Twin Worx: what changed
Twin Worx
Largest movements
- Tangible fixed assets +€9,723
up €9,723 (+176%), from €5,533 to €15,255
of which Furniture and vehicles: +€6,958
- Cash +€2,571
up €2,571 (+20.1%), from €12,811 to €15,381
mainly Net result for the year (+€12,279) and Depreciation (+€7,485)
- Receivables within one year +€1,436
up €1,436 (+3.6%), from €39,749 to €41,184
of which Other amounts receivable: +€18,872
- Deferred charges and accrued income +€1,074
new in 2025: €1,074
- Reserves +€12,279
up €12,279 (+46.0%), from €26,707 to €38,986
of which Distributable reserves: +€12,279
- Tax, wage and social debts +€4,509
up €4,509 (+57.9%), from €7,781 to €12,290
of which Taxes: +€2,503
- Trade debts -€1,985
down €1,985 (-90.8%), from €2,185 to €200
- Gross operating margin +€10,655
up €10,655 (+56.6%), from €18,840 to €29,495
- Taxes +€3,031
up €3,031 (+76.9%), from €3,944 to €6,975
- Depreciation +€2,447
up €2,447 (+48.6%), from €5,037 to €7,485
- Other operating charges +€1,877
up €1,877 (+514%), from €365 to €2,242
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,092 | €72,895 | +€14,803 | +25.5% |
| Fixed assets | 21/28 | €5,533 | €15,255 | +€9,723 | +176% |
| Tangible fixed assets | 22/27 | €5,533 | €15,255 | +€9,723 | +176% |
| Plant, machinery and equipment | 23 | €3,658 | €6,422 | +€2,764 | +75.6% |
| Furniture and vehicles | 24 | €1,875 | €8,833 | +€6,958 | +371% |
| Current assets | 29/58 | €52,560 | €57,640 | +€5,080 | +9.7% |
| Amounts receivable within one year | 40/41 | €39,749 | €41,184 | +€1,436 | +3.6% |
| Trade receivables | 40 | €19,885 | €2,449 | -€17,436 | -87.7% |
| Other amounts receivable | 41 | €19,864 | €38,736 | +€18,872 | +95.0% |
| Cash at bank and in hand | 54/58 | €12,811 | €15,381 | +€2,571 | +20.1% |
| Deferred charges and accrued income | 490/1 | - | €1,074 | +€1,074 | |
| Total equity and liabilities | 10/49 | €58,092 | €72,895 | +€14,803 | +25.5% |
| Equity | 10/15 | €48,126 | €60,405 | +€12,279 | +25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,707 | €38,986 | +€12,279 | +46.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,847 | €37,126 | +€12,279 | +49.4% |
| Profit (loss) carried forward | 14 | €2,819 | €2,819 | = | 0.0% |
| Amounts payable | 17/49 | €9,966 | €12,490 | +€2,524 | +25.3% |
| Amounts payable within one year | 42/48 | €9,966 | €12,490 | +€2,524 | +25.3% |
| Trade debts | 44 | €2,185 | €200 | -€1,985 | -90.8% |
| Suppliers | 440/4 | €2,185 | €200 | -€1,985 | -90.8% |
| Taxes, remuneration and social security | 45 | €7,781 | €12,290 | +€4,509 | +57.9% |
| Taxes | 450/3 | €7,781 | €10,284 | +€2,503 | +32.2% |
| Remuneration and social security | 454/9 | - | €2,006 | +€2,006 | |
| Remuneration, social security and pensions | 62 | - | €295 | +€295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,037 | €7,485 | +€2,447 | +48.6% |
| Other operating charges | 640/8 | €365 | €2,242 | +€1,877 | +514% |
| Gross operating margin | 9900 | €18,840 | €29,495 | +€10,655 | +56.6% |
| Operating profit (loss) | 9901 | €13,438 | €19,473 | +€6,036 | +44.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +8,567% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +8,567% |
| Financial charges | 65/66B | €128 | €222 | +€95 | +74.4% |
| Recurring financial charges | 65 | €128 | €222 | +€95 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €13,310 | €19,254 | +€5,944 | +44.7% |
| Income taxes | 67/77 | €3,944 | €6,975 | +€3,031 | +76.9% |
| Profit (loss) for the period | 9904 | €9,366 | €12,279 | +€2,912 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,366 | €12,279 | +€2,912 | +31.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.