TWILIGHT HOLDING: 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.
TWILIGHT HOLDING
Largest movements
- Financial fixed assets +€79,625
up €79,625 (+22.4%), from €355,000 to €434,625
- Profit (loss) carried forward +€208,353
up €208,353 (+14.5%), from -€1.4m to -€1.2m
- Debts after one year -€133,500
down €133,500 (-7.6%), from €1.8m to €1.6m
- Other debts -€14,000
down €14,000 (-67.8%), from €20,640 to €6,640
- Trade debts +€10,484
up €10,484 (+4,676%), from €224 to €10,708
- Tax, wage and social debts +€8,358
up €8,358 (+167%), from €5,000 to €13,358
- Gross operating margin +€194,388
up €194,388 (+1,059%), from €18,354 to €212,742
- Financial income +€79,702
new in 2025: €79,702
of which Non-recurring financial income: +€79,625
- Write-downs +€66,500
new in 2025: €66,500
- Taxes +€2,885
up €2,885 (+20.4%), from €14,130 to €17,014
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 | €355,010 | €434,629 | +€79,618 | +22.4% |
| Fixed assets | 21/28 | €355,000 | €434,625 | +€79,625 | +22.4% |
| Financial fixed assets | 28 | €355,000 | €434,625 | +€79,625 | +22.4% |
| Current assets | 29/58 | €10 | €4 | -€7 | -65.4% |
| Cash at bank and in hand | 54/58 | €10 | €4 | -€7 | -65.4% |
| Total equity and liabilities | 10/49 | €355,010 | €434,629 | +€79,618 | +22.4% |
| Equity | 10/15 | -€1,420,931 | -€1,212,578 | +€208,353 | +14.7% |
| Contributions | 10/11 | €19,900 | €19,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,440,831 | -€1,232,478 | +€208,353 | +14.5% |
| Amounts payable | 17/49 | €1,775,941 | €1,647,206 | -€128,735 | -7.2% |
| Amounts payable after more than one year | 17 | €1,750,000 | €1,616,500 | -€133,500 | -7.6% |
| Other amounts payable | 178/9 | €1,750,000 | €1,616,500 | -€133,500 | -7.6% |
| Amounts payable within one year | 42/48 | €25,941 | €30,706 | +€4,765 | +18.4% |
| Financial debts | 43 | €77 | - | -€77 | |
| Credit institutions | 430/8 | €77 | - | -€77 | |
| Trade debts | 44 | €224 | €10,708 | +€10,484 | +4,676% |
| Suppliers | 440/4 | €224 | €10,708 | +€10,484 | +4,676% |
| Taxes, remuneration and social security | 45 | €5,000 | €13,358 | +€8,358 | +167% |
| Taxes | 450/3 | €5,000 | €13,358 | +€8,358 | +167% |
| Other amounts payable | 47/48 | €20,640 | €6,640 | -€14,000 | -67.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €66,500 | +€66,500 | |
| Other operating charges | 640/8 | €510 | €519 | +€9 | +1.8% |
| Gross operating margin | 9900 | €18,354 | €212,742 | +€194,388 | +1,059% |
| Operating profit (loss) | 9901 | €17,844 | €145,723 | +€127,878 | +717% |
| Financial income | 75/76B | - | €79,702 | +€79,702 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Non-recurring financial income | 76B | - | €79,625 | +€79,625 | |
| Financial charges | 65/66B | €274 | €58 | -€216 | -79.0% |
| Recurring financial charges | 65 | €274 | €58 | -€216 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €17,571 | €225,367 | +€207,797 | +1,183% |
| Income taxes | 67/77 | €14,130 | €17,014 | +€2,885 | +20.4% |
| Profit (loss) for the period | 9904 | €3,441 | €208,353 | +€204,912 | +5,955% |
| Profit (loss) for the period to be appropriated | 9905 | €3,441 | €208,353 | +€204,912 | +5,955% |
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 27 October 2026 via checked.be.