TWIN V: 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 V
Largest movements
- Tangible fixed assets +€563,607
up €563,607 (+107,791%), from €523 to €564,130
of which Land and buildings: +€563,064
- Cash +€30,555
new in 2024: €30,555
mainly Debts after one year (+€485,000) and Net result for the year (+€97,479)
- Current investments -€12,418
no longer reported in 2024 (was €12,418)
- Debts after one year +€485,000
new in 2024: €485,000
- Profit (loss) carried forward +€97,479
up €97,479 (+521%), from €18,700 to €116,179
- Turnover +€331,500
up €331,500 (+154%), from €215,060 to €546,559
- Purchases and services +€251,260
up €251,260 (+128%), from €195,717 to €446,977
- Gross operating margin +€80,239
up €80,239 (+415%), from €19,343 to €99,582
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,028 | €617,295 | +€584,267 | +1,769% |
| Fixed assets | 21/28 | €1,563 | €564,910 | +€563,347 | +36,046% |
| Intangible fixed assets | 21 | €1,040 | €780 | -€260 | -25.0% |
| Tangible fixed assets | 22/27 | €523 | €564,130 | +€563,607 | +107,791% |
| Land and buildings | 22 | - | €563,064 | +€563,064 | |
| Furniture and vehicles | 24 | €523 | €1,067 | +€544 | +104% |
| Current assets | 29/58 | €31,465 | €52,385 | +€20,920 | +66.5% |
| Amounts receivable within one year | 40/41 | €16,475 | €21,538 | +€5,063 | +30.7% |
| Trade receivables | 40 | €3,862 | €2,695 | -€1,167 | -30.2% |
| Other amounts receivable | 41 | €12,613 | €18,842 | +€6,229 | +49.4% |
| Current investments | 50/53 | €12,418 | - | -€12,418 | |
| Cash at bank and in hand | 54/58 | - | €30,555 | +€30,555 | |
| Deferred charges and accrued income | 490/1 | €2,572 | €292 | -€2,280 | -88.6% |
| Total equity and liabilities | 10/49 | €33,028 | €617,295 | +€584,267 | +1,769% |
| Equity | 10/15 | €21,700 | €119,179 | +€97,479 | +449% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,700 | €116,179 | +€97,479 | +521% |
| Amounts payable | 17/49 | €11,328 | €498,116 | +€486,788 | +4,297% |
| Amounts payable after more than one year | 17 | - | €485,000 | +€485,000 | |
| Financial debts | 170/4 | - | €485,000 | +€485,000 | |
| Amounts payable within one year | 42/48 | €11,328 | €13,116 | +€1,788 | +15.8% |
| Trade debts | 44 | €11,328 | €13,116 | +€1,788 | +15.8% |
| Suppliers | 440/4 | €11,328 | €13,116 | +€1,788 | +15.8% |
| Turnover | 70 | €215,060 | €546,559 | +€331,500 | +154% |
| Goods, raw materials, services and sundry goods | 60/61 | €195,717 | €446,977 | +€251,260 | +128% |
| Remuneration, social security and pensions | 62 | - | €1,552 | +€1,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €1,521 | +€999 | +192% |
| Gross operating margin | 9900 | €19,343 | €99,582 | +€80,239 | +415% |
| Operating profit (loss) | 9901 | €18,821 | €96,509 | +€77,688 | +413% |
| Financial income | 75/76B | - | €1,999 | +€1,999 | |
| Recurring financial income | 75 | - | €1,999 | +€1,999 | |
| Financial charges | 65/66B | €121 | €1,029 | +€908 | +749% |
| Recurring financial charges | 65 | €121 | €1,029 | +€908 | +749% |
| Profit (loss) for the period before taxes | 9903 | €18,700 | €97,479 | +€78,779 | +421% |
| Profit (loss) for the period | 9904 | €18,700 | €97,479 | +€78,779 | +421% |
| Profit (loss) for the period to be appropriated | 9905 | €18,700 | €97,479 | +€78,779 | +421% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.