TWIN DESIGN: 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 DESIGN
Largest movements
- Receivables within one year +€2,446
up €2,446 (+58.9%), from €4,153 to €6,599
- Tangible fixed assets -€1,570
down €1,570 (-14.0%), from €11,241 to €9,672
of which Plant, machinery and equipment: -€1,117
- Cash +€1,344
up €1,344 (+17.7%), from €7,615 to €8,959
mainly Net result for the year (+€2,722) and Depreciation (+€1,570)
- Profit (loss) carried forward +€2,722
up €2,722 (+4.4%), from -€61,777 to -€59,055
- Trade debts -€1,344
down €1,344 (-65.7%), from €2,047 to €703
of which Suppliers: -€1,344
- Tax, wage and social debts +€1,196
up €1,196 (+68.2%), from €1,755 to €2,951
- Other debts -€353
down €353 (-1.6%), from €21,667 to €21,314
- Purchases and services +€6,846
up €6,846 (+6.8%), from €101,035 to €107,881
- Turnover +€2,841
up €2,841 (+2.8%), from €102,549 to €105,390
- Gross operating margin +€1,857
up €1,857 (+54.4%), from €3,412 to €5,269
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 | €23,009 | €25,230 | +€2,220 | +9.6% |
| Fixed assets | 21/28 | €11,241 | €9,672 | -€1,570 | -14.0% |
| Tangible fixed assets | 22/27 | €11,241 | €9,672 | -€1,570 | -14.0% |
| Land and buildings | 22 | €6,647 | €6,194 | -€453 | -6.8% |
| Plant, machinery and equipment | 23 | €4,594 | €3,478 | -€1,117 | -24.3% |
| Current assets | 29/58 | €11,768 | €15,558 | +€3,790 | +32.2% |
| Amounts receivable within one year | 40/41 | €4,153 | €6,599 | +€2,446 | +58.9% |
| Trade receivables | 40 | €4,153 | €6,599 | +€2,446 | +58.9% |
| Cash at bank and in hand | 54/58 | €7,615 | €8,959 | +€1,344 | +17.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €23,009 | €25,230 | +€2,220 | +9.6% |
| Equity | 10/15 | -€2,460 | €262 | +€2,722 | |
| Contributions | 10/11 | €56,400 | €56,400 | = | 0.0% |
| Reserves | 13 | €2,917 | €2,917 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,017 | €1,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,777 | -€59,055 | +€2,722 | +4.4% |
| Amounts payable | 17/49 | €25,469 | €24,968 | -€501 | -2.0% |
| Amounts payable within one year | 42/48 | €25,469 | €24,968 | -€501 | -2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,047 | €703 | -€1,344 | -65.7% |
| Suppliers | 440/4 | €2,047 | €703 | -€1,344 | -65.7% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,755 | €2,951 | +€1,196 | +68.2% |
| Taxes | 450/3 | €1,755 | €2,951 | +€1,196 | +68.2% |
| Other amounts payable | 47/48 | €21,667 | €21,314 | -€353 | -1.6% |
| Turnover | 70 | €102,549 | €105,390 | +€2,841 | +2.8% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €101,035 | €107,881 | +€6,846 | +6.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,734 | €1,570 | -€164 | -9.5% |
| Other operating charges | 640/8 | €190 | €625 | +€436 | +230% |
| Gross operating margin | 9900 | €3,412 | €5,269 | +€1,857 | +54.4% |
| Operating profit (loss) | 9901 | €1,488 | €3,074 | +€1,586 | +107% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8,400% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8,400% |
| Financial charges | 65/66B | €441 | €353 | -€88 | -19.9% |
| Recurring financial charges | 65 | €441 | €353 | -€88 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,048 | €2,722 | +€1,674 | +160% |
| Profit (loss) for the period | 9904 | €1,048 | €2,722 | +€1,674 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €1,048 | €2,722 | +€1,674 | +160% |
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 17 October 2026 via checked.be.