TWIN PAINT: 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 PAINT
Largest movements
- Cash -€11,384
down €11,384 (-28.1%), from €40,512 to €29,128
mainly Tax, wage and social debts (-€9,417) and Investment in fixed assets (net) (-€8,264)
- Receivables within one year -€7,422
down €7,422 (-42.8%), from €17,358 to €9,936
of which Trade receivables: -€9,050
- Tangible fixed assets +€5,830
up €5,830 (+286%), from €2,037 to €7,867
of which Furniture and vehicles: +€6,459
- Tax, wage and social debts -€9,417
down €9,417 (-100%), from €9,417 to €0
- Reserves +€6,389
up €6,389 (+3.4%), from €188,792 to €195,181
of which Distributable reserves: +€6,389
- Trade debts -€5,654
down €5,654 (-72.7%), from €7,777 to €2,122
- Debts after one year -€5,000
down €5,000 (-100%), from €5,000 to €0
- Turnover +€75,844
new in 2025: €75,844
- Purchases and services +€62,964
new in 2025: €62,964
- Gross operating margin -€11,277
down €11,277 (-46.7%), from €24,157 to €12,881
- Financial charges -€1,716
down €1,716 (-87.0%), from €1,972 to €256
of which Non-recurring financial charges: -€1,972
- Depreciation +€1,341
up €1,341 (+123%), from €1,093 to €2,434
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 | €228,555 | €215,310 | -€13,246 | -5.8% |
| Fixed assets | 21/28 | €2,537 | €8,367 | +€5,830 | +230% |
| Tangible fixed assets | 22/27 | €2,037 | €7,867 | +€5,830 | +286% |
| Plant, machinery and equipment | 23 | €1,575 | €946 | -€629 | -39.9% |
| Furniture and vehicles | 24 | €462 | €6,920 | +€6,459 | +1,399% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €226,018 | €206,943 | -€19,075 | -8.4% |
| Amounts receivable after more than one year | 29 | €167,878 | €167,878 | = | 0.0% |
| Other amounts receivable | 291 | €167,878 | €167,878 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,358 | €9,936 | -€7,422 | -42.8% |
| Trade receivables | 40 | €16,236 | €7,186 | -€9,050 | -55.7% |
| Other amounts receivable | 41 | €1,122 | €2,750 | +€1,628 | +145% |
| Cash at bank and in hand | 54/58 | €40,512 | €29,128 | -€11,384 | -28.1% |
| Deferred charges and accrued income | 490/1 | €269 | €0 | -€269 | -100% |
| Total equity and liabilities | 10/49 | €228,555 | €215,310 | -€13,246 | -5.8% |
| Equity | 10/15 | €206,362 | €212,750 | +€6,389 | +3.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €188,792 | €195,181 | +€6,389 | +3.4% |
| Tax-exempt reserves | 132 | €5,330 | €5,330 | = | 0.0% |
| Distributable reserves | 133 | €183,462 | €189,851 | +€6,389 | +3.5% |
| Profit (loss) carried forward | 14 | €7,570 | €7,570 | = | 0.0% |
| Amounts payable | 17/49 | €22,194 | €2,559 | -€19,634 | -88.5% |
| Amounts payable after more than one year | 17 | €5,000 | €0 | -€5,000 | -100% |
| Financial debts | 170/4 | €5,000 | €0 | -€5,000 | -100% |
| Amounts payable within one year | 42/48 | €17,194 | €2,559 | -€14,634 | -85.1% |
| Trade debts | 44 | €7,777 | €2,122 | -€5,654 | -72.7% |
| Suppliers | 440/4 | €7,777 | €2,122 | -€5,654 | -72.7% |
| Taxes, remuneration and social security | 45 | €9,417 | €0 | -€9,417 | -100% |
| Taxes | 450/3 | €9,417 | €0 | -€9,417 | -100% |
| Other amounts payable | 47/48 | - | €437 | +€437 | |
| Turnover | 70 | - | €75,844 | +€75,844 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €62,964 | +€62,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €2,434 | +€1,341 | +123% |
| Other operating charges | 640/8 | €842 | €842 | -€1 | -0.1% |
| Gross operating margin | 9900 | €24,157 | €12,881 | -€11,277 | -46.7% |
| Operating profit (loss) | 9901 | €22,222 | €9,605 | -€12,617 | -56.8% |
| Financial income | 75/76B | €10 | €180 | +€169 | +1,618% |
| Recurring financial income | 75 | €10 | €180 | +€169 | +1,618% |
| Financial charges | 65/66B | €1,972 | €256 | -€1,716 | -87.0% |
| Recurring financial charges | 65 | €1,972 | €256 | -€1,716 | -87.0% |
| Non-recurring financial charges | 66B | €1,972 | - | -€1,972 | |
| Profit (loss) for the period before taxes | 9903 | €20,261 | €9,530 | -€10,732 | -53.0% |
| Income taxes | 67/77 | €3,030 | €3,141 | +€111 | +3.7% |
| Profit (loss) for the period | 9904 | €17,231 | €6,389 | -€10,843 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,231 | €6,389 | -€10,843 | -62.9% |
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 26 October 2026 via checked.be.