TWIN DEVELOPMENT: what changed
What changed
TWIN DEVELOPMENT
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€154,868
2024 · €134,116+€20,752
Equity
€916,399
2024 · €831,531+€84,868
Cash
€196,140
2024 · €202,087-€5,947
Balance sheet total
€1.1m
2024 · €985,405+€119,933
Largest movements
Assets
- Receivables within one year +€159,362
up €159,362 (+202%), from €79,021 to €238,383
of which Trade receivables: +€149,522
- Stocks and contracts -€20,559
down €20,559 (-11.5%), from €178,813 to €158,254
- Tangible fixed assets -€12,923
down €12,923 (-75.8%), from €17,051 to €4,128
of which Furniture and vehicles: -€10,500
Equity and liabilities
- Profit (loss) carried forward +€54,868
up €54,868 (+41.4%), from €132,595 to €187,463
- Reserves +€30,000
up €30,000 (+6.7%), from €447,331 to €477,331
of which Distributable reserves: +€30,000
- Trade debts +€18,845
up €18,845 (+128%), from €14,678 to €33,523
- Tax, wage and social debts +€16,220
up €16,220 (+11.7%), from €139,196 to €155,416
of which Taxes: +€22,578
Income statement
- Gross operating margin +€32,881
up €32,881 (+10.4%), from €315,933 to €348,814
- Taxes +€25,277
up €25,277 (+52.5%), from €48,132 to €73,409
- Financial income +€7,082
up €7,082 (+50.0%), from €14,166 to €21,248
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€134,116
Gross operating margin
+€32,881
Staff costs
+€795
Depreciation
+€372
Other operating charges
+€2,525
Financial income
+€7,082
Financial charges
+€2,374
Taxes
-€25,277
Result 2025
€154,868
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,053
Investment
€0
Financing
-€70,000
Cash 2024
€202,087
From operations (derived)
+€64,053
Net result for the year
+€154,868
Depreciation
+€12,923
Stocks and contracts
+€20,559
Receivables within one year
-€159,362
Trade debts
+€18,845
Tax, wage and social debts
+€16,220
Financing
-€70,000
Contributions, distributions and other
-€70,000
Cash 2025
€196,140
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €985,405 | €1,105,338 | +€119,933 | +12.2% |
| Fixed assets | 21/28 | €384,092 | €371,169 | -€12,923 | -3.4% |
| Tangible fixed assets | 22/27 | €17,051 | €4,128 | -€12,923 | -75.8% |
| Land and buildings | 22 | €4,576 | €3,168 | -€1,408 | -30.8% |
| Plant, machinery and equipment | 23 | €1,100 | €85 | -€1,015 | -92.3% |
| Furniture and vehicles | 24 | €11,375 | €875 | -€10,500 | -92.3% |
| Financial fixed assets | 28 | €367,041 | €367,041 | = | 0.0% |
| Current assets | 29/58 | €601,313 | €734,169 | +€132,856 | +22.1% |
| Stocks and contracts in progress | 3 | €178,813 | €158,254 | -€20,559 | -11.5% |
| Stocks | 30/36 | €178,813 | €158,254 | -€20,559 | -11.5% |
| Amounts receivable within one year | 40/41 | €79,021 | €238,383 | +€159,362 | +202% |
| Trade receivables | 40 | €62,681 | €212,203 | +€149,522 | +239% |
| Other amounts receivable | 41 | €16,340 | €26,180 | +€9,840 | +60.2% |
| Current investments | 50/53 | €141,392 | €141,392 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €202,087 | €196,140 | -€5,947 | -2.9% |
| Total equity and liabilities | 10/49 | €985,405 | €1,105,338 | +€119,933 | +12.2% |
| Equity | 10/15 | €831,531 | €916,399 | +€84,868 | +10.2% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €69,598 | €69,598 | = | 0.0% |
| Issued capital | 100 | €69,598 | €69,598 | = | 0.0% |
| Contributions outside capital | 11 | €42,402 | €42,402 | = | 0.0% |
| Share premium | 1100/10 | €42,402 | €42,402 | = | 0.0% |
| Revaluation surpluses | 12 | €139,605 | €139,605 | = | 0.0% |
| Reserves | 13 | €447,331 | €477,331 | +€30,000 | +6.7% |
| Non-distributable reserves | 130/1 | €317,331 | €317,331 | = | 0.0% |
| Legal reserve | 130 | €6,960 | €6,960 | = | 0.0% |
| Own shares acquired | 1312 | €141,392 | €141,392 | = | 0.0% |
| Other | 1319 | €168,979 | €168,979 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €160,000 | +€30,000 | +23.1% |
| Profit (loss) carried forward | 14 | €132,595 | €187,463 | +€54,868 | +41.4% |
| Amounts payable | 17/49 | €153,874 | €188,939 | +€35,065 | +22.8% |
| Amounts payable within one year | 42/48 | €153,874 | €188,939 | +€35,065 | +22.8% |
| Trade debts | 44 | €14,678 | €33,523 | +€18,845 | +128% |
| Suppliers | 440/4 | €14,678 | €33,523 | +€18,845 | +128% |
| Taxes, remuneration and social security | 45 | €139,196 | €155,416 | +€16,220 | +11.7% |
| Taxes | 450/3 | €125,415 | €147,993 | +€22,578 | +18.0% |
| Remuneration and social security | 454/9 | €13,781 | €7,423 | -€6,358 | -46.1% |
| Remuneration, social security and pensions | 62 | €125,648 | €124,853 | -€795 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,295 | €12,923 | -€372 | -2.8% |
| Other operating charges | 640/8 | €4,716 | €2,191 | -€2,525 | -53.5% |
| Gross operating margin | 9900 | €315,933 | €348,814 | +€32,881 | +10.4% |
| Operating profit (loss) | 9901 | €172,274 | €208,847 | +€36,573 | +21.2% |
| Financial income | 75/76B | €14,166 | €21,248 | +€7,082 | +50.0% |
| Recurring financial income | 75 | €14,166 | €21,248 | +€7,082 | +50.0% |
| Financial charges | 65/66B | €4,192 | €1,818 | -€2,374 | -56.6% |
| Recurring financial charges | 65 | €1,927 | €1,818 | -€109 | -5.7% |
| Non-recurring financial charges | 66B | €2,265 | - | -€2,265 | |
| Profit (loss) for the period before taxes | 9903 | €182,248 | €228,277 | +€46,029 | +25.3% |
| Income taxes | 67/77 | €48,132 | €73,409 | +€25,277 | +52.5% |
| Profit (loss) for the period | 9904 | €134,116 | €154,868 | +€20,752 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €134,116 | €154,868 | +€20,752 | +15.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.