,026 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €251,383 | €51,617 | -€199,766 | -79.5% |
| Trade debts | 44 | €123,675 | €107,341 | -€16,334 | -13.2% |
| Suppliers | 440/4 | €123,675 | €107,341 | -€16,334 | -13.2% |
| Taxes, remuneration and social security | 45 | €151,340 | €93,413 | -€57,927 | -38.3% |
| Taxes | 450/3 | €19,664 | €1,089 | -€18,575 | -94.5% |
| Remuneration and social security | 454/9 | €131,676 | €92,325 | -€39,352 | -29.9% |
| Accrued charges and deferred income | 492/3 | €755,839 | €516,078 | -€239,761 | -31.7% |
| Remuneration, social security and pensions | 62 | €997,095 | €948,233 | -€48,862 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438,568 | €420,911 | -€17,657 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,088 | €30,102 | +€14,014 | +87.1% |
| Non-recurring operating charges | 66A | - | €707,682 | +€707,682 | |
| Gross operating margin | 9900 | €531,083 | €1,102,318 | +€571,235 | +108% |
| Operating profit (loss) | 9901 | -€920,667 | -€1,004,609 | -€83,941 | -9.1% |
| Financial income | 75/76B | €29,027 | €1,404 | -€27,623 | -95.2% |
| Recurring financial income | 75 | €29,027 | €1,404 | -€27,623 | -95.2% |
| Financial charges | 65/66B | €357,357 | €518,826 | +€161,469 | +45.2% |
| Recurring financial charges | 65 | €357,357 | €518,826 | +€161,469 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,248,997 | -€1,522,030 | -€273,033 | -21.9% |
| Income taxes | 67/77 | -€10,707 | -€23,628 | -€12,922 | -121% |
| Profit (loss) for the period | 9904 | -€1,238,290 | -€1,498,401 | -€260,112 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,238,290 | -€1,498,401 | -€260,112 | -21.0% |
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 13 October 2026 via checked.be.