Twin2B: 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.
Twin2B
Largest movements
- Cash +€32,699
up €32,699 (+181.8%), from €17,990 to €50,689
mainly Net result for the year (+€77,893) and Trade debts (+€15,843)
- Receivables within one year -€14,500
down €14,500 (-27.8%), from €52,119 to €37,619
of which Trade receivables: -€10,500
- Tangible fixed assets -€1,401
down €1,401 (-33.0%), from €4,247 to €2,846
of which Plant, machinery and equipment: -€1,041
- Deferred charges and accrued income -€1,099
down €1,099 (-33.1%), from €3,320 to €2,221
- Trade debts +€15,843
up €15,843 (+662.3%), from €2,392 to €18,236
- Tax, wage and social debts -€13,297
down €13,297 (-84.1%), from €15,813 to €2,516
- Other debts +€13,267
up €13,267 (+22.4%), from €59,207 to €72,474
- Gross operating margin +€24,533
up €24,533 (+31.8%), from €77,184 to €101,717
- Taxes +€5,109
up €5,109 (+32.2%), from €15,881 to €20,990
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 | €77,676 | €93,375 | +€15,699 | +20.2% |
| Fixed assets | 21/28 | €4,247 | €2,846 | -€1,401 | -33.0% |
| Tangible fixed assets | 22/27 | €4,247 | €2,846 | -€1,401 | -33.0% |
| Plant, machinery and equipment | 23 | €2,189 | €1,148 | -€1,041 | -47.6% |
| Furniture and vehicles | 24 | €2,059 | €1,699 | -€360 | -17.5% |
| Current assets | 29/58 | €73,428 | €90,529 | +€17,100 | +23.3% |
| Amounts receivable within one year | 40/41 | €52,119 | €37,619 | -€14,500 | -27.8% |
| Trade receivables | 40 | €48,000 | €37,500 | -€10,500 | -21.9% |
| Other amounts receivable | 41 | €4,119 | €119 | -€4,000 | -97.1% |
| Cash at bank and in hand | 54/58 | €17,990 | €50,689 | +€32,699 | +181.8% |
| Deferred charges and accrued income | 490/1 | €3,320 | €2,221 | -€1,099 | -33.1% |
| Total equity and liabilities | 10/49 | €77,676 | €93,375 | +€15,699 | +20.2% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | 0.0% |
| Distributable reserves | 133 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,576 | €93,275 | +€15,699 | +20.2% |
| Amounts payable within one year | 42/48 | €77,412 | €93,225 | +€15,813 | +20.4% |
| Trade debts | 44 | €2,392 | €18,236 | +€15,843 | +662.3% |
| Suppliers | 440/4 | €2,392 | €18,236 | +€15,843 | +662.3% |
| Taxes, remuneration and social security | 45 | €15,813 | €2,516 | -€13,297 | -84.1% |
| Taxes | 450/3 | €15,813 | €2,516 | -€13,297 | -84.1% |
| Other amounts payable | 47/48 | €59,207 | €72,474 | +€13,267 | +22.4% |
| Accrued charges and deferred income | 492/3 | €164 | €50 | -€114 | -69.5% |
| Non-recurring operating income | 76A | - | €15,866 | +€15,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,617 | €1,716 | +€100 | +6.2% |
| Other operating charges | 640/8 | €899 | €772 | -€127 | -14.2% |
| Gross operating margin | 9900 | €77,184 | €101,717 | +€24,533 | +31.8% |
| Operating profit (loss) | 9901 | €74,668 | €99,229 | +€24,560 | +32.9% |
| Financial charges | 65/66B | €391 | €345 | -€46 | -11.6% |
| Recurring financial charges | 65 | €391 | €345 | -€46 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €74,278 | €98,883 | +€24,606 | +33.1% |
| Income taxes | 67/77 | €15,881 | €20,990 | +€5,109 | +32.2% |
| Profit (loss) for the period | 9904 | €58,397 | €77,893 | +€19,496 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,397 | €77,893 | +€19,496 | +33.4% |
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 29 September 2026 via checked.be.