TWIN HILLS: 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 HILLS
Largest movements
- Receivables within one year +€10,033
up €10,033 (+67.7%), from €14,810 to €24,844
of which Trade receivables: +€10,033
- Cash +€8,735
up €8,735 (+22.7%), from €38,451 to €47,186
mainly Net result for the year (+€53,345) and Other debts (+€17,141)
- Other debts +€17,141
up €17,141 (+47.4%), from €36,177 to €53,318
- Profit (loss) carried forward +€3,345
up €3,345 (+120%), from €2,792 to €6,137
- Tax, wage and social debts -€2,256
down €2,256 (-28.7%), from €7,858 to €5,601
- Gross operating margin +€16,748
up €16,748 (+29.6%), from €56,619 to €73,367
- Taxes +€3,580
up €3,580 (+29.1%), from €12,281 to €15,860
- Other operating charges -€842
down €842 (-48.8%), from €1,725 to €883
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 | €66,534 | €84,813 | +€18,280 | +27.5% |
| Fixed assets | 21/28 | €5,177 | €4,652 | -€524 | -10.1% |
| Tangible fixed assets | 22/27 | €5,177 | €4,652 | -€524 | -10.1% |
| Plant, machinery and equipment | 23 | - | €1,437 | +€1,437 | |
| Furniture and vehicles | 24 | €5,177 | €3,215 | -€1,962 | -37.9% |
| Current assets | 29/58 | €61,357 | €80,161 | +€18,804 | +30.6% |
| Amounts receivable within one year | 40/41 | €14,810 | €24,844 | +€10,033 | +67.7% |
| Trade receivables | 40 | €14,810 | €24,844 | +€10,033 | +67.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €3,500 | €3,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,451 | €47,186 | +€8,735 | +22.7% |
| Deferred charges and accrued income | 490/1 | €4,595 | €4,631 | +€36 | +0.8% |
| Total equity and liabilities | 10/49 | €66,534 | €84,813 | +€18,280 | +27.5% |
| Equity | 10/15 | €22,377 | €25,722 | +€3,345 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €985 | €985 | = | 0.0% |
| Non-distributable reserves | 130/1 | €985 | €985 | = | 0.0% |
| Reserves not available under the articles | 1311 | €985 | €985 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,792 | €6,137 | +€3,345 | +120% |
| Amounts payable | 17/49 | €44,157 | €59,091 | +€14,935 | +33.8% |
| Amounts payable within one year | 42/48 | €44,112 | €59,047 | +€14,935 | +33.9% |
| Trade debts | 44 | €77 | €127 | +€50 | +65.6% |
| Suppliers | 440/4 | €77 | €127 | +€50 | +65.6% |
| Taxes, remuneration and social security | 45 | €7,858 | €5,601 | -€2,256 | -28.7% |
| Taxes | 450/3 | €7,858 | €5,601 | -€2,256 | -28.7% |
| Other amounts payable | 47/48 | €36,177 | €53,318 | +€17,141 | +47.4% |
| Accrued charges and deferred income | 492/3 | €45 | €45 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €779 | €529 | -€250 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,851 | €2,186 | +€335 | +18.1% |
| Other operating charges | 640/8 | €1,725 | €883 | -€842 | -48.8% |
| Gross operating margin | 9900 | €56,619 | €73,367 | +€16,748 | +29.6% |
| Operating profit (loss) | 9901 | €52,264 | €69,769 | +€17,505 | +33.5% |
| Financial income | 75/76B | €148 | €18 | -€131 | -88.0% |
| Recurring financial income | 75 | €148 | €18 | -€131 | -88.0% |
| Financial charges | 65/66B | €634 | €582 | -€52 | -8.3% |
| Recurring financial charges | 65 | €634 | €582 | -€52 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €51,778 | €69,205 | +€17,427 | +33.7% |
| Income taxes | 67/77 | €12,281 | €15,860 | +€3,580 | +29.1% |
| Profit (loss) for the period | 9904 | €39,498 | €53,345 | +€13,847 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,498 | €53,345 | +€13,847 | +35.1% |
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 19 October 2026 via checked.be.