TwinCiO: 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.
TwinCiO
Largest movements
- Cash -€84,330
down €84,330 (-43.8%), from €192,548 to €108,218
mainly Contributions, distributions and other (-€89,000) and Other debts (-€74,050)
- Tangible fixed assets -€15,401
down €15,401 (-29.5%), from €52,126 to €36,725
- Other debts -€74,050
down €74,050 (-43.5%), from €170,300 to €96,250
- Tax, wage and social debts -€23,742
down €23,742 (-29.2%), from €81,310 to €57,568
of which Remuneration and social security: -€21,831
- Gross operating margin +€2,536
up €2,536 (+2.0%), from €127,690 to €130,226
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 | €278,944 | €180,317 | -€98,627 | -35.4% |
| Fixed assets | 21/28 | €53,026 | €37,625 | -€15,401 | -29.0% |
| Tangible fixed assets | 22/27 | €52,126 | €36,725 | -€15,401 | -29.5% |
| Furniture and vehicles | 24 | €52,126 | €36,725 | -€15,401 | -29.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €225,918 | €142,692 | -€83,226 | -36.8% |
| Amounts receivable within one year | 40/41 | €32,667 | €33,111 | +€444 | +1.4% |
| Trade receivables | 40 | €32,247 | €32,690 | +€443 | +1.4% |
| Other amounts receivable | 41 | €420 | €421 | +€1 | +0.2% |
| Cash at bank and in hand | 54/58 | €192,548 | €108,218 | -€84,330 | -43.8% |
| Deferred charges and accrued income | 490/1 | €704 | €1,363 | +€659 | +93.7% |
| Total equity and liabilities | 10/49 | €278,944 | €180,317 | -€98,627 | -35.4% |
| Equity | 10/15 | €25,706 | €25,073 | -€633 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| 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 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,246 | €613 | -€633 | -50.8% |
| Amounts payable | 17/49 | €253,238 | €155,244 | -€97,994 | -38.7% |
| Amounts payable within one year | 42/48 | €253,238 | €155,244 | -€97,994 | -38.7% |
| Trade debts | 44 | €1,628 | €1,426 | -€203 | -12.4% |
| Suppliers | 440/4 | €1,628 | €1,426 | -€203 | -12.4% |
| Taxes, remuneration and social security | 45 | €81,310 | €57,568 | -€23,742 | -29.2% |
| Taxes | 450/3 | €15,694 | €13,783 | -€1,910 | -12.2% |
| Remuneration and social security | 454/9 | €65,616 | €43,785 | -€21,831 | -33.3% |
| Other amounts payable | 47/48 | €170,300 | €96,250 | -€74,050 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,802 | €15,401 | +€600 | +4.1% |
| Other operating charges | 640/8 | €874 | €961 | +€87 | +9.9% |
| Gross operating margin | 9900 | €127,690 | €130,226 | +€2,536 | +2.0% |
| Operating profit (loss) | 9901 | €112,014 | €113,864 | +€1,850 | +1.7% |
| Financial charges | 65/66B | €175 | €168 | -€7 | -4.1% |
| Recurring financial charges | 65 | €175 | €168 | -€7 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €111,839 | €113,696 | +€1,857 | +1.7% |
| Income taxes | 67/77 | €24,581 | €25,329 | +€748 | +3.0% |
| Profit (loss) for the period | 9904 | €87,258 | €88,367 | +€1,109 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,258 | €88,367 | +€1,109 | +1.3% |
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 7 October 2026 via checked.be.