Twin Estate: what changed
Twin Estate
Largest movements
- Receivables within one year +€42,008
up €42,008 (+188%), from €22,329 to €64,337
of which Trade receivables: +€43,047
- Tangible fixed assets -€5,322
down €5,322 (-46.5%), from €11,449 to €6,128
- Deferred charges and accrued income +€1,083
up €1,083 (+26.3%), from €4,110 to €5,193
- Reserves +€33,438
up €33,438 (+112%), from €29,888 to €63,326
- Tax, wage and social debts +€10,048
up €10,048 (+1,084%), from €927 to €10,975
- Other debts -€6,504
down €6,504 (-57.0%), from €11,411 to €4,907
- Trade debts +€1,330
up €1,330 (+72.3%), from €1,839 to €3,169
- Gross operating margin +€43,954
up €43,954 (+91.6%), from €47,985 to €91,939
- Taxes +€8,756
up €8,756 (+85.1%), from €10,289 to €19,045
- Other operating charges -€1,077
down €1,077 (-33.7%), from €3,194 to €2,117
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,065 | €87,635 | +€38,570 | +78.6% |
| Fixed assets | 21/28 | €11,449 | €6,128 | -€5,322 | -46.5% |
| Tangible fixed assets | 22/27 | €11,449 | €6,128 | -€5,322 | -46.5% |
| Furniture and vehicles | 24 | €11,449 | €6,128 | -€5,322 | -46.5% |
| Current assets | 29/58 | €37,616 | €81,507 | +€43,892 | +117% |
| Amounts receivable within one year | 40/41 | €22,329 | €64,337 | +€42,008 | +188% |
| Trade receivables | 40 | €21,290 | €64,337 | +€43,047 | +202% |
| Other amounts receivable | 41 | €1,039 | - | -€1,039 | |
| Cash at bank and in hand | 54/58 | €11,176 | €11,978 | +€801 | +7.2% |
| Deferred charges and accrued income | 490/1 | €4,110 | €5,193 | +€1,083 | +26.3% |
| Total equity and liabilities | 10/49 | €49,065 | €87,635 | +€38,570 | +78.6% |
| Equity | 10/15 | €34,888 | €68,326 | +€33,438 | +95.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,888 | €63,326 | +€33,438 | +112% |
| Distributable reserves | 133 | €29,888 | €63,326 | +€33,438 | +112% |
| Amounts payable | 17/49 | €14,177 | €19,309 | +€5,132 | +36.2% |
| Amounts payable within one year | 42/48 | €14,177 | €19,052 | +€4,874 | +34.4% |
| Trade debts | 44 | €1,839 | €3,169 | +€1,330 | +72.3% |
| Suppliers | 440/4 | €1,839 | €3,169 | +€1,330 | +72.3% |
| Taxes, remuneration and social security | 45 | €927 | €10,975 | +€10,048 | +1,084% |
| Taxes | 450/3 | €927 | €10,975 | +€10,048 | +1,084% |
| Other amounts payable | 47/48 | €11,411 | €4,907 | -€6,504 | -57.0% |
| Accrued charges and deferred income | 492/3 | - | €257 | +€257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,042 | €6,838 | -€204 | -2.9% |
| Other operating charges | 640/8 | €3,194 | €2,117 | -€1,077 | -33.7% |
| Gross operating margin | 9900 | €47,985 | €91,939 | +€43,954 | +91.6% |
| Operating profit (loss) | 9901 | €37,749 | €82,984 | +€45,235 | +120% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €899 | €508 | -€391 | -43.5% |
| Recurring financial charges | 65 | €899 | €508 | -€391 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €36,850 | €82,483 | +€45,634 | +124% |
| Income taxes | 67/77 | €10,289 | €19,045 | +€8,756 | +85.1% |
| Profit (loss) for the period | 9904 | €26,560 | €63,438 | +€36,878 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €26,560 | €63,438 | +€36,878 | +139% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.