TWIN TECH: 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.
What changed
TWIN TECH
NACE 29.202, Manufacture of motor vehicles, trailers and semi-trailers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€537,422
2024 · €189,720+€347,702
Equity
€4.4m
2024 · €3.8m+€537,422
Cash
€1.6m
2024 · €1.1m+€481,624
Balance sheet total
€10.6m
2024 · €10.6m-€1,820
Largest movements
Assets
- Cash +€481,624
up €481,624 (+43.5%), from €1.1m to €1.6m
mainly Net result for the year (+€537,422) and Depreciation (+€502,922)
- Tangible fixed assets -€395,732
down €395,732 (-5.7%), from €6.9m to €6.5m
of which Leasing and similar rights: -€296,082
- Deferred charges and accrued income -€126,974
down €126,974 (-84.8%), from €149,696 to €22,722
Equity and liabilities
- Reserves +€537,422
up €537,422 (+14.2%), from €3.8m to €4.3m
- Debts after one year -€341,681
down €341,681 (-6.1%), from €5.6m to €5.2m
of which Financial debts: -€341,681
- Trade debts -€261,761
down €261,761 (-44.4%), from €589,872 to €328,111
Income statement
- Gross operating margin +€414,613
up €414,613 (+27.0%), from €1.5m to €1.9m
- Staff costs +€39,757
up €39,757 (+5.6%), from €713,656 to €753,413
- Write-downs -€24,087
down €24,087, from €0 to -€24,087
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.
Result 2024
€189,720
Gross operating margin
+€414,613
Staff costs
-€39,757
Depreciation
-€13,061
Write-downs
+€24,087
Other operating charges
-€557
Other operating items
-€53,009
Financial income
+€6,462
Financial charges
+€5,782
Taxes
+€3,142
Result 2025
€537,422
Cash bridge derived
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.
From operations
+€1.0m
Investment
-€209,249
Financing
-€337,497
Cash 2024
€1.1m
From operations (derived)
+€1.0m
Net result for the year
+€537,422
Depreciation
+€502,922
Stocks and contracts
+€35,000
Receivables within one year
+€27,798
Deferred charges and accrued income
+€126,974
Trade debts
-€261,761
Tax, wage and social debts
+€26,501
Other debts
+€42,267
Accrued charges and deferred income
-€8,751
Investment (derived)
-€209,249
Investment in fixed assets (net)
-€209,249
Financing
-€337,497
Debts after one year
-€341,681
Current portion of long-term debt
+€4,183
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,606,006 | €10,604,186 | -€1,820 | 0.0% |
| Fixed assets | 21/28 | €7,053,703 | €6,760,031 | -€293,673 | -4.2% |
| Intangible fixed assets | 21 | €167,403 | €269,463 | +€102,060 | +61.0% |
| Tangible fixed assets | 22/27 | €6,886,165 | €6,490,432 | -€395,732 | -5.7% |
| Plant, machinery and equipment | 23 | €277,496 | €197,513 | -€79,983 | -28.8% |
| Furniture and vehicles | 24 | €83,400 | €80,239 | -€3,162 | -3.8% |
| Leasing and similar rights | 25 | €6,331,679 | €6,035,597 | -€296,082 | -4.7% |
| Other tangible fixed assets | 26 | €193,590 | €177,084 | -€16,506 | -8.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €3,552,303 | €3,844,155 | +€291,853 | +8.2% |
| Stocks and contracts in progress | 3 | €1,575,000 | €1,540,000 | -€35,000 | -2.2% |
| Stocks | 30/36 | €1,575,000 | €1,540,000 | -€35,000 | -2.2% |
| Amounts receivable within one year | 40/41 | €719,526 | €691,728 | -€27,798 | -3.9% |
| Trade receivables | 40 | €716,372 | €691,728 | -€24,643 | -3.4% |
| Other amounts receivable | 41 | €3,154 | €0 | -€3,154 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,108,081 | €1,589,705 | +€481,624 | +43.5% |
| Deferred charges and accrued income | 490/1 | €149,696 | €22,722 | -€126,974 | -84.8% |
| Total equity and liabilities | 10/49 | €10,606,006 | €10,604,186 | -€1,820 | 0.0% |
| Equity | 10/15 | €3,844,362 | €4,381,783 | +€537,422 | +14.0% |
| Contributions | 10/11 | €57,200 | €57,200 | = | 0.0% |
| Reserves | 13 | €3,787,162 | €4,324,583 | +€537,422 | +14.2% |
| Distributable reserves | 133 | €3,787,162 | €4,324,583 | +€537,422 | +14.2% |
| Amounts payable | 17/49 | €6,761,644 | €6,222,402 | -€539,242 | -8.0% |
| Amounts payable after more than one year | 17 | €5,564,321 | €5,222,640 | -€341,681 | -6.1% |
| Financial debts | 170/4 | €5,557,916 | €5,216,235 | -€341,681 | -6.1% |
| Other amounts payable | 178/9 | €6,405 | €6,405 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,181,422 | €992,612 | -€188,810 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €419,215 | €423,398 | +€4,183 | +1.0% |
| Trade debts | 44 | €589,872 | €328,111 | -€261,761 | -44.4% |
| Suppliers | 440/4 | €589,872 | €328,111 | -€261,761 | -44.4% |
| Taxes, remuneration and social security | 45 | €130,399 | €156,900 | +€26,501 | +20.3% |
| Taxes | 450/3 | €45,552 | €70,485 | +€24,933 | +54.7% |
| Remuneration and social security | 454/9 | €84,847 | €86,415 | +€1,568 | +1.8% |
| Other amounts payable | 47/48 | €41,937 | €84,203 | +€42,267 | +100.8% |
| Accrued charges and deferred income | 492/3 | €15,901 | €7,150 | -€8,751 | -55.0% |
| Non-recurring operating income | 76A | - | €1,110 | +€1,110 | |
| Remuneration, social security and pensions | 62 | €713,656 | €753,413 | +€39,757 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489,860 | €502,922 | +€13,061 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€24,087 | -€24,087 | |
| Other operating charges | 640/8 | €29,420 | €29,977 | +€557 | +1.9% |
| Non-recurring operating charges | 66A | €0 | €53,009 | +€53,009 | |
| Gross operating margin | 9900 | €1,533,417 | €1,948,029 | +€414,613 | +27.0% |
| Operating profit (loss) | 9901 | €300,481 | €632,796 | +€332,315 | +110.6% |
| Financial income | 75/76B | €16,657 | €23,120 | +€6,462 | +38.8% |
| Recurring financial income | 75 | €16,657 | €23,120 | +€6,462 | +38.8% |
| Financial charges | 65/66B | €123,992 | €118,210 | -€5,782 | -4.7% |
| Recurring financial charges | 65 | €123,992 | €118,210 | -€5,782 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €193,146 | €537,706 | +€344,560 | +178.4% |
| Income taxes | 67/77 | €3,426 | €284 | -€3,142 | -91.7% |
| Profit (loss) for the period | 9904 | €189,720 | €537,422 | +€347,702 | +183.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €189,720 | €537,422 | +€347,702 | +183.3% |
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 10 October 2026 via checked.be.