Twin-Technics: what changed
Two fiscal 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-Technics
Largest movements
- Cash -€43,525
down €43,525 (-62.0%), from €70,251 to €26,726
mainly Trade debts (-€40,627) and Receivables within one year (-€37,775)
- Receivables within one year +€37,775
up €37,775 (+45.0%), from €83,968 to €121,743
of which Other amounts receivable: +€23,419
- Deferred charges and accrued income -€23,540
down €23,540 (-93.4%), from €25,214 to €1,673
- Receivables after one year +€15,000
up €15,000 (+50.1%), from €29,944 to €44,944
- Tangible fixed assets +€10,095
up €10,095 (+4101.0%), from €246 to €10,341
of which Furniture and vehicles: +€10,341
- Trade debts -€40,627
down €40,627 (-17.3%), from €235,493 to €194,866
- Reserves +€21,503
up €21,503 (+113.0%), from €19,027 to €40,529
- Advances received +€20,000
up €20,000 (+400.0%), from €5,000 to €25,000
- Tax, wage and social debts -€6,525
down €6,525 (-25.8%), from €25,327 to €18,802
of which Remuneration and social security: -€3,904
- Gross operating margin +€121,268
up €121,268 (+461.9%), from €26,256 to €147,524
- Staff costs +€78,544
up €78,544 (+327.5%), from €23,980 to €102,524
- Taxes +€11,699
up €11,699 (+725.2%), from €1,613 to €13,312
- Financial charges -€2,962
down €2,962 (-57.7%), from €5,137 to €2,175
- Depreciation +€1,601
up €1,601 (+130.1%), from €1,231 to €2,831
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,678 | €205,482 | -€4,196 | -2.0% |
| Fixed assets | 21/28 | €301 | €10,396 | +€10,095 | +3352.0% |
| Tangible fixed assets | 22/27 | €246 | €10,341 | +€10,095 | +4101.0% |
| Plant, machinery and equipment | 23 | €246 | €0 | -€246 | -100.0% |
| Furniture and vehicles | 24 | - | €10,341 | +€10,341 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €209,376 | €195,086 | -€14,291 | -6.8% |
| Amounts receivable after more than one year | 29 | €29,944 | €44,944 | +€15,000 | +50.1% |
| Other amounts receivable | 291 | €29,944 | €44,944 | +€15,000 | +50.1% |
| Amounts receivable within one year | 40/41 | €83,968 | €121,743 | +€37,775 | +45.0% |
| Trade receivables | 40 | €57,547 | €71,902 | +€14,356 | +24.9% |
| Other amounts receivable | 41 | €26,421 | €49,841 | +€23,419 | +88.6% |
| Cash at bank and in hand | 54/58 | €70,251 | €26,726 | -€43,525 | -62.0% |
| Deferred charges and accrued income | 490/1 | €25,214 | €1,673 | -€23,540 | -93.4% |
| Total equity and liabilities | 10/49 | €209,678 | €205,482 | -€4,196 | -2.0% |
| Equity | 10/15 | -€56,142 | -€34,639 | +€21,503 | +38.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €19,027 | €40,529 | +€21,503 | +113.0% |
| Distributable reserves | 133 | €19,027 | €40,529 | +€21,503 | +113.0% |
| Profit (loss) carried forward | 14 | -€90,169 | -€90,169 | = | 0.0% |
| Amounts payable | 17/49 | €265,820 | €240,121 | -€25,699 | -9.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €265,820 | €240,121 | -€25,699 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €235,493 | €194,866 | -€40,627 | -17.3% |
| Suppliers | 440/4 | €235,493 | €194,866 | -€40,627 | -17.3% |
| Advances received on contracts in progress | 46 | €5,000 | €25,000 | +€20,000 | +400.0% |
| Taxes, remuneration and social security | 45 | €25,327 | €18,802 | -€6,525 | -25.8% |
| Taxes | 450/3 | €20,173 | €17,552 | -€2,621 | -13.0% |
| Remuneration and social security | 454/9 | €5,154 | €1,249 | -€3,904 | -75.8% |
| Other amounts payable | 47/48 | - | €1,453 | +€1,453 | |
| Non-recurring operating income | 76A | - | €15,350 | +€15,350 | |
| Remuneration, social security and pensions | 62 | €23,980 | €102,524 | +€78,544 | +327.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €2,831 | +€1,601 | +130.1% |
| Other operating charges | 640/8 | €2,362 | €2,065 | -€297 | -12.6% |
| Non-recurring operating charges | 66A | €6,709 | €3,608 | -€3,101 | -46.2% |
| Gross operating margin | 9900 | €26,256 | €147,524 | +€121,268 | +461.9% |
| Operating profit (loss) | 9901 | -€8,026 | €36,495 | +€44,521 | |
| Financial income | 75/76B | €1,078 | €494 | -€584 | -54.2% |
| Recurring financial income | 75 | €1,078 | €494 | -€584 | -54.2% |
| Financial charges | 65/66B | €5,137 | €2,175 | -€2,962 | -57.7% |
| Recurring financial charges | 65 | €5,137 | €2,175 | -€2,962 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,084 | €34,815 | +€46,899 | |
| Income taxes | 67/77 | €1,613 | €13,312 | +€11,699 | +725.2% |
| Profit (loss) for the period | 9904 | -€13,697 | €21,503 | +€35,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,697 | €21,503 | +€35,200 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.