TWIN PEEPS: 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 PEEPS
Largest movements
- Cash +€30,167
up €30,167 (+32.0%), from €94,327 to €124,494
mainly Net result for the year (+€17,014) and Receivables within one year (+€6,194)
- Receivables within one year -€6,194
down €6,194 (-38.0%), from €16,297 to €10,104
of which Trade receivables: -€6,845
- Reserves +€17,014
up €17,014 (+108%), from €15,734 to €32,748
- Short-term financial debts +€4,363
up €4,363 (+585%), from €746 to €5,109
- Tax, wage and social debts +€2,335
new in 2025: €2,335
- Gross operating margin +€2,627
up €2,627 (+11.3%), from €23,273 to €25,900
- Depreciation -€507
down €507 (-60.3%), from €841 to €334
- Taxes +€387
up €387 (+5.0%), from €7,816 to €8,204
- Financial income +€340
up €340 (+531%), from €64 to €404
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 | €114,612 | €138,331 | +€23,719 | +20.7% |
| Fixed assets | 21/28 | €1,609 | €1,275 | -€334 | -20.8% |
| Tangible fixed assets | 22/27 | €1,229 | €895 | -€334 | -27.2% |
| Plant, machinery and equipment | 23 | €1,229 | €895 | -€334 | -27.2% |
| Financial fixed assets | 28 | €379 | €379 | = | 0.0% |
| Current assets | 29/58 | €113,003 | €137,056 | +€24,053 | +21.3% |
| Amounts receivable within one year | 40/41 | €16,297 | €10,104 | -€6,194 | -38.0% |
| Trade receivables | 40 | €13,434 | €6,589 | -€6,845 | -51.0% |
| Other amounts receivable | 41 | €2,863 | €3,514 | +€651 | +22.7% |
| Cash at bank and in hand | 54/58 | €94,327 | €124,494 | +€30,167 | +32.0% |
| Deferred charges and accrued income | 490/1 | €2,379 | €2,459 | +€80 | +3.4% |
| Total equity and liabilities | 10/49 | €114,612 | €138,331 | +€23,719 | +20.7% |
| Equity | 10/15 | €103,353 | €120,366 | +€17,014 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,734 | €32,748 | +€17,014 | +108% |
| Distributable reserves | 133 | €15,734 | €32,748 | +€17,014 | +108% |
| Profit (loss) carried forward | 14 | €81,419 | €81,419 | = | 0.0% |
| Amounts payable | 17/49 | €11,260 | €17,965 | +€6,705 | +59.5% |
| Amounts payable within one year | 42/48 | €8,842 | €15,548 | +€6,706 | +75.8% |
| Financial debts | 43 | €746 | €5,109 | +€4,363 | +585% |
| Credit institutions | 430/8 | €746 | €5,109 | +€4,363 | +585% |
| Trade debts | 44 | €3,200 | €3,054 | -€146 | -4.6% |
| Suppliers | 440/4 | €3,200 | €3,054 | -€146 | -4.6% |
| Taxes, remuneration and social security | 45 | - | €2,335 | +€2,335 | |
| Taxes | 450/3 | - | €2,335 | +€2,335 | |
| Other amounts payable | 47/48 | €4,895 | €5,049 | +€154 | +3.1% |
| Accrued charges and deferred income | 492/3 | €2,418 | €2,417 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €841 | €334 | -€507 | -60.3% |
| Other operating charges | 640/8 | €528 | €412 | -€117 | -22.1% |
| Gross operating margin | 9900 | €23,273 | €25,900 | +€2,627 | +11.3% |
| Operating profit (loss) | 9901 | €21,904 | €25,154 | +€3,250 | +14.8% |
| Financial income | 75/76B | €64 | €404 | +€340 | +531% |
| Recurring financial income | 75 | €64 | €404 | +€340 | +531% |
| Financial charges | 65/66B | €278 | €341 | +€63 | +22.6% |
| Recurring financial charges | 65 | €278 | €341 | +€63 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €21,690 | €25,217 | +€3,527 | +16.3% |
| Income taxes | 67/77 | €7,816 | €8,204 | +€387 | +5.0% |
| Profit (loss) for the period | 9904 | €13,874 | €17,014 | +€3,140 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,874 | €17,014 | +€3,140 | +22.6% |
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 31 October 2026 via checked.be.