TWINDENT: 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.
TWINDENT
Largest movements
- Tangible fixed assets -€54,509
down €54,509 (-3.9%), from €1.4m to €1.4m
of which Land and buildings: -€48,595
- Debts after one year -€69,809
down €69,809 (-9.6%), from €723,686 to €653,878
- Reserves +€18,415
up €18,415 (+7.6%), from €243,399 to €261,815
of which Distributable reserves: +€17,415
- Other debts +€17,344
up €17,344 (+19.6%), from €88,546 to €105,890
- Gross operating margin +€10,435
up €10,435 (+11.4%), from €91,758 to €102,193
- Taxes +€6,167
up €6,167 (+232.7%), from €2,650 to €8,817
- Financial charges +€2,359
up €2,359 (+15.1%), from €15,586 to €17,944
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 | €1,426,315 | €1,377,508 | -€48,807 | -3.4% |
| Fixed assets | 21/28 | €1,410,884 | €1,356,376 | -€54,509 | -3.9% |
| Tangible fixed assets | 22/27 | €1,410,634 | €1,356,126 | -€54,509 | -3.9% |
| Land and buildings | 22 | €1,363,510 | €1,314,915 | -€48,595 | -3.6% |
| Furniture and vehicles | 24 | €47,124 | €41,210 | -€5,914 | -12.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €15,430 | €21,132 | +€5,702 | +37.0% |
| Amounts receivable within one year | 40/41 | €1,454 | €5,972 | +€4,517 | +310.6% |
| Trade receivables | 40 | - | €4,517 | +€4,517 | |
| Other amounts receivable | 41 | €1,454 | €1,454 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,886 | €9,506 | +€1,620 | +20.5% |
| Deferred charges and accrued income | 490/1 | €6,090 | €5,655 | -€436 | -7.2% |
| Total equity and liabilities | 10/49 | €1,426,315 | €1,377,508 | -€48,807 | -3.4% |
| Equity | 10/15 | €511,436 | €529,851 | +€18,415 | +3.6% |
| Contributions | 10/11 | €268,037 | €268,037 | = | 0.0% |
| Capital | 10 | €268,037 | €268,037 | = | 0.0% |
| Issued capital | 100 | €268,037 | €268,037 | = | 0.0% |
| Reserves | 13 | €243,399 | €261,815 | +€18,415 | +7.6% |
| Non-distributable reserves | 130/1 | €13,560 | €14,560 | +€1,000 | +7.4% |
| Legal reserve | 130 | €13,560 | €14,560 | +€1,000 | +7.4% |
| Distributable reserves | 133 | €229,839 | €247,255 | +€17,415 | +7.6% |
| Amounts payable | 17/49 | €914,879 | €847,656 | -€67,222 | -7.3% |
| Amounts payable after more than one year | 17 | €723,686 | €653,878 | -€69,809 | -9.6% |
| Financial debts | 170/4 | €723,686 | €653,878 | -€69,809 | -9.6% |
| Amounts payable within one year | 42/48 | €177,355 | €185,454 | +€8,099 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €81,856 | €69,809 | -€12,047 | -14.7% |
| Trade debts | 44 | €1,941 | €2,289 | +€348 | +17.9% |
| Suppliers | 440/4 | €1,941 | €2,289 | +€348 | +17.9% |
| Taxes, remuneration and social security | 45 | €5,012 | €7,466 | +€2,454 | +49.0% |
| Taxes | 450/3 | €5,012 | €7,466 | +€2,454 | +49.0% |
| Other amounts payable | 47/48 | €88,546 | €105,890 | +€17,344 | +19.6% |
| Accrued charges and deferred income | 492/3 | €13,838 | €8,325 | -€5,513 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,023 | €54,509 | +€486 | +0.9% |
| Other operating charges | 640/8 | €2,346 | €2,571 | +€225 | +9.6% |
| Gross operating margin | 9900 | €91,758 | €102,193 | +€10,435 | +11.4% |
| Operating profit (loss) | 9901 | €35,389 | €45,113 | +€9,725 | +27.5% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €15,586 | €17,944 | +€2,359 | +15.1% |
| Recurring financial charges | 65 | €15,586 | €17,944 | +€2,359 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €19,803 | €27,232 | +€7,429 | +37.5% |
| Income taxes | 67/77 | €2,650 | €8,817 | +€6,167 | +232.7% |
| Profit (loss) for the period | 9904 | €17,153 | €18,415 | +€1,262 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,153 | €18,415 | +€1,262 | +7.4% |
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 8 October 2026 via checked.be.