TWIN FIN: 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 FIN
Largest movements
- Cash -€52,455
down €52,455 (-28.4%), from €184,836 to €132,381
mainly Contributions, distributions and other (-€189,000) and Other debts (-€25,406)
- Receivables within one year +€13,813
up €13,813 (+81.9%), from €16,869 to €30,682
of which Trade receivables: +€13,813
- Other debts -€25,406
down €25,406 (-13.2%), from €192,890 to €167,484
- Profit (loss) carried forward -€11,879
down €11,879 (-99.3%), from €11,964 to €84
- Gross operating margin +€116,468
up €116,468 (+93.0%), from €125,186 to €241,655
- Taxes +€35,046
up €35,046 (+133%), from €26,346 to €61,392
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 | €217,758 | €178,864 | -€38,893 | -17.9% |
| Fixed assets | 21/28 | €15,603 | €14,690 | -€913 | -5.9% |
| Tangible fixed assets | 22/27 | €15,603 | €14,690 | -€913 | -5.9% |
| Furniture and vehicles | 24 | €2,083 | €2,525 | +€442 | +21.2% |
| Other tangible fixed assets | 26 | €13,520 | €12,164 | -€1,355 | -10.0% |
| Current assets | 29/58 | €202,155 | €164,175 | -€37,980 | -18.8% |
| Amounts receivable within one year | 40/41 | €16,869 | €30,682 | +€13,813 | +81.9% |
| Trade receivables | 40 | €12,215 | €26,028 | +€13,813 | +113% |
| Other amounts receivable | 41 | €4,654 | €4,654 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €184,836 | €132,381 | -€52,455 | -28.4% |
| Deferred charges and accrued income | 490/1 | €450 | €1,112 | +€662 | +147% |
| Total equity and liabilities | 10/49 | €217,758 | €178,864 | -€38,893 | -17.9% |
| Equity | 10/15 | €14,964 | €3,084 | -€11,879 | -79.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,964 | €84 | -€11,879 | -99.3% |
| Amounts payable | 17/49 | €202,794 | €175,780 | -€27,014 | -13.3% |
| Amounts payable within one year | 42/48 | €202,407 | €175,780 | -€26,627 | -13.2% |
| Trade debts | 44 | €2,200 | €476 | -€1,724 | -78.4% |
| Suppliers | 440/4 | €2,200 | €476 | -€1,724 | -78.4% |
| Taxes, remuneration and social security | 45 | €7,317 | €7,821 | +€504 | +6.9% |
| Taxes | 450/3 | €5,997 | €6,501 | +€504 | +8.4% |
| Remuneration and social security | 454/9 | €1,320 | €1,320 | = | 0.0% |
| Other amounts payable | 47/48 | €192,890 | €167,484 | -€25,406 | -13.2% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,944 | €2,562 | -€1,382 | -35.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €125,186 | €241,655 | +€116,468 | +93.0% |
| Operating profit (loss) | 9901 | €120,791 | €238,627 | +€117,836 | +97.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €114 | €115 | +€1 | +0.5% |
| Recurring financial charges | 65 | €114 | €115 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €120,677 | €238,512 | +€117,835 | +97.6% |
| Income taxes | 67/77 | €26,346 | €61,392 | +€35,046 | +133% |
| Profit (loss) for the period | 9904 | €94,331 | €177,121 | +€82,790 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,331 | €177,121 | +€82,790 | +87.8% |
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 24 October 2026 via checked.be.