TWINCONSTRUCT: 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.
TWINCONSTRUCT
Largest movements
- Cash -€3,061
down €3,061 (-25.2%), from €12,126 to €9,065
mainly Net result for the year (-€3,106) and Receivables within one year (-€75)
- Profit (loss) carried forward -€3,106
down €3,106 (-4.3%), from -€72,128 to -€75,234
- Gross operating margin -€595
down €595 (-31.1%), from -€1,912 to -€2,506
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 | €153,602 | €150,527 | -€3,075 | -2.0% |
| Fixed assets | 21/28 | €846 | €846 | = | 0.0% |
| Financial fixed assets | 28 | €846 | €846 | = | 0.0% |
| Current assets | 29/58 | €152,756 | €149,682 | -€3,075 | -2.0% |
| Stocks and contracts in progress | 3 | €19,778 | €19,778 | = | 0.0% |
| Stocks | 30/36 | €19,778 | €19,778 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,763 | €120,838 | +€75 | +0.1% |
| Other amounts receivable | 41 | €120,763 | €120,838 | +€75 | +0.1% |
| Cash at bank and in hand | 54/58 | €12,126 | €9,065 | -€3,061 | -25.2% |
| Deferred charges and accrued income | 490/1 | €89 | €0 | -€89 | -100.0% |
| Total equity and liabilities | 10/49 | €153,602 | €150,527 | -€3,075 | -2.0% |
| Equity | 10/15 | -€50,128 | -€53,234 | -€3,106 | -6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,128 | -€75,234 | -€3,106 | -4.3% |
| Amounts payable | 17/49 | €203,730 | €203,762 | +€32 | 0.0% |
| Amounts payable within one year | 42/48 | €203,730 | €203,762 | +€32 | 0.0% |
| Trade debts | 44 | €230 | €262 | +€32 | +13.8% |
| Suppliers | 440/4 | €230 | €262 | +€32 | +13.8% |
| Other amounts payable | 47/48 | €203,500 | €203,500 | = | 0.0% |
| Gross operating margin | 9900 | -€1,912 | -€2,506 | -€595 | -31.1% |
| Operating profit (loss) | 9901 | -€1,912 | -€2,506 | -€595 | -31.1% |
| Financial charges | 65/66B | €600 | €600 | = | 0.0% |
| Recurring financial charges | 65 | €600 | €600 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,512 | -€3,106 | -€595 | -23.7% |
| Profit (loss) for the period | 9904 | -€2,512 | -€3,106 | -€595 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,512 | -€3,106 | -€595 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.