TWIN BUILDING: 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.
TWIN BUILDING
Largest movements
- Tangible fixed assets -€141,663
down €141,663 (-5.5%), from €2.6m to €2.4m
of which Land and buildings: -€139,485
- Receivables within one year -€97,040
down €97,040 (-10.8%), from €897,088 to €800,048
of which Other amounts receivable: -€68,113
- Cash +€68,032
up €68,032 (+1,008%), from €6,747 to €74,779
mainly Current portion of long-term debt (+€219,214) and Depreciation (+€141,663)
- Other debts -€439,020
down €439,020 (-83.7%), from €524,484 to €85,464
- Current portion of long-term debt +€219,214
new in 2025: €219,214
- Debts after one year -€144,214
down €144,214 (-7.5%), from €1.9m to €1.8m
- Trade debts +€135,078
up €135,078 (+44.4%), from €304,109 to €439,187
- Profit (loss) carried forward +€105,147
up €105,147 (+20.2%), from €521,508 to €626,655
- Gross operating margin -€231,653
down €231,653 (-41.6%), from €556,513 to €324,860
- Taxes -€87,756
down €87,756 (-81.9%), from €107,120 to €19,364
- Depreciation +€46,643
up €46,643 (+49.1%), from €95,020 to €141,663
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 | €3,506,106 | €3,326,602 | -€179,504 | -5.1% |
| Fixed assets | 21/28 | €2,565,769 | €2,424,107 | -€141,663 | -5.5% |
| Tangible fixed assets | 22/27 | €2,565,694 | €2,424,032 | -€141,663 | -5.5% |
| Land and buildings | 22 | €2,545,798 | €2,406,313 | -€139,485 | -5.5% |
| Plant, machinery and equipment | 23 | €19,897 | €17,719 | -€2,178 | -10.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €940,336 | €902,495 | -€37,842 | -4.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €22,967 | -€7,033 | -23.4% |
| Other amounts receivable | 291 | €30,000 | €22,967 | -€7,033 | -23.4% |
| Amounts receivable within one year | 40/41 | €897,088 | €800,048 | -€97,040 | -10.8% |
| Trade receivables | 40 | €62,001 | €33,074 | -€28,927 | -46.7% |
| Other amounts receivable | 41 | €835,087 | €766,973 | -€68,113 | -8.2% |
| Cash at bank and in hand | 54/58 | €6,747 | €74,779 | +€68,032 | +1,008% |
| Deferred charges and accrued income | 490/1 | €6,502 | €4,701 | -€1,800 | -27.7% |
| Total equity and liabilities | 10/49 | €3,506,106 | €3,326,602 | -€179,504 | -5.1% |
| Equity | 10/15 | €621,841 | €726,988 | +€105,147 | +16.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €333 | €333 | = | 0.0% |
| Distributable reserves | 133 | €333 | €333 | = | 0.0% |
| Profit (loss) carried forward | 14 | €521,508 | €626,655 | +€105,147 | +20.2% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,879,265 | €2,594,613 | -€284,651 | -9.9% |
| Amounts payable after more than one year | 17 | €1,925,000 | €1,780,786 | -€144,214 | -7.5% |
| Financial debts | 170/4 | €1,925,000 | €1,780,786 | -€144,214 | -7.5% |
| Amounts payable within one year | 42/48 | €885,593 | €743,896 | -€141,697 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €219,214 | +€219,214 | |
| Trade debts | 44 | €304,109 | €439,187 | +€135,078 | +44.4% |
| Suppliers | 440/4 | €304,109 | €439,187 | +€135,078 | +44.4% |
| Taxes, remuneration and social security | 45 | €57,000 | €31 | -€56,969 | -99.9% |
| Taxes | 450/3 | €57,000 | €31 | -€56,969 | -99.9% |
| Other amounts payable | 47/48 | €524,484 | €85,464 | -€439,020 | -83.7% |
| Accrued charges and deferred income | 492/3 | €68,672 | €69,931 | +€1,260 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,020 | €141,663 | +€46,643 | +49.1% |
| Other operating charges | 640/8 | €52,978 | €54,615 | +€1,636 | +3.1% |
| Gross operating margin | 9900 | €556,513 | €324,860 | -€231,653 | -41.6% |
| Operating profit (loss) | 9901 | €408,514 | €128,582 | -€279,932 | -68.5% |
| Financial charges | 65/66B | €2,076 | €4,071 | +€1,995 | +96.1% |
| Recurring financial charges | 65 | €2,076 | €4,071 | +€1,995 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €406,438 | €124,511 | -€281,927 | -69.4% |
| Income taxes | 67/77 | €107,120 | €19,364 | -€87,756 | -81.9% |
| Profit (loss) for the period | 9904 | €299,319 | €105,147 | -€194,172 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €299,319 | €105,147 | -€194,172 | -64.9% |
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 18 October 2026 via checked.be.